Data as of Nov 12, 2026.
OVL vs OVQ: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
OVL costs 0.18 points a year less.
Points (pts) are percentage points.
| Measure | OVL | OVQ |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +13.7% | not published |
| Price change | rose 3.4% (1 year) | fell 2.9% (since Oct 23, 2026) |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Vanguard S&P 500 ETF, measured through VOO | not published |
| Cost and size | ||
| Expense ratio | 0.79% | 0.97% |
| Net assets | $427m | not read by ETFIQ |
| Holdings | ||
| Holdings in common | not published | |
1.6 pts ahead of VOO
OVL over 1 year: paid 9.8%, price +3.4%, total +13.7%, VOO +12.1%, +1.6 pts. Data to Nov 12, 2026.
VOO
+12.1%
OVL
+13.7%
9.8% of it arrived as cash
1.6 pts ahead of VOO
Total return, distributions reinvested
1.6 pts ahead of VOO
OVL over 1 year: paid 9.8%, price +3.4%, total +13.7%, VOO +12.1%, +1.6 pts. Data to Nov 12, 2026.
VOO
+12.1%
OVL
+13.7%
9.8% cash
1.6 pts ahead of VOO
9.8% of it arrived as cash. Total return, distributions reinvested. OVL over 1 year: paid 9.8%, price +3.4%, total +13.7%, VOO +12.1%, +1.6 pts. Data to Nov 12, 2026.
Data to Nov 12, 2026.Not measured
OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
OVQ
−2.9%
Total return, distributions reinvested
Not measured
OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
OVQ
−2.9%
0.0% of it arrived as cash. Both charts share one scale, with zero at the line. OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
Data to Nov 12, 2026.Side by side
As of Nov 12, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | OVL | OVQ | OVL | OVQ | OVL | OVQ |
| 3 months | −3.2% | – | 2.5% | – | −0.8 pts | – |
| 6 months | +0.9% | – | 5.1% | – | −0.9 pts | – |
| 1 year | +13.7% | – | 9.8% | – | +1.6 pts | – |
| 3 years | +87.4% | – | 23.6% | – | +8.6 pts | – |
| Since launchNot the same days: OVL Oct 2019 · OVQ Oct 2026 | +199.8% | −2.9% | 51.2% | 0.0% | +13.4 pts | not measured |
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OVL
Over the year to Nov 12, 2026, OVL paid 9.8% of its starting value in cash distributions while its price rose 3.4%. With every distribution reinvested, the fund returned +13.7%. Vanguard S&P 500 ETF (VOO) returned +12.1% over the same days, so a holder was ahead by 1.6 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 10.7%, paid monthly. Overlay Shares estimates that 100% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
OVQ
Over the period from its first trade on Oct 23, 2026 to Nov 12, 2026, OVQ paid 0.0% of its starting value in cash distributions while its price fell 2.9%. With every distribution reinvested, the fund returned −2.9%.
Questions people ask
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How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, OVL against OVQ, data as of Nov 12, 2026. https://etfiq.com/compare/income/ovl-vs-ovq
ETFIQ. (Nov 12, 2026). OVL against OVQ. Retrieved from https://etfiq.com/compare/income/ovl-vs-ovq
[OVL against OVQ (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/ovl-vs-ovq)
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OVL and OVQ both write options for income.