Data as of Nov 4, 2026.
OVL vs QDTY: Dividend Yield & Total Return
Over the year to Nov 4, 2026, QDTY paid 30.7% of its price in cash against OVL’s 9.9%, though OVL returned more with it reinvested.
askIQ about this page
askIQ about OVL and QDTY
Net assets: $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF, and $37m on Nov 3, 2026 for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF.
2.4 pts ahead of VOO
OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.
VOO
+14.8%
OVL
+17.2%
9.9% of it arrived as cash
2.4 pts ahead of VOO
Total return, distributions reinvested
2.4 pts ahead of VOO
OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.
VOO
+14.8%
OVL
+17.2%
9.9% cash
2.4 pts ahead of VOO
9.9% of it arrived as cash. Total return, distributions reinvested. OVL over 1 year: paid 9.9%, price +6.6%, total +17.2%, VOO +14.8%, +2.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.2.2 pts behind QQQ
QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTY
+10.1%
30.7% of it arrived as cash
2.2 pts behind QQQ
Total return, distributions reinvested
2.2 pts behind QQQ
QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTY
+10.1%
30.7% cash
2.2 pts behind QQQ
30.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
OVL costs 0.38 points a year less; their one-year returns differ by 7.1 points.
Points (pts) are percentage points.
| Measure | OVL | QDTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +17.2% | +10.1% |
| Price change, 1 year | rose 6.6% | fell 21.9% |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | 75% of the Nov 5, 2026 payment |
| Against its benchmark | ||
| Benchmark | Vanguard S&P 500 ETF, measured through VOO | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.79% | 1.17% |
| Net assets, OVL as of Aug 31, 2026 and QDTY as of Nov 3, 2026 | $427m | $37m |
| Holdings | ||
| Holdings in common | 0% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
What they share
By the books each fund has filed, OVL and QDTY hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 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 | QDTY | OVL | QDTY | OVL | QDTY |
| 3 months | −0.5% | −2.6% | 2.6% | 7.4% | −0.4 pts | +0.8 pts |
| 6 months | +4.4% | +0.6% | 5.2% | 15.2% | −0.6 pts | +1.0 pts |
| 1 year | +17.2% | +10.1% | 9.9% | 30.7% | +2.4 pts | −2.2 pts |
| 3 years | +92.6% | – | 23.9% | – | +9.3 pts | – |
| Since launchNot the same days: OVL Oct 2019 · QDTY Feb 2025 | +204.4% | +21.7% | 51.2% | 45.1% | +14.4 pts | −8.5 pts |
– means no data for this window. Open this comparison in the app →
OVL
Over the year to Nov 4, 2026, OVL paid 9.9% of its starting value in cash distributions while its price rose 6.6%. With every distribution reinvested, the fund returned +17.2%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was ahead by 2.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.6%, 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.
QDTY
Over the year to Nov 4, 2026, QDTY paid 30.7% of its starting value in cash distributions while its price fell 21.9%. With every distribution reinvested, the fund returned +10.1%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 2.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.9%, paid weekly. YieldMax estimates that 75% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, OVL against QDTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/ovl-vs-qdty
ETFIQ. (Nov 4, 2026). OVL against QDTY. Retrieved from https://etfiq.com/compare/income/ovl-vs-qdty
[OVL against QDTY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ovl-vs-qdty)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.