Which is cheaper, OVL or QQDH?

OVL charges 0.79% a year and QQDH charges 0.95%, so OVL is cheaper. Fees come from each fund's prospectus.

Data as of Oct 30, 2026.

Income ETFs

OVL vs QQDH: Dividend Yield & Total Return

OVL and QQDH both write options for income.

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Net assets: $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF, beside Tuttle Capital Innovation 100 Income AND Hedge ETF.

OVL on its own →QQDH on its own →

At a glance

9.8%

OVL cash paid, 1 year

0.3%

QQDH cash paid, since launch, Oct 23, 2026

+14.1%

OVL total return, 1 year

−2.6%

QQDH total return, since launch, Oct 23, 2026

OVL · 1 year to Oct 30, 2026 1.7 pts ahead of VOO

OVL

+14.1%

VOO

+12.4%

1.7 pts ahead of VOO

OVL over 1 year: paid 9.8%, price +3.8%, total +14.1%, VOO +12.4%, +1.7 pts. Data to Oct 30, 2026.

VOO

+12.4%

OVL

+14.1%

9.8% of it arrived as cash

1.7 pts ahead of VOO

Total return, distributions reinvested

1.7 pts ahead of VOO

OVL over 1 year: paid 9.8%, price +3.8%, total +14.1%, VOO +12.4%, +1.7 pts. Data to Oct 30, 2026.

VOO

+12.4%

OVL

+14.1%

9.8% cash

1.7 pts ahead of VOO

9.8% of it arrived as cash. Total return, distributions reinvested. OVL over 1 year: paid 9.8%, price +3.8%, total +14.1%, VOO +12.4%, +1.7 pts. Data to Oct 30, 2026.

Data to Oct 30, 2026.

QQDH · since launch to Oct 30, 2026 Not measured

QQDH

−2.6%

none

Not measured

QQDH since launch: paid 0.3%, price −2.9%, total −2.6%, not measured against a benchmark. Data to Oct 30, 2026.

QQDH

−2.6%

Total return, distributions reinvested

Not measured

QQDH since launch: paid 0.3%, price −2.9%, total −2.6%, not measured against a benchmark. Data to Oct 30, 2026.

QQDH

−2.6%

0.3% of it arrived as cash. Both charts share one scale, with zero at the line. QQDH since launch: paid 0.3%, price −2.9%, total −2.6%, not measured against a benchmark. Data to Oct 30, 2026.

Data to Oct 30, 2026.

Pair scorecard

OVL costs 0.16 points a year less.

Points (pts) are percentage points.

OVL vs QQDH: Dividend Yield & Total Return
Measure	OVL	QQDH
Paid and earned
Measure	OVL	QQDH
Total return, 1 year	+14.1%	not published
Price change	rose 3.8% (1 year)	fell 2.9% (since Oct 23, 2026)
Return of capital, issuer estimate	100% of the Oct 29, 2026 payment
Against its benchmark
Measure	OVL	QQDH
Benchmark	Vanguard S&P 500 ETF, measured through VOO	not published
Cost and size
Measure	OVL	QQDH
Expense ratio	0.79%	0.95%
Net assets	$427m	not read by ETFIQ
Holdings
Measure	OVL	QQDH
Holdings in common	not published

Method

Side by side

OVL Overlay Shares Large Cap Equity ETF · Put-selling overlay on VOO, paying monthly QQDH Tuttle Capital Innovation 100 Income AND Hedge ETF · 0DTE covered call

Issuer Overlay Shares Tuttle

Strategy put-selling overlay 0DTE covered call

Benchmark Vanguard S&P 500 ETF (VOO) none

Pays monthly not established

Payout rate, annualized 10.7% 3.9%

Expense ratio 0.79% 0.95%

Cash paid, 1 year 9.8% 0.3% (since launch, Oct 23, 2026)

Price change, 1 year +3.8% −2.9% (since launch, Oct 23, 2026)

Total return, 1 year +14.1% −2.6% (since launch, Oct 23, 2026)

Benchmark return, 1 year +12.4% not published

Ahead or behind +1.7 pts not available

Return of capital, latest estimate 100% not published

Age 7.1 years 7 days

Net assets $427m not read by ETFIQ

As of Oct 30, 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

Window by window: OVL vs QQDH: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	OVL	QQDH	OVL	QQDH	OVL	QQDH
3 months	+1.3%	–	2.6%	–	−0.2 pts	–
6 months	+4.8%	–	5.3%	–	−0.7 pts	–
1 year	+14.1%	–	9.8%	–	+1.7 pts	–
3 years	+99.3%	–	25.2%	–	+11.4 pts	–
Since launchNot the same days: OVL Oct 2019 · QQDH Oct 2026	+199.6%	−2.6%	51.2%	0.3%	+13.7 pts	not measured

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Alert

About each fund

OVL

Over the year to Oct 30, 2026, OVL paid 9.8% of its starting value in cash distributions while its price rose 3.8%. With every distribution reinvested, the fund returned +14.1%. Vanguard S&P 500 ETF (VOO) returned +12.4% over the same days, so a holder was ahead by 1.7 pts. At its price on Oct 30, 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.

QQDH

Over the period from its first trade on Oct 23, 2026 to Oct 30, 2026, QQDH paid 0.3% of its starting value in cash distributions while its price fell 2.9%. With every distribution reinvested, the fund returned −2.6%. At its price on Oct 30, 2026 the latest distribution annualizes to 3.9%, paid periodically.

Questions people ask

Which is cheaper, OVL or QQDH?: OVL charges 0.79% a year and QQDH charges 0.95%, so OVL is cheaper. Fees come from each fund's prospectus.

Other comparisons

OVL vs PAPI OVL vs PCOV OVL vs RDVI OVL vs RECI QQDH vs TSPY QQDH vs XPAY QQDH vs OVLH QQDH vs XIJN

Where to next

Vanguard S&P 500 ETF (VOO) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →OVL on its own →QQDH on its own →OVL dividend history →OVL holdings →QQDH dividend history →Method →Standards and sources →

Sources and dates

OVL filings on SEC EDGAR ↗

OVL prospectus with the expense ratio (SEC) ↗

OVL 19a-1 distribution notice ↗

Overlay Shares website ↗

QQDH filings on SEC EDGAR ↗

QQDH prospectus with the expense ratio (SEC) ↗

Tuttle website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, OVL against QQDH, data as of Oct 30, 2026. https://etfiq.com/compare/income/ovl-vs-qqdh

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.