Data as of .
OVL vs QVOL: which paid, and which earned it?
OVL and QVOL both write options for income.
What they hold in common
By the books each fund has filed, OVL and QVOL hold 0% of their money in the same securities at the same weight.
| Only in OVL | Only in QVOL |
|---|---|
| Vanguard S&P 500 ETF 100.00% | NVIDIA Corp 8.53% |
| Amazon.com Inc 7.61% | |
| Advanced Micro Devices Inc 6.17% | |
| Microsoft Corp 5.05% | |
| Alphabet Inc 4.70% | |
| Alphabet Inc 4.69% | |
| Micron Technology Inc 4.53% | |
| Marvell Technology Inc 4.30% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OVL | QVOL | OVL | QVOL | OVL | QVOL | |
| 3 months | +2.3% | −3.7% | 2.6% | 3.0% | 0.0 pts | −1.2 pts |
| 6 months | +18.8% | not published | 5.7% | not published | +0.7 pts | not published |
| 1 year | +19.2% | not published | 8.9% | not published | +2.6 pts | not published |
| 3 years | +86.2% | not published | 21.1% | not published | +7.8 pts | not published |
| Since launch | +203.4% | +4.3% | 47.2% | 4.2% | +16.1 pts | +2.1 pts |
| OVL Overlay Shares Large Cap Equity ETF Put-selling overlay on SPY, paying monthly | QVOL Infrastructure Capital Nasdaq Option Income ETF Option income on QQQ, paying monthly | |
|---|---|---|
| Issuer | Overlay Shares | Infrastructure Capital |
| Strategy | put-selling overlay | option income |
| Benchmark | S&P 500 (SPY) | Nasdaq-100 (QQQ) |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.4% | 12.6% |
| Expense ratio | not published | 0.82% |
| Cash paid, 1 year | 8.9% | 4.2% (since launch on May 12, 2026) |
| Price change, 1 year | +9.4% | 0.0% |
| Total return, 1 year | +19.2% | +4.3% (since launch on May 12, 2026) |
| Benchmark return, 1 year | +16.6% | +2.1% |
| Ahead or behind | +2.6 pts | +2.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 2544 days | 129 days |
| Net assets | $276m | $8m |
OVL in plain words
Over the year to Sep 18, 2026, OVL paid 8.9% of its starting value in cash distributions while its price rose 9.4%. With every distribution reinvested, the fund returned +19.2%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 2.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 10.4%, paid monthly.
QVOL in plain words
Over the period since launch on May 12, 2026 to Sep 18, 2026, QVOL paid 4.2% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned +4.3%. Nasdaq-100 (QQQ) returned +2.1% over the same days, so a holder was ahead by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.6%, paid monthly.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, OVL against QVOL, data as of Sep 18, 2026. https://etfiq.com/compare/income/ovl-vs-qvol Free to use with attribution; the underlying files are at Open data.