Data as of Nov 4, 2026.
OVL vs QVOL: Dividend Yield & Total Return
OVL and QVOL both write options for income.
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Net assets on Aug 31, 2026: $427m for Overlay Shares Large Cap Equity ETF and $49m for Infrastructure Capital Nasdaq Option Income 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%
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, 2026.7 pts behind ONEQ
QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.
ONEQ
−0.8%
QVOL
−7.8%
7 pts behind ONEQ
Total return, distributions reinvested
7 pts behind ONEQ
QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.
ONEQ
−0.8%
QVOL
−7.8%
7 pts behind ONEQ
6.4% of it arrived as cash. Both charts share one scale, with zero at the line. QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
OVL costs 0.03 points a year less; OVL is 8.7 times larger.
Points (pts) are percentage points.
| Measure | OVL | QVOL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +17.2% | not published |
| Price change | rose 6.6% (1 year) | fell 13.6% (since May 12, 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 | Fidelity Nasdaq Composite Index ETF, measured through ONEQ |
| Against its benchmark, same days | ahead by 2.4 pts | behind by 7.0 pts |
| Cost and size | ||
| Expense ratio | 0.79% | 0.82% |
| Net assets, as of Aug 31, 2026 | $427m | $49m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, OVL and QVOL hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 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 | QVOL | OVL | QVOL | OVL | QVOL |
| 3 months | −0.5% | −12.2% | 2.6% | 3.2% | −0.4 pts | −10.0 pts |
| 6 months | +4.4% | – | 5.2% | – | −0.6 pts | – |
| 1 year | +17.2% | – | 9.9% | – | +2.4 pts | – |
| 3 years | +92.6% | – | 23.9% | – | +9.3 pts | – |
| Since launchNot the same days: OVL Oct 2019 · QVOL May 2026 | +204.4% | −7.8% | 51.2% | 6.4% | +14.4 pts | −7.0 pts |
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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.
QVOL
Over the period from its first trade on May 12, 2026 to Nov 4, 2026, QVOL paid 6.4% of its starting value in cash distributions while its price fell 13.6%. With every distribution reinvested, the fund returned −7.8%. Fidelity Nasdaq Composite Index ETF (ONEQ) returned −0.8% over the same days, so a holder was behind by 7.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.3%, paid monthly.
Questions people ask
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How this is computed
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 QVOL, data as of Nov 4, 2026. https://etfiq.com/compare/income/ovl-vs-qvol
ETFIQ. (Nov 4, 2026). OVL against QVOL. Retrieved from https://etfiq.com/compare/income/ovl-vs-qvol
[OVL against QVOL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ovl-vs-qvol)
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