Data as of Nov 4, 2026.
OVL vs SCEP: Dividend Yield & Total Return
OVL and SCEP both write options for income.
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Net assets: $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF, and $235m on Jun 30, 2026 for STERLING CAPITAL HEDGED EQUITY PREMIUM 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%
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.Not measured
SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
SCEP
+5.3%
6.1% of it arrived as cash
Total return, distributions reinvested
Not measured
SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
SCEP
+5.3%
6.1% of it arrived as cash. Both charts share one scale, with zero at the line. SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
SCEP costs 0.14 points a year less.
Points (pts) are percentage points.
| Measure | OVL | SCEP |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +17.2% | not published |
| Price change | rose 6.6% (1 year) | fell 1.1% (6 months) |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | 100% of the Oct 5, 2026 payment |
| Against its benchmark | ||
| Benchmark | Vanguard S&P 500 ETF, measured through VOO | its own stocks |
| Cost and size | ||
| Expense ratio | 0.79% | 0.65% |
| Net assets, OVL as of Aug 31, 2026 and SCEP as of Jun 30, 2026 | $427m | $235m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Dec 19, 2025 to Oct 30, 2026 · 45 weekly returnsFrom Dec 2025 to Oct 2026, OVL returned more: +13.4% to +4.7%. SCEP fell less at its worst: −6.6% to −7.7%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | OVL | SCEP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +13.4% | +4.7% | OVL | Price change plus distributions, reinvested. |
| Price return | +3.1% | −1.0% | OVL | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −7.7% | −6.6% | SCEP | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 45 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, OVL and SCEP hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and 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 | SCEP | OVL | SCEP | OVL | SCEP |
| 3 months | −0.5% | −1.2% | 2.6% | 1.7% | −0.4 pts | +0.8 pts |
| 6 months | +4.4% | +2.4% | 5.2% | 3.5% | −0.6 pts | +0.4 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 · SCEP Dec 2025 | +204.4% | +5.3% | 51.2% | 6.1% | +14.4 pts | not measured |
– means no data for this window. Open this comparison in the app →
No client brief for this pair: ETFIQ prints no one-year total return for SCEP.
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.
SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +2.1% over the same days, so a holder was about even.
Over the 6 months to Nov 4, 2026, SCEP paid 3.5% of its starting value in cash distributions while its price fell 1.1%. With every distribution reinvested, the fund returned +2.4%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.0%, paid monthly. Sterling Capital estimates that 100% of the distribution paid Oct 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
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 SCEP, data as of Nov 4, 2026. https://etfiq.com/compare/income/ovl-vs-scep
ETFIQ. (Nov 4, 2026). OVL against SCEP. Retrieved from https://etfiq.com/compare/income/ovl-vs-scep
[OVL against SCEP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ovl-vs-scep)
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