Data as of .
OVL vs SEPI: which paid, and which earned it?
Over the year OVL paid 8.9% of its price in cash against SEPI’s 7.5%, though SEPI returned more with it reinvested.
ETFIQ Return Stability Score: SEPI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, OVL and SEPI hold 0% of their money in the same securities at the same weight.
| Only in OVL | Only in SEPI |
|---|---|
| Vanguard S&P 500 ETF 100.00% | ADVANCED MICRO DEVICES INC 7.54% |
| CATERPILLAR INC 7.20% | |
| MICRON TECHNOLOGY INC 6.53% | |
| APPLE INC 5.24% | |
| ALPHABET INC 4.68% | |
| NVIDIA CORP 4.04% | |
| GOLDMAN SACHS GROUP INC (THE) 3.91% | |
| MICROSOFT CORP 3.42% |
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 Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OVL | SEPI | OVL | SEPI | OVL | SEPI | |
| 3 months | +2.3% | +5.4% | 2.6% | 2.1% | 0.0 pts | +3.2 pts |
| 6 months | +18.8% | +20.5% | 5.7% | 4.7% | +0.7 pts | +2.5 pts |
| 1 year | +19.2% | +21.8% | 8.9% | 7.5% | +2.6 pts | +5.2 pts |
| 3 years | +86.2% | not published | 21.1% | not published | +7.8 pts | not published |
| Since launch | +203.4% | +24.4% | 47.2% | 7.7% | +16.1 pts | +5.4 pts |
| OVL Overlay Shares Large Cap Equity ETF Put-selling overlay on SPY, paying monthly | SEPI Shelton Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Overlay Shares | Shelton |
| Strategy | put-selling overlay | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.4% | 8.3% |
| Expense ratio | not published | 0.54% |
| Cash paid, 1 year | 8.9% | 7.5% |
| Price change, 1 year | +9.4% | +13.4% |
| Total return, 1 year | +19.2% | +21.8% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | +2.6 pts | +5.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 2544 days | 375 days |
| Net assets | $276m | $152m |
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.
SEPI in plain words
Over the year to Sep 18, 2026, SEPI paid 7.5% of its starting value in cash distributions while its price rose 13.4%. With every distribution reinvested, the fund returned +21.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.3%, paid monthly.
Questions people ask
- Which paid more, OVL or SEPI?
- Over the year to Sep 18, 2026, OVL paid 8.9% of its starting price in cash and SEPI paid 7.5%, so OVL paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, OVL or SEPI?
- With every distribution reinvested, OVL returned +19.2% and SEPI returned +21.8% over the year to Sep 18, 2026, so SEPI returned more.
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 SEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/ovl-vs-sepi Free to use with attribution; the underlying files are at Open data.