Which paid more, OVL or SIXH?

Over the year to Nov 4, 2026, OVL paid 9.9% of its starting price in cash and SIXH paid 2.1%, 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 SIXH?

With every distribution reinvested, OVL returned +17.2% and SIXH +23.5% over the year to Nov 4, 2026.

Which is cheaper, OVL or SIXH?

OVL charges 0.79% a year and SIXH charges 0.69%, so SIXH is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

OVL vs SIXH: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OVL paid 9.9% of its price in cash against SIXH’s 2.1%, though SIXH returned more with it reinvested.

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Net assets on Aug 31, 2026: $427m for Overlay Shares Large Cap Equity ETF and $603m for ETC 6 Meridian Hedged Equity-Index Option Strategy ETF.

OVL on its own →SIXH on its own →

At a glance

9.9%

OVL cash paid, 1 year

2.1%

SIXH cash paid, 1 year

+17.2%

OVL total return, 1 year

+23.5%

SIXH total return, 1 year

OVL · 1 year to Nov 4, 2026 2.4 pts ahead of VOO

OVL

+17.2%

VOO

+14.8%

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.

SIXH · 1 year to Nov 4, 2026 5.5 pts ahead of its own holdings

SIXH

+23.5%

Own

+18.0%

5.5 pts ahead of its own holdings

SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

its own holdings

+18.0%

SIXH

+23.5%

5.5 pts ahead of its own holdings

Total return, distributions reinvested

5.5 pts ahead of its own holdings

SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

its own holdings

+18.0%

SIXH

+23.5%

2.1% of it arrived as cash. Both charts share one scale, 0 to +23.5%. SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +23.5%. Data to Nov 4, 2026.

Pair scorecard

SIXH costs 0.10 points a year less; their one-year returns differ by 6.3 points; SIXH is 1.4 times larger.

Points (pts) are percentage points.

OVL vs SIXH: Dividend Yield & Total Return
Measure	OVL	SIXH
Paid and earned
Measure	OVL	SIXH
Total return, 1 year	+17.2%	+23.5%
Price change, 1 year	rose 6.6%	rose 21.2%
Return of capital, issuer estimate	100% of the Oct 29, 2026 payment
Against its benchmark
Measure	OVL	SIXH
Benchmark	Vanguard S&P 500 ETF, measured through VOO	its own holdings
Cost and size
Measure	OVL	SIXH
Expense ratio	0.79%	0.69%
Net assets, as of Aug 31, 2026	$427m	$603m
Holdings
Measure	OVL	SIXH
Holdings in common	0%

ETFIQ Distribution Coverage Score · SIXH scores higher How much of what it paid out did its total return cover?

IQ Income Score81.7OVL98.5SIXH

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

OVL 81.7

SIXH 98.5

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

May 22, 2020 to Oct 30, 2026 · 336 weekly returns

OVL SIXH

Return

Total return edge OVL +196.1% +106.0%

Annualized edge OVL +18.3% +11.8%

Price return edge OVL +122.4% +81.7%

Risk

Volatility edge SIXH 18.1% 9.5%

Max drawdown edge SIXH −28.2% −10.8%

Risk-adjusted

Sharpe edge SIXH (slight) 0.85 0.90

Sortino edge SIXH (slight) 1.29 1.37

Calmar edge SIXH 0.65 1.09

Reading

From May 2020 to Oct 2026, OVL returned more: +196.1% to +106.0%. SIXH swung less: 9.5% to 18.1%. SIXH fell less at its worst: −10.8% to −28.2%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: OVL vs SIXH: Dividend Yield & Total Return
Measure	OVL	SIXH	Edge	How it is measured
Return
Total return	+196.1%	+106.0%	OVL	Price change plus distributions, reinvested.
Annualized	+18.3%	+11.8%	OVL	Total return as a yearly rate.
Price return	+122.4%	+81.7%	OVL	Price change alone, distributions left out.
Risk
Volatility	18.1%	9.5%	SIXH	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	11.9%	6.3%	SIXH	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−28.2%	−10.8%	SIXH	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.85	0.90	SIXH (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.29	1.37	SIXH (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.65	1.09	SIXH	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 336 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, OVL and SIXH hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OVL SIXH

Only in one fund ↓

Only in OVL

Vanguard S&P 500 ETF 99.97%

Only in SIXH

SPDR S&P 500 ETF Trust 4.95%

Altria Group, Inc. 4.90%

AT&T INC. 4.08%

VERIZON COMMUNICATIONS INC. 3.92%

PEPSICO, INC. 3.69%

Philip Morris International Inc. 3.60%

MICRON TECHNOLOGY, INC. 2.85%

QUALCOMM INCORPORATED 2.82%

Check overlap with more funds →

Side by side

OVL Overlay Shares Large Cap Equity ETF · Put-selling overlay on VOO, paying monthly SIXH ETC 6 Meridian Hedged Equity-Index Option Strategy ETF · Option income on its own holdings, paying monthly

Issuer Overlay Shares Exchange Traded Concepts

Strategy put-selling overlay option income

Benchmark Vanguard S&P 500 ETF (VOO) SIXH's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Aug 31, 2026)

Pays monthly monthly

Payout rate, annualized 10.6% 3.2%

Expense ratio 0.79% 0.69%

Cash paid, 1 year 9.9% 2.1%

Price change, 1 year +6.6% +21.2%

Total return, 1 year +17.2% +23.5%

Benchmark return, 1 year +14.8% +18.0%

Ahead or behind +2.4 pts +5.5 pts

Return of capital, latest estimate 100% not published

Age 7.1 years 6.5 years

Net assets, as of Aug 31, 2026 $427m $603m

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

Window by window: OVL vs SIXH: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	OVL	SIXH	OVL	SIXH	OVL	SIXH
3 months	−0.5%	+6.0%	2.6%	0.5%	−0.4 pts	+1.8 pts
6 months	+4.4%	+10.3%	5.2%	1.0%	−0.6 pts	+3.5 pts
1 year	+17.2%	+23.5%	9.9%	2.1%	+2.4 pts	+5.5 pts
3 years	+92.6%	+47.6%	23.9%	6.8%	+9.3 pts	not measured
Since launchNot the same days: OVL Oct 2019 · SIXH May 2020	+204.4%	+104.1%	51.2%	16.7%	+14.4 pts	not measured

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About each fund

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.

SIXH

Over the year to Nov 4, 2026, SIXH paid 2.1% of its starting value in cash distributions while its price rose 21.2%. With every distribution reinvested, the fund returned +23.5%. SIXH's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Aug 31, 2026) returned +18.0% over the same days, so a holder was ahead by 5.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.2%, paid monthly.

Questions people ask

Which paid more, OVL or SIXH?: Over the year to Nov 4, 2026, OVL paid 9.9% of its starting price in cash and SIXH paid 2.1%, 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 SIXH?: With every distribution reinvested, OVL returned +17.2% and SIXH +23.5% over the year to Nov 4, 2026.
Which is cheaper, OVL or SIXH?: OVL charges 0.79% a year and SIXH charges 0.69%, so SIXH is cheaper. Fees come from each fund's prospectus.

Other comparisons

OVL vs ULTY OVL vs YYY OVL vs YMAG OVL vs KYLD SIXH vs TSPY SIXH vs XPAY SIXH vs OVLH SIXH vs XIJN

Where to next

Vanguard S&P 500 ETF (VOO) →OVL on its own →SIXH on its own →OVL dividend history →OVL holdings →SIXH dividend history →SIXH holdings →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 ↗

SIXH filings on SEC EDGAR ↗

SIXH prospectus with the expense ratio (SEC) ↗

Exchange Traded Concepts website ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

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 SIXH, data as of Nov 4, 2026. https://etfiq.com/compare/income/ovl-vs-sixh

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