Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

OVL vs VOOY: which paid, and which earned it?

OVL and VOOY both write options for income.

Overlay Shares Large Cap Equity ETF and XFUNDS Large Cap Income ETF.

8.9%OVL cash paid, 1 year
0.0%VOOY cash paid, 1 year
+19.2%OVL total return, 1 year
−0.3%VOOY total return, 1 year
OVL2.6 pts ahead of SPY · 1 year to Sep 18, 2026
SPY+16.6%OVL+19.2%8.9% of it arrived as cash2.6 pts ahead of SPYTotal return, distributions reinvestedSPY+16.6%OVL+19.2%2.6 pts ahead of SPY
VOOYAbout even with SPY · since launch to Sep 18, 2026
SPY−0.2%VOOY−0.3%about even with SPYTotal return, distributions reinvestedSPY−0.2%VOOY−0.3%about even with SPY

Performance, window by window

OVL and VOOY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
OVLVOOYOVLVOOYOVLVOOY
3 months+2.3%not published2.6%not published0.0 ptsnot published
6 months+18.8%not published5.7%not published+0.7 ptsnot published
1 year+19.2%not published8.9%not published+2.6 ptsnot published
3 years+86.2%not published21.1%not published+7.8 ptsnot published
Since launch+203.4%−0.3%47.2%0.0%+16.1 pts0.0 pts
Open the live comparison on ETFIQ
OVL and VOOY on the same fields, as of Sep 18, 2026. Source: ETFIQ.
OVL
Overlay Shares Large Cap Equity ETF
Put-selling overlay on SPY, paying monthly
VOOY
XFUNDS Large Cap Income ETF
Option income on SPY
IssuerOverlay SharesXFUNDS
Strategyput-selling overlayoption income
BenchmarkS&P 500 (SPY)S&P 500 (SPY)
Paysmonthlynot established
Payout rate, annualized10.4%not published
Expense rationot publishednot published
Cash paid, 1 year8.9%0.0% (since launch on Sep 2, 2026)
Price change, 1 year+9.4%−0.3%
Total return, 1 year+19.2%−0.3% (since launch on Sep 2, 2026)
Benchmark return, 1 year+16.6%−0.2%
Ahead or behind+2.6 pts0.0 pts
Return of capital, latest estimatenot publishednot published
Age2544 days16 days
Net assets$276mnot published

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.

VOOY in plain words

Over the period since launch on Sep 2, 2026 to Sep 18, 2026, VOOY paid 0.0% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned −0.3%. S&P 500 (SPY) returned −0.2% over the same days, so a holder was about even.

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.

OVL against VOOY, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, OVL against VOOY, data as of Sep 18, 2026. https://etfiq.com/compare/income/ovl-vs-vooy Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources