Data as of Nov 4, 2026.
OVL vs XIJN: Dividend Yield & Total Return
Over the year to Nov 4, 2026, OVL paid 9.9% of its price in cash against XIJN’s 6.9%, and returned more with it reinvested.
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Net assets: $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF, and $50m on Nov 3, 2026 for FT Vest U.S. Equity Buffer & Premium Income ETF - June.
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, 2026.8 pts behind VOO
XIJN over 1 year: paid 6.9%, price −0.3%, total +6.8%, VOO +14.8%, −8.0 pts. Data to Nov 4, 2026.
VOO
+14.8%
XIJN
+6.8%
6.9% of it arrived as cash
8 pts behind VOO
Total return, distributions reinvested
8 pts behind VOO
XIJN over 1 year: paid 6.9%, price −0.3%, total +6.8%, VOO +14.8%, −8.0 pts. Data to Nov 4, 2026.
VOO
+14.8%
XIJN
+6.8%
8 pts behind VOO
6.9% of it arrived as cash. Both charts share one scale, with zero at the line. XIJN over 1 year: paid 6.9%, price −0.3%, total +6.8%, VOO +14.8%, −8.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
OVL costs 0.06 points a year less; their one-year returns differ by 10.4 points.
Points (pts) are percentage points.
| Measure | OVL | XIJN |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +17.2% | +6.8% |
| Price change, 1 year | rose 6.6% | fell 0.3% |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | 95% of the Nov 3, 2026 payment |
| Against its benchmark | ||
| Benchmark | Vanguard S&P 500 ETF, measured through VOO | Vanguard S&P 500 ETF, measured through VOO |
| Against its benchmark, same days | ahead by 2.4 pts | behind by 8.0 pts |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, OVL as of Aug 31, 2026 and XIJN as of Nov 3, 2026 | $427m | $50m |
| Holdings | ||
| Holdings in common | 0% | |
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
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 →
Risk and return
Jul 5, 2024 to Oct 30, 2026 · 121 weekly returns · each against VOOFrom Jul 2024 to Oct 2026, OVL returned more: +41.5% to +16.5%. XIJN swung less: 3.1% to 16.8%. XIJN fell less at its worst: −3.0% to −19.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | OVL | XIJN | VOO | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +41.5% | +16.5% | OVL | Price change plus distributions, reinvested. | |
| Annualized | +16.1% | +6.8% | OVL | Total return as a yearly rate. | |
| Price return | +23.5% | +0.2% | OVL | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 16.8% | 3.1% | XIJN | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 11.1% | 2.3% | XIJN | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −19.1% | −3.0% | XIJN | Deepest fall from a high to the low after it. | |
| Upside capture | 121.6% | 12.8% | 100.0% | OVL | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 111.6% | 9.7% | 100.0% | XIJN | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.12 | 0.17 | 1.00 | XIJN lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.68 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.73 | 0.79 | XIJN (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.10 | 1.05 | OVL (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.108 | 0.142 | 0.114 | XIJN | Return above Treasury bills per unit of beta. |
| Calmar | 0.84 | 2.27 | XIJN | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | VOO | VOO | VOO | The ETF each fund is measured against. | |
| Alpha | −0.7% a year | +0.5% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.58 | 0.41 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.0% to +1.6% | −1.8% to +2.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.29 | −0.72 | OVL | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.5% | 12.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 121 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, OVL and XIJN hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 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 | XIJN | OVL | XIJN | OVL | XIJN |
| 3 months | −0.5% | +1.4% | 2.6% | 1.7% | −0.4 pts | +1.6 pts |
| 6 months | +4.4% | +3.2% | 5.2% | 3.4% | −0.6 pts | −1.8 pts |
| 1 year | +17.2% | +6.8% | 9.9% | 6.9% | +2.4 pts | −8.0 pts |
| 3 years | +92.6% | – | 23.9% | – | +9.3 pts | – |
| Since launchNot the same days: OVL Oct 2019 · XIJN Jun 2024 | +204.4% | +17.7% | 51.2% | 15.8% | +14.4 pts | −27.5 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.
XIJN
Over the year to Nov 4, 2026, XIJN paid 6.9% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +6.8%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 8.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.7%, paid monthly. First Trust estimates that 95% of the distribution paid Nov 3, 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
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.
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ETFIQ, OVL against XIJN, data as of Nov 4, 2026. https://etfiq.com/compare/income/ovl-vs-xijn
ETFIQ. (Nov 4, 2026). OVL against XIJN. Retrieved from https://etfiq.com/compare/income/ovl-vs-xijn
[OVL against XIJN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ovl-vs-xijn)
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