Data as of Nov 4, 2026.
OVL vs XQQI: Dividend Yield & Total Return
OVL and XQQI both write options for income.
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Net assets: $427m on Aug 31, 2026 for Overlay Shares Large Cap Equity ETF, and $408m on Oct 28, 2026 for NEOS Boosted Nasdaq-100 High 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, 2026.4.9 pts behind QQQ
XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.
QQQ
+12.6%
XQQI
+7.7%
17.0% of it arrived as cash
4.9 pts behind QQQ
Total return, distributions reinvested
4.9 pts behind QQQ
XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.
QQQ
+12.6%
XQQI
+7.7%
4.9 pts behind QQQ
17.0% of it arrived as cash. Both charts share one scale, with zero at the line. XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
OVL costs 0.19 points a year less.
Points (pts) are percentage points.
| Measure | OVL | XQQI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +17.2% | not published |
| Price change | rose 6.6% (1 year) | fell 9.2% (since Feb 3, 2026) |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | 100% of the Oct 9, 2026 payment |
| Against its benchmark | ||
| Benchmark | Vanguard S&P 500 ETF, measured through VOO | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.79% | 0.98% |
| Net assets, OVL as of Aug 31, 2026 and XQQI as of Oct 28, 2026 | $427m | $408m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Feb 13, 2026 to Oct 30, 2026 · 37 weekly returnsFrom Feb 2026 to Oct 2026, OVL returned more: +12.8% to +10.2%. OVL fell less at its worst: −7.3% to −10.8%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | OVL | XQQI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +12.8% | +10.2% | OVL | Price change plus distributions, reinvested. |
| Price return | +4.3% | −3.8% | OVL | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −7.3% | −10.8% | OVL | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 37 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, OVL and XQQI 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 | XQQI | OVL | XQQI | OVL | XQQI |
| 3 months | −0.5% | −4.1% | 2.6% | 5.0% | −0.4 pts | −0.6 pts |
| 6 months | +4.4% | −3.0% | 5.2% | 10.0% | −0.6 pts | −2.6 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 · XQQI Feb 2026 | +204.4% | +7.7% | 51.2% | 17.0% | +14.4 pts | −4.9 pts |
– 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 XQQI.
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.
XQQI
Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XQQI paid 17.0% of its starting value in cash distributions while its price fell 9.2%. With every distribution reinvested, the fund returned +7.7%. Nasdaq-100 (QQQ) returned +12.6% over the same days, so a holder was behind by 4.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 20.2%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 9, 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 XQQI, data as of Nov 4, 2026. https://etfiq.com/compare/income/ovl-vs-xqqi
ETFIQ. (Nov 4, 2026). OVL against XQQI. Retrieved from https://etfiq.com/compare/income/ovl-vs-xqqi
[OVL against XQQI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ovl-vs-xqqi)
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