Data as of .
OVL vs XSHP: which paid, and which earned it?
OVL and XSHP both write options for income.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OVL | XSHP | OVL | XSHP | OVL | XSHP | |
| 3 months | +2.3% | −11.0% | 2.6% | 7.4% | 0.0 pts | −13.3 pts |
| 6 months | +18.8% | not published | 5.7% | not published | +0.7 pts | not published |
| 1 year | +19.2% | not published | 8.9% | not published | +2.6 pts | not published |
| 3 years | +86.2% | not published | 21.1% | not published | +7.8 pts | not published |
| Since launch | +203.4% | −13.1% | 47.2% | 7.3% | +16.1 pts | −16.4 pts |
| OVL Overlay Shares Large Cap Equity ETF Put-selling overlay on SPY, paying monthly | XSHP Kurv SpaceX (SPAX) Enhanced Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Overlay Shares | Kurv |
| Strategy | put-selling overlay | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as the proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.4% | 33.5% |
| Expense ratio | not published | 0.99% |
| Cash paid, 1 year | 8.9% | 7.3% (since launch on Jun 17, 2026) |
| Price change, 1 year | +9.4% | −21.8% |
| Total return, 1 year | +19.2% | −13.1% (since launch on Jun 17, 2026) |
| Benchmark return, 1 year | +16.6% | +3.3% |
| Ahead or behind | +2.6 pts | −16.4 pts |
| Return of capital, latest estimate | not published | 94% |
| Age | 2544 days | 93 days |
| Net assets | $276m | $7m |
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.
XSHP in plain words
Over the period since launch on Jun 17, 2026 to Sep 18, 2026, XSHP paid 7.3% of its starting value in cash distributions while its price fell 21.8%. With every distribution reinvested, the fund returned −13.1%. S&P 500 (SPY), used as the proxy returned +3.3% over the same days, so a holder was behind by 16.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 33.5%, paid monthly. Kurv estimates that 94% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
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 XSHP, data as of Sep 18, 2026. https://etfiq.com/compare/income/ovl-vs-xshp Free to use with attribution; the underlying files are at Open data.