Data as of .
OVL vs YSPC: which paid, and which earned it?
OVL and YSPC both write options for income.
What they hold in common
By the books each fund has filed, OVL and YSPC hold 0% of their money in the same securities at the same weight.
| Only in OVL | Only in YSPC |
|---|---|
| Vanguard S&P 500 ETF 100.00% | United States Treasury Bill 07/08/2027 43.24% |
| United States Treasury Bill 02/18/2027 34.02% | |
| United States Treasury Note/Bond 2.375% 05/15/2027 16.09% | |
| SPCX 10/16/2026 150.01 C 6.39% | |
| First American Government Obligations Fund 12/01/2031 5.82% | |
| SPACE EX CLL OPT 09/26 162.500 0.62% | |
| SPACE EX CLL OPT 09/26 157.500 0.07% | |
| SPACE EX CLL OPT 09/26 152.500 -0.15% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OVL | YSPC | OVL | YSPC | OVL | YSPC | |
| 3 months | +2.3% | not published | 2.6% | not published | 0.0 pts | not published |
| 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% | +6.4% | 47.2% | 10.9% | +16.1 pts | +5.3 pts |
| OVL Overlay Shares Large Cap Equity ETF Put-selling overlay on SPY, paying monthly | YSPC YieldMax(R) [SpaceX] Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | Overlay Shares | YieldMax |
| Strategy | put-selling overlay | synthetic covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as the proxy |
| Pays | monthly | weekly |
| Payout rate, annualized | 10.4% | 63.0% |
| Expense ratio | not published | 1.01% |
| Cash paid, 1 year | 8.9% | 10.9% (since launch on Jul 15, 2026) |
| Price change, 1 year | +9.4% | −5.3% |
| Total return, 1 year | +19.2% | +6.4% (since launch on Jul 15, 2026) |
| Benchmark return, 1 year | +16.6% | +1.2% |
| Ahead or behind | +2.6 pts | +5.3 pts |
| Return of capital, latest estimate | not published | 0% |
| Age | 2544 days | 65 days |
| Net assets | $276m | $32m |
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.
YSPC in plain words
Over the period since launch on Jul 15, 2026 to Sep 18, 2026, YSPC paid 10.9% of its starting value in cash distributions while its price fell 5.3%. With every distribution reinvested, the fund returned +6.4%. S&P 500 (SPY), used as the proxy returned +1.2% over the same days, so a holder was ahead by 5.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 63.0%, paid weekly. YieldMax estimates that 0% of the distribution paid Sep 18, 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 YSPC, data as of Sep 18, 2026. https://etfiq.com/compare/income/ovl-vs-yspc Free to use with attribution; the underlying files are at Open data.