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Data as of Nov 4, 2026.

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Income ETFs

OVLH vs QDTY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QDTY paid 30.7% of its price in cash against OVLH’s 0.3%, and returned more with it reinvested.

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Net assets: $109m on Aug 31, 2026 for Overlay Shares Hedged Large Cap Equity ETF, and $37m on Nov 3, 2026 for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF.

OVLH on its own →QDTY on its own →
At a glance
0.3%
OVLH cash paid, 1 year
30.7%
QDTY cash paid, 1 year
+7.0%
OVLH total return, 1 year
+10.1%
QDTY total return, 1 year
OVLH · 1 year to Nov 4, 2026 7.8 pts behind VOO
OVLH
+7.0%
VOO
+14.8%

7.8 pts behind VOO

OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

OVLH

+7.0%

7.8 pts behind VOO

Total return, distributions reinvested

7.8 pts behind VOO

OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

VOO

+14.8%

OVLH

+7.0%

7.8 pts behind VOO

0.3% of it arrived as cash. Total return, distributions reinvested. OVLH over 1 year: paid 0.3%, price +6.7%, total +7.0%, VOO +14.8%, −7.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
QDTY · 1 year to Nov 4, 2026 2.2 pts behind QQQ
QDTY
+10.1%
QQQ
+12.3%

2.2 pts behind QQQ

QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTY

+10.1%

30.7% of it arrived as cash

2.2 pts behind QQQ

Total return, distributions reinvested

2.2 pts behind QQQ

QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTY

+10.1%

30.7% as cash

2.2 pts behind QQQ

30.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

OVLH costs 0.37 points a year less; their one-year returns differ by 3.1 points.

Points (pts) are percentage points.

OVLH vs QDTY: Dividend Yield & Total Return
MeasureOVLHQDTY
Paid and earned
Total return, 1 year+7.0%+10.1%
Price change, 1 yearrose 6.7%fell 21.9%
Return of capital, issuer estimate38% of the Dec 29, 2023 payment75% of the Nov 5, 2026 payment
Against its benchmark
BenchmarkVanguard S&P 500 ETF, measured through VOONasdaq-100, measured through QQQ
Cost and size
Expense ratio0.80%1.17%
Net assets, OVLH as of Aug 31, 2026 and QDTY as of Nov 3, 2026$109m$37m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · OVLH scores higher How much of what it paid out did its total return cover?
IQ Income Score99.7OVLH27.8QDTY

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

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

0%

By the books each fund has filed, OVLH and QDTY hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OVLH QDTY
Only in one fund ↓
Only in OVLH
Vanguard S&P 500 ETF 97.79%
Only in QDTY
NDX 12/18/2026 1001.26 C 95.10%
XND 12/18/2026 10.02 C 0.73%
United States Treasury Note/Bond 3.375% 09/15/2027 0.05%
Check overlap with more funds →

Side by side

OVLH Overlay Shares Hedged Large Cap Equity ETF · Put-selling overlay, hedged on VOO, paying annually QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF · 0DTE covered call on QQQ, paying weekly
Issuer Overlay Shares YieldMax
Strategy put-selling overlay, hedged 0DTE covered call
Benchmark Vanguard S&P 500 ETF (VOO) Nasdaq-100 (QQQ)
Pays annual weekly
Payout rate, annualized 0.3% 30.9%
Expense ratio 0.80% 1.17%
Cash paid, 1 year 0.3% 30.7%
Price change, 1 year +6.7% −21.9%
Total return, 1 year +7.0% +10.1%
Benchmark return, 1 year +14.8% +12.3%
Ahead or behind −7.8 pts −2.2 pts
Return of capital, latest estimate 38% 75%
Age 5.8 years 1.7 years
Net assets, OVLH as of Aug 31, 2026 and QDTY as of Nov 3, 2026 $109m $37m

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

Window by window: OVLH vs QDTY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowOVLHQDTYOVLHQDTYOVLHQDTY
3 months−1.4%−2.6%0.0%7.4%−1.3 pts+0.8 pts
6 months+1.6%+0.6%0.0%15.2%−3.5 pts+1.0 pts
1 year+7.0%+10.1%0.3%30.7%−7.8 pts−2.2 pts
3 years+58.6%–1.7%–−24.8 pts–
Since launchNot the same days: OVLH Jan 2021 · QDTY Feb 2025+73.9%+21.7%3.2%45.1%−47.2 pts−8.5 pts

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About each fund
OVLH

Over the year to Nov 4, 2026, OVLH paid 0.3% of its starting value in cash distributions while its price rose 6.7%. With every distribution reinvested, the fund returned +7.0%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 7.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 0.3%, paid annually. Overlay Shares estimates that 38% of the distribution paid Dec 29, 2023 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

QDTY

Over the year to Nov 4, 2026, QDTY paid 30.7% of its starting value in cash distributions while its price fell 21.9%. With every distribution reinvested, the fund returned +10.1%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 2.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.9%, paid weekly. YieldMax estimates that 75% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, OVLH or QDTY?
Over the year to Nov 4, 2026, OVLH paid 0.3% of its starting price in cash and QDTY paid 30.7%, so QDTY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, OVLH or QDTY?
With every distribution reinvested, OVLH returned +7.0% and QDTY +10.1% over the year to Nov 4, 2026.
Which is cheaper, OVLH or QDTY?
OVLH charges 0.80% a year and QDTY charges 1.17%, so OVLH is cheaper. Fees come from each fund's prospectus.
Other comparisons
OVLH vs QDTEOVLH vs ACQQOVLH vs BALQOVLH vs QLDYQDTY vs XIJNQDTY vs SDTYQDTY vs XISEQDTY vs XIMR
Where to next
Vanguard S&P 500 ETF (VOO) →Nasdaq-100 (QQQ) →OVLH on its own →QDTY on its own →OVLH dividend history →OVLH holdings →QDTY dividend history →QDTY holdings →Method →Standards and sources →
Sources and dates
OVLH filings on SEC EDGAR ↗
OVLH prospectus with the expense ratio (SEC) ↗
OVLH 19a-1 distribution notice ↗
Overlay Shares website ↗
QDTY filings on SEC EDGAR ↗
QDTY prospectus with the expense ratio (SEC) ↗
QDTY 19a-1 distribution notice ↗
YieldMax page for QDTY ↗

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, OVLH against QDTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/ovlh-vs-qdty

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