Which paid more, OVLH or QXQ?

Over the year to Nov 12, 2026, OVLH paid 0.3% of its starting price in cash and QXQ paid 15.1%, so QXQ 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 QXQ?

With every distribution reinvested, OVLH returned +5.4% and QXQ +12.1% over the year to Nov 12, 2026.

Which is cheaper, OVLH or QXQ?

OVLH charges 0.80% a year and QXQ charges 0.98%, so OVLH is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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OVLH vs QXQ: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+6.7 pts

1 year to Nov 12, 2026: QXQ ahead, total return

Fee gap

0.18 pts

A year: OVLH 0.80%, QXQ 0.98%, per filings dated Dec 23, 2025 and Jan 5, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

OVLH costs 0.18 points a year less; their one-year returns differ by 6.7 points; OVLH is 1.3 times larger.

Points (pts) are percentage points.

OVLH vs QXQ: Dividend Yield & Total Return
Measure	OVLH	QXQ
Paid and earned
Measure	OVLH	QXQ
Total return, 1 year	+5.4%	+12.1%
Price change, 1 year	rose 5.1%	fell 4.7%
Return of capital, issuer estimate	38% of the Dec 29, 2023 payment
Against its benchmark
Measure	OVLH	QXQ
Benchmark	Vanguard S&P 500 ETF, measured through VOO	Nasdaq-100, measured through QQQ
Cost and size
Measure	OVLH	QXQ
Expense ratio	0.80%	0.98%
Net assets, as of Aug 31, 2026	$109m	$82m
Holdings
Measure	OVLH	QXQ
Holdings in common	not published

ETFIQ Distribution Coverage Score · OVLH scores higher How much of what it paid out did its total return cover?

IQ Income Score99.7OVLH52QXQ

How much of its payouts the fund's total return covered, ranked against 171 income ETFs not writing on a single company. 100 is best. How it is computed

OVLH 99.7

QXQ 52

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

Key numbers

0.3%

OVLH cash paid, 1 year

15.1%

QXQ cash paid, 1 year

+5.4%

OVLH total return, 1 year

+12.1%

QXQ total return, 1 year

OVLH · 1 year to Nov 12, 2026 6.7 pts behind VOO

OVLH

+5.4%

VOO

+12.1%

6.7 pts behind VOO

OVLH over 1 year: paid 0.3%, price +5.1%, total +5.4%, VOO +12.1%, −6.7 pts. Data to Nov 12, 2026.

VOO

+12.1%

OVLH

+5.4%

6.7 pts behind VOO

Total return, distributions reinvested

6.7 pts behind VOO

OVLH over 1 year: paid 0.3%, price +5.1%, total +5.4%, VOO +12.1%, −6.7 pts. Data to Nov 12, 2026.

VOO

+12.1%

OVLH

+5.4%

6.7 pts behind VOO

0.3% of it arrived as cash. Total return, distributions reinvested. OVLH over 1 year: paid 0.3%, price +5.1%, total +5.4%, VOO +12.1%, −6.7 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

QXQ · 1 year to Nov 12, 2026 0.8 pts ahead of QQQ

QXQ

+12.1%

QQQ

+11.3%

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% of it arrived as cash

0.8 pts ahead of QQQ

Total return, distributions reinvested

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% as cash

0.8 pts ahead of QQQ

15.1% of it arrived as cash. Both charts share one scale, with zero at the line. QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

OVLH Overlay Shares Hedged Large Cap Equity ETF · Put-selling overlay, hedged on VOO, paying annually QXQ SGI Enhanced Nasdaq-100 ETF · Covered call on QQQ, paying quarterly

Issuer Overlay Shares SGI

Strategy put-selling overlay, hedged covered call

Benchmark Vanguard S&P 500 ETF (VOO) Nasdaq-100 (QQQ)

Pays annual quarterly

Payout rate, annualized 0.3% 1.0%

Expense ratio 0.80% 0.98%

Cash paid, 1 year 0.3% 15.1%

Price change, 1 year +5.1% −4.7%

Total return, 1 year +5.4% +12.1%

Benchmark return, 1 year +12.1% +11.3%

Ahead or behind −6.7 pts +0.8 pts

Return of capital, latest estimate 38% not published

Age 5.8 years 2.4 years

Net assets, as of Aug 31, 2026 $109m $82m

As of Nov 12, 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 QXQ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	OVLH	QXQ	OVLH	QXQ	OVLH	QXQ
3 months	−3.0%	−5.4%	0.0%	0.2%	−0.6 pts	+0.5 pts
6 months	−0.8%	−3.8%	0.0%	0.5%	−2.5 pts	+0.4 pts
1 year	+5.4%	+12.1%	0.3%	15.1%	−6.6 pts	+0.8 pts
3 years	+55.6%	–	1.7%	–	−23.2 pts	–
Since launchNot the same days: OVLH Jan 2021 · QXQ Jun 2024	+72.3%	+47.7%	3.2%	22.8%	−46.0 pts	+2.2 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

OVLH

Over the year to Nov 12, 2026, OVLH paid 0.3% of its starting value in cash distributions while its price rose 5.1%. With every distribution reinvested, the fund returned +5.4%. Vanguard S&P 500 ETF (VOO) returned +12.1% over the same days, so a holder was behind by 6.7 pts. At its price on Nov 12, 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.

QXQ

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting value in cash distributions while its price fell 4.7%. With every distribution reinvested, the fund returned +12.1%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 1.0%, paid quarterly.

Questions people ask

Which paid more, OVLH or QXQ?: Over the year to Nov 12, 2026, OVLH paid 0.3% of its starting price in cash and QXQ paid 15.1%, so QXQ 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 QXQ?: With every distribution reinvested, OVLH returned +5.4% and QXQ +12.1% over the year to Nov 12, 2026.
Which is cheaper, OVLH or QXQ?: OVLH charges 0.80% a year and QXQ charges 0.98%, so OVLH is cheaper. Fees come from each fund's prospectus.

Other comparisons

OVLH vs QRMI OVLH vs QQQY OVLH vs QYLG OVLH vs TDAQ QXQ vs XPAY QXQ vs XIJN QXQ vs SDTY QXQ vs TSPY

Where to next

Vanguard S&P 500 ETF (VOO) →Nasdaq-100 (QQQ) →OVLH on its own →QXQ on its own →OVLH dividend history →OVLH holdings →QXQ dividend history →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 ↗

QXQ filings on SEC EDGAR ↗

QXQ prospectus with the expense ratio (SEC) ↗

SGI website ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, OVLH against QXQ, data as of Nov 12, 2026. https://etfiq.com/compare/income/ovlh-vs-qxq

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.

Net assets on Aug 31, 2026: $109m for Overlay Shares Hedged Large Cap Equity ETF and $82m for SGI Enhanced Nasdaq-100 ETF.

OVLH on its own →QXQ on its own →

Growth of 100

OVLH and QXQ

Total return, distributions reinvested, 1 year.

OVLH +5.4%QXQ +12.1%

Nov 12, 2025Nov 12, 2026

OVLH +5.4%, QXQ +12.1%: QXQ +6.7 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.