Data as of Nov 4, 2026.

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Income ETFs

OVLH vs RECI: Dividend Yield & Total Return

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OVLH and RECI both write options for income.

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Net assets: $109m on Aug 31, 2026 for Overlay Shares Hedged Large Cap Equity ETF, beside Columbia Research Enhanced Core Premium Income ETF.

At a glance
0.3%
OVLH cash paid, 1 year
1.5%
RECI cash paid, since launch, Jul 14, 2026
+7.0%
OVLH total return, 1 year
+3.7%
RECI total return, since launch, Jul 14, 2026
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.
RECI · since launch to Nov 4, 2026 Not measured
RECI
+3.7%
none

Not measured

RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

RECI

+3.7%

Total return, distributions reinvested

Not measured

RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

RECI

+3.7%

1.5% of it arrived as cash. Both charts share one scale, 0 to +14.8%. RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

RECI costs 0.50 points a year less.

Points (pts) are percentage points.

OVLH vs RECI: Dividend Yield & Total Return
MeasureOVLHRECI
Paid and earned
Total return, 1 year+7.0%not published
Price changerose 6.7% (1 year)rose 2.1% (since Jul 14, 2026)
Return of capital, issuer estimate38% of the Dec 29, 2023 payment78% of the Oct 5, 2026 payment
Against its benchmark
BenchmarkVanguard S&P 500 ETF, measured through VOOnot published
Cost and size
Expense ratio0.80%0.30%
Net assets$109mnot read by ETFIQ
Holdings
Holdings in commonnot published

Method

Side by side

OVLH Overlay Shares Hedged Large Cap Equity ETF · Put-selling overlay, hedged on VOO, paying annually RECI Columbia Research Enhanced Core Premium Income ETF · Covered call, paying monthly
Strategy put-selling overlay, hedged covered call
Benchmark Vanguard S&P 500 ETF (VOO) none
Pays annual monthly
Payout rate, annualized 0.3% 8.0%
Expense ratio 0.80% 0.30%
Cash paid, 1 year 0.3% 1.5% (since launch, Jul 14, 2026)
Price change, 1 year +6.7% +2.1% (since launch, Jul 14, 2026)
Total return, 1 year +7.0% +3.7% (since launch, Jul 14, 2026)
Benchmark return, 1 year +14.8% not published
Ahead or behind −7.8 pts not available
Return of capital, latest estimate 38% 78%
Age 5.8 years 113 days
Net assets $109m not read by ETFIQ

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 RECI: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowOVLHRECIOVLHRECIOVLHRECI
3 months−1.4%+3.5%0.0%1.5%−1.3 ptsnot measured
6 months+1.6%–0.0%–−3.5 pts–
1 year+7.0%–0.3%–−7.8 pts–
3 years+58.6%–1.7%–−24.8 pts–
Since launchNot the same days: OVLH Jan 2021 · RECI Jul 2026+73.9%+3.7%3.2%1.5%−47.2 ptsnot measured

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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.

RECI

Over the period from its first trade on Jul 14, 2026 to Nov 4, 2026, RECI paid 1.5% of its starting value in cash distributions while its price rose 2.1%. With every distribution reinvested, the fund returned +3.7%. At its price on Nov 4, 2026 the latest distribution annualizes to 8.0%, paid monthly. Columbia estimates that 78% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, OVLH or RECI?
OVLH charges 0.80% a year and RECI charges 0.30%, so RECI is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, OVLH against RECI, data as of Nov 4, 2026. https://etfiq.com/compare/income/ovlh-vs-reci

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