Which paid more, OVLH or SIXH?

Over the year to Nov 4, 2026, OVLH paid 0.3% of its starting price in cash and SIXH paid 2.1%, so SIXH 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 SIXH?

With every distribution reinvested, OVLH returned +7.0% and SIXH +23.5% over the year to Nov 4, 2026.

Which is cheaper, OVLH or SIXH?

OVLH charges 0.80% a year and SIXH charges 0.69%, so SIXH is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

OVLH vs SIXH: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SIXH paid 2.1% of its price in cash against OVLH’s 0.3%, and returned more with it reinvested.

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Net assets on Aug 31, 2026: $109m for Overlay Shares Hedged Large Cap Equity ETF and $603m for ETC 6 Meridian Hedged Equity-Index Option Strategy ETF.

OVLH on its own →SIXH on its own →

At a glance

0.3%

OVLH cash paid, 1 year

2.1%

SIXH cash paid, 1 year

+7.0%

OVLH total return, 1 year

+23.5%

SIXH 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.

SIXH · 1 year to Nov 4, 2026 5.5 pts ahead of its own holdings

SIXH

+23.5%

Own

+18.0%

5.5 pts ahead of its own holdings

SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

its own holdings

+18.0%

SIXH

+23.5%

5.5 pts ahead of its own holdings

Total return, distributions reinvested

5.5 pts ahead of its own holdings

SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

its own holdings

+18.0%

SIXH

+23.5%

2.1% of it arrived as cash. Both charts share one scale, 0 to +23.5%. SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +23.5%. Data to Nov 4, 2026.

Pair scorecard

SIXH costs 0.11 points a year less; their one-year returns differ by 16.5 points; SIXH is 5.5 times larger.

Points (pts) are percentage points.

OVLH vs SIXH: Dividend Yield & Total Return
Measure	OVLH	SIXH
Paid and earned
Measure	OVLH	SIXH
Total return, 1 year	+7.0%	+23.5%
Price change, 1 year	rose 6.7%	rose 21.2%
Return of capital, issuer estimate	38% of the Dec 29, 2023 payment
Against its benchmark
Measure	OVLH	SIXH
Benchmark	Vanguard S&P 500 ETF, measured through VOO	its own holdings
Cost and size
Measure	OVLH	SIXH
Expense ratio	0.80%	0.69%
Net assets, as of Aug 31, 2026	$109m	$603m
Holdings
Measure	OVLH	SIXH
Holdings in common	0%

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

IQ Income Score99.7OVLH98.5SIXH

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

OVLH 99.7

SIXH 98.5

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

Risk and return

Jan 22, 2021 to Oct 30, 2026 · 301 weekly returns

OVLH SIXH

Return

Total return edge SIXH +69.2% +88.7%

Annualized edge SIXH +9.5% +11.6%

Price return edge SIXH (slight) +64.8% +68.3%

Risk

Volatility edge SIXH 10.8% 9.6%

Max drawdown edge SIXH −19.6% −10.8%

Risk-adjusted

Sharpe edge SIXH 0.58 0.83

Sortino edge SIXH 0.87 1.25

Calmar edge SIXH 0.48 1.07

Reading

From Jan 2021 to Oct 2026, SIXH returned more: +88.7% to +69.2%. SIXH swung less: 9.6% to 10.8%. SIXH fell less at its worst: −10.8% to −19.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: OVLH vs SIXH: Dividend Yield & Total Return
Measure	OVLH	SIXH	Edge	How it is measured
Return
Total return	+69.2%	+88.7%	SIXH	Price change plus distributions, reinvested.
Annualized	+9.5%	+11.6%	SIXH	Total return as a yearly rate.
Price return	+64.8%	+68.3%	SIXH (slight)	Price change alone, distributions left out.
Risk
Volatility	10.8%	9.6%	SIXH	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.2%	6.4%	SIXH	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−19.6%	−10.8%	SIXH	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.58	0.83	SIXH	Return above Treasury bills per unit of volatility.
Sortino	0.87	1.25	SIXH	Return above Treasury bills per unit of downside deviation.
Calmar	0.48	1.07	SIXH	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 301 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OVLH SIXH

Only in one fund ↓

Only in OVLH

Vanguard S&P 500 ETF 97.79%

Only in SIXH

SPDR S&P 500 ETF Trust 4.95%

Altria Group, Inc. 4.90%

AT&T INC. 4.08%

VERIZON COMMUNICATIONS INC. 3.92%

PEPSICO, INC. 3.69%

Philip Morris International Inc. 3.60%

MICRON TECHNOLOGY, INC. 2.85%

QUALCOMM INCORPORATED 2.82%

Check overlap with more funds →

Side by side

OVLH Overlay Shares Hedged Large Cap Equity ETF · Put-selling overlay, hedged on VOO, paying annually SIXH ETC 6 Meridian Hedged Equity-Index Option Strategy ETF · Option income on its own holdings, paying monthly

Issuer Overlay Shares Exchange Traded Concepts

Strategy put-selling overlay, hedged option income

Benchmark Vanguard S&P 500 ETF (VOO) SIXH's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Aug 31, 2026)

Pays annual monthly

Payout rate, annualized 0.3% 3.2%

Expense ratio 0.80% 0.69%

Cash paid, 1 year 0.3% 2.1%

Price change, 1 year +6.7% +21.2%

Total return, 1 year +7.0% +23.5%

Benchmark return, 1 year +14.8% +18.0%

Ahead or behind −7.8 pts +5.5 pts

Return of capital, latest estimate 38% not published

Age 5.8 years 6.5 years

Net assets, as of Aug 31, 2026 $109m $603m

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 SIXH: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	OVLH	SIXH	OVLH	SIXH	OVLH	SIXH
3 months	−1.4%	+6.0%	0.0%	0.5%	−1.3 pts	+1.8 pts
6 months	+1.6%	+10.3%	0.0%	1.0%	−3.5 pts	+3.5 pts
1 year	+7.0%	+23.5%	0.3%	2.1%	−7.8 pts	+5.5 pts
3 years	+58.6%	+47.6%	1.7%	6.8%	−24.8 pts	not measured
Since launchNot the same days: OVLH Jan 2021 · SIXH May 2020	+73.9%	+104.1%	3.2%	16.7%	−47.2 pts	not 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.

SIXH

Over the year to Nov 4, 2026, SIXH paid 2.1% of its starting value in cash distributions while its price rose 21.2%. With every distribution reinvested, the fund returned +23.5%. SIXH's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Aug 31, 2026) returned +18.0% over the same days, so a holder was ahead by 5.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.2%, paid monthly.

Questions people ask

Which paid more, OVLH or SIXH?: Over the year to Nov 4, 2026, OVLH paid 0.3% of its starting price in cash and SIXH paid 2.1%, so SIXH 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 SIXH?: With every distribution reinvested, OVLH returned +7.0% and SIXH +23.5% over the year to Nov 4, 2026.
Which is cheaper, OVLH or SIXH?: OVLH charges 0.80% a year and SIXH charges 0.69%, so SIXH is cheaper. Fees come from each fund's prospectus.

Other comparisons

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Where to next

Vanguard S&P 500 ETF (VOO) →OVLH on its own →SIXH on its own →OVLH dividend history →OVLH holdings →SIXH dividend history →SIXH 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 ↗

SIXH filings on SEC EDGAR ↗

SIXH prospectus with the expense ratio (SEC) ↗

Exchange Traded Concepts 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.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

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

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