Data as of Nov 4, 2026.
OVLH vs SPUT: Dividend Yield & Total Return
Over the year to Nov 4, 2026, SPUT paid 4.8% 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 $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.
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, 2026.4.1 pts behind SPY
SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPUT
+10.7%
4.8% of it arrived as cash
4.1 pts behind SPY
Total return, distributions reinvested
4.1 pts behind SPY
SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPUT
+10.7%
4.1 pts behind SPY
4.8% of it arrived as cash. Both charts share one scale, 0 to +14.8%. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.Pair scorecard
SPUT costs 0.01 points a year less; their one-year returns differ by 3.7 points.
Points (pts) are percentage points.
| Measure | OVLH | SPUT |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +7.0% | +10.7% |
| Price change, 1 year | rose 6.7% | rose 5.7% |
| Return of capital, issuer estimate | 38% of the Dec 29, 2023 payment | 58% of the Nov 2, 2026 payment |
| Against its benchmark | ||
| Benchmark | Vanguard S&P 500 ETF, measured through VOO | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.80% | 0.79% |
| Net assets, OVLH as of Aug 31, 2026 and SPUT as of Nov 4, 2026 | $109m | $17m |
| Holdings | ||
| Holdings in common | 0% | |
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
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 →
What they share
By the books each fund has filed, OVLH and SPUT hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | OVLH | SPUT | OVLH | SPUT | OVLH | SPUT |
| 3 months | −1.4% | +0.9% | 0.0% | 1.0% | −1.3 pts | +1.0 pts |
| 6 months | +1.6% | +3.4% | 0.0% | 1.9% | −3.5 pts | −1.6 pts |
| 1 year | +7.0% | +10.7% | 0.3% | 4.8% | −7.8 pts | −4.0 pts |
| 3 years | +58.6% | – | 1.7% | – | −24.8 pts | – |
| Since launchNot the same days: OVLH Jan 2021 · SPUT Mar 2025 | +73.9% | +23.3% | 3.2% | 9.1% | −47.2 pts | −15.6 pts |
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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.
SPUT
Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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 SPUT, data as of Nov 4, 2026. https://etfiq.com/compare/income/ovlh-vs-sput
ETFIQ. (Nov 4, 2026). OVLH against SPUT. Retrieved from https://etfiq.com/compare/income/ovlh-vs-sput
[OVLH against SPUT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ovlh-vs-sput)
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