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Data as of .

OVLH vs YMAG: which paid, and which earned it?

Over the year YMAG paid 35.5% of its price in cash against OVLH’s 0.3%, and returned more with it reinvested.

Overlay Shares Hedged Large Cap Equity ETF and YieldMax(R) Magnificent 7 Fund of Option Income ETFs.

0.3%OVLH cash paid, 1 year
35.5%YMAG cash paid, 1 year
+9.1%OVLH total return, 1 year
+9.7%YMAG total return, 1 year

ETFIQ Return Stability Score: OVLH scores higher

Was the payout funded by returns, or by your own capital?

OVLH 61.5YMAG 33.83.8, the lowest in this set96.8, the highest

A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed

OVLH7.5 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%OVLH+9.1%7.5 pts behind SPYTotal return, distributions reinvestedSPY+16.6%OVLH+9.1%7.5 pts behind SPY
YMAG1.5 pts behind MAGS · 1 year to Sep 18, 2026
MAGS+11.2%YMAG+9.7%35.5% of it arrived as cash1.5 pts behind MAGSTotal return, distributions reinvestedMAGS+11.2%YMAG+9.7%35.5% cash1.5 pts behind MAGS

What they hold in common

By the books each fund has filed, OVLH and YMAG hold 0% of their money in the same securities at the same weight.

Only in each
Only in OVLHOnly in YMAG
Vanguard S&P 500 ETF 100.00%YieldMax NVDA Option Income Strategy ETF 14.58%
YieldMax AAPL Option Income Strategy ETF 14.24%
YieldMax Tsla Option Income ETF 14.21%
YieldMax Amzn Option Income ETF 14.11%
YieldMax GOOGL Option Income Strategy ETF 14.11%
YieldMax Meta Option Income Strategy ETF 13.99%
YieldMax MSFT Option Income Strategy ETF 13.90%
First American Government Obligations Fund 12/01/2031 0.87%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 21, 2026.

Performance, window by window

OVLH and YMAG over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
OVLHYMAGOVLHYMAGOVLHYMAG
3 months+0.5%+6.1%0.0%9.4%−1.7 pts−1.6 pts
6 months+11.0%+15.4%0.0%21.1%−7.0 pts−5.3 pts
1 year+9.1%+9.7%0.3%35.5%−7.5 pts−1.5 pts
3 years+54.7%not published1.7%not published−23.7 ptsnot published
Since launch+73.7%+70.7%3.1%89.1%−45.2 pts−34.1 pts
Open the live comparison on ETFIQ
OVLH and YMAG on the same fields, as of Sep 18, 2026. Source: ETFIQ.
OVLH
Overlay Shares Hedged Large Cap Equity ETF
Put-selling overlay, hedged on SPY, paying annual
YMAG
YieldMax(R) Magnificent 7 Fund of Option Income ETFs
Synthetic covered call on MAGS, paying weekly
IssuerOverlay SharesYieldMax
Strategyput-selling overlay, hedgedsynthetic covered call
BenchmarkS&P 500 (SPY)Magnificent Seven (MAGS)
Paysannualweekly
Payout rate, annualized0.3%30.9%
Expense rationot published1.34%
Cash paid, 1 year0.3%35.5%
Price change, 1 year+8.8%−28.1%
Total return, 1 year+9.1%+9.7%
Benchmark return, 1 year+16.6%+11.2%
Ahead or behind−7.5 pts−1.5 pts
Return of capital, latest estimatenot published80%
Age2072 days962 days
Net assets$116m$297m

OVLH in plain words

Over the year to Sep 18, 2026, OVLH paid 0.3% of its starting value in cash distributions while its price rose 8.8%. With every distribution reinvested, the fund returned +9.1%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 7.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 0.3%, paid annual.

YMAG in plain words

Over the year to Sep 18, 2026, YMAG paid 35.5% of its starting value in cash distributions while its price fell 28.1%. With every distribution reinvested, the fund returned +9.7%. Magnificent Seven (MAGS) returned +11.2% over the same days, so a holder was behind by 1.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 30.9%, paid weekly. YieldMax estimates that 80% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which paid more, OVLH or YMAG?
Over the year to Sep 18, 2026, OVLH paid 0.3% of its starting price in cash and YMAG paid 35.5%, so YMAG 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 YMAG?
With every distribution reinvested, OVLH returned +9.1% and YMAG returned +9.7% over the year to Sep 18, 2026, so YMAG returned more.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

OVLH against YMAG, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, OVLH against YMAG, data as of Sep 18, 2026. https://etfiq.com/compare/income/ovlh-vs-ymag Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources