Data as of Nov 4, 2026.

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Income ETFs

OVLH vs YSPC: Dividend Yield & Total Return

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OVLH and YSPC both write options for income.

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Net assets: $109m on Aug 31, 2026 for Overlay Shares Hedged Large Cap Equity ETF, and $42m on Nov 3, 2026 for YieldMax SPCX Option Income Strategy ETF.

At a glance
0.3%
OVLH cash paid, 1 year
16.7%
YSPC cash paid, since launch, Jul 15, 2026
+7.0%
OVLH total return, 1 year
−2.1%
YSPC total return, since launch, Jul 15, 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.
YSPC · since launch to Nov 4, 2026 2.6 pts behind SPCX
YSPC
−2.1%
SPCX
+0.5%

2.6 pts behind SPCX

YSPC since launch: paid 16.7%, price −18.2%, total −2.1%, SPCX +0.5%, −2.6 pts. Data to Nov 4, 2026.

SPCX

+0.5%

YSPC

−2.1%

2.6 pts behind SPCX

Total return, distributions reinvested

2.6 pts behind SPCX

YSPC since launch: paid 16.7%, price −18.2%, total −2.1%, SPCX +0.5%, −2.6 pts. Data to Nov 4, 2026.

SPCX

+0.5%

YSPC

−2.1%

2.6 pts behind SPCX

16.7% of it arrived as cash. Both charts share one scale, with zero at the line. YSPC since launch: paid 16.7%, price −18.2%, total −2.1%, SPCX +0.5%, −2.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

OVLH costs 0.21 points a year less.

Points (pts) are percentage points.

OVLH vs YSPC: Dividend Yield & Total Return
MeasureOVLHYSPC
Paid and earned
Total return, 1 year+7.0%not published
Price changerose 6.7% (1 year)fell 18.2% (since Jul 15, 2026)
Return of capital, issuer estimate38% of the Dec 29, 2023 payment
Against its benchmark
BenchmarkVanguard S&P 500 ETF, measured through VOOSpace Exploration Technologies (SPCX)
Cost and size
Expense ratio0.80%1.01%
Net assets, OVLH as of Aug 31, 2026 and YSPC as of Nov 3, 2026$109m$42m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, OVLH and YSPC hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OVLH YSPC
Only in one fund ↓
Only in OVLH
Vanguard S&P 500 ETF 97.79%
Only in YSPC
United States Treasury Note/Bond 2.375% 05/15/2027 29.45%
United States Treasury Note/Bond 3.375% 09/15/2027 13.87%
SPCX 11/20/2026 165.01 C 0.32%
SPCX US 11/06/26 C145 0.13%
SPCX US 11/06/26 C146 0.11%
SPCX US 11/06/26 C141 -0.11%
SPCX US 11/06/26 C140 -0.72%
SPCX 11/20/2026 165.01 P -21.73%
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Side by side

OVLH Overlay Shares Hedged Large Cap Equity ETF · Put-selling overlay, hedged on VOO, paying annually YSPC YieldMax SPCX Option Income Strategy ETF · Synthetic covered call on SPCX, paying weekly
Strategy put-selling overlay, hedged synthetic covered call
Benchmark Vanguard S&P 500 ETF (VOO) Space Exploration Technologies (SPCX)
Pays annual weekly
Payout rate, annualized 0.3% 60.1%
Expense ratio 0.80% 1.01%
Cash paid, 1 year 0.3% 16.7% (since launch, Jul 15, 2026)
Price change, 1 year +6.7% −18.2% (since launch, Jul 15, 2026)
Total return, 1 year +7.0% −2.1% (since launch, Jul 15, 2026)
Benchmark return, 1 year +14.8% +0.5% (since launch, Jul 15, 2026)
Ahead or behind −7.8 pts −2.6 pts (since launch, Jul 15, 2026)
Return of capital, latest estimate 38% not published
Age 5.8 years 112 days
Net assets, OVLH as of Aug 31, 2026 and YSPC as of Nov 3, 2026 $109m $42m

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 YSPC: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowOVLHYSPCOVLHYSPCOVLHYSPC
3 months−1.4%+11.7%0.0%18.2%−1.3 pts−13.8 pts
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 · YSPC Jul 2026+73.9%−2.1%3.2%16.7%−47.2 pts−2.5 pts

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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.

YSPC

Over the period from its first trade on Jul 15, 2026 to Nov 4, 2026, YSPC paid 16.7% of its starting value in cash distributions while its price fell 18.2%. With every distribution reinvested, the fund returned −2.1%. Space Exploration Technologies (SPCX) returned +0.5% over the same days, so a holder was behind by 2.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 60.1%, paid weekly.

Questions people ask

Which is cheaper, OVLH or YSPC?
OVLH charges 0.80% a year and YSPC charges 1.01%, so OVLH is cheaper. Fees come from each fund's prospectus.
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ETFIQ, OVLH against YSPC, data as of Nov 4, 2026. https://etfiq.com/compare/income/ovlh-vs-yspc

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