Data as of Nov 12, 2026.
OVQ vs XSPI: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
OVQ costs 0.01 points a year less.
Points (pts) are percentage points.
| Measure | OVQ | XSPI |
|---|---|---|
| Paid and earned | ||
| Price change | fell 2.9% (since Oct 23, 2026) | fell 3.5% (since Feb 3, 2026) |
| Against its benchmark | ||
| Benchmark | not published | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.97% | 0.98% |
| Net assets | not read by ETFIQ | $138m |
| Holdings | ||
| Holdings in common | not published | |
Not measured
OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
OVQ
−2.9%
Total return, distributions reinvested
Not measured
OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
OVQ
−2.9%
0.0% of it arrived as cash. Total return, distributions reinvested. OVQ since launch: paid 0.0%, price −2.9%, total −2.9%, not measured against a benchmark. Data to Nov 12, 2026.
Data to Nov 12, 2026.About even with SPY
XSPI since launch: paid 13.9%, price −3.5%, total +11.1%, SPY +10.7%, +0.4 pts. Data to Nov 12, 2026.
SPY
+10.7%
XSPI
+11.1%
13.9% of it arrived as cash
about even with SPY
Total return, distributions reinvested
About even with SPY
XSPI since launch: paid 13.9%, price −3.5%, total +11.1%, SPY +10.7%, +0.4 pts. Data to Nov 12, 2026.
SPY
+10.7%
XSPI
+11.1%
13.9% as cash
about even with SPY
13.9% of it arrived as cash. Both charts share one scale, with zero at the line. XSPI since launch: paid 13.9%, price −3.5%, total +11.1%, SPY +10.7%, +0.4 pts. Data to Nov 12, 2026.
Data to Nov 12, 2026.Side by side
As of Nov 12, 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 | OVQ | XSPI | OVQ | XSPI | OVQ | XSPI |
| 3 months | – | −1.4% | – | 4.1% | – | +1.0 pts |
| 6 months | – | +3.6% | – | 8.3% | – | +1.9 pts |
| Since launchNot the same days: OVQ Oct 2026 · XSPI Feb 2026 | −2.9% | +11.1% | 0.0% | 13.9% | not measured | +0.4 pts |
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OVQ
Over the period from its first trade on Oct 23, 2026 to Nov 12, 2026, OVQ paid 0.0% of its starting value in cash distributions while its price fell 2.9%. With every distribution reinvested, the fund returned −2.9%.
XSPI
Over the period from its first trade on Feb 3, 2026 to Nov 12, 2026, XSPI paid 13.9% of its starting value in cash distributions while its price fell 3.5%. With every distribution reinvested, the fund returned +11.1%. S&P 500 (SPY) returned +10.7% over the same days, so a holder was about even. At its price on Nov 12, 2026 the latest distribution annualizes to 16.8%, paid monthly. NEOS estimates that 98% of the distribution paid Nov 6, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, OVQ against XSPI, data as of Nov 12, 2026. https://etfiq.com/compare/income/ovq-vs-xspi
ETFIQ. (Nov 12, 2026). OVQ against XSPI. Retrieved from https://etfiq.com/compare/income/ovq-vs-xspi
[OVQ against XSPI (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/ovq-vs-xspi)
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OVQ and XSPI both write options for income.