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OVF Overlay Shares Foreign Equity ETF

Put-selling overlay on EFA, paying monthly

Over the year to Sep 18, 2026, OVF paid 11.5% in cash and finished 4.5 points ahead of EFA.

Overlay Shares · Income ETFs · data as of

Key facts

11.5%Cash paid, 1 year, on its starting price
+20.8%Total return, 1 year
+4.5 ptsAgainst EFA
10.4%Latest payout, annualized

Method

ETFIQ Return Stability Score

89.37th of 173

OVF paid 11.5% in cash and its price rose 8.3%, so the payout came out of returns rather than principal.

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

Against its benchmark
MLPD −35.8 ptsMDST −28.6 ptsEIPI −26.8 ptsBLOX −26.6 ptsYQQQ −25.3 ptsULTY −24.3 ptsSLTY −22.7 ptsGDXY −21.4 ptsTDVI −20.9 ptsTOPW −19.8 ptsHIGH −18.8 ptsACKY −17.9 ptsYMAX −16.8 ptsHISF −16.4 ptsNDIV −16.4 ptsSDVD −16.4 ptsWEEI −15.8 ptsOARK −15.2 ptsFDND −14.1 ptsSCLZ −14.0 ptsLFGY −13.6 ptsXLRI −13.6 ptsTCAL −13.5 ptsQRMI −13.3 ptsSLJY −13.2 ptsYYY −13.2 ptsYFYA −13.1 ptsHIPS −12.8 ptsJULH −12.1 ptsRNTY −12.0 ptsXLKI −12.0 ptsXBTY −11.8 ptsQUSA −11.7 ptsJULJ −11.5 ptsLJUL −11.5 ptsJANJ −11.4 ptsLJAN −11.4 ptsFGSI −11.3 ptsLOCT −11.2 ptsQLDY −11.2 ptsOCTJ −11.1 ptsCVRD −11.0 ptsIWMY −10.9 ptsJUCY −10.9 ptsAPRJ −10.5 ptsLAPR −10.5 ptsXISE −10.5 ptsXIJN −10.3 ptsAPRH −10.1 ptsJANH −10.1 ptsXIDE −10.1 ptsXLEI −10.0 ptsOCTH −9.9 ptsJEPI −9.5 ptsAIPI −9.4 ptsMAGY −9.4 ptsBAGY −9.2 ptsXIMR −9.1 ptsSRHR −8.8 ptsBUYW −8.1 ptsRDVI −8.0 ptsIAUI −7.7 ptsOVLH −7.5 ptsVEGA −7.2 ptsXV −7.1 ptsYBTC −7.1 ptsFTHI −6.9 ptsBITY −6.7 ptsXLVI −6.7 ptsXRMI −6.3 ptsIGLD −6.2 ptsFEPI −6.1 ptsYLDE −6.0 ptsGPTY −5.7 ptsKHPI −5.5 ptsQQQI −5.3 ptsSPIN −5.2 ptsTYLG −5.2 ptsSPUT −5.1 ptsETCO −4.8 ptsWTPI −4.6 ptsCAIE −4.1 ptsIQQQ −4.1 ptsPAPI −3.8 ptsBIGY −3.6 ptsJEPQ −3.2 ptsXLBI −3.2 ptsISPY −3.1 ptsIWMW −3.0 ptsWEEL −2.3 ptsGIAX −2.1 ptsDIVO −2.0 ptsKNG −1.6 ptsQDTY −1.6 ptsDFII −1.5 ptsRDTY −1.5 ptsTSPY −1.5 ptsYMAG −1.5 ptsBTCC −1.4 ptsNBOS −1.4 ptsNIHI −1.4 ptsEGGY −1.2 ptsSPYI −1.2 ptsRYLD −1.1 ptsRYLG −1.0 ptsXDTE −1.0 ptsXPAY −0.9 ptsSDTY −0.8 ptsWDTE −0.8 ptsJOYT −0.7 ptsQDTE −0.7 ptsKGLD −0.6 ptsQQQY −0.6 ptsRDTE −0.6 ptsTHTA −0.6 ptsXLII −0.6 ptsFTKI −0.5 ptsGPIQ −0.4 ptsFTQI −0.3 ptsSIXH −0.3 ptsDJIA +0.2 ptsLTTI +0.2 ptsDYLG +0.3 ptsGPIX +0.4 ptsXLFI +0.4 ptsQYLG +0.5 ptsHYBI +0.6 ptsHYTI +0.6 ptsIVVW +0.6 ptsLQTI +0.6 ptsXYLG +0.7 ptsTDAQ +1.0 ptsIWMI +1.1 ptsQYLD +1.2 ptsCSHI +1.3 ptsTLTX +1.3 ptsXYLD +1.4 ptsHYGW +1.5 ptsHYBL +1.6 ptsBNDI +1.7 ptsOVS +1.7 ptsPBP +1.9 ptsTLTI +1.9 ptsXLUI +1.9 ptsBALI +2.0 ptsBTCI +2.0 ptsCHPY +2.3 ptsOVB +2.3 ptsOVT +2.3 ptsYBIT +2.3 ptsITWO +2.4 ptsOVL +2.6 ptsYETH +2.8 ptsOVM +2.9 ptsTLTP +3.0 ptsSOXY +3.5 ptsDUBS +3.7 ptsLQDW +3.8 ptsXLYI +4.1 ptsTLTW +4.2 ptsDOGG +4.6 ptsOMAH +4.9 ptsIDVO +5.2 ptsSEPI +5.2 ptsBCCC +5.9 ptsCEPI +6.0 ptsIDUB +7.2 ptsXLCI +7.9 ptsBUCK +9.6 ptsUSOY +11.6 ptsXLSI +12.5 ptsKLIP +22.5 ptsOVF +4.5 ptsOVF +4.5 pts−35.8 pts+22.5 pts

92.8% of the 173 sit at or below OVF on this measure.

What happened to the principal
ETCO −75.5%XBTY −74.1%YETH −66.4%YBTC −60.1%BTCC −59.1%YBIT −58.9%BAGY −57.9%ULTY −54.1%BITY −51.5%SLTY −51.5%BCCC −48.5%BTCI −47.0%LFGY −44.7%DFII −43.7%BLOX −40.9%YMAX −40.7%TOPW −37.7%OARK −34.0%GDXY −33.1%KLIP −32.5%YMAG −28.1%YQQQ −25.7%MAGY −25.3%IWMY −24.9%CEPI −22.5%RDTY −21.8%RDTE −21.4%QLDY −20.3%QDTE −19.2%TLTX −18.5%EGGY −16.2%XLYI −15.5%ACKY −15.1%WDTE −14.8%QDTY −14.0%AIPI −13.8%TLTP −13.4%XDTE −13.4%QQQY −13.2%LTTI −12.6%XLUI −11.3%QUSA −11.0%SDTY −10.8%GIAX −10.5%FEPI −10.0%TLTW −9.9%LQTI −9.7%XLRI −9.4%TLTI −9.1%LQDW −8.8%XLCI −8.8%XV −8.8%YYY −8.8%TCAL −8.6%HIGH −8.3%FDND −8.2%GPTY −8.1%IGLD −7.9%RNTY −7.3%HIPS −7.0%HYTI −6.8%XLSI −6.5%OMAH −6.3%XLBI −6.3%IWMW −6.2%XLFI −6.2%HYGW −6.0%XPAY −5.8%HYBI −5.5%OVB −5.0%BNDI −4.9%USOY −4.8%HISF −4.7%OVT −4.3%QRMI −3.8%OVM −3.6%FGSI −3.2%HYBL −2.8%CAIE −2.5%JUCY −2.5%XRMI −2.4%BUCK −2.2%CVRD −2.2%MLPD −2.1%IAUI −2.0%IVVW −2.0%YFYA −1.7%JEPI −1.2%XLII −1.2%XIJN −0.9%WTPI −0.8%JULJ −0.6%XISE −0.6%CSHI −0.4%JULH −0.4%KNG −0.4%BIGY −0.3%LJUL −0.3%QQQI −0.1%TSPY −0.1%JANH 0.0%JANJ 0.0%LAPR 0.0%OCTH 0.0%XIDE 0.0%APRJ +0.1%LJAN +0.1%LOCT +0.1%OCTJ +0.1%APRH +0.3%FTHI +0.3%XIMR +0.5%WEEL +0.7%SRHR +1.0%SDVD +1.2%SPYI +1.2%IWMI +1.3%KHPI +1.5%BUYW +2.1%DJIA +2.4%QYLG +2.4%XYLG +2.6%YLDE +2.6%NIHI +2.8%RYLD +2.9%KGLD +3.4%TDAQ +3.4%DYLG +3.5%FTKI +3.8%XLVI +4.0%SCLZ +4.1%THTA +4.1%RYLG +4.2%PAPI +4.5%XLKI +4.6%PBP +5.5%JEPQ +5.7%SPIN +5.8%XYLD +5.9%NBOS +6.0%SPUT +6.0%DIVO +7.3%GPIX +7.4%ISPY +7.6%DOGG +8.0%FTQI +8.0%MDST +8.2%TDVI +8.2%OVS +8.5%OVLH +8.8%VEGA +8.9%QYLD +9.1%BALI +9.2%GPIQ +9.3%OVL +9.4%RDVI +9.6%ITWO +10.5%IQQQ +10.8%SLJY +12.3%EIPI +12.8%XLEI +12.8%SEPI +13.4%SIXH +14.1%IDVO +14.4%JOYT +15.2%WEEI +17.3%IDUB +17.4%DUBS +17.6%NDIV +20.4%CHPY +20.6%TYLG +20.6%SOXY +64.1%OVF +8.3%OVF +8.3%−75.5%+64.1%

85.8% of the 173 sit at or below OVF on this measure.

Weighted evenly, those two positions are what the score combines, across the 173 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark+4.5 pts92.850%
what happened to the principal+8.3%85.850%

All income ETFs ranked by this score · How it is computed

3rd of 4 income ETFs writing on EFA, by return against it

What a holder got

OVF against EFAOVF returned +20.8% with distributions reinvested against +16.3% for developed markets outside the US (EFA), a gap of +4.5 pts. Of that, 11.5% arrived as cash rather than price.+20.8%OVF total return+16.3%developed markets outside the US (EFA)11.5% of it arrived as cash

Over the year to Sep 18, 2026, OVF returned +20.8% with distributions reinvested and developed markets outside the US (EFA) returned +16.3%, so a holder came out ahead of it by 4.5 points. The lighter segment is the 11.5% that arrived as cash rather than as price.

Method

Period by period

OVF over each window to Sep 18, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnEFAAhead or behind
3 months2.5%−3.2%−0.6%+0.5%−1.1 pts
6 months5.7%+10.1%+16.0%+13.9%+2.1 pts
1 year11.5%+8.3%+20.8%+16.3%+4.5 pts
3 years26.1%+41.6%+74.3%+62.0%+12.3 pts
Since launch39.8%+26.4%+84.2%+99.9%−15.8 pts

Method

When OVF pays

OVF pays monthly. The last distribution was $0.2735 a share, which went ex on Aug 27, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 30 days the ex-date falls near Sep 28, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for OVF. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 28, 2026Sep 30, 2026$0.2735ETFIQ projection
Oct 28, 2026Oct 30, 2026$0.2735ETFIQ projection
Every distribution ETFIQ holds for OVF (13, most recent first)
Cash distributions per share for OVF. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Aug 27, 2026$0.2735
Jul 29, 2026$0.2709
Jun 26, 2026$0.2753
May 27, 2026$0.2699
Apr 28, 2026$0.2711
Mar 27, 2026$0.2543
Feb 25, 2026$0.28
Jan 28, 2026$0.2708
Dec 23, 2025$1.0327
Oct 3, 2025$0.1434
Jul 3, 2025$0.5481
Apr 3, 2025$0.1233
Dec 24, 2024$0.534

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Oct 1, 2019, OVF has returned +84.2% with distributions reinvested, against +99.9% for developed markets outside the US (EFA), and has paid out 39.8% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 10.4%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

OVF (Overlay Shares Foreign Equity ETF), income ETFs fields as of Sep 18, 2026. Source: ETFIQ.
Strategyput-selling overlay
Benchmarkdeveloped markets outside the US (EFA)
Paysmonthly
Net assets (SEC filing, whole fund, as filed for May 31, 2026)$41m
Latest payout, annualized (ETFIQ)10.4%
Expense rationot read by ETFIQ
Cash paid, last 12 months, over today’s price (ETFIQ)10.6%
LaunchedOct 1, 2019
Paysmonthly
Typical gap between ex-dates30 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.2735 ex Aug 27, 2026
Sum of the last 12 distributions$4.0132

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has OVF paid over the last year?
Over the year to Sep 18, 2026, OVF paid 11.5% of its starting price in cash distributions, while the price rose 8.3%.
Is OVF ahead of EFA?
Over the year to Sep 18, 2026, with every distribution reinvested, OVF returned +20.8% against +16.3% for developed markets outside the US (EFA), so a holder was ahead of it by 4.5 points.
How often does OVF pay, and how much?
OVF pays monthly. The latest distribution annualizes to 10.4% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
When does OVF next pay a distribution?
OVF pays monthly. The last distribution went ex on Aug 27, 2026 at $0.2735 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Sep 28, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

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.

Compare OVF

Also against NIHI, VEGA.

Funds near this one

Put this on your own page

The payout bar for OVF, redrawn every trading night. Free to use with the credit link.

OVF payout bar, ETFIQ

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<p><a href="https://etfiq.com/funds/ovf">OVF payout bar, updated daily by ETFIQ</a></p>

Where OVF is written about

OVF, Income ETFs, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open OVF live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, OVF, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/ovf Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources