OVM Overlay Shares Municipal Bond ETF
Share ▾
$21.04
+0.9% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.
Over the year to Nov 4, 2026, OVM paid 5.6% in cash and returned 3.2% in total, against 0.5% for MUB.
Why did OVM return +17.0% from Oct 2019 to Oct 2026, against MUB’s +9.3%?Is OVM’s payout of 5.2% a year sustainable?What do OVM’s net flows of +$32.3m over the 3 years to Aug 31, 2026 mean?
Put-selling overlay on MUB, paying monthlyOverlay Shares ↗Expense ratio 0.81%Fund assets $45m net assets, latest filing (Aug 31, 2026)First traded Oct 1, 2019Benchmark US municipal bonds (MUB)SEC filings ↗Every Overlay Shares fund ETFIQ coversDividend history
Promise check: PartlyOver the year to Nov 4, 2026, OVM paid 5.6% in cash and returned 3.2% in total, covering 57.1% of its payout.
ETFIQetfiq.com · independent ETF data
OVM risk and return scorecard
vs MUB · Oct 2019 to Oct 2026 · 368 weekly returns · dividend-adjusted
OVM +17.0%, MUB +9.3%, Oct 2019 to Oct 2026, distributions reinvested.
Return
MeasureOVMMUBEdge
Total return+17.0%+9.3%OVM
Annualized+2.2%+1.3%OVM
Price return−16.7%−8.7%MUB
Risk
MeasureOVMMUBEdge
Volatility7.9%7.1%MUB
Max drawdown−15.6%−12.4%MUB
Upside capture123.9%100.0%OVM
Downside capture112.1%100.0%MUB
Risk-adjusted
MeasureOVMMUBEdge
Sharpe ratio−0.05−0.20OVM
Sortino ratio−0.07−0.28OVM
Alpha vs MUB
MeasureOVMMUBEdge
Alpha, a year+1.1%Not significant
Alpha t-stat1.01
Beta to MUB1.041.00Higher beta
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Aug 31, 202612 months to Aug 31, 2026
+$17.7m
3 years to Aug 31, 2026
+$32.3m
5 years to Aug 31, 2026
+$37.8m
What you earned
OVM +3.2%, MUB +3.5%: total return over one month to Nov 4, 2026.
OVM
+3.2%
MUB
+3.5%
Paid 0.4% in cash. Price +2.8%.
OVM −0.7%, MUB −0.6%: total return over three months to Nov 4, 2026.
OVM
−0.7%
MUB
−0.6%
Paid 1.3% in cash. Price −2.0%.
OVM −0.7%, MUB −0.9%: total return over six months to Nov 4, 2026.
OVM
−0.7%
MUB
−0.9%
Paid 2.6% in cash. Price −3.3%.
OVM +2.4%, MUB +0.1%: total return over the year to Nov 4, 2026.
OVM
+2.4%
MUB
+0.1%
Paid 4.3% in cash. Price −2.0%.
OVM +3.2%, MUB +0.5%: total return over one year to Nov 4, 2026.
OVM
+3.2%
MUB
+0.5%
Paid 5.6% in cash. Price −2.4%.
OVM +18.7%, MUB +11.5%: total return over three years to Nov 4, 2026.
OVM
+18.7%
MUB
+11.5%
Paid 16.5% in cash. Price +1.3%.
OVM +5.5%, MUB +3.2%: total return over five years to Nov 4, 2026.
OVM
+5.5%
MUB
+3.2%
Paid 22.7% in cash. Price −19.1%.
OVM +18.2%, MUB +9.9%: total return since launch to Nov 4, 2026.
OVM
+18.2%
MUB
+9.9%
Paid 31.3% in cash. Price −15.9%.
What it paid
13 distributions · latest Oct 28, 2026Pays monthly.
More on OVM
Every number below is on this page. Open what you need.Price and total return, 1 year
$21.04+0.9%1 day, priceClose, Nov 4, 2026
−5.0%−2.5%0%2.5%5.0%Total return +3.2%Price −2.4%
Nov 4, 2025Nov 4, 2026
Price −2.4%Total return +3.2%
Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error
| Window | Total return | Cash paid | Price | MUB | Ahead or behind |
|---|---|---|---|---|---|
| 1M Oct 5 – Nov 4, 2026 | +3.2% | 0.4% | +2.8% | +3.5% | −0.3 pts |
| 3M Aug 5 – Nov 4, 2026 | −0.7% | 1.3% | −2.0% | −0.6% | −0.1 pts |
| 6M May 6 – Nov 4, 2026 | −0.7% | 2.6% | −3.3% | −0.9% | +0.2 pts |
| YTD Dec 31, 2025 – Nov 4, 2026 | +2.4% | 4.3% | −2.0% | +0.1% | +2.3 pts |
| 1Y Nov 4, 2025 – Nov 4, 2026 | +3.2% | 5.6% | −2.4% | +0.5% | +2.7 pts |
| 3Y Nov 3, 2023 – Nov 4, 2026 | +18.7% | 16.5% | +1.3% | +11.5% | +7.2 pts |
| 5Y Nov 5, 2021 – Nov 4, 2026 | +5.5% | 22.7% | −19.1% | +3.2% | +2.3 pts |
| Since launch Oct 1, 2019 – Nov 4, 2026 | +18.2% | 31.3% | −15.9% | +9.9% | +8.3 pts |
| Since launch, annualised Oct 1, 2019 – Nov 4, 2026 | +2.4% | – | – | – | – |
Total returns, distributions reinvested.
Source: Tiingo end-of-day prices, with distributions reinvested.
Where the return came from
OVM
+3.2%
MUB
About even with MUB OVM over 1 month: paid 0.4%, price +2.8%, total +3.2%, MUB +3.5%, −0.3 pts. Data to Nov 4, 2026. MUB +3.5% OVM +3.2% 0.4% cash about even with MUB Total return, distributions reinvested About even with MUB OVM over 1 month: paid 0.4%, price +2.8%, total +3.2%, MUB +3.5%, −0.3 pts. Data to Nov 4, 2026. MUB +3.5% OVM +3.2% about even with MUB Over the 1 month to Nov 4, 2026, OVM returned +3.2% with distributions reinvested and US municipal bonds (MUB) returned +3.5%, so a holder came out behind it by 0.3 points. The lighter segment is the 0.4% that arrived as cash rather than as price.+3.5%
Price change +2.8%Cash paid +0.4%, reinvested−0.3 pts vs MUB
OVM
−0.7%
MUB
About even with MUB OVM over 3 months: paid 1.3%, price −2.0%, total −0.7%, MUB −0.6%, −0.1 pts. Data to Nov 4, 2026. MUB −0.6% OVM −0.7% about even with MUB Total return, distributions reinvested About even with MUB OVM over 3 months: paid 1.3%, price −2.0%, total −0.7%, MUB −0.6%, −0.1 pts. Data to Nov 4, 2026. MUB −0.6% OVM −0.7% about even with MUB Over the 3 months to Nov 4, 2026, OVM returned −0.7% with distributions reinvested and US municipal bonds (MUB) returned −0.6%, so a holder came out behind it by 0.1 points. The lighter segment is the 1.3% that arrived as cash rather than as price.−0.6%
Price change −2.0%Cash paid +1.3%, reinvested−0.1 pts vs MUB
0.0%
OVM
−0.7%
MUB
About even with MUB OVM over 6 months: paid 2.6%, price −3.3%, total −0.7%, MUB −0.9%, +0.2 pts. Data to Nov 4, 2026. MUB −0.9% OVM −0.7% about even with MUB Total return, distributions reinvested About even with MUB OVM over 6 months: paid 2.6%, price −3.3%, total −0.7%, MUB −0.9%, +0.2 pts. Data to Nov 4, 2026. MUB −0.9% OVM −0.7% about even with MUB Over the 6 months to Nov 4, 2026, OVM returned −0.7% with distributions reinvested and US municipal bonds (MUB) returned −0.9%, so a holder came out ahead of it by 0.2 points. The lighter segment is the 2.6% that arrived as cash rather than as price.−0.9%
Price change −3.3%Cash paid +2.6%, reinvested+0.2 pts vs MUB
0.0%
OVM
+3.2%
MUB
2.7 pts ahead of MUB OVM over 1 year: paid 5.6%, price −2.4%, total +3.2%, MUB +0.5%, +2.7 pts. Data to Nov 4, 2026. MUB +0.5% OVM +3.2% 5.6% of it arrived as cash 2.7 pts ahead of MUB Total return, distributions reinvested 2.7 pts ahead of MUB OVM over 1 year: paid 5.6%, price −2.4%, total +3.2%, MUB +0.5%, +2.7 pts. Data to Nov 4, 2026. MUB +0.5% OVM +3.2% 5.6% as cash 2.7 pts ahead of MUB Over the 1 year to Nov 4, 2026, OVM returned +3.2% with distributions reinvested and US municipal bonds (MUB) returned +0.5%, so a holder came out ahead of it by 2.7 points. The lighter segment is the 5.6% that arrived as cash rather than as price.+0.5%
Price change −2.4%Cash paid +5.6%, reinvested+2.7 pts vs MUB
0.0%
OVM
+18.7%
MUB
7.2 pts ahead of MUB OVM over 3 years: paid 16.5%, price +1.3%, total +18.7%, MUB +11.5%, +7.2 pts. Data to Nov 4, 2026. MUB +11.5% OVM +18.7% 16.5% of it arrived as cash 7.2 pts ahead of MUB Total return, distributions reinvested 7.2 pts ahead of MUB OVM over 3 years: paid 16.5%, price +1.3%, total +18.7%, MUB +11.5%, +7.2 pts. Data to Nov 4, 2026. MUB +11.5% OVM +18.7% 16.5% as cash 7.2 pts ahead of MUB Over the 3 years to Nov 4, 2026, OVM returned +18.7% with distributions reinvested and US municipal bonds (MUB) returned +11.5%, so a holder came out ahead of it by 7.2 points. The lighter segment is the 16.5% that arrived as cash rather than as price.+11.5%
Price change +1.3%Cash paid +16.5%, reinvested+7.2 pts vs MUB
OVM
+18.2%
MUB
8.3 pts ahead of MUB OVM since launch: paid 31.3%, price −15.9%, total +18.2%, MUB +9.9%, +8.3 pts. Data to Nov 4, 2026. MUB +9.9% OVM +18.2% 31.3% of it arrived as cash 8.3 pts ahead of MUB Total return, distributions reinvested 8.3 pts ahead of MUB OVM since launch: paid 31.3%, price −15.9%, total +18.2%, MUB +9.9%, +8.3 pts. Data to Nov 4, 2026. MUB +9.9% OVM +18.2% 31.3% as cash 8.3 pts ahead of MUB From launch to Nov 4, 2026, OVM returned +18.2% with distributions reinvested and US municipal bonds (MUB) returned +9.9%, so a holder came out ahead of it by 8.3 points. The lighter segment is the 31.3% that arrived as cash rather than as price.+9.9%
Price change −15.9%Cash paid +31.3%, reinvested+8.3 pts vs MUB
0.0%
38.6
IQ Income ScoreETFIQ Distribution Coverage Score103rd of 167 · Nov 4, 2026
0.3 · lowest of 167 income ETFs not writing on a single company99.7 · highest
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
OVM paid 5.6% in cash over the year and returned 3.2% in total, less than it paid out.
total return as a share of the cash paid57.1% · 39th pct
Money in and out
Monthly data · as of Aug 31, 2026OVM: in the month to Aug 31, 2026, net $1.3m came in, by its SEC filing.
12 months
+$17.7m
65.0% of $27.3m on Aug 31, 2025
Sep 1, 2025 to Aug 31, 2026
monthly, from SEC filings
Sep 1, 2025 to Aug 31, 2026
monthly, from SEC filings
3 years
+$32.3m
228.9% of $14.1m on Aug 31, 2023
Sep 1, 2023 to Aug 31, 2026
monthly, from SEC filings
Sep 1, 2023 to Aug 31, 2026
monthly, from SEC filings
5 years
+$37.8m
337.4% of $11.2m on Aug 31, 2021
Sep 1, 2021 to Aug 31, 2026
monthly, from SEC filings
Sep 1, 2021 to Aug 31, 2026
monthly, from SEC filings
Since Mar 2020
+$22.9m
Mar 1, 2020 to Aug 31, 2026
monthly, from SEC filings
monthly, from SEC filings
Computed by ETFIQ from the monthly sales and redemptions OVM files with the SEC on Form N-PORT.
How this is computed
ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Aug 2026. Every day and month ETFIQ holds for OVM, back to Mar 2020, is in its flows file. Flows across every fund · How these flows are computed · Compare OVM with other funds in the flows tool
Month by month, money in and money outSep 2023 to Aug 2026
in, up to +$6.9m
out, down to −$2.3mSep 2023Aug 2026
OVM, money in and money out each month from Sep 2023 to Aug 2026: two bars a month, money in above the line and money out below. Every bar is from OVM’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 23 and went out in 7.
Every bar is from OVM’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 23 and went out in 7.
MonthInOutNet
Aug 2026 SEC Form N-PORT+$1.3m$0+$1.3m
Jul 2026 SEC Form N-PORT+$2.1m$0+$2.1m
Jun 2026 SEC Form N-PORT+$4.6m$0+$4.6m
May 2026 SEC Form N-PORT+$2.2m−$217k+$2.0m
Apr 2026 SEC Form N-PORT+$217k$0+$217k
Mar 2026 SEC Form N-PORT+$2.6m$0+$2.6m
Feb 2026 SEC Form N-PORT+$434k−$1.1m−$661k
Jan 2026 SEC Form N-PORT+$217k−$1.5m−$1.3m
Dec 2025 SEC Form N-PORT+$3.7m$0+$3.7m
Nov 2025 SEC Form N-PORT+$645k$0+$645k
Oct 2025 SEC Form N-PORT+$2.6m$0+$2.6m
Sep 2025 SEC Form N-PORT$0$0$0
Aug 2025 SEC Form N-PORT+$419k$0+$419k
Jul 2025 SEC Form N-PORT+$623k−$418k+$204k
Jun 2025 SEC Form N-PORT$0−$625k−$625k
May 2025 SEC Form N-PORT$0−$1.3m−$1.3m
Apr 2025 SEC Form N-PORT$0−$2.3m−$2.3m
Mar 2025 SEC Form N-PORT+$1.7m$0+$1.7m
Feb 2025 SEC Form N-PORT+$1.8m$0+$1.8m
Jan 2025 SEC Form N-PORT+$1.1m$0+$1.1m
Dec 2024 SEC Form N-PORT+$676k$0+$676k
Nov 2024 SEC Form N-PORT+$1.8m$0+$1.8m
Oct 2024 SEC Form N-PORT+$2.7m$0+$2.7m
Sep 2024 SEC Form N-PORT$0$0$0
Aug 2024 SEC Form N-PORT$0$0$0
Jul 2024 SEC Form N-PORT$0$0$0
Jun 2024 SEC Form N-PORT+$222k−$222k+$441
May 2024 SEC Form N-PORT+$2.0m−$435k+$1.5m
Apr 2024 SEC Form N-PORT$0$0$0
Mar 2024 SEC Form N-PORT+$897k$0+$897k
Feb 2024 SEC Form N-PORT+$6.9m−$443k+$6.4m
Jan 2024 SEC Form N-PORT+$549k$0+$549k
Dec 2023 SEC Form N-PORT$0−$555k−$555k
Nov 2023 SEC Form N-PORT$0$0$0
Oct 2023 SEC Form N-PORT$0−$1.0m−$1.0m
Sep 2023 SEC Form N-PORT+$543k$0+$543k
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Aug 31, 2026. Updated when the fund files its next report.
OVM key stats
52-week high, daily closes to Nov 4, 2026 (ETFIQ)$21.96 on Feb 24, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$20.18 on Sep 29, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$21.04, 48% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.
OVM return of capital and tax
Return of capital, latest notice (Overlay Shares estimate, Oct 29, 2026)80.0%
Return of capital, distributions paid Dec 24, 2025 to Oct 29, 2026 (Overlay Shares estimates)93.6%
Notices behind that number10 of 11 distributions
Return of capital, fiscal year to Aug 31, 2025 (annual report, filed Nov 4, 2025)55.0%
Options it writes (holdings as of Aug 31, 2026)Options on the US municipal bonds index, which are Section 1256 contracts
Estimates are Overlay Shares’s Rule 19a-1 notices, made before the fund year closes. The fiscal year number is the annual report’s tax character. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital
Trading
as of Nov 4, 2026
Trading · OVMas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →OVM for holders outside the US
US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
OVM interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing
OVM is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
$0.28
$0.31
$0.09
$0.09
Distributions per share for OVM 13 distributions for OVM, $0.0912 to $0.3066 a share and $0.0931 in the middle, Jul 3, 2025 to Oct 28, 2026. 1 further ex-date is expected with no amount the issuer has declared, so it is not drawn. $0.0931 the middle one Jul 3, 2025 Oct 28, 2026 $0.3066 a share at the highestJul 2025Monthly, per shareOct 2026
13 distributions for OVM, $0.0912 to $0.3066 a share and $0.0931 in the middle, Jul 3, 2025 to Oct 28, 2026. 1 further ex-date is expected with no amount the issuer has declared, so it is not drawn.
Latest
$0.0913
Ex Oct 28, 2026 · paid about 2 days later
Annualized
5.2%
At its price on Nov 4, 2026
Trailing 12 months
5.7%
11 payments, ex Dec 23, 2025 to Oct 28, 2026: $1.2085
Return of capital
80.0%
Latest payout (Overlay Shares estimate)
Next, projected
OVM pays monthly. The last distribution was $0.0913 a share, which went ex on Oct 28, 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 Nov 27, 2026; that date is an ETFIQ projection, not the issuer’s.
Nov 27, 2026 · pay Nov 30, 2026$0.0913 ETFIQ projection
Expected distributions for OVM. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.
Every distribution ETFIQ holds for OVM (13, most recent first)
Oct 28, 2026$0.0913
Sep 29, 2026$0.0931
Aug 27, 2026$0.0921
Jul 29, 2026$0.0912
Jun 26, 2026$0.0921
May 27, 2026$0.0948
Apr 28, 2026$0.0929
Mar 27, 2026$0.0931
Feb 25, 2026$0.0936
Jan 28, 2026$0.0935
Dec 23, 2025$0.2807
Oct 3, 2025$0.3066
Jul 3, 2025$0.2791
Cash distributions per share for OVM. Source: ETFIQ from Tiingo end-of-day distributions.
Source: ETFIQ, from Tiingo end-of-day distributions.
How much of what it paid out did its total return cover?
−272.3% to 2,333.3% across 167
That is the share of the 167 income ETFs not writing on a single company sitting at or below OVM.
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. Where the fund sits in this set, not a rating. Do not average it with another category's score.
Total return as a share of the cash paid: 57.1% · 39th pct, −272.3% to 2,333.3% across 167.
Covered the mostOne bar per fund · OVM in whiteCovered the least
About OVM
Strategyput-selling overlay
BenchmarkUS municipal bonds (MUB)
How the benchmark is set (ETFIQ)100.0% of its net assets is MUB, by its holdings of Aug 31, 2026.
Paysmonthly
Latest payout, annualized (ETFIQ)5.2%
Cash paid, last 12 months, over today’s price (ETFIQ)5.7%
First tradedOct 1, 2019
Return of capital, latest distribution (Overlay Shares 19a-1 estimate)80.0%
Paysmonthly
Typical gap between ex-dates30 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.0913 ex Oct 28, 2026
Cash paid in the 12 months to Nov 4, 2026, 11 distributions, ex Dec 23, 2025 to Oct 28, 2026$1.2085
How we measure
Every number 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. Method
12 seats on OVM, as of Nov 4, 2026: 1 Mixed, 4 Challenges, 6 Not enough data, 1 Does not apply.
Put OVM to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.
Questions people ask about OVM
- How much has OVM paid over the last year?
- Over the year to Nov 4, 2026, OVM paid 5.6% of its starting price in cash distributions, while the price fell 2.4%.
- Is OVM ahead of MUB?
- Over the year to Nov 4, 2026, with every distribution reinvested, OVM returned +3.2% against +0.5% for US municipal bonds (MUB), so a holder was ahead of it by 2.7 points.
- How often does OVM pay, and how much?
- OVM pays monthly. The latest distribution annualizes to 5.2% at its price on Nov 4, 2026, which is not a promise; the next one can differ.
- Is the OVM distribution return of capital?
- Overlay Shares estimates 80% of the distribution paid Oct 29, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
- When does OVM next pay a distribution?
- OVM pays monthly. The last distribution went ex on Oct 28, 2026 at $0.0913 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Nov 27, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
- What does OVM cost?
- The prospectus expense ratio is 0.81% a year.
- How much of OVM’s distribution is return of capital?
- Overlay Shares’s Rule 19a-1 notice estimates 80.0% of the distribution paid Oct 29, 2026 was return of capital. Across its notices for distributions paid Dec 24, 2025 to Oct 29, 2026, the estimate is 93.6%. The annual report for the fiscal year to Aug 31, 2025 puts it at 55.0% of distributions. Estimates come before the fund year closes and often change.
Sources and dates
Prices, OVM and MUBTiingo end-of-day · Nov 4, 2026
Net assets, $45mSEC filing, whole fund · Aug 31, 2026
Return of capitalOverlay Shares 19a-1 distribution notice ↗
DistributionsTiingo end-of-day · 13 payments
All fund filingsFund filings on SEC EDGAR ↗
IssuerOverlay Shares website ↗
Links are sources, not endorsements.
Cite this pageCitation, APA and Markdown
ETFIQ, OVM, income ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/ovm
ETFIQ. (Nov 4, 2026). OVM, income ETFs. Retrieved from https://etfiq.com/funds/ovm
[OVM, income ETFs (ETFIQ, Nov 4, 2026)](https://etfiq.com/funds/ovm)
The payout bar for OVM, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.
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.
Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.
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.
The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.
A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.
The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.
Embed this chart
Free to use with the credit link. Paste this where the chart should go; it updates every trading night.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/income/ovm/" title="OVM: OVM over 1 year: paid 5.6%, price −2.4%, total +3.2%, MUB +0.5%, +2.7 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">OVM: OVM over 1 year: paid 5.6%, price −2.4%, total +3.2%, MUB +0.5%, +2.7 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/ovm">ETFIQ</a></figcaption>
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The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
OVM, Income ETFs, ETFIQ, data as of Nov 4, 2026. Every number 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.
Snapshot, Nov 4, 2026. More on the tabs above.