OVL ETF — Overlay Shares Large Cap Equity ETF
Overlay Shares Large Cap Equity ETF (OVL)
Updated October 2, 2026.
OVL is an ETF that tracks the S&P 500 (VOO). its distribution rate is 10.39%, its trailing-12-month yield is 8.30%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 92/100 (Safe). Total return is 206.3% over the past 7 years, 15.0 points ahead of VOO at 191.3%.
At the current 10.39% distribution rate, a $10,000 investment would generate approximately $1,039 per year, or $86.58 per month.
OVL dividend yield and income
Price as of 2026-10-02.
The distribution rate (10.39%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (8.30%) is the last year of payments divided by the current price. The last dividend was $0.493. The last ex-dividend date was 09/29/2026. It was paid on 09/30/2026. At the current 10.39% distribution rate, a $10,000 investment would generate approximately $1,039 per year, or $86.58 per month.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-29 | $0.493 | -0.2% |
| 2026-08-27 | $0.494 | 1.2% |
| 2026-07-29 | $0.488 | 0.6% |
| 2026-06-26 | $0.485 | -2.6% |
| 2026-05-27 | $0.498 | 6.2% |
| 2026-04-28 | $0.469 | 6.3% |
| 2026-03-27 | $0.441 | -5.4% |
| 2026-02-25 | $0.466 | -1.1% |
| 2026-01-28 | $0.471 | N/A |
| 2025-12-23 | $0.42 | 2.4% |
| 2025-10-03 | $0.41 | 5.1% |
| 2025-07-03 | $0.39 | 4.3% |
| 2025-04-03 | $0.374 | -3.9% |
| 2024-12-24 | $0.389 | 3.5% |
| 2024-10-03 | $0.376 | -0.3% |
| 2024-07-03 | $0.377 | 24.4% |
| 2024-04-03 | $0.303 | -11.9% |
| 2023-12-27 | $0.344 | 15.1% |
| 2023-10-03 | $0.299 | -6.0% |
| 2023-07-05 | $0.318 | 7.8% |
| 2023-04-04 | $0.295 | -2.0% |
| 2022-12-28 | $0.301 | 10.7% |
| 2022-10-04 | $0.272 | -4.6% |
| 2022-07-05 | $0.285 | -10.1% |
| 2022-04-04 | $0.317 | -43.9% |
| 2021-12-29 | $0.565 | 83.4% |
| 2021-10-04 | $0.308 | -1.3% |
| 2021-07-02 | $0.312 | 7.6% |
| 2021-04-05 | $0.29 | -23.5% |
| 2020-12-28 | $0.379 | 42.5% |
| 2020-10-02 | $0.266 | 297.0% |
| 2020-06-26 | $0.067 | 3.1% |
| 2020-03-27 | $0.065 | -52.6% |
| 2019-12-27 | $0.137 | — |
| 2019 total (partial launch year) | $0.137 | — |
| 2020 total | $0.777 | — |
| 2021 total | $1.475 | 89.8% |
| 2022 total | $1.175 | -20.3% |
| 2023 total | $1.256 | 6.9% |
| 2024 total | $1.445 | 15.0% |
| 2025 total | $1.594 | 10.3% |
| 2026 YTD total (cadence changed) | $4.305 | 266.7% vs prior-year YTD |
OVL dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +202.3%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -8.83%.
| Window | Change |
|---|---|
| 1Y | +202.3% |
| 3Y | 289.5% |
| 5Y | 266.6% |
OVL holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: VOO (physical holdings below may be collateral and options, not the reference asset itself).
OVL performance versus VOO
Price and return data through 2026-10-02.
Total return is 206.3% over the past 7 years, 15.0 points ahead of VOO at 191.3%. Over the past year its total return — price change plus distributions reinvested — is 18.9%. Its deepest 1-year drawdown was 8.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.1% | — |
| 3M | 3.5% | — |
| 6M | 18.3% | — |
| YTD | 15.7% | — |
| 1Y | 18.9% | — |
| 2Y CAGR | — | 18.50% |
| 3Y CAGR | — | 25.50% |
| 5Y CAGR | — | 13.90% |
| Since inception (7 years) | 206.3% | 17.30% |
OVL key facts
- Distribution Safety Score™
- 92 · Safe
- Safety-Adjusted Yield
- 9.56%
- Issuer
- Overlay Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/30/2019
- Expense ratio
- 0.79%
- Distribution rate
- 10.39%
- Distribution frequency
- Monthly
- Trailing yield
- 8.30%
- Last close
- $56.94 (as of 2026-10-02)
- AUM
- $462,123,219
- Average volume
- 188600.0
- Last dividend
- $0.493
- Last ex-dividend date
- 09/29/2026
- Last payment date
- 09/30/2026 (as of 2026-09-30)
- Beta
- 1.17
- P/E ratio
- 24.3767
How Dividend Vision calculates yield and returns
Distribution rate (10.39%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (8.30%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Overlay Shares or company page; Index: S&P 500 (VOO); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
OVL risks and drawbacks
The deepest 1-year drawdown on record here is 8.7%.
Who may consider OVL — and who may not
OVL may suit someone looking for a high Distribution Safety Score. This is educational context, not a recommendation to buy or sell.
Compare OVL
OVL vs similar funds:
Frequently asked questions
Does OVL pay monthly?
Yes. OVL currently pays monthly.
What index does OVL track?
OVL tracks the S&P 500 (VOO).
What is OVL's expense ratio?
OVL's expense ratio is 0.79%.
What is OVL's dividend yield?
OVL's distribution rate is 10.39%, paid monthly, with a 0.79% expense ratio — the latest regular payout annualised, not a trailing 12-month yield (data as of October 2, 2026).
How has OVL's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +202.3%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does OVL pay a dividend?
OVL pays monthly. The last dividend was $0.493. The last ex-dividend date was 09/29/2026. It was paid on 09/30/2026.
How has OVL performed?
Total return is 206.3% over the past 7 years, 15.0 points ahead of VOO at 191.3%. Over the past year its total return — price change plus distributions reinvested — is 18.9%. Its deepest 1-year drawdown was 8.7%.
Is OVL a good investment?
OVL's Dividend Vision Distribution Safety Score is 92 (Safe). That is a risk signal, not investment advice. Its distribution rate is 10.39% (the latest regular payout annualised, not a trailing yield). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Overlay Shares.
Tickers
Holdings as-of date unavailable.
| Ticker | Name | Weight |
|---|
See how this investment would fit into your portfolio.