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OVS ETF — Overlay Shares Small Cap Equity ETF
Overlay Shares Small Cap Equity ETF (OVS)
Updated October 16, 2026.
Verdict as of October 16, 2026
OVS's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (74/100, high confidence). It pays monthly and its distribution rate is 10.80%. The latest total cash payment per current share, $0.343 with an ex-date of September 29, 2026, was 5.0% lower than the previous $0.361. These payments are unclassified; this does not establish a base-dividend change.
Sources: Overlay Shares page for OVS, Section 19a-1 notices, scoring methodology.
OVS is an ETF that tracks the S&P SmallCap 600 (IJR). its distribution rate is 10.80%, its trailing-12-month yield is 9.37%, its expense ratio is 0.83%. Dividend Vision Distribution Safety Score™ is 74/100 (Generally safe). Total return is 107.9% over the past 7 years, 9.5 points ahead of IJR at 98.4%.
OVS dividend yield and income
Price as of 2026-10-16.
The distribution rate (10.80%) uses calculation basis unavailable. Trailing-12-month yield (9.37%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.343. The ex-dividend date is 09/29/2026. The payment date is 09/30/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-29 | $0.343 | -5.0% Unclassified cash |
| 2026-08-27 | $0.361 | -0.3% Unclassified cash |
| 2026-07-29 | $0.362 | 3.4% Unclassified cash |
| 2026-06-26 | $0.35 | 0.6% Unclassified cash |
| 2026-05-27 | $0.348 | 0.0% Unclassified cash |
| 2026-04-28 | $0.348 | 8.7% Unclassified cash |
| 2026-03-27 | $0.32 | -2.4% Unclassified cash |
| 2026-02-25 | $0.328 | -1.8% Unclassified cash |
| 2026-01-28 | $0.334 | N/A |
| 2025-12-23 | $0.477 | 53.4% Unclassified cash |
| 2025-10-03 | $0.311 | 12.7% Unclassified cash |
| 2025-07-03 | $0.276 | 9.1% Unclassified cash |
| 2025-04-03 | $0.253 | -52.7% Unclassified cash |
| 2024-12-24 | $0.535 | 57.8% Unclassified cash |
| 2024-10-03 | $0.339 | 19.8% Unclassified cash |
| 2024-07-03 | $0.283 | 6.4% Unclassified cash |
| 2024-04-03 | $0.266 | 6.0% Unclassified cash |
| 2023-12-27 | $0.251 | -11.0% Unclassified cash |
| 2023-10-03 | $0.282 | 7.6% Unclassified cash |
| 2023-07-05 | $0.262 | 4.8% Unclassified cash |
| 2023-04-04 | $0.25 | -8.4% Unclassified cash |
| 2022-12-28 | $0.273 | 0.0% Unclassified cash |
| 2022-10-04 | $0.273 | 13.3% Unclassified cash |
| 2022-07-05 | $0.241 | 17.0% Unclassified cash |
| 2022-04-04 | $0.206 | -67.4% Unclassified cash |
| 2021-12-29 | $0.632 | 83.2% Unclassified cash |
| 2021-10-04 | $0.345 | 27.3% Unclassified cash |
| 2021-07-02 | $0.271 | 1.9% Unclassified cash |
| 2021-04-05 | $0.266 | 14.7% Unclassified cash |
| 2020-12-28 | $0.232 | 11.0% Unclassified cash |
| 2020-10-02 | $0.209 | 422.5% Unclassified cash |
| 2020-06-26 | $0.04 | 0.0% Unclassified cash |
| 2020-03-27 | $0.04 | -73.0% Unclassified cash |
| 2019-12-27 | $0.148 | — |
| 2019 total (partial launch year) | $0.148 | — |
| 2020 total | $0.521 | — |
| 2021 total | $1.514 | 190.6% |
| 2022 total | $0.993 | -34.4% |
| 2023 total | $1.045 | 5.2% |
| 2024 total | $1.423 | 36.2% |
| 2025 total | $1.317 | -7.4% |
| 2026 YTD total (cadence changed) | $3.094 | 268.3% vs prior-year YTD |
OVS dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +159.7%. 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 -16.80%.
| Window | Change |
|---|---|
| 1Y | +159.7% |
| 3Y | 234.7% |
| 5Y | 220.6% |
OVS holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: IJR (physical holdings below may be collateral and options, not the reference asset itself).
OVS performance versus IJR
Price and return data through 2026-10-16.
Total return is 107.9% over the past 7 years, 9.5 points ahead of IJR at 98.4%. Over the past year its total return — price change plus distributions reinvested — is 18.8%. Its deepest 1-year drawdown was 9.9%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -2.4% | — |
| 3M | -7.6% | — |
| 6M | 3.0% | — |
| YTD | 15.5% | — |
| 1Y | 18.8% | — |
| 2Y CAGR | — | 9.20% |
| 3Y CAGR | — | 17.00% |
| 5Y CAGR | — | 5.70% |
| Since inception (7 years) | 107.9% | 11.00% |
OVS key facts
- Distribution Safety Score™
- 74 · Generally safe
- Safety-Adjusted Yield
- 7.99%
- Issuer
- Overlay Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/30/2019
- Expense ratio
- 0.83%
- Distribution rate
- 10.80%
- Distribution frequency
- Monthly
- Trailing yield
- 9.37%
- Last close
- $38.09 (as of 2026-10-16)
- AUM
- $41,049,455
- Average volume
- 8170.0
- Dividend
- $0.343
- Ex-dividend date
- 09/29/2026
- Payment date
- 09/30/2026
- Beta
- 1.22
How Dividend Vision calculates yield and returns
Distribution rate (10.80%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (9.37%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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 SmallCap 600 (IJR); 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.
OVS risks and drawbacks
The deepest 1-year drawdown on record here is 9.9%.
More on OVS
Frequently asked questions
Does OVS pay monthly?
Yes. OVS currently pays monthly.
What index does OVS track?
OVS tracks the S&P SmallCap 600 (IJR).
What is OVS's expense ratio?
OVS's expense ratio is 0.83%.
What is OVS's dividend yield?
OVS's distribution rate is 10.80%, paid monthly, with a 0.83% expense ratio — calculation basis unavailable.
How has OVS's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +159.7%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does OVS pay a dividend?
OVS pays monthly. The dividend amount is $0.343. The ex-dividend date is 09/29/2026. The payment date is 09/30/2026.
How has OVS performed?
Total return is 107.9% over the past 7 years, 9.5 points ahead of IJR at 98.4%. Over the past year its total return — price change plus distributions reinvested — is 18.8%. Its deepest 1-year drawdown was 9.9%.
Is OVS a good investment?
OVS's Dividend Vision Distribution Safety Score is 74 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 10.80% (calculation basis unavailable). 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.
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