OVS ETF — Overlay Shares Small Cap Equity ETF
Overlay Shares Small Cap Equity ETF (OVS)
OVS is an ETF that tracks the S&P SmallCap 600 (IJR). As of August 20, 2026, its distribution rate is 10.45%, its trailing-12-month yield is 7.65%, its expense ratio is 0.83%. Dividend Vision Distribution Safety Score™ is 84/100 (Safe). Fund total return is 126.3% over the past 6.9 years, 11.1 points ahead of IJR at 115.2%.
At the current 10.45% distribution rate, a $10,000 investment would generate approximately $1,045 per year, or $87.08 per month on an equivalent basis.
OVS dividend yield and income
Data as of August 20, 2026.
The distribution rate (10.45%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (7.65%) is the last year of payments divided by the current price. The last dividend was $0.3620. The last ex-dividend date was 07/29/2026. It was paid on 07/30/2026. At 10.45%, $10,000 would generate about $1,045 a year ($87.08 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-07-29 | $0.362 | — |
| 2026-06-26 | $0.35 | 26.8% |
| 2026-05-27 | $0.348 | — |
| 2026-04-28 | $0.348 | — |
| 2026-03-27 | $0.32 | 26.5% |
| 2026-02-25 | $0.328 | — |
| 2026-01-28 | $0.334 | — |
| 2025-12-23 | $0.477 | -10.8% |
| 2025-10-03 | $0.311 | -8.3% |
| 2025-07-03 | $0.276 | -2.5% |
| 2025-04-03 | $0.253 | -4.9% |
| 2024-12-24 | $0.535 | 113.1% |
| 2024-10-03 | $0.339 | 20.2% |
| 2024-07-03 | $0.283 | 8.0% |
| 2024-04-03 | $0.266 | 6.4% |
| 2023-12-27 | $0.251 | -8.1% |
| 2023-10-03 | $0.282 | 3.3% |
| 2023-07-05 | $0.262 | 8.7% |
| 2023-04-04 | $0.25 | 21.4% |
| 2022-12-28 | $0.273 | -56.8% |
| 2022-10-04 | $0.273 | -20.9% |
| 2022-07-05 | $0.241 | -11.1% |
| 2022-04-04 | $0.206 | -22.6% |
| 2021-12-29 | $0.632 | 172.4% |
| 2021-10-04 | $0.345 | 65.1% |
| 2021-07-02 | $0.271 | 577.5% |
| 2021-04-05 | $0.266 | 565.0% |
| 2020-12-28 | $0.232 | 56.8% |
| 2020-10-02 | $0.209 | — |
| 2020-06-26 | $0.04 | — |
| 2020-03-27 | $0.04 | — |
| 2019-12-27 | $0.148 | — |
| 2019 total | $0.148 | — |
| 2020 total | $0.521 | 252.0% |
| 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 | $2.39 | 351.8% |
OVS dividend growth
Trailing-12-month distributions versus the preceding 12 months changed 19.43%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter. An annualized trend fit on recent payments is 26.22%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut. The deepest trailing-12-month payout decline in the past five years is -16.80%.
| Window | Change |
|---|---|
| 1Y | 126.5% |
| 3Y | 63.7% |
| 5Y | 575.4% |
OVS performance versus IJR
Data as of August 20, 2026.
Fund total return is 126.3% over the past 6.9 years, 11.1 points ahead of IJR at 115.2%. Its deepest 1-year drawdown was 8.5%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (6.9 years) | 126.3% | 12.60% |
| 3Y CAGR | — | 17.90% |
| 5Y CAGR | — | 8.70% |
OVS key facts
Data as of August 20, 2026.
- Distribution Safety Score™
- 84 · Safe
- Safety-Adjusted Yield
- 8.78%
- Issuer
- Overlay Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/30/2019
- Expense ratio
- 0.83%
- Distribution rate
- 10.45%
- Distribution frequency
- Monthly
- Trailing yield
- 7.65%
- Last close
- $41.56
- AUM
- $39,079,764
- Average volume
- 27466.0
- Last dividend
- $0.3620
- Ex-dividend date
- 07/29/2026
- Payment date
- 07/30/2026
- Beta
- 1.23
- P/E ratio
- 19.132
How Dividend Vision calculates yield and returns
Distribution rate (10.45%) 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 (7.65%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 20, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 20, 2026.
Primary sources: Overlay Shares fund 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 8.5%.
Who may consider OVS — and who may not
OVS may suit someone looking for a high Distribution Safety Score. This is educational context, not a recommendation to buy or sell.
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 currently yields 10.45%, paid monthly, with a 0.83% expense ratio.
How has OVS's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed 19.43%. That is not a single quarter versus the prior quarter.
When does OVS pay a dividend?
OVS pays monthly. The last dividend was $0.3620. The last ex-dividend date was 07/29/2026. It was paid on 07/30/2026.
How has OVS performed?
Fund total return is 126.3% over the past 6.9 years, 11.1 points ahead of IJR at 115.2%. Its deepest 1-year drawdown was 8.5%.
Is OVS a good investment?
OVS's Dividend Vision Distribution Safety Score is 84 (Safe). That is a risk signal, not investment advice. It currently yields 10.45%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from Overlay Shares.
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