Overlay Shares Large Cap Equity ETF (OVL) is newly tracked — analyst coverage is still building.
2 YouTube analysts cover Overlay Shares Large Cap Equity ETF (OVL).
2 analysts have covered OVL so far…
OVL is the top performer among the listed S&P 500 income ETFs, outperforming the S&P 500 itself via a put strategy holding VOO.
OVL holds VOO and writes puts on it. The strategy has delivered the highest total return since inception, outperforming even VOO and other covered call ETFs like GPIX.
OVL is an S&P 500 put-writing ETF that has outperformed VOO since inception with a 10% monthly yield.
OVL holds VOO and writes out-of-the-money put options on the S&P 500, generating income on top of index returns. Since its 2019 inception, total return is 199% versus VOO's 181%, making it a rare case of consistent outperformance. For income-oriented investors who favor the S&P 500, this is positioned as a no-brainer.
OVL pairs a S&P 500 base with short-term put spreads to support double-digit distributions while keeping net asset value returns roughly in line with (slightly above) the S&P 500 since 2019.
OVL targets higher current income plus total return than the S&P 500 total return index using a short-term ladder put spread overlay. Since 2019, OVL shows about 17.03% net asset value returns versus about 16.14% for the S&P 500, while the distribution rate sits around 10.16%.
No official filings surfaced for OVL yet.
