OVQ, the Overlay Shares Nasdaq 100 Income ETF, is an ETF whose main story is the income overlay.
How it has performed
How OVQ has done, next to the ETFs carrying its narrative and the US market.
| Period | OVQ | The income overlay | US market |
|---|---|---|---|
| Since launch, October 2026 | +2.5% | – | – |
Returns are price change plus dividends. Its narrative is the ETFs carrying the income overlay, combined and weighted by size, leaving out leveraged and inverse ones. A dash means it has not traded for the whole period. Past performance, not a forecast or a recommendation.
Key facts
How it moves
OVQ has traded for less than a year, so how it moves against the market is not shown yet.
Risk
Against its peers
Nearest by size
The ETFs ranked just above and below OVQ by assets, among the 647 ETFs whose main narrative is the income overlay, largest first.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 634 | XLPX | under 0.1% | $359,645 | – | 0.45% |
| 635 | FBYY | under 0.1% | $318,830 | −41.1% | 1.07% |
| 636 | MMHI | – | – | – | 0.34% |
| 637 | MYML | – | – | – | 0.20% |
| 638 | NVII | – | – | +16.5% | 1.49% |
| 639 | OVQ | – | – | – | 0.97% |
| 640 | QQDH | – | – | – | 0.95% |
| 641 | SFEI | – | – | – | – |
| 642 | SLVI | – | – | – | 0.78% |
| 643 | SPDH | – | – | – | – |
| 644 | TSII | – | – | −13.0% | 1.52% |
Share is each ETF’s slice of the money in ETFs carrying this narrative. 1 year is price change plus dividends; cost is the yearly fee.
Cost against its peers
OVQ is the 469th cheapest of 620 ETFs in the income overlay. The dashed line is the middle of the group, a fee of 0.56% a year.
Where it sits in The income overlay
Each dot is one of 477 plain ETFs whose main narrative is the income overlay, placed by its return (up) and how much it swung (right) over the last year.
The narrative it carries
This is its only narrative.
The income overlay →
ETFs built to pay income: dividend stocks, municipal bonds, preferred shares and covered calls.
This week its attention level is 48.7, in the WARM band, 17th of 22. 677 ETFs carry it.
How it is built
A plain ETF that owns its holdings directly. It sells put options, collecting premium in exchange for downside exposure. It counts toward its narrative's share of money.
Common questions
What story is OVQ selling?
OVQ’s main story is the income overlay, which covers ETFs built to pay income: dividend stocks, municipal bonds, preferred shares and covered calls.
What does OVQ cost?
OVQ charges a yearly fee of 0.97%. It is the 469th cheapest of 620 comparable ETFs.
Is OVQ leveraged?
No. OVQ is a plain ETF: it aims to move one for one with what it holds.
When did OVQ launch?
OVQ launched on October 22, 2026 and is issued by Overlay.
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