OVL Overlay Shares Large Cap Equity ETF
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 57.42 | Day Range | 57.26 – 57.54 |
| 52-Week Range | 48.42 – 58.91 | Volume | 241.59K |
| Avg Volume | 116.34K | AUM | $182.9M (Aug 26, 2026) |
| Expense Ratio | 0.79% | Yield (TTM) | 7.22% |
| NAV | 57.66 | Premium/Discount | -0.38% indicative |
| Inception | Oct 01, 2019 | Holdings | — |
| Issuer | Overlay Shares | Exchange | CBOE |
| Category | Us Large Cap | Index Tracked | Not stated in source data |
| CUSIP | 53656F805 | ISIN | US53656F8059 |
| Structure | Inverse | ||
| Management | Actively managed (per issuer description) | ||
About this ETF
The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of U.S. large cap equity securities or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.
Description from the fund data provider · profile as of Aug 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +2.98% | -0.90% | +6.97% | +7.91% | +14.38% | +17.72% | +8.24% | — | +12.99% |
| Total return | +3.89% | +1.72% | +12.68% | +14.66% | +23.43% | +23.46% | +13.08% | — | +17.45% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.79% | Annual cost of a $10,000 investment | $79.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 9 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Vanguard S&P 500 ETF | VOO | 100.00% | 587.17K | $413.1M |
| 2 | SPXW US 08/24/26 P7650 | — | 0.00% | 127 | $0.00 |
| 3 | SPXW US 08/24/26 P7750 | — | 0.00% | -127 | $0.00 |
| 4 | Cash & Other | — | 0.00% | 227.23K | $0.00 |
| 5 | SPXW US 08/31/26 P7600 | — | 0.00% | -134 | $0.00 |
| 6 | SPXW US 08/28/26 P7550 | — | 0.00% | -131 | $0.00 |
| 7 | First American Government Obligations Fund… | — | 0.00% | 1.07M | $0.00 |
| 8 | SPXW US 08/31/26 P7500 | — | 0.00% | 134 | $0.00 |
| 9 | SPXW US 08/28/26 P7445 | — | 0.00% | 131 | $0.00 |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 7.22% | Paid (last 12 months) | $4.1462 |
| Frequency | Monthly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Jul 29, 2026 | Last payment | $0.4875 (Jul 30, 2026) |
| Growth 1Y | +171.31% | Growth 3Y / 5Y (ann.) | +51.78% / +27.16% |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Jul 29, 2026 | Jul 29, 2026 | Jul 30, 2026 | $0.4875 |
| Jun 26, 2026 | Jun 26, 2026 | Jun 29, 2026 | $0.4851 |
| May 27, 2026 | May 27, 2026 | May 28, 2026 | $0.4976 |
| Apr 28, 2026 | Apr 28, 2026 | Apr 29, 2026 | $0.4690 |
| Mar 27, 2026 | Mar 27, 2026 | Mar 30, 2026 | $0.4411 |
| Feb 25, 2026 | Feb 25, 2026 | Feb 26, 2026 | $0.4655 |
| Jan 28, 2026 | Jan 28, 2026 | Jan 29, 2026 | $0.4706 |
| Dec 23, 2025 | Dec 23, 2025 | Dec 24, 2025 | $0.4199 |
| Oct 03, 2025 | Oct 03, 2025 | Oct 06, 2025 | $0.4099 |
| Jul 03, 2025 | Jul 03, 2025 | Jul 07, 2025 | $0.3896 |
| Apr 03, 2025 | Apr 03, 2025 | Apr 04, 2025 | $0.3735 |
| Dec 24, 2024 | Dec 24, 2024 | Dec 26, 2024 | $0.3893 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 15.00% / 18.72% | Sharpe 1Y / 3Y | 1.41 / 1.18 |
| Max drawdown 1Y / 3Y | -8.73% / -21.73% | Sortino 1Y | 2.06 |
| Beta vs S&P 500 (3Y) | 1.13 | Correlation vs S&P 500 (1Y) | 0.986 |
| Downside deviation 1Y | 10.32% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 241.59K | Average volume | 116.34K |
| AUM | $182.9M | Premium/Discount | -0.38% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $182.9M → $182.9M |
| 1 Week | $1.2M | +0.66% | $182.9M → $182.9M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for OVL
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.