Overlay Shares Large Cap Equity Mutual Fund (OVL)
BATS BATS Primary 
OVL: Put Spread ETF Reaching Its Objective, Yet Unconvincing
Overlay Shares Large Cap Equity ETF offers S&P 500 exposure with a put spread strategy to enhance dividends and hedge against moderate downturns. Since inception, OVL has outperformed the S&P 500 in total return but with higher volatility and a lower Sharpe ratio. Distribution yield looks unstable, and the current payout may not be sustainable long term.
OVL Vs. VOO: Old Dog Meets The New Dog
I am always seeking ways to enhance total returns by exploring funds with options and derivative overlays on desirable assets. Investing in the S&P 500 can be efficiently achieved through low-cost funds like the Vanguard S&P 500 ETF. Utilizing options and derivatives on top of core assets can potentially boost portfolio performance. The focus is on integrating these strategies with assets I already want to own.
