MVPLvsOVLETF Comparison
VS
Miller Value Partners Leverage ETF (MVPL) belongs to the Alternatives segment. Overlay Shares Large Cap Equity ETF (OVL) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. MVPL is more expensive with a Total Expense Ratio (TER) of 1.39%, versus 0.79% for OVL. MVPL is up 8.28% year-to-date (YTD) with +$352K in YTD flows. OVL performs worse with 6.99% YTD performance, and +$26M in YTD flows. Run a side-by-side ETF comparison of MVPL and OVL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MVPL vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MVPL OVL | +18.65%+13.53% | +4.50%+4.40% | +8.28%+6.99% | +51.73%+36.73% | n/a+87.12% | n/a+84.04% |
| Flows | MVPL OVL | -+$34M | +$352K+$27M | +$352K+$26M | +$11M-$12M | --$7M | -+$14M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MVPL OVL | +22.80%+17.20% | +21.96%+14.34% | n/a+17.07% | n/a+18.95% |
| Max drawdown | MVPL OVL | -12.22%-8.71% | -12.70%-8.71% | n/a-21.55% | n/a-28.68% |
| Max drawdown duration | MVPL OVL | 77d47d | 168d47d | n/a133d | n/a745d |
Trading data
MVPL | OVL | |
Last sale 4/27/2026 at 1:30 PM | $39.23 | $55.47 |
| Previous close 04/27/2026 | $39.13 | $55.40 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
MVPL | OVL | |
|---|---|---|
| Last price | $39.23 | $55.47 |
| 1D performance | +0.24% | +0.13% |
| AuM | $22.73 M | $215.09 M |
| E/R | 1.39% | 0.79% |
Characteristics
MVPL | OVL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Miller Value Funds | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 28, 2024 | September 25, 2019 |
| ESG | No | No |
Advertisement
Exposure
Countries
MVPL
USA
96.4%
Other
3.6%
OVL
USA
96.79%
Other
3.21%
Sectors
MVPL
Information Techn.
33.74%
Financials
10.33%
Communication Ser.
10.17%
Consumer Discreti.
9.96%
Health Care
9.27%
Industrials
8.28%
Other
18.25%
OVL
Information Techn.
33.91%
Financials
10.25%
Communication Ser.
10.23%
Consumer Discreti.
10.02%
Health Care
9.32%
Industrials
8.33%
Other
17.93%
Advertisement
Diversification
MVPL
Total weight of top 15 holdings out of 15
42.26%
OVL
Total weight of top 15 holdings out of 15
42.43%
Top 15 holdings
Data as of March 31, 2026
MVPL
NVIDIA
7.53%
APPLE
6.62%
MICROSOFT-T
4.89%
AMAZON.COM INC
3.62%
ALPHABET INC-CL
2.98%
BROADCOM LIMITED
2.61%
ALPHABET INC-CL
2.39%
META PLATFORMS
2.22%
TESLA
1.86%
BERKSHIRE HATHWAY
1.56%
JPMORGAN CHASE
1.41%
LILLY
1.30%
EXXON
1.26%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
OVL
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.92%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.34%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about MVPL and OVL
How have the MVPL and OVL ETFs performed in 2026?
As of April 27, 2026, MVPL is up 8.28% year-to-date (YTD), while OVL has returned 6.99%. That puts MVPL better performer ahead so far this year.
Which ETF is attracting more investor money: MVPL or OVL?
Year-to-date, the MVPL ETF saw +$352K in flows, compared to +$26M for OVL.
Which ETF is more volatile: MVPL or OVL?
Over the past year, MVPL had a volatility of 21.96%, while OVL experienced 14.34%.
Which ETF is bigger: MVPL or OVL?
As of April 27, 2026, MVPL holds $22.73 M in assets under management (AUM), while OVL manages $215.09 M.
What sectors do the MVPL and OVL ETFs invest in?
MVPL leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, OVL focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the MVPL ETF and OVL ETF?
MVPL top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: MVPL or OVL?
MVPL holds 502 securities with 42.26% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 42.43%.
Advertisement
Advertisement
