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OVLvsHEGDETF Comparison
Overlay Shares Large Cap Equity ETF (OVL) and Swan Hedged Equity US Large Cap ETF (HEGD) belong to the same industry segment: Options Strategies. OVL's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, HEGD's top sector exposures are Information Technology, Communication Services and Financials. OVL is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.88% for HEGD. OVL is down -2.21% year-to-date (YTD) with -$103K in YTD flows. HEGD performs better with -1.13% YTD performance, and +$10M in YTD flows. Run a side-by-side ETF comparison of OVL and HEGD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
OVL vs HEGD performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVL HEGD | -2.69%-1.45% | -1.64%-1.07% | -2.21%-1.13% | +24.47%+15.00% | +85.93%+48.51% | +78.63%+46.65% |
| Flows | OVL HEGD | +$2M-$7M | -$2M+$14M | -$103K+$10M | -$17M+$187M | -$33M+$389M | -$10M+$487M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL HEGD | +14.52%+6.04% | +20.43%+8.33% | +16.96%+8.15% | +18.83%+9.17% |
| Max drawdown | OVL HEGD | -4.80%-2.33% | -15.55%-4.69% | -21.55%-8.39% | -28.68%-14.21% |
| Max drawdown duration | OVL HEGD | 16d45d | 45d36d | 133d124d | 745d721d |
OVL | HEGD | |
Last sale 3/13/2026 at 1:30 PM | $51.08 | $24.94 |
| Previous close 03/12/2026 | $51.54 | $25.03 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
OVL | HEGD | |
|---|---|---|
| Last price | $51.08 | $24.94 |
| 1D performance | -0.89% | -0.36% |
| AuM | $173.84 M | $604.50 M |
| E/R | 0.79% | 0.88% |
OVL | HEGD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | Swan Capital Management |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | December 23, 2020 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the OVL and HEGD ETFs performed in 2026?
As of March 13, 2026, OVL is down -2.21% year-to-date (YTD), while HEGD has lost -1.13%. That puts HEGD better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or HEGD?
Year-to-date, the OVL ETF saw -$103K in flows, compared to +$10M for HEGD.
Which ETF is more volatile: OVL or HEGD?
Over the past year, OVL had a volatility of 20.43%, while HEGD experienced 8.33%.
Which ETF is bigger: OVL or HEGD?
As of March 13, 2026, OVL holds $173.84 M in assets under management (AUM), while HEGD manages $604.50 M.
What sectors do the OVL and HEGD ETFs invest in?
OVL leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, HEGD focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the OVL ETF and HEGD ETF?
OVL top holdings include NVIDIA, APPLE and MICROSOFT-T. HEGD holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVL or HEGD?
OVL holds 503 securities with 43.91% of its assets in the top 15. HEGD has 502 securities and a top 15 weight of 39.41%.
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