OVLvsKHPIETF Comparison
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Overlay Shares Large Cap Equity ETF (OVL) and Kensington Hedged Premium Income ETF (KHPI) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. OVL is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.96% for KHPI. OVL is up 10.7% year-to-date (YTD) with +$157M in YTD flows. KHPI performs worse with 5.85% YTD performance, and +$146M in YTD flows. Run a side-by-side ETF comparison of OVL and KHPI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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OVL vs KHPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVL KHPI | -0.29%+0.78% | +3.99%+3.37% | +10.70%+5.85% | +20.10%+10.60% | +74.32%n/a | +78.89%n/a |
| Flows | OVL KHPI | +$47M+$8M | +$132M+$48M | +$157M+$146M | +$155M+$253M | +$124M- | +$112M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL KHPI | +14.31%+7.07% | +14.63%+6.90% | +17.18%n/a | +18.99%n/a |
| Max drawdown | OVL KHPI | -5.22%-2.78% | -8.71%-6.36% | -21.55%n/a | -28.68%n/a |
| Max drawdown duration | OVL KHPI | 56d37d | 47d50d | 133dn/a | 745dn/a |
Trading data
OVL | KHPI | |
Last sale 7/29/2026 at 1:30 PM | $54.34 | $25.81 |
| Previous close 07/28/2026 | $55.90 | $25.97 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
OVL | KHPI | |
|---|---|---|
| Last price | $54.34 | $25.81 |
| 1D performance | -2.79% | -0.62% |
| AuM | $347.08 M | $413.08 M |
| E/R | 0.79% | 0.96% |
Characteristics
OVL | KHPI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | Kensington Asset Management |
| Benchmark | - | - |
| N° of holdings | 496 | 496 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | September 3, 2024 |
| ESG | No | No |
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Exposure
Countries
OVL
USA
96.33%
Other
3.67%
KHPI
USA
95.65%
Other
4.35%
Sectors
OVL
Technology
45.33%
Finance
12.86%
Consumer Non-Cycl.
8.68%
Healthcare
8.58%
Industrials
7.87%
Other
16.68%
KHPI
Technology
45.01%
Finance
12.77%
Consumer Non-Cycl.
8.62%
Healthcare
8.52%
Industrials
7.81%
Other
17.26%
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Diversification
OVL
Total weight of top 15 holdings out of 15
42.59%
KHPI
Total weight of top 15 holdings out of 15
42.29%
Top 15 holdings
Data as of June 30, 2026
OVL
NVIDIA Corp.
7.43%
Apple, Inc.
6.52%
Microsoft Corp.
4.25%
Amazon.com, Inc.
3.58%
Alphabet, Inc.
3.21%
Broadcom Inc.
2.74%
Alphabet, Inc.
2.56%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.90%
Tesla, Inc.
1.82%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.45%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.24%
Intel Corp.
1.01%
KHPI
NVIDIA Corp.
7.38%
Apple, Inc.
6.47%
Microsoft Corp.
4.22%
Amazon.com, Inc.
3.55%
Alphabet, Inc.
3.19%
Broadcom Inc.
2.72%
Alphabet, Inc.
2.54%
Micron Technology, Inc.
1.98%
Meta Platforms, Inc.
1.88%
Tesla, Inc.
1.80%
Eli Lilly & Co.
1.45%
Advanced Micro Devices, Inc.
1.44%
Berkshire Hathaway, Inc.
1.40%
JPMorgan Chase & Co.
1.23%
Intel Corp.
1.01%
Frequently asked questions about OVL and KHPI
How have the OVL and KHPI ETFs performed in 2026?
As of July 28, 2026, OVL is up 10.7% year-to-date (YTD), while KHPI has returned 5.85%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or KHPI?
Year-to-date, the OVL ETF saw +$157M in flows, compared to +$146M for KHPI.
Which ETF is more volatile: OVL or KHPI?
Over the past year, OVL had a volatility of 14.63%, while KHPI experienced 6.9%.
Which ETF is bigger: OVL or KHPI?
As of July 28, 2026, OVL holds $347.08 M in assets under management (AUM), while KHPI manages $413.08 M.
What sectors do the OVL and KHPI ETFs invest in?
OVL leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, KHPI focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the OVL ETF and KHPI ETF?
OVL top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. KHPI holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: OVL or KHPI?
OVL holds 503 securities with 42.59% of its assets in the top 15. KHPI has 503 securities and a top 15 weight of 42.29%.
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