Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
OVLvsOVLHETF Comparison
Overlay Shares Large Cap Equity ETF (OVL) and Overlay Shares Hedged Large Cap Equity ETF (OVLH) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. OVL is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.85% for OVLH. OVL is down -2.21% year-to-date (YTD) with -$103K in YTD flows. OVLH performs better with -2.08% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of OVL and OVLH 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 OVLH performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVL OVLH | -2.69%-1.92% | -1.64%-2.03% | -2.21%-2.08% | +24.47%+17.29% | +85.93%+58.46% | +78.63%+51.26% |
| Flows | OVL OVLH | +$2M-$772K | -$2M-$2M | -$103K-$3M | -$17M+$51M | -$33M-$18M | -$10M+$69M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL OVLH | +14.52%+7.87% | +20.43%+9.90% | +16.96%+9.63% | +18.83%+11.27% |
| Max drawdown | OVL OVLH | -4.80%-3.49% | -15.55%-5.00% | -21.55%-9.59% | -28.68%-20.03% |
| Max drawdown duration | OVL OVLH | 16d45d | 45d29d | 133d134d | 745d771d |
OVL | OVLH | |
Last sale 3/13/2026 at 1:30 PM | $51.08 | $38.49 |
| Previous close 03/12/2026 | $51.54 | $38.64 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
OVL | OVLH | |
|---|---|---|
| Last price | $51.08 | $38.49 |
| 1D performance | -0.89% | -0.39% |
| AuM | $173.84 M | $98.18 M |
| E/R | 0.79% | 0.85% |
OVL | OVLH | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | January 15, 2021 |
| 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 OVLH ETFs performed in 2026?
As of March 13, 2026, OVL is down -2.21% year-to-date (YTD), while OVLH has lost -2.08%. That puts OVLH better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or OVLH?
Year-to-date, the OVL ETF saw -$103K in flows, compared to -$3M for OVLH.
Which ETF is more volatile: OVL or OVLH?
Over the past year, OVL had a volatility of 20.43%, while OVLH experienced 9.9%.
Which ETF is bigger: OVL or OVLH?
As of March 13, 2026, OVL holds $173.84 M in assets under management (AUM), while OVLH manages $98.18 M.
What sectors do the OVL and OVLH ETFs invest in?
OVL leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, OVLH focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the OVL ETF and OVLH ETF?
OVL top holdings include NVIDIA, APPLE and MICROSOFT-T. OVLH holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVL or OVLH?
OVL holds 503 securities with 43.91% of its assets in the top 15. OVLH has 503 securities and a top 15 weight of 43.08%.
Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
