OVLvsOVLHETF Comparison
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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 up 10.84% year-to-date (YTD) with +$84M in YTD flows. OVLH performs worse with 5.79% YTD performance, and +$7M 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.
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OVL vs OVLH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVL OVLH | +0.14%-0.13% | +12.62%+7.67% | +10.84%+5.79% | +28.57%+15.57% | +83.48%+55.18% | +85.94%+54.72% |
| Flows | OVL OVLH | +$36M+$6M | +$84M+$9M | +$84M+$7M | +$25M+$32M | +$46M-$9M | +$39M+$74M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL OVLH | +16.69%+10.05% | +14.27%+8.31% | +17.10%+9.47% | +18.98%+11.30% |
| Max drawdown | OVL OVLH | -5.91%-3.41% | -8.71%-6.25% | -21.55%-9.59% | -28.68%-20.03% |
| Max drawdown duration | OVL OVLH | 21d10d | 47d78d | 133d134d | 745d771d |
Trading data
OVL | OVLH | |
Last sale 6/12/2026 at 1:30 PM | $56.48 | $41.65 |
| Previous close 06/11/2026 | $56.16 | $41.49 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
OVL | OVLH | |
|---|---|---|
| Last price | $56.48 | $41.65 |
| 1D performance | +0.57% | +0.39% |
| AuM | $276.63 M | $115.63 M |
| E/R | 0.79% | 0.85% |
Characteristics
OVL | OVLH | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | January 15, 2021 |
| ESG | No | No |
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Exposure
Countries
OVL
USA
96.64%
Other
3.36%
OVLH
USA
94.91%
Other
5.09%
Sectors
OVL
Information Techn.
35.61%
Communication Ser.
10.96%
Consumer Discreti.
10.09%
Financials
9.73%
Health Care
8.36%
Industrials
8.07%
Other
17.18%
OVLH
Information Techn.
34.97%
Communication Ser.
10.76%
Consumer Discreti.
9.91%
Financials
9.56%
Health Care
8.21%
Industrials
7.92%
Other
18.66%
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Diversification
OVL
Total weight of top 15 holdings out of 15
43.74%
OVLH
Total weight of top 15 holdings out of 15
42.96%
Top 15 holdings
Data as of April 30, 2026
OVL
NVIDIA
7.84%
APPLE
6.44%
MICROSOFT-T
4.89%
AMAZON.COM INC
4.18%
ALPHABET INC-CL
3.62%
BROADCOM LIMITED
3.20%
ALPHABET INC-CL
2.89%
META PLATFORMS
2.16%
TESLA
1.73%
BERKSHIRE HATHWAY
1.40%
JPMORGAN CHASE
1.27%
LILLY
1.20%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.93%
OVLH
NVIDIA
7.70%
APPLE
6.32%
MICROSOFT-T
4.80%
AMAZON.COM INC
4.11%
ALPHABET INC-CL
3.55%
BROADCOM LIMITED
3.14%
ALPHABET INC-CL
2.83%
META PLATFORMS
2.12%
TESLA
1.70%
BERKSHIRE HATHWAY
1.38%
JPMORGAN CHASE
1.25%
LILLY
1.18%
EXXON
1.02%
MICRON TECHNOLOGY
0.92%
WALMART INC
0.92%
Frequently asked questions about OVL and OVLH
How have the OVL and OVLH ETFs performed in 2026?
As of June 12, 2026, OVL is up 10.84% year-to-date (YTD), while OVLH has returned 5.79%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or OVLH?
Year-to-date, the OVL ETF saw +$84M in flows, compared to +$7M for OVLH.
Which ETF is more volatile: OVL or OVLH?
Over the past year, OVL had a volatility of 14.27%, while OVLH experienced 8.31%.
Which ETF is bigger: OVL or OVLH?
As of June 12, 2026, OVL holds $276.63 M in assets under management (AUM), while OVLH manages $115.63 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 43.74% of its assets in the top 15. OVLH has 503 securities and a top 15 weight of 42.96%.
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