Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
OVLvsSPYMETF Comparison
Overlay Shares Large Cap Equity ETF (OVL) belongs to the Options Strategies segment. State Street SPDR Portfolio S&P 500 ETF (SPYM) is part of the US Large Cap segment. OVL's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, SPYM's top sector exposures are Information Technology, Communication Services and Financials. OVL is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.02% for SPYM. OVL is down -1.57% year-to-date (YTD) with -$103K in YTD flows. SPYM performs worse with -2.29% YTD performance, and +$10.64B in YTD flows. Run a side-by-side ETF comparison of OVL and SPYM 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 SPYM performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVL SPYM | -1.97%-2.22% | -1.21%-1.98% | -1.57%-2.29% | +23.39%+20.66% | +87.13%+80.35% | +80.90%+81.73% |
| Flows | OVL SPYM | +$2M+$2.01B | -$2M+$8.22B | -$103K+$10.64B | -$16M+$36.95B | -$33M+$68.45B | -$10M+$74.95B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL SPYM | +14.46%+11.72% | +20.48%+18.22% | +16.97%+14.80% | +18.83%+16.82% |
| Max drawdown | OVL SPYM | -4.19%-4.22% | -15.55%-13.70% | -21.55%-18.74% | -28.68%-24.50% |
| Max drawdown duration | OVL SPYM | 15d44d | 45d45d | 133d126d | 745d708d |
OVL | SPYM | |
Last sale 3/13/2026 at 1:30 PM | $51.08 | |
| Previous close 03/12/2026 | $51.54 | |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
OVL | SPYM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
OVL | SPYM | |
|---|---|---|
| Last price | $51.08 | – |
| 1D performance | -0.89% | – |
| AuM | $174.96 M | $104.86 B |
| E/R | 0.79% | 0.02% |
OVL | SPYM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Overlay Shares | SPDR |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 479 | 479 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | November 8, 2005 |
| 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 SPYM ETFs performed in 2026?
As of March 12, 2026, OVL is down -1.57% year-to-date (YTD), while SPYM has lost -2.29%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or SPYM?
Year-to-date, the OVL ETF saw -$103K in flows, compared to +$10.64B for SPYM.
Which ETF is more volatile: OVL or SPYM?
Over the past year, OVL had a volatility of 20.48%, while SPYM experienced 18.22%.
Which ETF is bigger: OVL or SPYM?
As of March 12, 2026, OVL holds $174.96 M in assets under management (AUM), while SPYM manages $104.86 B.
What sectors do the OVL and SPYM ETFs invest in?
OVL leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, SPYM focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the OVL ETF and SPYM ETF?
OVL top holdings include NVIDIA, APPLE and MICROSOFT-T. SPYM holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVL or SPYM?
OVL holds 503 securities with 43.91% of its assets in the top 15. SPYM has 503 securities and a top 15 weight of 44.01%.
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.
