OVLvsVOOETF Comparison
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Overlay Shares Large Cap Equity ETF (OVL) belongs to the Options Strategies segment. Vanguard S&P 500 ETF (VOO) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. OVL is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.03% for VOO. OVL is up 10.7% year-to-date (YTD) with +$157M in YTD flows. VOO performs worse with 9.21% YTD performance, and +$79.62B in YTD flows. Run a side-by-side ETF comparison of OVL and VOO 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 VOO 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 VOO | -0.29%-0.09% | +3.99%+4.35% | +10.70%+9.21% | +20.10%+17.62% | +74.32%+68.61% | +78.89%+81.08% |
| Flows | OVL VOO | +$47M+$22.75B | +$132M+$34.83B | +$157M+$79.62B | +$155M+$146.21B | +$124M+$351.64B | +$112M+$431.47B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL VOO | +14.31%+12.82% | +14.63%+12.69% | +17.18%+14.95% | +18.99%+17.15% |
| Max drawdown | OVL VOO | -5.22%-4.46% | -8.71%-8.90% | -21.55%-18.75% | -28.68%-24.52% |
| Max drawdown duration | OVL VOO | 56d56d | 47d76d | 133d126d | 745d708d |
Trading data
OVL | VOO | |
Last sale 7/29/2026 at 1:30 PM | $54.34 | $670.63 |
| Previous close 07/28/2026 | $55.90 | $680.96 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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OVL
is actively managed and doesn’t replicate an indexOVL | VOO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
OVL | VOO | |
|---|---|---|
| Last price | $54.34 | $670.63 |
| 1D performance | -2.79% | -1.52% |
| AuM | $347.08 M | $986.44 B |
| E/R | 0.79% | 0.03% |
Characteristics
OVL | VOO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Overlay Shares | Vanguard |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 496 | 496 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | September 7, 2010 |
| ESG | No | No |
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Exposure
Countries
OVL
USA
96.33%
Other
3.67%
VOO
USA
97.12%
Other
2.88%
Sectors
OVL
Technology
45.33%
Finance
12.86%
Consumer Non-Cycl.
8.68%
Healthcare
8.58%
Industrials
7.87%
Other
16.68%
VOO
Technology
45.7%
Finance
12.96%
Consumer Non-Cycl.
8.75%
Healthcare
8.65%
Industrials
7.93%
Other
15.99%
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Diversification
OVL
Total weight of top 15 holdings out of 15
42.59%
VOO
Total weight of top 15 holdings out of 15
42.94%
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%
VOO
NVIDIA Corp.
7.50%
Apple, Inc.
6.57%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.77%
Alphabet, Inc.
2.58%
Micron Technology, Inc.
2.01%
Meta Platforms, Inc.
1.91%
Tesla, Inc.
1.83%
Eli Lilly & Co.
1.47%
Advanced Micro Devices, Inc.
1.47%
Berkshire Hathaway, Inc.
1.42%
JPMorgan Chase & Co.
1.25%
Intel Corp.
1.02%
Frequently asked questions about OVL and VOO
How have the OVL and VOO ETFs performed in 2026?
As of July 28, 2026, OVL is up 10.7% year-to-date (YTD), while VOO has returned 9.21%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or VOO?
Year-to-date, the OVL ETF saw +$157M in flows, compared to +$79.62B for VOO.
Which ETF is more volatile: OVL or VOO?
Over the past year, OVL had a volatility of 14.63%, while VOO experienced 12.69%.
Which ETF is bigger: OVL or VOO?
As of July 28, 2026, OVL holds $347.08 M in assets under management (AUM), while VOO manages $986.44 B.
What sectors do the OVL and VOO ETFs invest in?
OVL leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, VOO focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the OVL ETF and VOO ETF?
OVL top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. VOO holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: OVL or VOO?
OVL holds 503 securities with 42.59% of its assets in the top 15. VOO has 503 securities and a top 15 weight of 42.94%.
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