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OVLHvsHEGDETF Comparison
Overlay Shares Hedged Large Cap Equity ETF (OVLH) and Swan Hedged Equity US Large Cap ETF (HEGD) belong to the same industry segment: Options Strategies. OVLH's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, HEGD's top sector exposures are Information Technology, Communication Services and Financials. OVLH is less expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.88% for HEGD. OVLH is down -1.75% year-to-date (YTD) with -$3M in YTD flows. HEGD performs better with -0.9% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of OVLH and HEGD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
OVLH vs HEGD performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVLH HEGD | -1.53%-1.12% | -1.82%-0.95% | -1.75%-0.90% | +16.78%+14.45% | +58.99%+48.85% | +52.42%+47.54% |
| Flows | OVLH HEGD | -$772K-$7M | -$2M+$12M | -$3M+$9M | +$51M+$185M | -$18M+$388M | +$69M+$486M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVLH HEGD | +7.85%+6.03% | +9.93%+8.36% | +9.63%+8.15% | +11.27%+9.17% |
| Max drawdown | OVLH HEGD | -3.16%-2.11% | -5.00%-4.69% | -9.59%-8.39% | -20.03%-14.21% |
| Max drawdown duration | OVLH HEGD | 44d44d | 29d36d | 134d124d | 771d721d |
OVLH | HEGD | |
Last sale 3/13/2026 at 1:30 PM | $38.49 | $24.94 |
| Previous close 03/12/2026 | $38.64 | $25.03 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
OVLH | HEGD | |
|---|---|---|
| Last price | $38.49 | $24.94 |
| 1D performance | -0.39% | -0.36% |
| AuM | $98.51 M | $604.13 M |
| E/R | 0.85% | 0.88% |
OVLH | HEGD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | Swan Capital Management |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 15, 2021 | December 23, 2020 |
| 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 OVLH and HEGD ETFs performed in 2026?
As of March 12, 2026, OVLH is down -1.75% year-to-date (YTD), while HEGD has lost -0.9%. That puts HEGD better performer ahead so far this year.
Which ETF is attracting more investor money: OVLH or HEGD?
Year-to-date, the OVLH ETF saw -$3M in flows, compared to +$9M for HEGD.
Which ETF is more volatile: OVLH or HEGD?
Over the past year, OVLH had a volatility of 9.93%, while HEGD experienced 8.36%.
Which ETF is bigger: OVLH or HEGD?
As of March 12, 2026, OVLH holds $98.51 M in assets under management (AUM), while HEGD manages $604.13 M.
What sectors do the OVLH and HEGD ETFs invest in?
OVLH leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, HEGD focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the OVLH ETF and HEGD ETF?
OVLH top holdings include NVIDIA, APPLE and MICROSOFT-T. HEGD holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVLH or HEGD?
OVLH holds 503 securities with 43.08% of its assets in the top 15. HEGD has 502 securities and a top 15 weight of 39.41%.
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.
