OVLHvsKHPIETF Comparison
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Overlay Shares Hedged Large Cap Equity ETF (OVLH) and Kensington Hedged Premium Income ETF (KHPI) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. OVLH is less expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.96% for KHPI. OVLH is up 3.08% year-to-date (YTD) with -$4M in YTD flows. KHPI performs worse with 2.63% YTD performance, and +$97M in YTD flows. Run a side-by-side ETF comparison of OVLH and KHPI 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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OVLH vs KHPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVLH KHPI | +6.52%+6.01% | +1.96%+1.84% | +3.08%+2.63% | +20.18%+18.51% | +57.30%n/a | +53.03%n/a |
| Flows | OVLH KHPI | -$2M+$20M | -$4M+$67M | -$4M+$97M | +$34M+$235M | -$19M- | +$66M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVLH KHPI | +9.49%+9.13% | +8.19%+7.03% | +9.67%n/a | +11.30%n/a |
| Max drawdown | OVLH KHPI | -6.25%-6.36% | -6.25%-6.36% | -9.59%n/a | -20.03%n/a |
| Max drawdown duration | OVLH KHPI | 78d50d | 78d50d | 134dn/a | 771dn/a |
Trading data
OVLH | KHPI | |
Last sale 4/27/2026 at 1:30 PM | $40.59 | $25.76 |
| Previous close 04/24/2026 | $40.53 | $25.77 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
OVLH | KHPI | |
|---|---|---|
| Last price | $40.59 | $25.76 |
| 1D performance | +0.15% | -0.06% |
| AuM | $102.54 M | $361.50 M |
| E/R | 0.85% | 0.96% |
Characteristics
OVLH | KHPI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | Kensington Asset Management |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 15, 2021 | September 3, 2024 |
| ESG | No | No |
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Exposure
Countries
OVLH
USA
91.66%
Other
8.34%
KHPI
USA
95.48%
Other
4.52%
Sectors
OVLH
Information Techn.
32.12%
Financials
9.71%
Communication Ser.
9.69%
Consumer Discreti.
9.49%
Health Care
8.83%
Industrials
7.88%
Other
22.28%
KHPI
Information Techn.
33.46%
Financials
10.11%
Communication Ser.
10.1%
Consumer Discreti.
9.88%
Health Care
9.2%
Industrials
8.21%
Other
19.04%
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Diversification
OVLH
Total weight of top 15 holdings out of 15
40.18%
KHPI
Total weight of top 15 holdings out of 15
41.85%
Top 15 holdings
Data as of March 31, 2026
OVLH
NVIDIA
7.18%
APPLE
6.31%
MICROSOFT-T
4.65%
AMAZON.COM INC
3.45%
ALPHABET INC-CL
2.84%
BROADCOM LIMITED
2.49%
ALPHABET INC-CL
2.27%
META PLATFORMS
2.12%
TESLA
1.77%
BERKSHIRE HATHWAY
1.49%
JPMORGAN CHASE
1.27%
LILLY
1.23%
EXXON
1.20%
JOHNSON&JOHNSON
1.00%
WALMART INC
0.92%
KHPI
NVIDIA
7.48%
APPLE
6.57%
MICROSOFT-T
4.85%
AMAZON.COM INC
3.59%
ALPHABET INC-CL
2.95%
BROADCOM LIMITED
2.59%
ALPHABET INC-CL
2.37%
META PLATFORMS
2.21%
TESLA
1.84%
BERKSHIRE HATHWAY
1.55%
JPMORGAN CHASE
1.32%
LILLY
1.29%
EXXON
1.25%
JOHNSON&JOHNSON
1.04%
WALMART INC
0.96%
Frequently asked questions about OVLH and KHPI
How have the OVLH and KHPI ETFs performed in 2026?
As of April 24, 2026, OVLH is up 3.08% year-to-date (YTD), while KHPI has returned 2.63%. That puts OVLH better performer ahead so far this year.
Which ETF is attracting more investor money: OVLH or KHPI?
Year-to-date, the OVLH ETF saw -$4M in flows, compared to +$97M for KHPI.
Which ETF is more volatile: OVLH or KHPI?
Over the past year, OVLH had a volatility of 8.19%, while KHPI experienced 7.03%.
Which ETF is bigger: OVLH or KHPI?
As of April 24, 2026, OVLH holds $102.54 M in assets under management (AUM), while KHPI manages $361.50 M.
What sectors do the OVLH and KHPI ETFs invest in?
OVLH leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, KHPI focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the OVLH ETF and KHPI ETF?
OVLH top holdings include NVIDIA, APPLE and MICROSOFT-T. KHPI holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVLH or KHPI?
OVLH holds 503 securities with 40.18% of its assets in the top 15. KHPI has 503 securities and a top 15 weight of 41.85%.
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