OVLHvsOVLETF Comparison
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Overlay Shares Hedged Large Cap Equity ETF (OVLH) and Overlay Shares Large Cap Equity ETF (OVL) 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 more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.79% for OVL. OVLH is up 7.62% year-to-date (YTD) with +$5M in YTD flows. OVL performs better with 13.72% YTD performance, and +$76M in YTD flows. Run a side-by-side ETF comparison of OVLH and OVL 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 OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVLH OVL | +4.72%+6.86% | +7.37%+11.77% | +7.62%+13.72% | +19.53%+35.29% | +62.36%+95.11% | +59.29%+94.01% |
| Flows | OVLH OVL | +$10M+$47M | +$5M+$81M | +$5M+$76M | +$31M+$19M | -$10M+$40M | +$72M+$31M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVLH OVL | +9.30%+15.77% | +7.98%+13.70% | +9.42%+16.98% | +11.26%+18.90% |
| Max drawdown | OVLH OVL | -5.11%-7.83% | -6.25%-8.71% | -9.59%-21.55% | -20.03%-28.68% |
| Max drawdown duration | OVLH OVL | 42d39d | 78d47d | 134d133d | 771d745d |
Trading data
OVLH | OVL | |
Last sale 5/29/2026 at 1:30 PM | $42.32 | $58.03 |
| Previous close 05/28/2026 | $42.25 | $57.79 |
| Consolidated volume 05/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 5/29/2026 at 1:30 PM
Live
Closed
OVLH | OVL | |
|---|---|---|
| Last price | $42.32 | $58.03 |
| 1D performance | +0.18% | +0.42% |
| AuM | $115.94 M | $276.27 M |
| E/R | 0.85% | 0.79% |
Characteristics
OVLH | OVL | |
|---|---|---|
| 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 | January 15, 2021 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
OVLH
USA
91.66%
Other
8.34%
OVL
USA
96.79%
Other
3.21%
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%
OVL
Information Techn.
33.91%
Financials
10.25%
Communication Ser.
10.23%
Consumer Discreti.
10.02%
Health Care
9.32%
Industrials
8.33%
Other
17.93%
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Diversification
OVLH
Total weight of top 15 holdings out of 15
40.18%
OVL
Total weight of top 15 holdings out of 15
42.43%
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%
OVL
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.92%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.34%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about OVLH and OVL
How have the OVLH and OVL ETFs performed in 2026?
As of May 29, 2026, OVLH is up 7.62% year-to-date (YTD), while OVL has returned 13.72%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVLH or OVL?
Year-to-date, the OVLH ETF saw +$5M in flows, compared to +$76M for OVL.
Which ETF is more volatile: OVLH or OVL?
Over the past year, OVLH had a volatility of 7.98%, while OVL experienced 13.7%.
Which ETF is bigger: OVLH or OVL?
As of May 29, 2026, OVLH holds $115.94 M in assets under management (AUM), while OVL manages $276.27 M.
What sectors do the OVLH and OVL ETFs invest in?
OVLH leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, OVL focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the OVLH ETF and OVL ETF?
OVLH top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVLH or OVL?
OVLH holds 503 securities with 40.18% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 42.43%.
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