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OVLHvsSPYETF Comparison
Overlay Shares Hedged Large Cap Equity ETF (OVLH) belongs to the Options Strategies segment. SPDR S&P 500 ETF Trust (SPY) is part of the US Large Cap segment. OVLH's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, SPY's top sector exposures are Information Technology, Communication Services and Financials. OVLH is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.0945% for SPY. OVLH is down -1.75% year-to-date (YTD) with -$3M in YTD flows. SPY performs worse with -2.29% YTD performance, and -$31.11B in YTD flows. Run a side-by-side ETF comparison of OVLH and SPY 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 SPY performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVLH SPY | -1.53%-2.22% | -1.82%-1.99% | -1.75%-2.29% | +16.78%+20.55% | +58.99%+79.90% | +52.42%+81.16% |
| Flows | OVLH SPY | -$772K-$14.00B | -$2M-$32.17B | -$3M-$31.11B | +$51M-$46.28B | -$18M+$39.71B | +$69M+$59.14B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVLH SPY | +7.85%+11.71% | +9.93%+18.21% | +9.63%+14.79% | +11.27%+16.81% |
| Max drawdown | OVLH SPY | -3.16%-4.22% | -5.00%-13.71% | -9.59%-18.74% | -20.03%-24.50% |
| Max drawdown duration | OVLH SPY | 44d44d | 29d45d | 134d126d | 771d708d |
OVLH | SPY | |
Last sale 3/13/2026 at 1:30 PM | $38.62 | $662.30 |
| Previous close 03/12/2026 | $38.64 | $666.06 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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OVLH | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
OVLH | SPY | |
|---|---|---|
| Last price | $38.62 | $662.30 |
| 1D performance | -0.05% | -0.56% |
| AuM | $98.51 M | $665.54 B |
| E/R | 0.85% | 0.0945% |
OVLH | SPY | |
|---|---|---|
| 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 | January 15, 2021 | January 22, 1993 |
| 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 SPY ETFs performed in 2026?
As of March 12, 2026, OVLH is down -1.75% year-to-date (YTD), while SPY has lost -2.29%. That puts OVLH better performer ahead so far this year.
Which ETF is attracting more investor money: OVLH or SPY?
Year-to-date, the OVLH ETF saw -$3M in flows, compared to -$31.11B for SPY.
Which ETF is more volatile: OVLH or SPY?
Over the past year, OVLH had a volatility of 9.93%, while SPY experienced 18.21%.
Which ETF is bigger: OVLH or SPY?
As of March 12, 2026, OVLH holds $98.51 M in assets under management (AUM), while SPY manages $665.54 B.
What sectors do the OVLH and SPY ETFs invest in?
OVLH leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, SPY focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the OVLH ETF and SPY ETF?
OVLH top holdings include NVIDIA, APPLE and MICROSOFT-T. SPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVLH or SPY?
OVLH holds 503 securities with 43.08% of its assets in the top 15. SPY has 502 securities and a top 15 weight of 44.02%.
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