OVLHvsSPYMETF Comparison
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Overlay Shares Hedged Large Cap Equity ETF (OVLH) belongs to the Options Strategies segment. State Street SPDR Portfolio S&P 500 ETF (SPYM) is part of the US Large Cap segment. 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 0.02% for SPYM. OVLH is up 3.08% year-to-date (YTD) with -$4M in YTD flows. SPYM performs better with 5.05% YTD performance, and +$32.46B in YTD flows. Run a side-by-side ETF comparison of OVLH and SPYM 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 SPYM 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 SPYM | +6.52%+9.36% | +1.96%+3.39% | +3.08%+5.05% | +20.18%+32.23% | +57.30%+80.36% | +53.03%+83.74% |
| Flows | OVLH SPYM | -$2M+$10.83B | -$4M+$25.02B | -$4M+$32.46B | +$34M+$52.19B | -$19M+$89.28B | +$66M+$96.53B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVLH SPYM | +9.49%+15.23% | +8.19%+12.47% | +9.67%+14.96% | +11.30%+16.94% |
| Max drawdown | OVLH SPYM | -6.25%-8.89% | -6.25%-8.89% | -9.59%-18.74% | -20.03%-24.50% |
| Max drawdown duration | OVLH SPYM | 78d76d | 78d76d | 134d126d | 771d708d |
Trading data
OVLH | SPYM | |
Last sale 4/27/2026 at 1:30 PM | $40.59 | |
| Previous close 04/24/2026 | $40.53 | |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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OVLH
is actively managed and doesn’t replicate an indexOVLH | SPYM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
OVLH | SPYM | |
|---|---|---|
| Last price | $40.59 | – |
| 1D performance | +0.15% | – |
| AuM | $102.54 M | $136.00 B |
| E/R | 0.85% | 0.02% |
Characteristics
OVLH | SPYM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Overlay Shares | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 478 | 478 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 15, 2021 | November 8, 2005 |
| ESG | No | No |
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Exposure
Countries
OVLH
USA
91.66%
Other
8.34%
SPYM
USA
96.87%
Other
3.13%
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%
SPYM
Information Techn.
33.91%
Financials
10.38%
Communication Ser.
10.22%
Consumer Discreti.
10.01%
Health Care
9.32%
Industrials
8.32%
Other
17.84%
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Diversification
OVLH
Total weight of top 15 holdings out of 15
40.18%
SPYM
Total weight of top 15 holdings out of 15
42.47%
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%
SPYM
NVIDIA
7.57%
APPLE
6.66%
MICROSOFT-T
4.91%
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
1.42%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about OVLH and SPYM
How have the OVLH and SPYM ETFs performed in 2026?
As of April 24, 2026, OVLH is up 3.08% year-to-date (YTD), while SPYM has returned 5.05%. That puts SPYM better performer ahead so far this year.
Which ETF is attracting more investor money: OVLH or SPYM?
Year-to-date, the OVLH ETF saw -$4M in flows, compared to +$32.46B for SPYM.
Which ETF is more volatile: OVLH or SPYM?
Over the past year, OVLH had a volatility of 8.19%, while SPYM experienced 12.47%.
Which ETF is bigger: OVLH or SPYM?
As of April 24, 2026, OVLH holds $102.54 M in assets under management (AUM), while SPYM manages $136.00 B.
What sectors do the OVLH and SPYM ETFs invest in?
OVLH leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, SPYM focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the OVLH ETF and SPYM ETF?
OVLH top holdings include NVIDIA, APPLE and MICROSOFT-T. SPYM holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVLH or SPYM?
OVLH holds 503 securities with 40.18% of its assets in the top 15. SPYM has 503 securities and a top 15 weight of 42.47%.
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