OVLHvsTSPYETF Comparison
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Overlay Shares Hedged Large Cap Equity ETF (OVLH) and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. OVLH is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.71% for TSPY. OVLH is up 5.12% year-to-date (YTD) with +$7M in YTD flows. TSPY performs better with 7.3% YTD performance, and +$132M in YTD flows. Run a side-by-side ETF comparison of OVLH and TSPY 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 TSPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVLH TSPY | -0.42%+0.05% | +2.38%+4.08% | +5.12%+7.30% | +10.31%+16.73% | +47.22%n/a | +49.03%n/a |
| Flows | OVLH TSPY | +$2M+$21M | +$12M+$42M | +$7M+$132M | +$33M+$252M | -$10M- | +$73M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVLH TSPY | +9.79%+12.64% | +8.69%+12.55% | +9.50%n/a | +11.31%n/a |
| Max drawdown | OVLH TSPY | -3.52%-4.47% | -6.25%-9.44% | -9.59%n/a | -20.03%n/a |
| Max drawdown duration | OVLH TSPY | 56d56d | 78d73d | 134dn/a | 771dn/a |
Trading data
OVLH | TSPY | |
Last sale 7/28/2026 at 6:03 PM | $41.34 | $24.91 |
| Previous close 07/28/2026 | $41.26 | $25.25 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/28/2026 at 6:03 PM
Live
Closed
OVLH | TSPY | |
|---|---|---|
| Last price | $41.34 | $24.91 |
| 1D performance | +0.20% | -1.35% |
| AuM | $115.31 M | $300.41 M |
| E/R | 0.8% | 0.71% |
Characteristics
OVLH | TSPY | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | TappAlpha |
| Benchmark | - | - |
| N° of holdings | 496 | 496 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 15, 2021 | August 14, 2024 |
| ESG | No | No |
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Exposure
Countries
OVLH
USA
94.71%
Other
5.29%
TSPY
USA
96.59%
Other
3.41%
Sectors
OVLH
Technology
44.57%
Finance
12.64%
Consumer Non-Cycl.
8.54%
Healthcare
8.44%
Industrials
7.74%
Other
18.08%
TSPY
Technology
45.45%
Finance
12.89%
Consumer Non-Cycl.
8.71%
Healthcare
8.61%
Industrials
7.89%
Other
16.45%
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Diversification
OVLH
Total weight of top 15 holdings out of 15
41.87%
TSPY
Total weight of top 15 holdings out of 15
42.7%
Top 15 holdings
Data as of June 30, 2026
OVLH
NVIDIA Corp.
7.31%
Apple, Inc.
6.41%
Microsoft Corp.
4.18%
Amazon.com, Inc.
3.52%
Alphabet, Inc.
3.16%
Broadcom Inc.
2.70%
Alphabet, Inc.
2.52%
Micron Technology, Inc.
1.96%
Meta Platforms, Inc.
1.87%
Tesla, Inc.
1.79%
Eli Lilly & Co.
1.43%
Advanced Micro Devices, Inc.
1.43%
Berkshire Hathaway, Inc.
1.38%
JPMorgan Chase & Co.
1.22%
Intel Corp.
1.00%
TSPY
NVIDIA Corp.
7.45%
Apple, Inc.
6.54%
Microsoft Corp.
4.26%
Amazon.com, Inc.
3.59%
Alphabet, Inc.
3.22%
Broadcom Inc.
2.75%
Alphabet, Inc.
2.57%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.90%
Tesla, Inc.
1.82%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.46%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.25%
Intel Corp.
1.01%
Frequently asked questions about OVLH and TSPY
How have the OVLH and TSPY ETFs performed in 2026?
As of July 28, 2026, OVLH is up 5.12% year-to-date (YTD), while TSPY has returned 7.3%. That puts TSPY better performer ahead so far this year.
Which ETF is attracting more investor money: OVLH or TSPY?
Year-to-date, the OVLH ETF saw +$7M in flows, compared to +$132M for TSPY.
Which ETF is more volatile: OVLH or TSPY?
Over the past year, OVLH had a volatility of 8.69%, while TSPY experienced 12.55%.
Which ETF is bigger: OVLH or TSPY?
As of July 28, 2026, OVLH holds $115.31 M in assets under management (AUM), while TSPY manages $300.41 M.
What sectors do the OVLH and TSPY ETFs invest in?
OVLH leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, TSPY focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the OVLH ETF and TSPY ETF?
OVLH top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. TSPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: OVLH or TSPY?
OVLH holds 503 securities with 41.87% of its assets in the top 15. TSPY has 503 securities and a top 15 weight of 42.7%.
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