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OVLHvsTSPYETF Comparison
Overlay Shares Hedged Large Cap Equity ETF (OVLH) and TappAlpha SPY Growth & Daily Income ETF (TSPY) belong to the same industry segment: Options Strategies. OVLH's top 3 sector exposures are Information Technology, Communication Services and Consumer Discretionary. In contrast, TSPY'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 0.77% for TSPY. OVLH is down -1.75% year-to-date (YTD) with -$3M in YTD flows. TSPY performs worse with -2.87% YTD performance, and +$89M 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.
OVLH vs TSPY performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVLH TSPY | -1.53%-2.71% | -1.82%-2.50% | -1.75%-2.87% | +16.78%+18.84% | +58.99%n/a | +52.42%n/a |
| Flows | OVLH TSPY | -$772K+$14M | -$2M+$106M | -$3M+$89M | +$51M+$226M | -$18M- | +$69M- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVLH TSPY | +7.85%+11.71% | +9.93%+20.12% | +9.63%n/a | +11.27%n/a |
| Max drawdown | OVLH TSPY | -3.16%-5.01% | -5.00%-13.19% | -9.59%n/a | -20.03%n/a |
| Max drawdown duration | OVLH TSPY | 44d38d | 29d50d | 134dn/a | 771dn/a |
OVLH | TSPY | |
Last sale 3/13/2026 at 4:44 PM | $38.62 | $23.81 |
| Previous close 03/12/2026 | $38.64 | $23.91 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
OVLH | TSPY | |
|---|---|---|
| Last price | $38.62 | $23.81 |
| 1D performance | -0.05% | -0.44% |
| AuM | $98.51 M | $243.64 M |
| E/R | 0.85% | 0.77% |
OVLH | TSPY | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | TappAlpha |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 15, 2021 | August 14, 2024 |
| 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 TSPY ETFs performed in 2026?
As of March 12, 2026, OVLH is down -1.75% year-to-date (YTD), while TSPY has lost -2.87%. That puts OVLH better performer ahead so far this year.
Which ETF is attracting more investor money: OVLH or TSPY?
Year-to-date, the OVLH ETF saw -$3M in flows, compared to +$89M for TSPY.
Which ETF is more volatile: OVLH or TSPY?
Over the past year, OVLH had a volatility of 9.93%, while TSPY experienced 20.12%.
Which ETF is bigger: OVLH or TSPY?
As of March 12, 2026, OVLH holds $98.51 M in assets under management (AUM), while TSPY manages $243.64 M.
What sectors do the OVLH and TSPY ETFs invest in?
OVLH leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, TSPY focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the OVLH ETF and TSPY ETF?
OVLH top holdings include NVIDIA, APPLE and MICROSOFT-T. TSPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVLH or TSPY?
OVLH holds 503 securities with 43.08% of its assets in the top 15. TSPY has 502 securities and a top 15 weight of 43.76%.
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