Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
SPYvsOVLHETF Comparison
SPDR S&P 500 ETF Trust (SPY) belongs to the US Large Cap segment. Overlay Shares Hedged Large Cap Equity ETF (OVLH) is part of the Options Strategies segment. SPY's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, OVLH's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. SPY is less expensive with a Total Expense Ratio (TER) of 0.0945%, versus 0.85% for OVLH. SPY is down -2.87% year-to-date (YTD) with -$23.66B in YTD flows. OVLH performs better with -2.08% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of SPY and OVLH below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
SPY vs OVLH performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPY OVLH | -2.86%-1.92% | -2.43%-2.03% | -2.87%-2.08% | +21.51%+17.29% | +78.83%+58.46% | +78.92%+51.26% |
| Flows | SPY OVLH | -$7.47B-$772K | -$29.32B-$2M | -$23.66B-$3M | -$39.53B+$51M | +$47.16B-$18M | +$67.44B+$69M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPY OVLH | +11.76%+7.87% | +18.17%+9.90% | +14.79%+9.63% | +16.81%+11.27% |
| Max drawdown | SPY OVLH | -4.79%-3.49% | -13.71%-5.00% | -18.74%-9.59% | -24.50%-20.03% |
| Max drawdown duration | SPY OVLH | 45d45d | 45d29d | 126d134d | 708d771d |
SPY | OVLH | |
Last sale 3/13/2026 at 1:30 PM | $662.29 | $38.49 |
| Previous close 03/12/2026 | $666.06 | $38.64 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
SPY | OVLH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
SPY | OVLH | |
|---|---|---|
| Last price | $662.29 | $38.49 |
| 1D performance | -0.57% | -0.39% |
| AuM | $669.05 B | $98.18 M |
| E/R | 0.0945% | 0.85% |
SPY | OVLH | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | SPDR | Overlay Shares |
| Benchmark | S&P 500 Index | - |
| N° of holdings | 479 | 479 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 22, 1993 | January 15, 2021 |
| 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 SPY and OVLH ETFs performed in 2026?
As of March 13, 2026, SPY is down -2.87% year-to-date (YTD), while OVLH has lost -2.08%. That puts OVLH better performer ahead so far this year.
Which ETF is attracting more investor money: SPY or OVLH?
Year-to-date, the SPY ETF saw -$23.66B in flows, compared to -$3M for OVLH.
Which ETF is more volatile: SPY or OVLH?
Over the past year, SPY had a volatility of 18.17%, while OVLH experienced 9.9%.
Which ETF is bigger: SPY or OVLH?
As of March 13, 2026, SPY holds $669.05 B in assets under management (AUM), while OVLH manages $98.18 M.
What sectors do the SPY and OVLH ETFs invest in?
SPY leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, OVLH focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the SPY ETF and OVLH ETF?
SPY top holdings include NVIDIA, APPLE and MICROSOFT-T. OVLH holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPY or OVLH?
SPY holds 502 securities with 44.02% of its assets in the top 15. OVLH has 503 securities and a top 15 weight of 43.08%.
MoneyShow Chart of the Day 1/21/2026: The "Sell America" Trade is Back. Will it Stick?
MoneyShow Chart of the Day 11/12/2025: With the Shutdown Behind Us, Will the Bulls Take Over?
MoneyShow Chart of the Day 11/06/2025: How Worried Should You REALLY be About this Chart?
MoneyShow Chart of the Day 10/29/2025: Yes, this Bull IS Still Young!
Calamos Investments Powers the Next Phase of the Autocallable Revolution
Join J.P. Morgan’s Bram Kaplan, Head of Americas Equity Derivatives Strategy and Matt Kaufman from Calamos Investments as they dive into the growing global opportunity in autocallable income—an increasingly dominant strategy within structured products, now available through ETFs.
Accepted for 1 CE Credit
