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TSPYvsOVLHETF Comparison
TappAlpha SPY Growth & Daily Income ETF (TSPY) and Overlay Shares Hedged Large Cap Equity ETF (OVLH) belong to the same industry segment: Options Strategies. TSPY'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. TSPY is less expensive with a Total Expense Ratio (TER) of 0.77%, versus 0.85% for OVLH. TSPY is down -1.41% year-to-date (YTD) with +$89M in YTD flows. OVLH performs better with -0.86% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of TSPY 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.
TSPY vs OVLH performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSPY OVLH | -2.72%-1.74% | -2.08%-1.76% | -1.41%-0.86% | +21.34%+17.75% | n/a+60.43% | n/a+53.96% |
| Flows | TSPY OVLH | +$15M-$3M | +$106M-$1M | +$89M-$3M | +$226M+$51M | --$18M | -+$69M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSPY OVLH | +11.51%+7.82% | +20.06%+9.88% | n/a+9.62% | n/a+11.26% |
| Max drawdown | TSPY OVLH | -3.58%-2.28% | -13.19%-5.00% | n/a-9.59% | n/a-20.03% |
| Max drawdown duration | TSPY OVLH | 37d43d | 50d29d | n/a134d | n/a771d |
TSPY | OVLH | |
Last sale 3/12/2026 at 2:55 PM | $23.94 | $38.99 |
| Previous close 03/11/2026 | $24.20 | $39.04 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
TSPY | OVLH | |
|---|---|---|
| Last price | $23.94 | $38.99 |
| 1D performance | -1.07% | -0.15% |
| AuM | $247.31 M | $99.40 M |
| E/R | 0.77% | 0.85% |
TSPY | OVLH | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | TappAlpha | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 14, 2024 | 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 TSPY and OVLH ETFs performed in 2026?
As of March 11, 2026, TSPY is down -1.41% year-to-date (YTD), while OVLH has lost -0.86%. That puts OVLH better performer ahead so far this year.
Which ETF is attracting more investor money: TSPY or OVLH?
Year-to-date, the TSPY ETF saw +$89M in flows, compared to -$3M for OVLH.
Which ETF is more volatile: TSPY or OVLH?
Over the past year, TSPY had a volatility of 20.06%, while OVLH experienced 9.88%.
Which ETF is bigger: TSPY or OVLH?
As of March 11, 2026, TSPY holds $247.31 M in assets under management (AUM), while OVLH manages $99.40 M.
What sectors do the TSPY and OVLH ETFs invest in?
TSPY 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 TSPY ETF and OVLH ETF?
TSPY top holdings include NVIDIA, APPLE and MICROSOFT-T. OVLH holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: TSPY or OVLH?
TSPY holds 502 securities with 43.76% of its assets in the top 15. OVLH has 503 securities and a top 15 weight of 43.08%.
Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
