VVvsOVLETF Comparison
VS
Vanguard Large-Cap ETF (VV) belongs to the US Large Cap segment. Overlay Shares Large Cap Equity ETF (OVL) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. VV is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.79% for OVL. VV is up 4.75% year-to-date (YTD) with +$934M in YTD flows. OVL performs better with 6.99% YTD performance, and +$26M in YTD flows. Run a side-by-side ETF comparison of VV and OVL 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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VV vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VV OVL | +12.81%+13.53% | +2.87%+4.40% | +4.75%+6.99% | +30.97%+36.73% | +81.86%+87.12% | +80.09%+84.04% |
| Flows | VV OVL | +$318M+$34M | +$865M+$27M | +$934M+$26M | +$1.14B-$12M | +$3.67B-$7M | +$7.10B+$14M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VV OVL | +15.29%+17.20% | +12.53%+14.34% | +14.96%+17.07% | +17.26%+18.95% |
| Max drawdown | VV OVL | -9.16%-8.71% | -9.19%-8.71% | -19.01%-21.55% | -25.64%-28.68% |
| Max drawdown duration | VV OVL | 77d47d | 92d47d | 126d133d | 715d745d |
Trading data
VV | OVL | |
Last sale 4/28/2026 at 7:25 PM | $327.19 | $54.69 |
| Previous close 04/27/2026 | $328.75 | $55.47 |
| Consolidated volume 04/27/2026 | ||
| 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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OVL
is actively managed and doesn’t replicate an indexVV | OVL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 7:25 PM
Live
Closed
VV | OVL | |
|---|---|---|
| Last price | $327.19 | $54.69 |
| 1D performance | -0.48% | -1.42% |
| AuM | $50.33 B | $215.09 M |
| E/R | 0.03% | 0.79% |
Characteristics
VV | OVL | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Vanguard | Overlay Shares |
| Benchmark | CRSP U.S. Large Cap Index | - |
| N° of holdings | 416 | 478 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 27, 2004 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
VV
USA
96.79%
Other
3.21%
OVL
USA
96.79%
Other
3.21%
Sectors
VV
Information Techn.
34.02%
Financials
10.36%
Communication Ser.
10.36%
Consumer Discreti.
9.92%
Health Care
9.5%
Industrials
8.22%
Other
17.63%
OVL
Information Techn.
33.91%
Financials
10.25%
Communication Ser.
10.23%
Consumer Discreti.
10.02%
Health Care
9.32%
Industrials
8.33%
Other
17.93%
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Diversification
VV
Total weight of top 15 holdings out of 15
42.91%
OVL
Total weight of top 15 holdings out of 15
42.43%
Top 15 holdings
Data as of March 31, 2026
VV
NVIDIA
7.36%
APPLE
6.81%
MICROSOFT-T
5.02%
AMAZON.COM INC
3.68%
ALPHABET INC-CL
3.05%
BROADCOM LIMITED
2.68%
ALPHABET INC-CL
2.43%
META PLATFORMS
2.29%
TESLA
1.91%
BERKSHIRE HATHWAY
1.54%
LILLY
1.43%
JPMORGAN CHASE
1.35%
EXXON
1.29%
JOHNSON&JOHNSON
1.08%
WALMART INC
1.00%
OVL
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.92%
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
1.34%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about VV and OVL
How have the VV and OVL ETFs performed in 2026?
As of April 27, 2026, VV is up 4.75% year-to-date (YTD), while OVL has returned 6.99%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: VV or OVL?
Year-to-date, the VV ETF saw +$934M in flows, compared to +$26M for OVL.
Which ETF is more volatile: VV or OVL?
Over the past year, VV had a volatility of 12.53%, while OVL experienced 14.34%.
Which ETF is bigger: VV or OVL?
As of April 27, 2026, VV holds $50.33 B in assets under management (AUM), while OVL manages $215.09 M.
What sectors do the VV and OVL ETFs invest in?
VV leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, OVL focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the VV ETF and OVL ETF?
VV top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: VV or OVL?
VV holds 443 securities with 42.91% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 42.43%.
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