IVV vs OVLH
iShares Core S&P 500 ETF vs Overlay Shares Hedged Large Cap Equity ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | OVLH | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.80% | |
| AUM | $907.0B | $115M | |
| Dividend Yield | 1.10% | 0.29% | |
| Holdings | 508 | 10 | |
| YTD Return | +12.71% | +7.46% | |
| 1Y Return | +21.89% | +13.67% | |
| 3Y Return (annualized) | +22.08% | +15.91% | |
| 5Y Return (annualized) | +12.96% | +8.55% | |
| Volatility (annualized) | 15.1% | 11.5% | |
| Max Drawdown | -56.5% | -20.7% | |
| Fund Family | iShares by BlackRock (US) | Overlay Shares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 14, 2021 |
IVV vs OVLH Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Overlay Shares Hedged Large Cap Equity ETF (OVLH) is a ETF from Overlay Shares. Over the past year IVV returned +21.89% while OVLH returned +13.67%. Year to date, IVV is up 12.71% versus a gain of 7.46% for OVLH.
Over three years, IVV compounded at +22.08% per year against +15.91% for OVLH; over five years the annualized figures are +12.96% and +8.55% respectively. Across the full 6-year window we track, OVLH has the edge at +10.44% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.5% for OVLH. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -20.7% for OVLH. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while OVLH charges 0.80%. On a $10,000 position that is $3 vs $80 annually, a gap of $77 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.29% for OVLH.
Holdings Overlap
IVV and OVLH share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or OVLH?
IVV has an expense ratio of 0.03% while OVLH charges 0.80%. IVV is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, IVV or OVLH?
Over the past year IVV returned +21.89% vs +13.67% for OVLH, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.00% vs +10.44% for OVLH. Past performance does not guarantee future results.
Which is riskier, IVV or OVLH?
IVV has been the more volatile fund at 15.1% annualized versus 11.5% for OVLH. Worst drawdown: IVV -56.5% vs OVLH -20.7%.
Should I hold both IVV and OVLH?
IVV and OVLH have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and OVLH?
IVV and OVLH share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or OVLH?
IVV yields 1.10% while OVLH yields 0.29%, so IVV currently pays the higher dividend yield.
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