OVF vs VYM
Overlay Shares Foreign Equity ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | OVF | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.83% | 0.04% | |
| AUM | $49M | $79.0B | |
| Dividend Yield | 10.55% | 2.86% | |
| Holdings | 10 | 568 | |
| YTD Return | +8.57% | +16.10% | |
| 1Y Return | +16.96% | +25.99% | |
| 3Y Return (annualized) | +16.57% | +18.29% | |
| 5Y Return (annualized) | +7.40% | +12.35% | |
| Volatility (annualized) | 15.3% | 14.6% | |
| Max Drawdown | -30.1% | -58.8% | |
| Fund Family | Overlay Shares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2019 | Nov 10, 2006 |
OVF vs VYM Performance
Overlay Shares Foreign Equity ETF (OVF) is a ETF from Overlay Shares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year OVF returned +16.96% while VYM returned +25.99%. Year to date, OVF is up 8.57% versus a gain of 16.10% for VYM.
Over three years, OVF compounded at +16.57% per year against +18.29% for VYM; over five years the annualized figures are +7.40% and +12.35% respectively. Across the full 7-year window we track, OVF has the edge at +7.70% annualized vs +7.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVF has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.6% for VYM. 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 -30.1% for OVF and -58.8% for VYM. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVF charges 0.83% per year while VYM charges 0.04%. On a $10,000 position that is $83 vs $4 annually, a gap of $79 per year that compounds over a long holding period. On income, OVF currently yields 10.55% against 2.86% for VYM.
Holdings Overlap
OVF and VYM share 0 holdings out of 561 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, OVF or VYM?
OVF has an expense ratio of 0.83% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, OVF or VYM?
Over the past year OVF returned +16.96% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (7 years), OVF annualized +7.70% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, OVF or VYM?
OVF has been the more volatile fund at 15.3% annualized versus 14.6% for VYM. Worst drawdown: OVF -30.1% vs VYM -58.8%.
Should I hold both OVF and VYM?
OVF and VYM have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OVF and VYM?
OVF and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 561 unique securities.
Which pays a higher dividend, OVF or VYM?
OVF yields 10.55% while VYM yields 2.86%, so OVF currently pays the higher dividend yield.
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