OVL vs VTI
Overlay Shares Large Cap Equity ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | OVL | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $398M | $666.9B | |
| Dividend Yield | 7.41% | 1.07% | |
| Holdings | 11 | 3,543 | |
| YTD Return | +7.62% | +13.14% | |
| 1Y Return | +17.02% | +22.35% | |
| 3Y Return (annualized) | +20.92% | +21.83% | |
| 5Y Return (annualized) | +11.44% | +12.01% | |
| Volatility (annualized) | 19.0% | 15.3% | |
| Max Drawdown | -35.5% | -56.6% | |
| Fund Family | Overlay Shares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2019 | May 24, 2001 |
OVL vs VTI Performance
Overlay Shares Large Cap Equity ETF (OVL) is a ETF from Overlay Shares and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year OVL returned +17.02% while VTI returned +22.35%. Year to date, OVL is up 7.62% versus a gain of 13.14% for VTI.
Over three years, OVL compounded at +20.92% per year against +21.83% for VTI; over five years the annualized figures are +11.44% and +12.01% respectively. Across the full 7-year window we track, OVL has the edge at +16.25% annualized vs +8.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVL has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 15.3% for VTI. 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 -35.5% for OVL and -56.6% for VTI. 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OVL charges 0.79% per year while VTI charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, OVL currently yields 7.41% against 1.07% for VTI.
Holdings Overlap
OVL and VTI share 0 holdings out of 2789 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, OVL or VTI?
OVL has an expense ratio of 0.79% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, OVL or VTI?
Over the past year OVL returned +17.02% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (7 years), OVL annualized +16.25% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, OVL or VTI?
OVL has been the more volatile fund at 19.0% annualized versus 15.3% for VTI. Worst drawdown: OVL -35.5% vs VTI -56.6%.
Should I hold both OVL and VTI?
OVL and VTI have a monthly-return correlation of 0.99, 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 OVL and VTI?
OVL and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2789 unique securities.
Which pays a higher dividend, OVL or VTI?
OVL yields 7.41% while VTI yields 1.07%, so OVL currently pays the higher dividend yield.
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