OVL vs ZIG
Overlay Shares Large Cap Equity ETF vs The Acquirers Fund ETF
Which is better, OVL or ZIG?
OVL has been ahead.
ZIG has a lower expense ratio. OVL led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | OVL | ZIG |
|---|---|---|
| Expense Ratio | 0.79% | 0.75%Best |
| AUM | $497M | $30M |
| Dividend Yield | 9.13% | 1.70% |
| Holdings | 16 | 97 |
| YTD Return | +6.54%Best | +5.85% |
| 1Y Return | +10.05%Best | +7.60% |
| 3Y Return (annualized) | +20.74%Best | +10.04% |
| 5Y Return (annualized) | +11.49%Best | +7.65% |
| Volatility (annualized) | 18.8%Best | 20.2% |
| Max Drawdown | -35.5%Best | -37.1% |
| $10,000 over 5 years | $17,226Best | $14,457 |
| Fund Family | Overlay Shares | Acquirers Funds, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 30, 2019 | May 14, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 1, 2019 to Oct 14, 2026 (7 years).
OVL vs ZIG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7 years both funds cover.
OVL vs ZIG Performance
Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares and The Acquirers Fund ETF (ZIG) is an ETF from Acquirers Funds, LLC. Over the past year OVL returned +10.05% while ZIG returned +7.60%. Year to date, OVL is up 6.54% versus a gain of 5.85% for ZIG.
Over three years, OVL compounded at +20.74% per year against +10.04% for ZIG; over five years the annualized figures are +11.49% and +7.65% respectively. Across the full 7-year window we track, OVL has the edge at +15.72% annualized vs +8.01%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ZIG has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 18.8% for OVL. 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 -37.1% for ZIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVL charges 0.79% per year while ZIG charges 0.75%. On a $10,000 position that is $79 vs $75 annually, a gap of $4 per year that compounds over a long holding period. On income, OVL currently yields 9.13% against 1.70% for ZIG.
Holdings Overlap
At least 0.1% of ZIG's money is in holdings OVL also owns.
Stated as a floor: for OVL, our book for it covers 100.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 2 positions we hold weights for in OVL and 32 in ZIG, against full books of 16 and 97.
Top Shared Holdings
| Stock | Weight in OVL | Weight in ZIG | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 0.35% | 0.08% | 0.27% |
You are not choosing between two funds in isolation.
Whichever of OVL and ZIG you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OVL or ZIG?
OVL has an expense ratio of 0.79% while ZIG charges 0.75%. ZIG is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, OVL or ZIG?
Over the past year OVL returned +10.05% vs +7.60% for ZIG, so OVL leads on 1-year performance. Over the longest common window we track (7 years), OVL annualized +15.72% vs +8.01% for ZIG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVL or ZIG?
ZIG has been the more volatile fund at 20.2% annualized versus 18.8% for OVL. Worst drawdown: OVL -35.5% vs ZIG -37.1%.
Should I hold both OVL and ZIG?
OVL and ZIG have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, OVL or ZIG?
OVL yields 9.13% while ZIG yields 1.70%, so OVL currently pays the higher dividend yield.
Is ZIG better than OVL?
ZIG has a lower expense ratio. OVL led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.