OVLH vs QQQ
Overlay Shares Hedged Large Cap Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, OVLH or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90.
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 | OVLH | QQQ |
|---|---|---|
| Expense Ratio | 0.80% | 0.18%Best |
| AUM | $108M | $498.6B |
| Dividend Yield | 0.28% | 0.42% |
| Holdings | 18 | 321 |
| YTD Return | +8.57% | +22.95%Best |
| 1Y Return | +9.31% | +23.60%Best |
| 3Y Return (annualized) | +16.70% | +27.53%Best |
| 5Y Return (annualized) | +9.39% | +16.67%Best |
| Volatility (annualized) | 11.3%Best | 19.9% |
| Max Drawdown | -20.7%Best | -35.1% |
| $10,000 over 5 years | $15,663 | $21,617Best |
| Fund Family | Overlay Shares | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 14, 2021 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 15, 2021 to Oct 9, 2026 (5.7 years).
OVLH vs QQQ 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 5.7 years both funds cover.
OVLH vs QQQ Performance
Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an ETF from Overlay Shares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year OVLH returned +9.31% while QQQ returned +23.60%. Year to date, OVLH is up 8.57% versus a gain of 22.95% for QQQ.
Over three years, OVLH compounded at +16.70% per year against +27.53% for QQQ; over five years the annualized figures are +9.39% and +16.67% respectively. Across the full 6-year window we track, QQQ has the edge at +17.26% annualized vs +10.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 11.3% 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 -20.7% for OVLH and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OVLH charges 0.80% per year while QQQ charges 0.18%. On a $10,000 position that is $80 vs $18 annually, a gap of $62 per year that compounds over a long holding period. On income, OVLH currently yields 0.28% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in OVLH and 102 in QQQ, totalling 97.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in OVLH and 102 in QQQ, against full books of 18 and 321.
You are not choosing between two funds in isolation.
Whichever of OVLH and QQQ 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, OVLH or QQQ?
OVLH has an expense ratio of 0.80% while QQQ charges 0.18%. QQQ is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, OVLH or QQQ?
Over the past year OVLH returned +9.31% vs +23.60% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), OVLH annualized +10.38% vs +17.26% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVLH or QQQ?
QQQ has been the more volatile fund at 19.9% annualized versus 11.3% for OVLH. Worst drawdown: OVLH -20.7% vs QQQ -35.1%.
Should I hold both OVLH and QQQ?
OVLH and QQQ have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, OVLH or QQQ?
OVLH yields 0.28% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than OVLH?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.