OVLH vs VOO
Overlay Shares Hedged Large Cap Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | OVLH | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.03% | |
| AUM | $115M | $997.4B | |
| Dividend Yield | 0.29% | 1.08% | |
| Holdings | 10 | 509 | |
| YTD Return | +7.46% | +12.68% | |
| 1Y Return | +13.67% | +21.87% | |
| 3Y Return (annualized) | +15.91% | +22.06% | |
| 5Y Return (annualized) | +8.55% | +12.95% | |
| Volatility (annualized) | 11.5% | 14.1% | |
| Max Drawdown | -20.7% | -34.3% | |
| Fund Family | Overlay Shares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 14, 2021 | Sep 7, 2010 |
OVLH vs VOO Performance
Overlay Shares Hedged Large Cap Equity ETF (OVLH) is a ETF from Overlay Shares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year OVLH returned +13.67% while VOO returned +21.87%. Year to date, OVLH is up 7.46% versus a gain of 12.68% for VOO.
Over three years, OVLH compounded at +15.91% per year against +22.06% for VOO; over five years the annualized figures are +8.55% and +12.95% respectively. Across the full 6-year window we track, VOO has the edge at +13.47% annualized vs +10.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -20.7% for OVLH and -34.3% for VOO. 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
OVLH charges 0.80% per year while VOO charges 0.03%. On a $10,000 position that is $80 vs $3 annually, a gap of $77 per year that compounds over a long holding period. On income, OVLH currently yields 0.29% against 1.08% for VOO.
Holdings Overlap
OVLH and VOO 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, OVLH or VOO?
OVLH has an expense ratio of 0.80% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, OVLH or VOO?
Over the past year OVLH returned +13.67% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), OVLH annualized +10.44% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, OVLH or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.5% for OVLH. Worst drawdown: OVLH -20.7% vs VOO -34.3%.
Should I hold both OVLH and VOO?
OVLH and VOO 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 OVLH and VOO?
OVLH and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, OVLH or VOO?
OVLH yields 0.29% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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