OVLH vs VYM
Overlay Shares Hedged Large Cap Equity ETF vs Vanguard High Dividend Yield ETF
Which is better, OVLH or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM 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 | OVLH | VYM |
|---|---|---|
| Expense Ratio | 0.80% | 0.04%Best |
| AUM | $108M | $83.1B |
| Dividend Yield | 0.28% | 2.22% |
| Holdings | 18 | 608 |
| YTD Return | +7.57% | +10.00%Best |
| 1Y Return | +8.31% | +13.75%Best |
| 3Y Return (annualized) | +17.37% | +18.81%Best |
| 5Y Return (annualized) | +9.52% | +11.63%Best |
| Volatility (annualized) | 11.3%Best | 13.5% |
| Max Drawdown | -20.7% | -15.8%Best |
| $10,000 over 5 years | $15,757 | $17,334Best |
| Fund Family | Overlay Shares | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 14, 2021 | Nov 10, 2006 |
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 2, 2026 (5.7 years).
OVLH vs VYM 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 VYM Performance
Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an ETF from Overlay Shares and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year OVLH returned +8.31% while VYM returned +13.75%. Year to date, OVLH is up 7.57% versus a gain of 10.00% for VYM.
Over three years, OVLH compounded at +17.37% per year against +18.81% for VYM; over five years the annualized figures are +9.52% and +11.63% respectively. Across the full 6-year window we track, VYM has the edge at +12.40% annualized vs +10.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 13.5% 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 -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVLH charges 0.80% per year while VYM charges 0.04%. On a $10,000 position that is $80 vs $4 annually, a gap of $76 per year that compounds over a long holding period. On income, OVLH currently yields 0.28% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 1 holding in OVLH and 557 in VYM, totalling 97.8% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 46 days apart, OVLH as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in OVLH and 557 in VYM, against full books of 18 and 608.
You are not choosing between two funds in isolation.
Whichever of OVLH and VYM 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 VYM?
OVLH has an expense ratio of 0.80% while VYM charges 0.04%. VYM is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, OVLH or VYM?
Over the past year OVLH returned +8.31% vs +13.75% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), OVLH annualized +10.24% vs +12.40% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVLH or VYM?
VYM has been the more volatile fund at 13.5% annualized versus 11.3% for OVLH. Worst drawdown: OVLH -20.7% vs VYM -15.8%.
Should I hold both OVLH and VYM?
OVLH and VYM have a monthly-return correlation of 0.75, 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, OVLH or VYM?
OVLH yields 0.28% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than OVLH?
VYM has a lower expense ratio. VYM 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.