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CGMM vs OVLH

Capital Group U.S. Small and Mid Cap ETF vs Overlay Shares Hedged Large Cap Equity ETF

CGMM

Capital Group U.S. Small and Mid Cap ETF

Capital Group

Annual cost

0.51%

Fund size

$2.5B

OVLH

Overlay Shares Hedged Large Cap Equity ETF

Overlay Shares

Annual cost

0.80%

Fund size

$102M

Key differences

  • CGMM costs 0.29% less per year.
  • CGMM is significantly larger than OVLH — larger funds tend to be more liquid and less likely to close.
  • CGMM is classified as equity, while OVLH is alternative — different risk/return profiles.
  • CGMM follows a index tracking strategy; OVLH uses volatility strategy.

Side-by-side comparison

CGMMOVLH
Annual cost (TER)0.51%0.80%
Fund size (AUM)$2.5B$102M
Since20252021
Dividend yield0.37%0.29%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingvolatility strategy
CAGR 1Y+25.1%+19.1%
CAGR 3YN/A+17.4%
CAGR 5YN/A+9.9%
Sharpe 3YN/A1.35
Volatility 1Y15.95%8.52%
Max drawdown-21.04%-20.69%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to CGMM and OVLH