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IVV vs OVLH

iShares Core S&P 500 ETF vs Overlay Shares Hedged Large Cap Equity ETF

IVV

iShares Core S&P 500 ETF

iShares

Annual cost

0.03%

Fund size

$797.5B

OVLH

Overlay Shares Hedged Large Cap Equity ETF

Overlay Shares

Annual cost

0.80%

Fund size

$102M

Key differences

  • IVV costs 0.77% less per year.
  • IVV is significantly larger than OVLH — larger funds tend to be more liquid and less likely to close.
  • IVV is classified as equity, while OVLH is alternative — different risk/return profiles.
  • IVV follows a index tracking strategy; OVLH uses volatility strategy.
  • Over the last 3 years, IVV has delivered higher annualized returns.
  • IVV has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

IVVOVLH
Annual cost (TER)0.03%0.80%
Fund size (AUM)$797.5B$102M
Since20002021
Dividend yield1.12%0.29%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingvolatility strategy
CAGR 1Y+31.2%+20.2%
CAGR 3Y+23.2%+17.3%
CAGR 5Y+14.4%+10.1%
Sharpe 3Y1.241.34
Volatility 1Y11.95%8.51%
Max drawdown-33.90%-20.69%

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

Similar to IVV and OVLH