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OVLH vs FHEQ

Overlay Shares Hedged Large Cap Equity ETF vs Fidelity Hedged Equity ETF

OVLH

Overlay Shares Hedged Large Cap Equity ETF

Overlay Shares

Annual cost

0.80%

Fund size

$102M

FHEQ

Fidelity Hedged Equity ETF

Fidelity Investments

Annual cost

0.48%

Fund size

$829M

Key differences

  • FHEQ costs 0.32% less per year.
  • FHEQ is significantly larger than OVLH — larger funds tend to be more liquid and less likely to close.
  • OVLH follows a volatility strategy strategy; FHEQ uses tactical allocation.

Side-by-side comparison

OVLHFHEQ
Annual cost (TER)0.80%0.48%
Fund size (AUM)$102M$829M
Since20212024
Dividend yield0.29%0.61%
Asset classalternativealternative
Regionnorth america
Strategyvolatility strategytactical allocation
CAGR 1Y+19.1%+21.3%
CAGR 3Y+17.4%N/A
CAGR 5Y+9.9%N/A
Sharpe 3Y1.35N/A
Volatility 1Y8.52%9.52%
Max drawdown-20.69%-11.12%

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

Similar to OVLH and FHEQ