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OVLH vs IWL

Overlay Shares Hedged Large Cap Equity ETF vs iShares Russell Top 200 ETF

OVLH

Overlay Shares Hedged Large Cap Equity ETF

Overlay Shares

Annual cost

0.80%

Fund size

$102M

IWL

iShares Russell Top 200 ETF

iShares

Annual cost

0.15%

Fund size

$2.1B

Key differences

  • IWL costs 0.65% less per year.
  • IWL is significantly larger than OVLH — larger funds tend to be more liquid and less likely to close.
  • OVLH is classified as alternative, while IWL is equity — different risk/return profiles.
  • OVLH follows a volatility strategy strategy; IWL uses index tracking.
  • Over the last 3 years, IWL has delivered higher annualized returns.
  • IWL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

OVLHIWL
Annual cost (TER)0.80%0.15%
Fund size (AUM)$102M$2.1B
Since20212009
Dividend yield0.29%0.86%
Asset classalternativeequity
Regionnorth americanorth america
Strategyvolatility strategyindex tracking
CAGR 1Y+20.2%+31.7%
CAGR 3Y+17.3%+24.3%
CAGR 5Y+10.1%+15.1%
Sharpe 3Y1.341.28
Volatility 1Y8.51%12.32%
Max drawdown-20.69%-32.71%

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

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