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PWV vs OVLH

Invesco Dynamic Large Cap Value ETF vs Overlay Shares Hedged Large Cap Equity ETF

PWV

Invesco Dynamic Large Cap Value ETF

Invesco

Annual cost

0.55%

Fund size

$1.5B

OVLH

Overlay Shares Hedged Large Cap Equity ETF

Overlay Shares

Annual cost

0.80%

Fund size

$102M

Key differences

  • PWV costs 0.25% less per year.
  • PWV is significantly larger than OVLH — larger funds tend to be more liquid and less likely to close.
  • PWV is classified as equity, while OVLH is alternative — different risk/return profiles.
  • PWV follows a index tracking strategy; OVLH uses volatility strategy.
  • Over the last 3 years, PWV has delivered higher annualized returns.
  • PWV has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PWVOVLH
Annual cost (TER)0.55%0.80%
Fund size (AUM)$1.5B$102M
Since20052021
Dividend yield1.83%0.29%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingvolatility strategy
CAGR 1Y+27.6%+20.2%
CAGR 3Y+20.9%+17.3%
CAGR 5Y+12.9%+10.1%
Sharpe 3Y1.261.34
Volatility 1Y9.41%8.51%
Max drawdown-37.67%-20.69%

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

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