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VONE vs OVL

Vanguard Russell 1000 Index Fund ETF Shares vs Overlay Shares Large Cap Equity ETF

VONE

Vanguard Russell 1000 Index Fund ETF Shares

Vanguard

Annual cost

0.06%

Fund size

$10.8B

OVL

Overlay Shares Large Cap Equity ETF

Overlay Shares

Annual cost

0.79%

Fund size

$221M

Key differences

  • VONE costs 0.73% less per year.
  • VONE is significantly larger than OVL — larger funds tend to be more liquid and less likely to close.
  • VONE is classified as equity, while OVL is alternative — different risk/return profiles.
  • VONE follows a index tracking strategy; OVL uses option income.
  • Over the last 3 years, OVL has delivered higher annualized returns.
  • VONE has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

VONEOVL
Annual cost (TER)0.06%0.79%
Fund size (AUM)$10.8B$221M
Since20102019
Dividend yield1.04%5.55%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+30.0%+36.9%
CAGR 3Y+22.8%+25.1%
CAGR 5Y+13.6%+15.0%
Sharpe 3Y1.221.11
Volatility 1Y12.12%14.10%
Max drawdown-34.66%-35.49%

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

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