OVLHOverlay Shares Hedged Large Cap Equity ETF
Seeks long term capital appreciation while mitigating overall market risk.
By Overlay Shares · Launched 2021
Annual Cost
0.80%
#4,362 of 5,861 · expensive
Fund Size
$116M
#2,851 of 5,861 · mid-size
Return (1Y)Goal
+11.4%
Track Record
5 years
#2,229 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$11,263+12.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 99.9% of fundconcentrated
Vanguard S&P 500 ETF
97.7%
N/ASPX 10 P6500
0.4%
N/ASPX 1 P6200
0.4%
N/ASPX 9 P6500
0.3%
N/ASPX 8 P6500
0.3%
N/ASPX 7 P6500
0.3%
N/ASPX 6 P6500
0.2%
N/ASPX 5 P6500
0.2%
N/ASPX 4 P6500
0.1%
First American Government Obli
0.1%
Asset allocation
Stocks
102.0%
Other
0.9%
By sector
Technology
39.1%
Financial Services
10.9%
Communication
10.7%
Consumer Cyclical
9.9%
Healthcare
8.3%
Industrials
7.8%
Consumer Defensive
4.5%
Energy
3.1%
Other
5.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
9.2%Low
Year-on-year price swings
Max drawdown
-20.7%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
1.04Strong risk-adjusted returns
Sortino (3Y)
1.58Good downside protection
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks long term capital appreciation while mitigating overall market risk.
- Strategy
- Actively manages a portfolio primarily invested in U.S. large-cap equity securities, using long-term out-of-the-money put options to hedge against significant declines. Aims for long-term capital appreciation while managing overall market risk.
- Inception date
- January 14, 2021
- Fund family
- Overlay Shares
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Data updated on 2026-08-04