ADPV vs OVL
Adaptiv Select ETF vs Overlay Shares Large Cap Equity ETF
Which is better, ADPV or OVL?
Each has led over a different period.
OVL has a lower expense ratio. ADPV led over 3Y, OVL over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ADPV | OVL |
|---|---|---|
| Expense Ratio | 1.00% | 0.79%Best |
| AUM | $176M | $497M |
| Dividend Yield | 0.69% | 9.13% |
| Holdings | 28 | 16 |
| YTD Return | -0.81% | +6.54%Best |
| 1Y Return | -3.77% | +10.05%Best |
| 3Y Return (annualized) | +22.15%Best | +20.74% |
| 5Y Return (annualized) | - | +11.49% |
| Volatility (annualized) | 18.8% | 14.7%Best |
| Max Drawdown | -22.3% | -21.7%Best |
| $10,000 over 3.9 years | $17,542 | $20,761Best |
| Fund Family | Adaptive ETFs | Overlay Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 4, 2022 | Sep 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 4, 2022 to Oct 14, 2026 (3.9 years).
ADPV vs OVL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
ADPV vs OVL Performance
Adaptiv Select ETF (ADPV) is an ETF from Adaptive ETFs and Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares. Over the past year ADPV returned -3.77% while OVL returned +10.05%. Year to date, ADPV is down 0.81% versus a gain of 6.54% for OVL.
Over three years, ADPV compounded at +22.15% per year against +20.74% for OVL. Across the full 4-year window we track, OVL has the edge at +20.60% annualized vs +15.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ADPV has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 14.7% for OVL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.3% for ADPV and -21.7% for OVL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ADPV charges 1.00% per year while OVL charges 0.79%. On a $10,000 position that is $100 vs $79 annually, a gap of $21 per year that compounds over a long holding period. On income, ADPV currently yields 0.69% against 9.13% for OVL.
Holdings Overlap
We hold position weights for 26 holdings in ADPV and 2 in OVL, totalling 99.9% and 100.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 26 positions we hold weights for in ADPV and 2 in OVL, against full books of 28 and 16.
You are not choosing between two funds in isolation.
Whichever of ADPV and OVL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ADPV or OVL?
ADPV has an expense ratio of 1.00% while OVL charges 0.79%. OVL is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, ADPV or OVL?
Over the past year ADPV returned -3.77% vs +10.05% for OVL, so OVL leads on 1-year performance. Over the longest common window we track (4 years), ADPV annualized +15.50% vs +20.60% for OVL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ADPV or OVL?
ADPV has been the more volatile fund at 18.8% annualized versus 14.7% for OVL. Worst drawdown: ADPV -22.3% vs OVL -21.7%.
Should I hold both ADPV and OVL?
ADPV and OVL have a monthly-return correlation of 0.65, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ADPV or OVL?
ADPV yields 0.69% while OVL yields 9.13%, so OVL currently pays the higher dividend yield.
Is OVL better than ADPV?
OVL has a lower expense ratio. ADPV led over 3Y, OVL over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.