ADPV vs OVLH
Adaptiv Select ETF vs Overlay Shares Hedged Large Cap Equity ETF
Which is better, ADPV or OVLH?
Each has led over a different period.
OVLH has a lower expense ratio. ADPV led over 3Y and the full window, OVLH over 1Y.
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 | OVLH |
|---|---|---|
| Expense Ratio | 1.00% | 0.80%Best |
| AUM | $176M | $107M |
| Dividend Yield | 0.69% | 0.28% |
| Holdings | 28 | 18 |
| YTD Return | -0.81% | +6.99%Best |
| 1Y Return | -3.77% | +8.65%Best |
| 3Y Return (annualized) | +22.15%Best | +15.98% |
| 5Y Return (annualized) | - | +8.81% |
| Volatility (annualized) | 18.8% | 10.0%Best |
| Max Drawdown | -22.3% | -9.6%Best |
| $10,000 over 3.9 years | $17,542Best | $17,259 |
| Fund Family | Adaptive ETFs | Overlay Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 4, 2022 | Jan 14, 2021 |
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 OVLH 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 OVLH Performance
Adaptiv Select ETF (ADPV) is an ETF from Adaptive ETFs and Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an ETF from Overlay Shares. Over the past year ADPV returned -3.77% while OVLH returned +8.65%. Year to date, ADPV is down 0.81% versus a gain of 6.99% for OVLH.
Over three years, ADPV compounded at +22.15% per year against +15.98% for OVLH. Across the full 4-year window we track, ADPV has the edge at +15.50% annualized vs +15.02%.
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 10.0% for OVLH. 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 -9.6% for OVLH. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ADPV charges 1.00% per year while OVLH charges 0.80%. On a $10,000 position that is $100 vs $80 annually, a gap of $20 per year that compounds over a long holding period. On income, ADPV currently yields 0.69% against 0.28% for OVLH.
Holdings Overlap
We hold position weights for 26 holdings in ADPV and 2 in OVLH, totalling 99.9% and 98.1% 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 OVLH, against full books of 28 and 18.
You are not choosing between two funds in isolation.
Whichever of ADPV and OVLH 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 OVLH?
ADPV has an expense ratio of 1.00% while OVLH charges 0.80%. OVLH is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, ADPV or OVLH?
Over the past year ADPV returned -3.77% vs +8.65% for OVLH, so OVLH leads on 1-year performance. Over the longest common window we track (4 years), ADPV annualized +15.50% vs +15.02% for OVLH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ADPV or OVLH?
ADPV has been the more volatile fund at 18.8% annualized versus 10.0% for OVLH. Worst drawdown: ADPV -22.3% vs OVLH -9.6%.
Should I hold both ADPV and OVLH?
ADPV and OVLH have a monthly-return correlation of 0.61, 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 OVLH?
ADPV yields 0.69% while OVLH yields 0.28%, so ADPV currently pays the higher dividend yield.
Is OVLH better than ADPV?
OVLH has a lower expense ratio. ADPV led over 3Y and the full window, OVLH over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.