ADX vs OVL
Adams Diversified Equity Fund Inc vs Overlay Shares Large Cap Equity ETF
Which is better, ADX or OVL?
ADX has been ahead.
ADX led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97.
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 | ADX | OVL |
|---|---|---|
| Expense Ratio | - | 0.79% |
| AUM | $3.2B | $497M |
| Dividend Yield | 7.25% | 9.13% |
| Holdings | 108 | 16 |
| YTD Return | +10.32%Best | +6.54% |
| 1Y Return | +16.35%Best | +10.05% |
| 3Y Return (annualized) | +25.88%Best | +20.74% |
| 5Y Return (annualized) | +15.53%Best | +11.49% |
| Volatility (annualized) | 17.3%Best | 18.8% |
| Max Drawdown | -37.2% | -35.5%Best |
| $10,000 over 5 years | $20,581Best | $17,226 |
| Fund Family | Adams Funds | Overlay Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 1, 1929 | Sep 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 1, 2019 to Oct 14, 2026 (7 years).
ADX 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 7 years both funds cover.
ADX vs OVL Performance
Adams Diversified Equity Fund Inc (ADX) is an ETF from Adams Funds and Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares. Over the past year ADX returned +16.35% while OVL returned +10.05%. Year to date, ADX is up 10.32% versus a gain of 6.54% for OVL.
Over three years, ADX compounded at +25.88% per year against +20.74% for OVL; over five years the annualized figures are +15.53% and +11.49% respectively. Across the full 7-year window we track, ADX has the edge at +17.46% annualized vs +15.72%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVL has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 17.3% for ADX. 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 -37.2% for ADX and -35.5% 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Holdings Overlap
We hold position weights for 105 holdings in ADX and 2 in OVL, totalling 100.2% and 100.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 94 days apart, ADX as of Jun 30, 2026 and OVL as of Oct 2, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 105 positions we hold weights for in ADX and 2 in OVL, against full books of 108 and 16.
You are not choosing between two funds in isolation.
Whichever of ADX 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 performed better, ADX or OVL?
Over the past year ADX returned +16.35% vs +10.05% for OVL, so ADX leads on 1-year performance. Over the longest common window we track (7 years), ADX annualized +17.46% vs +15.72% for OVL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ADX or OVL?
OVL has been the more volatile fund at 18.8% annualized versus 17.3% for ADX. Worst drawdown: ADX -37.2% vs OVL -35.5%.
Should I hold both ADX and OVL?
ADX and OVL have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, ADX or OVL?
ADX yields 7.25% while OVL yields 9.13%, so OVL currently pays the higher dividend yield.
Is OVL better than ADX?
ADX led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.