AESR vs OVL
Anfield US Equity Sector Rotation ETF vs Overlay Shares Large Cap Equity ETF
Which is better, AESR or OVL?
Nearly the same fund. OVL costs less.
OVL has a lower expense ratio. AESR led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96.
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 | AESR | OVL |
|---|---|---|
| Expense Ratio | 0.97% | 0.79%Best |
| AUM | $257M | $497M |
| Dividend Yield | 0.00% | 9.13% |
| Holdings | 66 | 16 |
| YTD Return | +14.49%Best | +6.54% |
| 1Y Return | +18.02%Best | +10.05% |
| 3Y Return (annualized) | +24.85%Best | +20.74% |
| 5Y Return (annualized) | +13.25%Best | +11.49% |
| Volatility (annualized) | 17.6%Best | 19.0% |
| Max Drawdown | -31.1%Best | -35.5% |
| $10,000 over 5 years | $18,629Best | $17,226 |
| Fund Family | Horizon Funds | Overlay Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 16, 2019 | Sep 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 17, 2019 to Oct 14, 2026 (6.8 years).
AESR 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 6.8 years both funds cover.
AESR vs OVL Performance
Anfield US Equity Sector Rotation ETF (AESR) is an ETF from Horizon Funds and Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares. Over the past year AESR returned +18.02% while OVL returned +10.05%. Year to date, AESR is up 14.49% versus a gain of 6.54% for OVL.
Over three years, AESR compounded at +24.85% per year against +20.74% for OVL; over five years the annualized figures are +13.25% and +11.49% respectively. Across the full 7-year window we track, AESR has the edge at +15.24% annualized vs +14.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVL has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 17.6% for AESR. 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 -31.1% for AESR 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AESR charges 0.97% per year while OVL charges 0.79%. On a $10,000 position that is $97 vs $79 annually, a gap of $18 per year that compounds over a long holding period. On income, AESR currently yields 0.00% against 9.13% for OVL.
Holdings Overlap
At least 0.5% of AESR's money is in holdings OVL also owns.
Stated as a floor: for OVL, our book for it covers 100.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 32 positions we hold weights for in AESR and 2 in OVL, against full books of 66 and 16.
Top Shared Holdings
| Stock | Weight in AESR | Weight in OVL | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 0.49% | 0.35% | 0.14% |
You are not choosing between two funds in isolation.
Whichever of AESR 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, AESR or OVL?
AESR has an expense ratio of 0.97% while OVL charges 0.79%. OVL is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, AESR or OVL?
Over the past year AESR returned +18.02% vs +10.05% for OVL, so AESR leads on 1-year performance. Over the longest common window we track (7 years), AESR annualized +15.24% vs +14.65% for OVL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AESR or OVL?
OVL has been the more volatile fund at 19.0% annualized versus 17.6% for AESR. Worst drawdown: AESR -31.1% vs OVL -35.5%.
Should I hold both AESR and OVL?
AESR and OVL have a monthly-return correlation of 0.96, 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, AESR or OVL?
AESR yields 0.00% while OVL yields 9.13%, so OVL currently pays the higher dividend yield.
Is OVL better than AESR?
OVL has a lower expense ratio. AESR led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.