AOCT vs OVL
Innovator Equity Defined Protection ETF - 2 Yr to October 2028 vs Overlay Shares Large Cap Equity ETF
Which is better, AOCT or OVL?
OVL has been ahead.
OVL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90.
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 | AOCT | OVL |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $61M | $497M |
| Dividend Yield | 0.00% | 9.13% |
| Holdings | 15 | 16 |
| YTD Return | +4.93% | +6.54%Best |
| 1Y Return | +6.19% | +10.05%Best |
| 3Y Return (annualized) | - | +20.74% |
| 5Y Return (annualized) | - | +11.49% |
| Volatility (annualized) | 2.5%Best | 13.9% |
| Max Drawdown | -3.7%Best | -21.7% |
| $10,000 over 2 years | $11,185 | $12,826Best |
| Fund Family | Innovator ETFs Trust | Overlay Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 2, 2024 | Sep 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 1, 2024 to Oct 14, 2026 (2 years).
AOCT 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 2 years both funds cover.
AOCT vs OVL Performance
Innovator Equity Defined Protection ETF - 2 Yr to October 2028 (AOCT) is an ETF from Innovator ETFs Trust and Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares. Over the past year AOCT returned +6.19% while OVL returned +10.05%. Year to date, AOCT is up 4.93% versus a gain of 6.54% for OVL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVL has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 2.5% for AOCT. 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 -3.7% for AOCT 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AOCT charges 0.79% per year while OVL charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, AOCT currently yields 0.00% against 9.13% for OVL.
Holdings Overlap
We hold position weights for 1 holding in AOCT and 2 in OVL, totalling 97.9% and 100.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in AOCT and 2 in OVL, against full books of 15 and 16.
Top Shared Holdings
| Stock | Weight in AOCT | Weight in OVL | Difference |
|---|---|---|---|
| VOOVanguard S&P 500 ETF | 97.90% | 99.86% | 1.96% |
You are not choosing between two funds in isolation.
Whichever of AOCT 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, AOCT or OVL?
AOCT has an expense ratio of 0.79% while OVL charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, AOCT or OVL?
Over the past year AOCT returned +6.19% vs +10.05% for OVL, so OVL leads on 1-year performance. Over the longest common window we track (2 years), AOCT annualized +5.76% vs +13.25% for OVL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AOCT or OVL?
OVL has been the more volatile fund at 13.9% annualized versus 2.5% for AOCT. Worst drawdown: AOCT -3.7% vs OVL -21.7%.
Should I hold both AOCT and OVL?
AOCT and OVL have a monthly-return correlation of 0.90, 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, AOCT or OVL?
AOCT yields 0.00% while OVL yields 9.13%, so OVL currently pays the higher dividend yield.
Is OVL better than AOCT?
OVL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.