DVSP vs OVLH
WEBs SPY Defined Volatility ETF vs Overlay Shares Hedged Large Cap Equity ETF
Which is better, DVSP or OVLH?
Each has led over a different period.
OVLH has a lower expense ratio. DVSP led over 1Y, OVLH over 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 | DVSP | OVLH |
|---|---|---|
| Expense Ratio | 0.89% | 0.80%Best |
| AUM | $2M | $107M |
| Dividend Yield | 0.26% | 0.28% |
| Holdings | 8 | 18 |
| YTD Return | +10.86%Best | +7.75% |
| 1Y Return | +13.59%Best | +9.04% |
| 3Y Return (annualized) | - | +16.23% |
| 5Y Return (annualized) | - | +8.81% |
| Volatility (annualized) | 17.8% | 8.9%Best |
| Max Drawdown | -22.7% | -8.8%Best |
| $10,000 over 1.8 years | $12,078 | $12,121Best |
| Fund Family | WEBs Investments | Overlay Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 16, 2024 | Jan 14, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 17, 2024 to Oct 15, 2026 (1.8 years).
DVSP 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 1.8 years both funds cover.
DVSP vs OVLH Performance
WEBs SPY Defined Volatility ETF (DVSP) is an ETF from WEBs Investments and Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an ETF from Overlay Shares. Over the past year DVSP returned +13.59% while OVLH returned +9.04%. Year to date, DVSP is up 10.86% versus a gain of 7.75% for OVLH.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVSP has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 8.9% 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 -22.7% for DVSP and -8.8% 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DVSP charges 0.89% per year while OVLH charges 0.80%. On a $10,000 position that is $89 vs $80 annually, a gap of $9 per year that compounds over a long holding period. On income, DVSP currently yields 0.26% against 0.28% for OVLH.
Holdings Overlap
We hold position weights for 1 holding in DVSP and 2 in OVLH, totalling 43.3% 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 1 positions we hold weights for in DVSP and 2 in OVLH, against full books of 8 and 18.
You are not choosing between two funds in isolation.
Whichever of DVSP 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, DVSP or OVLH?
DVSP has an expense ratio of 0.89% while OVLH charges 0.80%. OVLH is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, DVSP or OVLH?
Over the past year DVSP returned +13.59% vs +9.04% for OVLH, so DVSP leads on 1-year performance. Over the longest common window we track (2 years), DVSP annualized +11.06% vs +11.28% for OVLH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVSP or OVLH?
DVSP has been the more volatile fund at 17.8% annualized versus 8.9% for OVLH. Worst drawdown: DVSP -22.7% vs OVLH -8.8%.
Should I hold both DVSP and OVLH?
DVSP and OVLH have a monthly-return correlation of 0.89, 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, DVSP or OVLH?
DVSP yields 0.26% while OVLH yields 0.28%, so OVLH currently pays the higher dividend yield.
Is OVLH better than DVSP?
OVLH has a lower expense ratio. DVSP led over 1Y, OVLH over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.