IAE vs OVL
Voya Asia Pacific High Dividend Equity Income Fund vs Overlay Shares Large Cap Equity ETF
Which is better, IAE or OVL?
OVL has been ahead.
OVL has a lower expense ratio. OVL led over 1Y, 3Y, 5Y and 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 | IAE | OVL |
|---|---|---|
| Expense Ratio | 1.21% | 0.79%Best |
| AUM | $95M | $497M |
| Dividend Yield | 8.68% | 9.13% |
| Holdings | 271 | 16 |
| YTD Return | +1.03% | +6.54%Best |
| 1Y Return | +6.56% | +10.05%Best |
| 3Y Return (annualized) | +19.94% | +20.74%Best |
| 5Y Return (annualized) | +7.99% | +11.49%Best |
| Volatility (annualized) | 20.4% | 18.8%Best |
| Max Drawdown | -39.2% | -35.5%Best |
| $10,000 over 5 years | $14,686 | $17,226Best |
| Fund Family | Voya Investment Management | Overlay Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 27, 2007 | 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 13, 2026 (7 years).
IAE 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.
IAE vs OVL Performance
Voya Asia Pacific High Dividend Equity Income Fund (IAE) is an ETF from Voya Investment Management and Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares. Over the past year IAE returned +6.56% while OVL returned +10.05%. Year to date, IAE is up 1.03% versus a gain of 6.54% for OVL.
Over three years, IAE compounded at +19.94% per year against +20.74% for OVL; over five years the annualized figures are +7.99% and +11.49% respectively. Across the full 7-year window we track, OVL has the edge at +15.98% annualized vs +7.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IAE has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 18.8% for OVL. 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 -39.2% for IAE 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 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IAE charges 1.21% per year while OVL charges 0.79%. On a $10,000 position that is $121 vs $79 annually, a gap of $42 per year that compounds over a long holding period. On income, IAE currently yields 8.68% against 9.13% for OVL.
Holdings Overlap
We hold position weights for 248 holdings in IAE and 2 in OVL, totalling 98.4% and 100.2% 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 248 positions we hold weights for in IAE and 2 in OVL, against full books of 271 and 16.
You are not choosing between two funds in isolation.
Whichever of IAE 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, IAE or OVL?
IAE has an expense ratio of 1.21% while OVL charges 0.79%. OVL is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, IAE or OVL?
Over the past year IAE returned +6.56% vs +10.05% for OVL, so OVL leads on 1-year performance. Over the longest common window we track (7 years), IAE annualized +7.22% vs +15.98% for OVL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IAE or OVL?
IAE has been the more volatile fund at 20.4% annualized versus 18.8% for OVL. Worst drawdown: IAE -39.2% vs OVL -35.5%.
Should I hold both IAE and OVL?
IAE and OVL have a monthly-return correlation of 0.56, 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, IAE or OVL?
IAE yields 8.68% while OVL yields 9.13%, so OVL currently pays the higher dividend yield.
Is OVL better than IAE?
OVL has a lower expense ratio. OVL led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.