IAE vs OVLH
Voya Asia Pacific High Dividend Equity Income Fund vs Overlay Shares Hedged Large Cap Equity ETF
Which is better, IAE or OVLH?
Each has led over a different period.
OVLH has a lower expense ratio. IAE led over 3Y, OVLH over 1Y, 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 | OVLH |
|---|---|---|
| Expense Ratio | 1.21% | 0.80%Best |
| AUM | $95M | $107M |
| Dividend Yield | 8.68% | 0.28% |
| Holdings | 271 | 18 |
| YTD Return | +1.03% | +6.99%Best |
| 1Y Return | +6.56% | +8.65%Best |
| 3Y Return (annualized) | +19.94%Best | +15.98% |
| 5Y Return (annualized) | +7.99% | +8.81%Best |
| Volatility (annualized) | 20.2% | 11.3%Best |
| Max Drawdown | -32.9% | -20.7%Best |
| $10,000 over 5 years | $14,686 | $15,253Best |
| Fund Family | Voya Investment Management | Overlay Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 27, 2007 | Jan 14, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 15, 2021 to Oct 13, 2026 (5.7 years).
IAE 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 5.7 years both funds cover.
IAE vs OVLH Performance
Voya Asia Pacific High Dividend Equity Income Fund (IAE) is an ETF from Voya Investment Management and Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an ETF from Overlay Shares. Over the past year IAE returned +6.56% while OVLH returned +8.65%. Year to date, IAE is up 1.03% versus a gain of 6.99% for OVLH.
Over three years, IAE compounded at +19.94% per year against +15.98% for OVLH; over five years the annualized figures are +7.99% and +8.81% respectively. Across the full 6-year window we track, OVLH has the edge at +10.34% annualized vs +6.47%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IAE has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 11.3% 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 -32.9% for IAE and -20.7% 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 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IAE charges 1.21% per year while OVLH charges 0.80%. On a $10,000 position that is $121 vs $80 annually, a gap of $41 per year that compounds over a long holding period. On income, IAE currently yields 8.68% against 0.28% for OVLH.
Holdings Overlap
We hold position weights for 248 holdings in IAE and 2 in OVLH, totalling 98.4% 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 248 positions we hold weights for in IAE and 2 in OVLH, against full books of 271 and 18.
You are not choosing between two funds in isolation.
Whichever of IAE 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, IAE or OVLH?
IAE has an expense ratio of 1.21% while OVLH charges 0.80%. OVLH is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, IAE or OVLH?
Over the past year IAE returned +6.56% vs +8.65% for OVLH, so OVLH leads on 1-year performance. Over the longest common window we track (6 years), IAE annualized +6.47% vs +10.34% for OVLH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IAE or OVLH?
IAE has been the more volatile fund at 20.2% annualized versus 11.3% for OVLH. Worst drawdown: IAE -32.9% vs OVLH -20.7%.
Should I hold both IAE and OVLH?
IAE and OVLH have a monthly-return correlation of 0.55, 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 OVLH?
IAE yields 8.68% while OVLH yields 0.28%, so IAE currently pays the higher dividend yield.
Is OVLH better than IAE?
OVLH has a lower expense ratio. IAE led over 3Y, OVLH over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.