NITE vs OVLH
The Nightview Fund ETF vs Overlay Shares Hedged Large Cap Equity ETF
Which is better, NITE or OVLH?
NITE has been ahead.
OVLH has a lower expense ratio. NITE led over 1Y 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 | NITE | OVLH |
|---|---|---|
| Expense Ratio | 1.25% | 0.80%Best |
| AUM | $35M | $107M |
| Dividend Yield | 0.00% | 0.28% |
| Holdings | 38 | 18 |
| YTD Return | +4.15% | +6.99%Best |
| 1Y Return | +10.11%Best | +8.65% |
| 3Y Return (annualized) | - | +15.98% |
| 5Y Return (annualized) | - | +8.81% |
| Volatility (annualized) | 20.6% | 8.4%Best |
| Max Drawdown | -29.6% | -8.8%Best |
| $10,000 over 2.3 years | $15,420Best | $13,181 |
| Fund Family | Nightview Capital | Overlay Shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 21, 2024 | Jan 14, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 24, 2024 to Oct 14, 2026 (2.3 years).
NITE 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 2.3 years both funds cover.
NITE vs OVLH Performance
The Nightview Fund ETF (NITE) is an ETF from Nightview Capital and Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an ETF from Overlay Shares. Over the past year NITE returned +10.11% while OVLH returned +8.65%. Year to date, NITE is up 4.15% versus a gain of 6.99% for OVLH.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NITE has been the more volatile fund, with annualized monthly volatility of 20.6% compared with 8.4% 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 -29.6% for NITE 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NITE charges 1.25% per year while OVLH charges 0.80%. On a $10,000 position that is $125 vs $80 annually, a gap of $45 per year that compounds over a long holding period. On income, NITE currently yields 0.00% against 0.28% for OVLH.
Holdings Overlap
We hold position weights for 19 holdings in NITE and 2 in OVLH, totalling 99.8% 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 19 positions we hold weights for in NITE and 2 in OVLH, against full books of 38 and 18.
You are not choosing between two funds in isolation.
Whichever of NITE 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, NITE or OVLH?
NITE has an expense ratio of 1.25% while OVLH charges 0.80%. OVLH is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, NITE or OVLH?
Over the past year NITE returned +10.11% vs +8.65% for OVLH, so NITE leads on 1-year performance. Over the longest common window we track (2 years), NITE annualized +20.72% vs +12.76% for OVLH. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NITE or OVLH?
NITE has been the more volatile fund at 20.6% annualized versus 8.4% for OVLH. Worst drawdown: NITE -29.6% vs OVLH -8.8%.
Should I hold both NITE and OVLH?
NITE and OVLH have a monthly-return correlation of 0.74, 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, NITE or OVLH?
NITE yields 0.00% while OVLH yields 0.28%, so OVLH currently pays the higher dividend yield.
Is OVLH better than NITE?
OVLH has a lower expense ratio. NITE led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.