OVL vs STEW
Overlay Shares Large Cap Equity ETF vs SRH Total Return Fund
Which is better, OVL or STEW?
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 | OVL | STEW |
|---|---|---|
| Expense Ratio | 0.79%Best | 2.28% |
| AUM | $497M | $2.3B |
| Dividend Yield | 9.13% | 3.39% |
| Holdings | 16 | 24 |
| YTD Return | +7.04%Best | +0.47% |
| 1Y Return | +10.10%Best | +3.32% |
| 3Y Return (annualized) | +20.91%Best | +15.44% |
| 5Y Return (annualized) | +11.41%Best | +9.95% |
| Volatility (annualized) | 18.8% | 17.8%Best |
| Max Drawdown | -35.5% | -35.3%Best |
| $10,000 over 5 years | $17,164Best | $16,069 |
| Fund Family | Overlay Shares | Paralel Advisors LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 30, 2019 | Jan 31, 2002 |
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 15, 2026 (7 years).
OVL vs STEW 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.
OVL vs STEW Performance
Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares and SRH Total Return Fund (STEW) is an ETF from Paralel Advisors LLC. Over the past year OVL returned +10.10% while STEW returned +3.32%. Year to date, OVL is up 7.04% versus a gain of 0.47% for STEW.
Over three years, OVL compounded at +20.91% per year against +15.44% for STEW; over five years the annualized figures are +11.41% and +9.95% respectively. Across the full 7-year window we track, OVL has the edge at +15.79% annualized vs +10.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVL has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 17.8% for STEW. 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 -35.5% for OVL and -35.3% for STEW. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVL charges 0.79% per year while STEW charges 2.28%. On a $10,000 position that is $79 vs $228 annually, a gap of $149 per year that compounds over a long holding period. On income, OVL currently yields 9.13% against 3.39% for STEW.
Holdings Overlap
We hold position weights for 2 holdings in OVL and 21 in STEW, totalling 100.2% and 93.5% 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 2 positions we hold weights for in OVL and 21 in STEW, against full books of 16 and 24.
You are not choosing between two funds in isolation.
Whichever of OVL and STEW 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, OVL or STEW?
OVL has an expense ratio of 0.79% while STEW charges 2.28%. OVL is the cheaper option, by $149 a year on a $10,000 investment.
Which performed better, OVL or STEW?
Over the past year OVL returned +10.10% vs +3.32% for STEW, so OVL leads on 1-year performance. Over the longest common window we track (7 years), OVL annualized +15.79% vs +10.22% for STEW. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVL or STEW?
OVL has been the more volatile fund at 18.8% annualized versus 17.8% for STEW. Worst drawdown: OVL -35.5% vs STEW -35.3%.
Should I hold both OVL and STEW?
OVL and STEW have a monthly-return correlation of 0.78, 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, OVL or STEW?
OVL yields 9.13% while STEW yields 3.39%, so OVL currently pays the higher dividend yield.
Is STEW better than OVL?
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.