OVL vs VOLT
Overlay Shares Large Cap Equity ETF vs Tema Electrification ETF
Which is better, OVL or VOLT?
VOLT has been ahead.
VOLT has a lower expense ratio. VOLT 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 | OVL | VOLT |
|---|---|---|
| Expense Ratio | 0.79% | 0.75%Best |
| AUM | $497M | $742M |
| Dividend Yield | 9.13% | 0.37% |
| Holdings | 16 | 30 |
| YTD Return | +6.54% | +18.20%Best |
| 1Y Return | +10.05% | +18.09%Best |
| 3Y Return (annualized) | +20.74% | - |
| 5Y Return (annualized) | +11.49% | - |
| Volatility (annualized) | 13.5%Best | 24.0% |
| Max Drawdown | -21.7%Best | -23.4% |
| $10,000 over 1.9 years | $12,033 | $14,046Best |
| Fund Family | Overlay Shares | Tema Global Limited |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 30, 2019 | Dec 3, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 4, 2024 to Oct 14, 2026 (1.9 years).
OVL vs VOLT 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 1.9 years both funds cover.
OVL vs VOLT Performance
Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares and Tema Electrification ETF (VOLT) is an ETF from Tema Global Limited. Over the past year OVL returned +10.05% while VOLT returned +18.09%. Year to date, OVL is up 6.54% versus a gain of 18.20% for VOLT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOLT has been the more volatile fund, with annualized monthly volatility of 24.0% compared with 13.5% 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 -21.7% for OVL and -23.4% for VOLT. 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
OVL charges 0.79% per year while VOLT charges 0.75%. On a $10,000 position that is $79 vs $75 annually, a gap of $4 per year that compounds over a long holding period. On income, OVL currently yields 9.13% against 0.37% for VOLT.
Holdings Overlap
We hold position weights for 2 holdings in OVL and 27 in VOLT, totalling 100.2% and 99.3% 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 27 in VOLT, against full books of 16 and 30.
You are not choosing between two funds in isolation.
Whichever of OVL and VOLT 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 VOLT?
OVL has an expense ratio of 0.79% while VOLT charges 0.75%. VOLT is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, OVL or VOLT?
Over the past year OVL returned +10.05% vs +18.09% for VOLT, so VOLT leads on 1-year performance. Over the longest common window we track (2 years), OVL annualized +10.23% vs +19.58% for VOLT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVL or VOLT?
VOLT has been the more volatile fund at 24.0% annualized versus 13.5% for OVL. Worst drawdown: OVL -21.7% vs VOLT -23.4%.
Should I hold both OVL and VOLT?
OVL and VOLT 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, OVL or VOLT?
OVL yields 9.13% while VOLT yields 0.37%, so OVL currently pays the higher dividend yield.
Is VOLT better than OVL?
VOLT has a lower expense ratio. VOLT 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.