OVL vs WELD
Overlay Shares Large Cap Equity ETF vs Tema US Manufacturing & Reshoring ETF
Which is better, OVL or WELD?
WELD has been ahead.
WELD has a lower expense ratio. WELD led over 1Y.
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 | WELD |
|---|---|---|
| Expense Ratio | 0.79% | 0.75%Best |
| AUM | $497M | $270M |
| Dividend Yield | 9.13% | 0.25% |
| Holdings | 16 | 94 |
| YTD Return | +6.54%Best | -16.87% |
| 1Y Return | +10.05% | - |
| 3Y Return (annualized) | +20.74% | - |
| 5Y Return (annualized) | +11.49% | - |
| Fund Family | Overlay Shares | Tema Global Limited |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 30, 2019 | May 10, 2023 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
OVL vs WELD 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
OVL vs WELD Performance
Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares and Tema US Manufacturing & Reshoring ETF (WELD) is an ETF from Tema Global Limited. Year to date, OVL is up 6.54% versus a loss of 16.87% for WELD.
Past performance does not guarantee future results.
Fees and Cost Over Time
OVL charges 0.79% per year while WELD 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 0.25% for WELD.
Holdings Overlap
We hold position weights for 2 holdings in OVL and 42 in WELD, totalling 100.2% and 100.0% 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 42 in WELD, against full books of 16 and 94.
You are not choosing between two funds in isolation.
Whichever of OVL and WELD 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 WELD?
OVL has an expense ratio of 0.79% while WELD charges 0.75%. WELD is the cheaper option, by $4 a year on a $10,000 investment.
Which pays a higher dividend, OVL or WELD?
OVL yields 9.13% while WELD yields 0.25%, so OVL currently pays the higher dividend yield.
Is WELD better than OVL?
WELD has a lower expense ratio. WELD led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.