OVLH vs XVOL
Overlay Shares Hedged Large Cap Equity ETF vs Acruence Active Hedge US Equity ETF
Which is better, OVLH or XVOL?
Each has led over a different period.
OVLH has a lower expense ratio. OVLH led over the full window, XVOL 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 | OVLH | XVOL |
|---|---|---|
| Expense Ratio | 0.80%Best | 0.83% |
| AUM | $107M | $2M |
| Dividend Yield | 0.28% | 2.00% |
| Holdings | 18 | 83 |
| Volatility (annualized) | 11.6%Best | 16.5% |
| Max Drawdown | -20.7%Best | -25.8% |
| $10,000 over 5 years | $15,316Best | $12,636 |
| Fund Family | Overlay Shares | Acruence Capital, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 14, 2021 | Apr 21, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 181 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. OVLH has data through Oct 14, 2026 and XVOL through Apr 16, 2026.
Volatility and max drawdown, and the $10,000 over 5 years row, are measured over the window both funds cover: Apr 22, 2021 to Apr 16, 2026 (5 years).
Risk: Volatility and Drawdowns
XVOL has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 11.6% 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 -20.7% for OVLH and -25.8% for XVOL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVLH charges 0.80% per year while XVOL charges 0.83%. On a $10,000 position that is $80 vs $83 annually, a gap of $3 per year that compounds over a long holding period. On income, OVLH currently yields 0.28% against 2.00% for XVOL.
Holdings Overlap
At least 0.1% of XVOL's money is in holdings OVLH also owns.
Stated as a floor: for OVLH, our book for it covers 98.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 275 days apart, OVLH as of Oct 2, 2026 and XVOL as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 2 positions we hold weights for in OVLH and 81 in XVOL, against full books of 18 and 83.
Top Shared Holdings
| Stock | Weight in OVLH | Weight in XVOL | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 0.29% | 0.09% | 0.20% |
You are not choosing between two funds in isolation.
Whichever of OVLH and XVOL 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, OVLH or XVOL?
OVLH has an expense ratio of 0.80% while XVOL charges 0.83%. OVLH is the cheaper option, by $3 a year on a $10,000 investment.
Which is riskier, OVLH or XVOL?
XVOL has been the more volatile fund at 16.5% annualized versus 11.6% for OVLH. Worst drawdown: OVLH -20.7% vs XVOL -25.8%.
Should I hold both OVLH and XVOL?
OVLH and XVOL have a monthly-return correlation of 0.88, 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, OVLH or XVOL?
OVLH yields 0.28% while XVOL yields 2.00%, so XVOL currently pays the higher dividend yield.
Is XVOL better than OVLH?
OVLH has a lower expense ratio. OVLH led over the full window, XVOL over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.