OVLH vs ZIG
Overlay Shares Hedged Large Cap Equity ETF vs The Acquirers Fund ETF
Which is better, OVLH or ZIG?
OVLH has been ahead.
ZIG has a lower expense ratio. OVLH 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 | OVLH | ZIG |
|---|---|---|
| Expense Ratio | 0.80% | 0.75%Best |
| AUM | $107M | $30M |
| Dividend Yield | 0.28% | 1.70% |
| Holdings | 18 | 97 |
| YTD Return | +6.99%Best | +5.85% |
| 1Y Return | +8.65%Best | +7.60% |
| 3Y Return (annualized) | +15.98%Best | +10.04% |
| 5Y Return (annualized) | +8.81%Best | +7.65% |
| Volatility (annualized) | 11.3%Best | 20.0% |
| Max Drawdown | -20.7%Best | -29.8% |
| $10,000 over 5 years | $15,253Best | $14,457 |
| Fund Family | Overlay Shares | Acquirers Funds, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 14, 2021 | May 14, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 15, 2021 to Oct 14, 2026 (5.7 years).
OVLH vs ZIG 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 5.7 years both funds cover.
OVLH vs ZIG Performance
Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an ETF from Overlay Shares and The Acquirers Fund ETF (ZIG) is an ETF from Acquirers Funds, LLC. Over the past year OVLH returned +8.65% while ZIG returned +7.60%. Year to date, OVLH is up 6.99% versus a gain of 5.85% for ZIG.
Over three years, OVLH compounded at +15.98% per year against +10.04% for ZIG; over five years the annualized figures are +8.81% and +7.65% respectively. Across the full 6-year window we track, OVLH has the edge at +10.08% annualized vs +9.86%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ZIG has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 11.3% 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 -29.8% for ZIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVLH charges 0.80% per year while ZIG charges 0.75%. On a $10,000 position that is $80 vs $75 annually, a gap of $5 per year that compounds over a long holding period. On income, OVLH currently yields 0.28% against 1.70% for ZIG.
Holdings Overlap
At least 0.1% of ZIG'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.
1 positions in common, counted across the 2 positions we hold weights for in OVLH and 32 in ZIG, against full books of 18 and 97.
Top Shared Holdings
| Stock | Weight in OVLH | Weight in ZIG | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 0.29% | 0.08% | 0.21% |
You are not choosing between two funds in isolation.
Whichever of OVLH and ZIG 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 ZIG?
OVLH has an expense ratio of 0.80% while ZIG charges 0.75%. ZIG is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, OVLH or ZIG?
Over the past year OVLH returned +8.65% vs +7.60% for ZIG, so OVLH leads on 1-year performance. Over the longest common window we track (6 years), OVLH annualized +10.08% vs +9.86% for ZIG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVLH or ZIG?
ZIG has been the more volatile fund at 20.0% annualized versus 11.3% for OVLH. Worst drawdown: OVLH -20.7% vs ZIG -29.8%.
Should I hold both OVLH and ZIG?
OVLH and ZIG have a monthly-return correlation of 0.70, 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 ZIG?
OVLH yields 0.28% while ZIG yields 1.70%, so ZIG currently pays the higher dividend yield.
Is ZIG better than OVLH?
ZIG has a lower expense ratio. OVLH 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.