OVLH vs ZJAN
Overlay Shares Hedged Large Cap Equity ETF vs Innovator Equity Defined Protection ETF - 1 Yr January
Which is better, OVLH or ZJAN?
OVLH has been ahead.
ZJAN has a lower expense ratio. OVLH 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 | OVLH | ZJAN |
|---|---|---|
| Expense Ratio | 0.80% | 0.79%Best |
| AUM | $107M | $109M |
| Dividend Yield | 0.28% | 0.00% |
| Holdings | 18 | 15 |
| YTD Return | +6.99%Best | +3.98% |
| 1Y Return | +8.65%Best | +5.91% |
| 3Y Return (annualized) | +15.98% | - |
| 5Y Return (annualized) | +8.81% | - |
| Volatility (annualized) | 9.2% | 2.4%Best |
| Max Drawdown | -8.8% | -3.2%Best |
| $10,000 over 1.8 years | $12,407Best | $11,130 |
| Fund Family | Overlay Shares | Innovator ETFs Trust |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 14, 2021 | Jan 2, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Jan 2, 2025 to Oct 14, 2026 (1.8 years).
OVLH vs ZJAN 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 1.8 years both funds cover.
OVLH vs ZJAN Performance
Overlay Shares Hedged Large Cap Equity ETF (OVLH) is an ETF from Overlay Shares and Innovator Equity Defined Protection ETF - 1 Yr January (ZJAN) is an ETF from Innovator ETFs Trust. Over the past year OVLH returned +8.65% while ZJAN returned +5.91%. Year to date, OVLH is up 6.99% versus a gain of 3.98% for ZJAN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVLH has been the more volatile fund, with annualized monthly volatility of 9.2% compared with 2.4% for ZJAN. 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 -8.8% for OVLH and -3.2% for ZJAN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVLH charges 0.80% per year while ZJAN charges 0.79%. On a $10,000 position that is $80 vs $79 annually, a gap of $1 per year that compounds over a long holding period. On income, OVLH currently yields 0.28% against 0.00% for ZJAN.
You are not choosing between two funds in isolation.
Whichever of OVLH and ZJAN 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 ZJAN?
OVLH has an expense ratio of 0.80% while ZJAN charges 0.79%. ZJAN is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, OVLH or ZJAN?
Over the past year OVLH returned +8.65% vs +5.91% for ZJAN, so OVLH leads on 1-year performance. Over the longest common window we track (2 years), OVLH annualized +12.73% vs +6.13% for ZJAN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVLH or ZJAN?
OVLH has been the more volatile fund at 9.2% annualized versus 2.4% for ZJAN. Worst drawdown: OVLH -8.8% vs ZJAN -3.2%.
Should I hold both OVLH and ZJAN?
OVLH and ZJAN have a monthly-return correlation of 0.87, 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 ZJAN?
OVLH yields 0.28% while ZJAN yields 0.00%, so OVLH currently pays the higher dividend yield.
Is ZJAN better than OVLH?
ZJAN has a lower expense ratio. OVLH 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.