Overlay Shares Large Cap Equity ETF (OVL) belongs to the Large Cap Growth Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with OVL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OVL
OVL charges 0.79% annually. There are 205 ETFs in the Large Cap Growth Equities category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| JP Morgan Betabuilders U.S. Equity ETF | 0.02% | 8.38B | Mar 2019 | OVL vs BBUS | |
| iShares Morningstar U.S. Equity ETF | 0.03% | 1.28B | Jun 2004 | OVL vs ILCB | |
| Vanguard Growth ETF | 0.03% | 365.00B | Jan 2004 | OVL vs VUG | |
| Vanguard Large-Cap ETF | 0.04% | 71.00B | Jan 2004 | OVL vs VV | |
| iShares Core S&P U.S. Growth ETF | 0.04% | 32.58B | Jul 2000 | OVL vs IUSG |
Best Risk-Adjusted Alternatives to OVL
OVL has a PortfoliosLab risk / return rank of 74. There are 27 ETFs in the Large Cap Growth Equities category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grizzle Growth ETF | 91 | 15.25M | Dec 2021 | OVL vs DARP | |
| Wahed FTSE USA Shariah ETF | 88 | 555.00M | Jul 2019 | OVL vs HLAL | |
| Impact Shares NAACP Minority Empowerment ETF | 88 | 59.00M | Jul 2018 | OVL vs NACP | |
| US Vegan Climate ETF | 86 | 134.13M | Sep 2019 | OVL vs VEGN | |
| RiverFront Dynamic US Dividend Advantage ETF | 83 | 87.48M | Jun 2016 | OVL vs RFDA |
Top Performing OVL Alternatives (YTD)
OVL is at 13.20% YTD. There are 71 ETFs in the Large Cap Growth Equities category with higher YTD returns, going as high as 79.03%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill Meme Stock ETF | 79.03% | 29.99M | Oct 2025 | OVL vs MEME | |
| SMART Earnings Growth 30 ETF | 51.46% | 50.41M | Aug 2025 | OVL vs SGRT | |
| Franklin Intelligent Machines ETF | 40.18% | 87.87M | Feb 2020 | OVL vs IQM | |
| Grizzle Growth ETF | 32.67% | 15.25M | Dec 2021 | OVL vs DARP | |
| US Vegan Climate ETF | 32.05% | 134.13M | Sep 2019 | OVL vs VEGN |
Lowest Volatility Alternatives to OVL
OVL has 13.99% 1-year volatility. There are 86 ETFs in the Large Cap Growth Equities category with lower 1-year volatility, going as low as 6.93%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Core Alternative ETF | 6.93% | 39.10M | May 2017 | OVL vs CCOR | |
| WisdomTree US LargeCap Dividend ETF | 8.87% | 6.04B | Jun 2006 | OVL vs DLN | |
| SPDR MSCI USA StrategicFactors ETF | 9.09% | 1.64B | Apr 2015 | OVL vs QUS | |
| Invesco Dividend Achievers™ ETF | 9.47% | 780.82M | Sep 2005 | OVL vs PFM | |
| iShares Core Dividend Growth ETF | 9.48% | 40.46B | Jun 2014 | OVL vs DGRO |
Lowest Drawdown Alternatives to OVL
OVL has a 1-year max drawdown of -8.73%. There are 33 ETFs in the Large Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -5.45%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverFront Dynamic US Dividend Advantage ETF | -5.45% | 87.48M | Jun 2016 | OVL vs RFDA | |
| Hartford Multifactor US Equity ETF | -5.97% | 632.73M | Feb 2015 | OVL vs ROUS | |
| WisdomTree US LargeCap Dividend ETF | -6.10% | 6.04B | Jun 2006 | OVL vs DLN | |
| PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | -6.39% | 251.20M | Aug 2017 | OVL vs MFUS | |
| iShares Core Dividend Growth ETF | -6.47% | 40.46B | Jun 2014 | OVL vs DGRO |
Other ETFs from Liquid Strategies
The 6 most viewed Liquid Strategies ETFs shown here include OVLH, OVF, OVM and span 6 categories. AUM among these funds goes as high as $94M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Overlay Shares Hedged Large Cap Equity ETF | Equity Hedged | 65 | 7.26% | 94.33M | Jan 2021 | OVL vs OVLH | |
| Overlay Shares Foreign Equity ETF | Foreign Large Cap Equities | 58 | 14.61% | 29.60M | Sep 2019 | OVL vs OVF | |
| Overlay Shares Municipal Bond ETF | Municipal Bonds | 88 | 3.96% | 30.60M | Sep 2019 | OVL vs OVM | |
| Overlay Shares Short Term Bond ETF | Corporate Bonds | 85 | 2.61% | 49.77M | Jan 2021 | OVL vs OVT | |
| Overlay Shares Core Bond ETF | Intermediate Core Bond | 59 | 2.58% | 33.20M | Sep 2019 | OVL vs OVB | |
| Overlay Shares Small Cap Equity ETF | Small Cap Blend Equities | 64 | 17.65% | 16.00M | Sep 2019 | OVL vs OVS |
Often Compared With OVL
Investors most often compare OVL with VOO, SPYI, SCHD. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare OVL with Any Fund or Stock
Compare OVL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OVL with funds that move differently
Overlay Shares Large Cap Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OVL.
Explore OVL Diversifiers