Overlay Shares Hedged Large Cap Equity ETF (OVLH) belongs to the Equity Hedged category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with OVLH. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OVLH
OVLH charges 0.80% annually. There are 17 ETFs in the Equity Hedged category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Global X S&P 500 Tail Risk ETF | 0.25% | 4.28M | Aug 2021 | OVLH vs XTR | |
| Global X S&P 500 Collar 95-110 ETF | 0.25% | 3.32M | Aug 2021 | OVLH vs XCLR | |
| Invesco S&P 500 Downside Hedged ETF | 0.39% | 76.65M | Dec 2012 | OVLH vs PHDG | |
| Simplify Hedged Equity ETF | 0.43% | 316.92M | Nov 2021 | OVLH vs HEQT | |
| Invesco QQQ Hedged Advantage ETF | 0.45% | — | May 2025 | OVLH vs QQHG |
Best Risk-Adjusted Alternatives to OVLH
OVLH has a PortfoliosLab risk / return rank of 53. There are 13 ETFs in the Equity Hedged category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 94 | — | Jun 2024 | OVLH vs MAXJ | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 92 | 87.41M | Sep 2024 | OVLH vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 83 | 82.27M | Sep 2024 | OVLH vs RFLR | |
| Kraneshares Hedgeye Hedged Equity Index ETF | 81 | 100.99M | Jul 2024 | OVLH vs KSPY | |
| Invesco QQQ Hedged Advantage ETF | 78 | — | May 2025 | OVLH vs QQHG |
Top Performing OVLH Alternatives (YTD)
OVLH is at 4.90% YTD. There are 14 ETFs in the Equity Hedged category with higher YTD returns, going as high as 72.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 72.76% | 87.41M | Sep 2024 | OVLH vs HECO | |
| Horizon NASDAQ-100 Defined Risk ETF | 11.58% | 79.22M | Jul 2025 | OVLH vs QGRD | |
| Innovator U.S. Small Cap Managed Floor ETF | 11.52% | 82.27M | Sep 2024 | OVLH vs RFLR | |
| Invesco S&P 500 Downside Hedged ETF | 9.81% | 76.65M | Dec 2012 | OVLH vs PHDG | |
| Invesco QQQ Hedged Advantage ETF | 9.06% | — | May 2025 | OVLH vs QQHG |
Lowest Volatility Alternatives to OVLH
OVLH has 8.96% 1-year volatility. There are 10 ETFs in the Equity Hedged category with lower 1-year volatility, going as low as 2.51%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 2.51% | — | Jun 2024 | OVLH vs MAXJ | |
| TrueShares Equity Hedge ETF | 5.36% | 14.37M | Jan 2026 | OVLH vs ONEH | |
| Equable Shares Hedged Equity ETF | 5.89% | 301.01M | May 2019 | OVLH vs HEDG | |
| MC Trio Equity Buffered ETF | 6.24% | — | Mar 2025 | OVLH vs TRIO | |
| Simplify Hedged Equity ETF | 6.64% | 316.92M | Nov 2021 | OVLH vs HEQT |
Lowest Drawdown Alternatives to OVLH
OVLH has a 1-year max drawdown of -6.36%. There are 11 ETFs in the Equity Hedged category with shallower 1-year drawdowns, going as shallow as -1.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | -1.70% | — | Jun 2024 | OVLH vs MAXJ | |
| Swan Hedged Equity US Large Cap ETF | -4.39% | 584.47M | Dec 2020 | OVLH vs HEGD | |
| Kraneshares Hedgeye Hedged Equity Index ETF | -4.46% | 100.99M | Jul 2024 | OVLH vs KSPY | |
| MC Trio Equity Buffered ETF | -4.47% | — | Mar 2025 | OVLH vs TRIO | |
| Simplify Hedged Equity ETF | -5.09% | 316.92M | Nov 2021 | OVLH vs HEQT |
Other ETFs from Liquid Strategies
The 6 most viewed Liquid Strategies ETFs shown here include OVL, OVF, OVM and span 7 categories. AUM among these funds goes as high as $183M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Overlay Shares Large Cap Equity ETF | Derivative Income, Large Cap Blend Equities | 62 | 9.88% | 182.90M | Sep 2019 | OVLH vs OVL | |
| Overlay Shares Foreign Equity ETF | Foreign Large Cap Equities | 53 | 12.53% | 29.60M | Sep 2019 | OVLH vs OVF | |
| Overlay Shares Municipal Bond ETF | Municipal Bonds | 84 | 3.51% | 30.60M | Sep 2019 | OVLH vs OVM | |
| Overlay Shares Short Term Bond ETF | Corporate Bonds | 75 | 1.98% | 49.77M | Jan 2021 | OVLH vs OVT | |
| Overlay Shares Core Bond ETF | Intermediate Core Bond | 50 | 2.07% | 33.20M | Sep 2019 | OVLH vs OVB | |
| Overlay Shares Small Cap Equity ETF | Small Cap Blend Equities | 71 | 20.91% | 16.00M | Sep 2019 | OVLH vs OVS |
Often Compared With OVLH
Investors most often compare OVLH with SPY, FHEQ, KHPI. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare OVLH with Any Fund or Stock
Compare OVLH with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OVLH with funds that move differently
Overlay Shares Hedged Large Cap Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OVLH.
Explore OVLH Diversifiers