OVL vs. NDJI
Compare and contrast key facts about Overlay Shares Large Cap Equity ETF (OVL) and Nationwide Dow Jones Risk-Managed Income ETF (NDJI).
OVL and NDJI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OVL is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019. NDJI is an actively managed fund by Nationwide. It was launched on Dec 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVL or NDJI.
Correlation
The correlation between OVL and NDJI is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OVL vs. NDJI - Performance Comparison
Key characteristics
Returns By Period
OVL
2.60%
-1.25%
7.42%
20.98%
14.90%
N/A
NDJI
N/A
N/A
N/A
N/A
N/A
N/A
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OVL vs. NDJI - Expense Ratio Comparison
OVL has a 0.79% expense ratio, which is higher than NDJI's 0.68% expense ratio.
Risk-Adjusted Performance
OVL vs. NDJI — Risk-Adjusted Performance Rank
OVL
NDJI
OVL vs. NDJI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Large Cap Equity ETF (OVL) and Nationwide Dow Jones Risk-Managed Income ETF (NDJI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
OVL vs. NDJI - Dividend Comparison
OVL's dividend yield for the trailing twelve months is around 3.02%, while NDJI has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
OVL Overlay Shares Large Cap Equity ETF | 3.02% | 3.10% | 3.34% | 3.85% | 3.63% | 2.44% | 0.50% |
NDJI Nationwide Dow Jones Risk-Managed Income ETF | 0.00% | 0.58% | 6.74% | 7.69% | 0.57% | 0.00% | 0.00% |
Drawdowns
OVL vs. NDJI - Drawdown Comparison
Volatility
OVL vs. NDJI - Volatility Comparison
Overlay Shares Large Cap Equity ETF (OVL) has a higher volatility of 4.07% compared to Nationwide Dow Jones Risk-Managed Income ETF (NDJI) at 0.00%. This indicates that OVL's price experiences larger fluctuations and is considered to be riskier than NDJI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.