OVL vs. SCHG
Compare and contrast key facts about Overlay Shares Large Cap Equity ETF (OVL) and Schwab U.S. Large-Cap Growth ETF (SCHG).
OVL and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVL or SCHG.
Correlation
The correlation between OVL and SCHG is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OVL vs. SCHG - Performance Comparison
Key characteristics
OVL:
1.26
SCHG:
1.52
OVL:
1.70
SCHG:
2.04
OVL:
1.28
SCHG:
1.28
OVL:
2.43
SCHG:
2.22
OVL:
9.13
SCHG:
8.37
OVL:
2.69%
SCHG:
3.28%
OVL:
19.48%
SCHG:
18.10%
OVL:
-35.49%
SCHG:
-34.59%
OVL:
-2.70%
SCHG:
-3.75%
Returns By Period
In the year-to-date period, OVL achieves a 2.60% return, which is significantly higher than SCHG's 0.50% return.
OVL
2.60%
-1.25%
7.42%
20.98%
14.90%
N/A
SCHG
0.50%
-3.01%
9.81%
23.72%
18.13%
16.12%
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OVL vs. SCHG - Expense Ratio Comparison
OVL has a 0.79% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
OVL vs. SCHG — Risk-Adjusted Performance Rank
OVL
SCHG
OVL vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Large Cap Equity ETF (OVL) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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. SCHG - Dividend Comparison
OVL's dividend yield for the trailing twelve months is around 3.02%, more than SCHG's 0.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVL Overlay Shares Large Cap Equity ETF | 3.02% | 3.10% | 3.34% | 3.85% | 3.63% | 2.44% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.39% | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% |
Drawdowns
OVL vs. SCHG - Drawdown Comparison
The maximum OVL drawdown since its inception was -35.49%, roughly equal to the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for OVL and SCHG. For additional features, visit the drawdowns tool.
Volatility
OVL vs. SCHG - Volatility Comparison
The current volatility for Overlay Shares Large Cap Equity ETF (OVL) is 4.07%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.41%. This indicates that OVL experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.