Correlation
The correlation between OVL and USMC is 0.95, 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.
OVL vs. USMC
Compare and contrast key facts about Overlay Shares Large Cap Equity ETF (OVL) and Principal U.S. Mega-Cap ETF (USMC).
OVL and USMC 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. USMC is a passively managed fund by Principal that tracks the performance of the Nasdaq US Mega Cap Select Leaders Index. It was launched on Oct 12, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVL or USMC.
Performance
OVL vs. USMC - Performance Comparison
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Key characteristics
OVL:
0.52
USMC:
0.96
OVL:
0.78
USMC:
1.27
OVL:
1.12
USMC:
1.19
OVL:
0.52
USMC:
0.85
OVL:
1.84
USMC:
3.03
OVL:
6.20%
USMC:
5.37%
OVL:
25.28%
USMC:
19.48%
OVL:
-35.49%
USMC:
-29.97%
OVL:
-6.03%
USMC:
-4.72%
Returns By Period
In the year-to-date period, OVL achieves a -0.91% return, which is significantly lower than USMC's 0.20% return.
OVL
-0.91%
5.90%
-4.01%
12.08%
14.17%
16.13%
N/A
USMC
0.20%
4.89%
-0.04%
17.57%
16.48%
16.66%
N/A
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OVL vs. USMC - Expense Ratio Comparison
OVL has a 0.79% expense ratio, which is higher than USMC's 0.12% expense ratio.
Risk-Adjusted Performance
OVL vs. USMC — Risk-Adjusted Performance Rank
OVL
USMC
OVL vs. USMC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Large Cap Equity ETF (OVL) and Principal U.S. Mega-Cap ETF (USMC). 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.
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Dividends
OVL vs. USMC - Dividend Comparison
OVL's dividend yield for the trailing twelve months is around 3.31%, more than USMC's 0.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
OVL Overlay Shares Large Cap Equity ETF | 3.31% | 3.10% | 3.34% | 3.85% | 3.63% | 2.44% | 0.50% | 0.00% | 0.00% |
USMC Principal U.S. Mega-Cap ETF | 0.96% | 0.99% | 1.35% | 1.78% | 1.53% | 1.56% | 2.04% | 2.27% | 0.24% |
Drawdowns
OVL vs. USMC - Drawdown Comparison
The maximum OVL drawdown since its inception was -35.49%, which is greater than USMC's maximum drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for OVL and USMC.
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Volatility
OVL vs. USMC - Volatility Comparison
Overlay Shares Large Cap Equity ETF (OVL) has a higher volatility of 5.00% compared to Principal U.S. Mega-Cap ETF (USMC) at 4.74%. This indicates that OVL's price experiences larger fluctuations and is considered to be riskier than USMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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