OVLH vs. USMC
Compare and contrast key facts about Overlay Shares Hedged Large Cap Equity ETF (OVLH) and Principal U.S. Mega-Cap ETF (USMC).
OVLH and USMC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OVLH is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021. 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: OVLH or USMC.
Correlation
The correlation between OVLH and USMC is 0.96, 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
OVLH vs. USMC - Performance Comparison
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Key characteristics
OVLH:
1.32
USMC:
0.92
OVLH:
2.10
USMC:
1.39
OVLH:
1.26
USMC:
1.21
OVLH:
1.65
USMC:
0.95
OVLH:
5.84
USMC:
3.44
OVLH:
2.49%
USMC:
5.26%
OVLH:
10.82%
USMC:
19.35%
OVLH:
-20.69%
USMC:
-29.97%
OVLH:
0.00%
USMC:
-5.05%
Returns By Period
In the year-to-date period, OVLH achieves a 3.67% return, which is significantly higher than USMC's -0.15% return.
OVLH
3.67%
6.21%
2.32%
14.20%
N/A
N/A
USMC
-0.15%
8.27%
1.24%
17.59%
17.55%
N/A
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OVLH vs. USMC - Expense Ratio Comparison
OVLH has a 0.78% expense ratio, which is higher than USMC's 0.12% expense ratio.
Risk-Adjusted Performance
OVLH vs. USMC — Risk-Adjusted Performance Rank
OVLH
USMC
OVLH vs. USMC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Hedged Large Cap Equity ETF (OVLH) 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
OVLH vs. USMC - Dividend Comparison
OVLH's dividend yield for the trailing twelve months is around 0.31%, less than USMC's 1.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
OVLH Overlay Shares Hedged Large Cap Equity ETF | 0.31% | 0.32% | 0.83% | 0.79% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% |
USMC Principal U.S. Mega-Cap ETF | 1.00% | 1.04% | 1.35% | 1.78% | 1.53% | 1.56% | 2.04% | 2.27% | 0.24% |
Drawdowns
OVLH vs. USMC - Drawdown Comparison
The maximum OVLH drawdown since its inception was -20.69%, smaller than the maximum USMC drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for OVLH and USMC. For additional features, visit the drawdowns tool.
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Volatility
OVLH vs. USMC - Volatility Comparison
The current volatility for Overlay Shares Hedged Large Cap Equity ETF (OVLH) is 3.42%, while Principal U.S. Mega-Cap ETF (USMC) has a volatility of 6.45%. This indicates that OVLH experiences smaller price fluctuations and is considered to be less risky than USMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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