OVLH vs. VAMO
Compare and contrast key facts about Overlay Shares Hedged Large Cap Equity ETF (OVLH) and Cambria Value and Momentum ETF (VAMO).
OVLH and VAMO 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. VAMO is an actively managed fund by Cambria. It was launched on Sep 8, 2015.
Performance
OVLH vs. VAMO - Performance Comparison
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OVLH vs. VAMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OVLH Overlay Shares Hedged Large Cap Equity ETF | -3.86% | 15.77% | 18.44% | 16.93% | -16.16% | 20.91% |
VAMO Cambria Value and Momentum ETF | 4.13% | 16.51% | 6.11% | 5.58% | 8.55% | 21.64% |
Returns By Period
In the year-to-date period, OVLH achieves a -3.86% return, which is significantly lower than VAMO's 4.13% return.
OVLH
- 1D
- 1.31%
- 1M
- -3.80%
- YTD
- -3.86%
- 6M
- -2.62%
- 1Y
- 14.39%
- 3Y*
- 14.08%
- 5Y*
- 8.38%
- 10Y*
- —
VAMO
- 1D
- 0.15%
- 1M
- 0.99%
- YTD
- 4.13%
- 6M
- 6.61%
- 1Y
- 22.55%
- 3Y*
- 13.50%
- 5Y*
- 9.63%
- 10Y*
- 5.50%
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OVLH vs. VAMO - Expense Ratio Comparison
OVLH has a 0.80% expense ratio, which is higher than VAMO's 0.65% expense ratio.
Return for Risk
OVLH vs. VAMO — Risk / Return Rank
OVLH
VAMO
OVLH vs. VAMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Hedged Large Cap Equity ETF (OVLH) and Cambria Value and Momentum ETF (VAMO). 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.
| OVLH | VAMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.99 | -0.60 |
Sortino ratioReturn per unit of downside risk | 2.18 | 2.86 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 4.01 | -1.68 |
Martin ratioReturn relative to average drawdown | 9.92 | 13.07 | -3.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OVLH | VAMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.99 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.54 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.25 | +0.51 |
Correlation
The correlation between OVLH and VAMO is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OVLH vs. VAMO - Dividend Comparison
OVLH's dividend yield for the trailing twelve months is around 0.31%, less than VAMO's 0.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVLH Overlay Shares Hedged Large Cap Equity ETF | 0.31% | 0.30% | 0.32% | 0.83% | 0.79% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VAMO Cambria Value and Momentum ETF | 0.63% | 1.41% | 0.84% | 1.35% | 1.10% | 1.07% | 1.03% | 1.15% | 1.03% | 0.35% | 0.56% | 0.20% |
Drawdowns
OVLH vs. VAMO - Drawdown Comparison
The maximum OVLH drawdown since its inception was -20.69%, smaller than the maximum VAMO drawdown of -41.84%. Use the drawdown chart below to compare losses from any high point for OVLH and VAMO.
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Drawdown Indicators
| OVLH | VAMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.69% | -41.84% | +21.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.36% | -5.55% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -20.69% | -17.25% | -3.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.84% | — |
Current DrawdownCurrent decline from peak | -5.14% | -1.83% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -10.10% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.70% | -0.21% |
Volatility
OVLH vs. VAMO - Volatility Comparison
The current volatility for Overlay Shares Hedged Large Cap Equity ETF (OVLH) is 2.76%, while Cambria Value and Momentum ETF (VAMO) has a volatility of 3.04%. This indicates that OVLH experiences smaller price fluctuations and is considered to be less risky than VAMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OVLH | VAMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 3.04% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.22% | 8.77% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.42% | 11.39% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.77% | 17.92% | -6.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.87% | 18.09% | -6.22% |