VAMO vs. OVLH
Compare and contrast key facts about Cambria Value and Momentum ETF (VAMO) and Overlay Shares Hedged Large Cap Equity ETF (OVLH).
VAMO and OVLH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VAMO is an actively managed fund by Cambria. It was launched on Sep 8, 2015. OVLH is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Performance
VAMO vs. OVLH - Performance Comparison
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VAMO vs. OVLH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VAMO Cambria Value and Momentum ETF | 3.84% | 16.51% | 6.11% | 5.58% | 8.55% | 21.64% |
OVLH Overlay Shares Hedged Large Cap Equity ETF | -3.40% | 15.77% | 18.44% | 16.93% | -16.16% | 20.91% |
Returns By Period
In the year-to-date period, VAMO achieves a 3.84% return, which is significantly higher than OVLH's -3.40% return.
VAMO
- 1D
- -0.28%
- 1M
- 0.18%
- YTD
- 3.84%
- 6M
- 6.46%
- 1Y
- 22.03%
- 3Y*
- 13.40%
- 5Y*
- 9.57%
- 10Y*
- 5.47%
OVLH
- 1D
- 0.48%
- 1M
- -3.48%
- YTD
- -3.40%
- 6M
- -2.32%
- 1Y
- 14.74%
- 3Y*
- 14.26%
- 5Y*
- 8.49%
- 10Y*
- —
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VAMO vs. OVLH - Expense Ratio Comparison
VAMO has a 0.65% expense ratio, which is lower than OVLH's 0.80% expense ratio.
Return for Risk
VAMO vs. OVLH — Risk / Return Rank
VAMO
OVLH
VAMO vs. OVLH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Value and Momentum ETF (VAMO) and Overlay Shares Hedged Large Cap Equity ETF (OVLH). 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.
| VAMO | OVLH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 1.42 | +0.52 |
Sortino ratioReturn per unit of downside risk | 2.80 | 2.23 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 4.00 | 2.35 | +1.65 |
Martin ratioReturn relative to average drawdown | 13.00 | 9.81 | +3.19 |
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
| VAMO | OVLH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 1.42 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.72 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.77 | -0.52 |
Correlation
The correlation between VAMO and OVLH 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
VAMO vs. OVLH - Dividend Comparison
VAMO's dividend yield for the trailing twelve months is around 0.63%, more than OVLH's 0.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
VAMO vs. OVLH - Drawdown Comparison
The maximum VAMO drawdown since its inception was -41.84%, which is greater than OVLH's maximum drawdown of -20.69%. Use the drawdown chart below to compare losses from any high point for VAMO and OVLH.
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Drawdown Indicators
| VAMO | OVLH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.84% | -20.69% | -21.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.55% | -6.36% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -20.69% | +3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -41.84% | — | — |
Current DrawdownCurrent decline from peak | -2.11% | -4.68% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -10.10% | -5.16% | -4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.52% | +0.19% |
Volatility
VAMO vs. OVLH - Volatility Comparison
Cambria Value and Momentum ETF (VAMO) has a higher volatility of 2.97% compared to Overlay Shares Hedged Large Cap Equity ETF (OVLH) at 2.79%. This indicates that VAMO's price experiences larger fluctuations and is considered to be riskier than OVLH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAMO | OVLH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 2.79% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 6.21% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 10.43% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 11.77% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 11.87% | +6.21% |