Overlay Shares Hedged Large Cap Equity ETF (OVLH)

Cboe BZX: OVLHExchange-traded fund from Liquid Strategies.

  • Expense ratio0.97%
  • Net assets$104.5M
  • Dividend yield0.29%
  • 1-year return+8.28%
  • Holdings2

OVLH ETF price chart

OVLH quote & trading statistics

OVLH performance

Annual returns & drawdowns →
  • YTD+7.30%
  • 1 year+8.28%
  • 3 years+16.66%/yr
  • 5 years+8.53%/yr
  • 10 years0.00%/yr
1Y volatility
10.03%
3Y volatility
9.62%
3Y Sharpe ratio
1.25

Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.

OVLH top 2 holdings

#SymbolNameWeight
1VOOVanguard S&P 500 ETF92.92%
2FGXXXFirst American Funds Inc. - Government Obligations Fund0.03%

The top 2 holdings make up 92.9% of the fund (2 holdings in total). As of October 25, 2026.

OVLH sector weights

Technology
42.1%
Financial Services
11.2%
Communication Services
10.4%
Healthcare
8.8%
Consumer Cyclical
8.5%
Industrials
7.7%
Consumer Defensive
4.3%
Energy
3.3%
Utilities
2.0%
Real Estate
1.6%
Basic Materials
1.6%

OVLH region weights

North America
94.7%
Europe Developed
0.3%
Asia Emerging
0.1%
Latin America
0.1%

OVLH asset allocation

U.S. stocks
99.2%
Non-U.S. stocks
0.5%
Other
0.0%

OVLH market-cap breakdown

Mega cap
44.1%
Large cap
34.2%
Mid cap
19.8%
Small cap
1.2%

About Overlay Shares Hedged Large Cap Equity ETF

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of U.S. large-cap equity securities or directly in the securities held by such ETFs (collectively, the "Underlying Investments"), and (ii) purchasing long-term out-of-the-money put options (i.e., put options with a strike price below the current price of the reference asset) to seek to hedge against significant declines in U.S. large-cap equities.

OVLH ETF FAQ

What is the OVLH expense ratio?

Overlay Shares Hedged Large Cap Equity ETF has a net expense ratio of 0.97%, or $97.00 a year for every $10,000 invested.

How much money is in OVLH?

Overlay Shares Hedged Large Cap Equity ETF has about $104.5M in net assets.

What are the top holdings of OVLH?

The largest positions in OVLH are Vanguard S&P 500 ETF (92.92%), First American Funds Inc. - Government Obligations Fund (0.03%). The fund holds 2 securities in total.

How has OVLH performed?

OVLH returned +8.28% over the past year and +8.53% a year over the past five years, including reinvested distributions.

Does OVLH pay dividends?

OVLH has a dividend yield of 0.29%.

When was OVLH launched?

Overlay Shares Hedged Large Cap Equity ETF began trading on January 14, 2021.