OVLH
Overlay Shares Hedged Large Cap Equity ETF
OVLH is actively managed to provide exposure to the US large-cap space combined with an option overlay strategy, utilizing a put spread and long-term OTM put options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 113.4 M
ASSETS UNDER MGMT
93 bp
EXPENSES
Fund Basics
| Inception date | Jan 14, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| VANGUARD S&P 500 ETF | 98.0 % |
| SPX US 06/17/27 P6800 | 0.5 % |
| SPX US 03/19/27 P6800 | 0.4 % |
| SPX US 01/15/27 P6800 | 0.3 % |
| SPX US 10/16/26 P6800 | 0.2 % |
| SPX US 09/18/26 P6800 | 0.2 % |
| CASH & OTHER | 0.1 % |
| SPXW US 07/17/26 P7200 | 0.1 % |
| SPX US 08/21/26 P6800 | 0.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.4% | 19.1% | 16.5% | 17.1% | 9.3% | -- | -- | 10.4% |
| Dividend Yield | 0.0% | 0.4% | 0.4% | 0.6% | 0.6% | -- | -- | 0.5% |
| Total Returns | 7.4% | 19.5% | 16.9% | 17.7% | 9.9% | -- | -- | 10.9% | Ann. Volatility | 9.2% | 8.5% | 9.8% | 9.6% | 11.7% | -- | -- | 11.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 92% |
| MSCI EAFE | 0.41 | 53% |
| MSCI Emg Mkts | 0.31 | 53% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| 30d moving avg. (EMA) | $41.48 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.42/0.51 |
| Bollinger Bands (Upper/Lower) | $42.57/$41.31 |
| Short interest (% of AUM) | 0.4% |
Distributions