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ETFs

Overlay Shares Hedged Large Cap Equity ETF

OVLH
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jan 14, 2021
Expense Ratio
0.88%
Type
US Equities
Fund Owner
Liquid Strategies
Volume (1m avg. daily)
$409,277
AUM
$90,389,030
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
97.58%
—
CBOE S&P PUT OPT 06/24 4300
0.87%
—
CBOE S&P PUT OPT 03/24 4300
0.69%
—
CBOE S&P PUT OPT 01/24 4300
0.56%
—
CBOE S&P PUT OPT 12/23 4300
0.48%
—
CBOE S&P PUT OPT 11/23 4300
0.39%
—
CBOE S&P PUT OPT 09/23 4390
0.31%
—
CBOE S&P PUT OPT 12/23 4100
0.25%
—
S&P 500 PUT OPT 10/23 4320
0.22%
—
CBOE S&P PUT OPT 09/23 4350
0.22%
Invest with OVLH
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What is OVLH?

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 ), (ii) selling and purchasing listed short-term put options ( put spreads ) to generate income to the Fund (the Overlay Strategy ), and (iii) 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. Under normal circumstances, at least 80% of the Fund s net assets, plus borrowings for investment purposes, will be invested, directly or indirectly through ETFs, in equity securities of large-cap companies.

1M
3M
6M
YTD
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3Y
Max
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OVLH
Performance Measures**

for the time period Jan 15, 2021 to Dec 15, 2025

Returns

1M Trailing Return: 0.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 2.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -20.7%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 12.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.88

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.50

The annualized return divided by the max drawdown for the selected time period.

ETFs related toOVLH

ETFs correlated to OVLH include GAUG, XAUG, LGRO

OVLH
Listed Funds Trust - Overlay Shares Hedged Large Cap Equity ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
SSUS
Strategy Shares - Day Hagan/Ned Davis Research Smart Sector ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
BJUL
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - July
FJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - July

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

OVLH is a US Equities 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 ), (ii) selling and purchasing listed short-term put options ( put spreads ) to generate income to the Fund (the Overlay Strategy ), and (iii) 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. Under normal circumstances, at least 80% of the Fund s net assets, plus borrowings for investment purposes, will be invested, directly or indirectly through ETFs, in equity securities of large-cap companies.

Yes, OVLH is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, OVLH is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OVLH is -0.0159%. This is the percent change in the value of OVLH over the most recent 1-month period. The 3-month return on OVLH is 0.001%. This is the percent change in the value of OVLH over the most recent 3-month period.

The standard deviation of OVLH for the past year is 0.1275%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OVLH include PKW, VIXY, and XYLD.

ETFs correlated to OVLH include GAUG, XAUG, and LGRO.

ETFs that are inversely correlated to OVLH include SPDN, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.