(OVL) Overlay Shares Large Cap - Overview

ETF Category: Derivative Income | Exchange: BATS (USA) | Market Cap: 254m USD | Total Return: 34.8% in 12m

Large Cap Stocks, Put Options, Income Generation
Total Rating 66
Safety 55
Buy Signal -0.10
Derivative Income
Category Rotation: +7.1
TER: 0.87%
AUM: 254M
Avg Turnover: 4.81M
Risk 3d forecast
Volatility13.9%
VaR 5th Pctl2.57%
VaR vs Median2.83%
Reward TTM
Sharpe Ratio1.85
Rel. Str. IBD68
Rel. Str. Peer Group77.3
Character TTM
Beta1.154
Beta Downside1.171
Hurst Exponent0.443
Drawdowns 3y
Max DD21.73%
CAGR/Max DD1.16
CAGR/Mean DD9.81

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: OVL Overlay Shares Large Cap

The Overlay Shares Large Cap Equity ETF (OVL) is an actively managed fund that combines a core equity position with an options overlay strategy. The fund primarily invests in U.S. large-cap equity securities, often through other ETFs, to capture broad market performance. This dual approach aims to provide exposure to established, high-capitalization companies while utilizing a derivative component to manage returns.

To enhance total return, the fund executes a buy-write style strategy by selling and purchasing listed short-term put options. This business model is designed to generate premium income, which can potentially offset market volatility or provide incremental yield during flat trading periods. In the ETF industry, income-overlay strategies have gained traction as investors seek alternatives to traditional fixed-income products in varying interest rate environments.

As you evaluate the risk-adjusted returns of this strategy, comparing these metrics on ValueRay can provide deeper clarity. Individual investors often use these active-overlay funds to balance growth objectives with consistent cash flow generation.

Headlines to Watch Out For
  • U.S. large cap equity performance dictates core underlying net asset value
  • S&P 500 volatility levels impact premiums earned from short-term put options
  • Systematic option writing strategy sensitivity to rapid downward market movements
  • Federal Reserve interest rate policy influences equity valuations and option pricing
  • Expense ratios of underlying ETFs affect total net fund performance
What is the price of OVL shares?

As of May 24, 2026, the stock is trading at USD 57.25 with a total of 76,005 shares traded.
Over the past week, the price has changed by +1.00%, over one month by +5.22%, over three months by +11.22% and over the past year by +34.80%.

Is OVL a buy, sell or hold?

Overlay Shares Large Cap has no consensus analysts rating.