HYGW vs OVLH
Comparison between ISHARES HIGH YIELD CORPORATE BOND BUYWRITE STRATEGY ETF (HYGW, ETF) and OVERLAY SHARES HEDGED LARGE CAP EQUITY ETF (OVLH, ETF).
HYGW vs OVLH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HYGW vs OVLH - Holdings Comparison
HYGW and OVLH have 0 common holdings. Overlap is 0.00%
HYGW's top 25 holdings weight is 99.86%. OVLH's top 25 holdings weight is 97.64%.
| Rank | HYGW | OVLH |
|---|---|---|
| #1 | ISHARES IBOXX $ HIGH YIELD CORP BD ETF (HYG) - 99.86% | VANGUARD S&P 500 ETF (VOO) - 97.60% |
| #2 | N/A | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.04% |
| #3 | N/A | N/A |
| #4 | N/A | N/A |
| #5 | N/A | N/A |
| #6 | N/A | N/A |
| #7 | N/A | N/A |
| #8 | N/A | N/A |
| #9 | N/A | N/A |
| #10 | N/A | N/A |
| #11 | N/A | N/A |
| #12 | N/A | N/A |
| #13 | N/A | N/A |
| #14 | N/A | N/A |
| #15 | N/A | N/A |
| #16 | N/A | N/A |
| #17 | N/A | N/A |
| #18 | N/A | N/A |
| #19 | N/A | N/A |
| #20 | N/A | N/A |
| #21 | N/A | N/A |
| #22 | N/A | N/A |
| #23 | N/A | N/A |
| #24 | N/A | N/A |
| #25 | N/A | N/A |
| Total Holdings | 1 | 2 |
HYGW vs OVLH - Historical Returns
Returns include dividend reinvestment.
HYGW vs OVLH - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | HYGW | OVLH |
|---|---|---|
| 2026 | +3.26% | +7.52% |
| 2025 | +6.12% | +15.91% |
| 2024 | +7.01% | +19.10% |
| 2023 | +7.10% | +17.29% |
| 2022 | -0.15% | -16.38% |
| 2021 | N/A | +20.91% |
HYGW vs OVLH Drawdown Comparison
The maximum drawdown for HYGW was -5.49%, occurring on Sep 27, 2022. Recovery took 92 trading sessions.
The maximum drawdown for OVLH was -20.69%, occurring on Oct 11, 2022. Recovery took 528 trading sessions.
The current OVLH drawdown is -1.54%.
| Rank | HYGW | OVLH |
|---|---|---|
| #1 | -5.49% Aug 25, 2022 - Jan 6, 2023 | -20.69% Dec 27, 2021 - Feb 2, 2024 |
| #2 | -3.65% Jul 31, 2023 - Jan 8, 2024 | -8.81% Feb 19, 2025 - May 12, 2025 |
| #3 | -3.41% Feb 28, 2025 - Jun 2, 2025 | -6.36% Jan 27, 2026 - Apr 17, 2026 |
| #4 | -2.90% Feb 2, 2023 - Apr 21, 2023 | -5.22% Jul 16, 2024 - Sep 13, 2024 |
| #5 | -1.82% Feb 19, 2026 - May 1, 2026 | -5.22% Sep 3, 2021 - Oct 28, 2021 |
| #6 | -1.33% Apr 8, 2024 - May 21, 2024 | -3.89% Feb 16, 2021 - Mar 15, 2021 |
| #7 | -0.93% Dec 17, 2024 - Jan 30, 2025 | -3.83% May 7, 2021 - Jun 11, 2021 |
| #8 | -0.92% Aug 1, 2024 - Aug 9, 2024 | -3.83% Mar 27, 2024 - May 15, 2024 |
| #9 | -0.92% Jun 30, 2023 - Jul 12, 2023 | -3.82% Jun 2, 2026 - Aug 4, 2026 |
| #10 | -0.90% Oct 1, 2025 - Oct 15, 2025 | -3.16% Oct 28, 2025 - Jan 12, 2026 |
| #11 | -0.90% May 10, 2023 - Jun 2, 2023 | -3.06% Dec 6, 2024 - Feb 19, 2025 |
| #12 | -0.86% Nov 8, 2024 - Dec 5, 2024 | -2.72% Jul 12, 2021 - Jul 23, 2021 |
| #13 | -0.68% Nov 11, 2025 - Nov 28, 2025 | -2.64% Nov 24, 2021 - Dec 10, 2021 |
| #14 | -0.68% Jul 26, 2023 - Jul 31, 2023 | -2.57% Dec 15, 2021 - Dec 27, 2021 |
| #15 | -0.66% Jun 15, 2023 - Jun 28, 2023 | -2.43% Jan 26, 2021 - Feb 4, 2021 |
Correlation
Correlation between HYGW and OVLH is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2021 - 2026)
HYGW vs OVLH dividend yield comparison.
| Year | HYGW | OVLH |
|---|---|---|
| 2026 | 6.23% | 0.00% |
| 2025 | 12.53% | 0.30% |
| 2024 | 12.30% | 0.32% |
| 2023 | 15.98% | 0.83% |
| 2022 | 8.71% | 0.79% |
| 2021 | 0.00% | 0.40% |
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