OVLH vs HECO

Comparison between OVERLAY SHARES HEDGED LARGE CAP EQUITY ETF (OVLH, ETF) and SPDR GALAXY HEDGED DIGITAL ASSET ECOSYSTEM ETF (HECO, ETF).

OVLH vs HECO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OVLH(ETF)	HECO(ETF)
Net Assets	$116M	$116M
Expense Ratio	0.80%	0.90%
Max Drawdown	21.00%	45.90%
Sharpe Ratio	1.32	2.21
5Y Beta	0.56	1.84
P/E Ratio	N/A	-35.71
Forward P/E	N/A	27.29
PEG Ratio	N/A	-0.10
5Y EPS CAGR	N/A	39.57%
P/S Ratio	N/A	4.67
P/B Ratio	N/A	7.38

Net Assets

Winner

OVLH

$116M

HECO

$116M

Expense Ratio

Winner

OVLH

0.80%

HECO

0.90%

Max Drawdown

Winner

OVLH

21.00%

HECO

45.90%

Sharpe Ratio

OVLH

1.32

Winner

HECO

2.21

5Y Beta

Winner

OVLH

0.56

HECO

1.84

P/E Ratio

OVLH

N/A

HECO

-35.71

Forward P/E

OVLH

N/A

HECO

27.29

PEG Ratio

OVLH

N/A

HECO

-0.10

5Y EPS CAGR

OVLH

N/A

HECO

39.57%

P/S Ratio

OVLH

N/A

HECO

4.67

P/B Ratio

OVLH

N/A

HECO

7.38

OVLH vs HECO - Holdings Comparison

OVLH and HECO have 0 common holdings. Overlap is 0.00%

OVLH's top 25 holdings weight is 98.13%. HECO's top 25 holdings weight is 96.75%.

Rank	OVLH	HECO
#1	VANGUARD S&P 500 ETF (VOO) - 98.02%	RIOT PLATFORMS INC (RIOT) - 14.59%
#2	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.11%	CIPHER DIGITAL INC (CIFR) - 10.14%
#3	N/A	KEEL INFRASTRUCTURE CORP (n/a) - 9.78%
#4	N/A	CLEANSPARK INC (CLSK) - 7.78%
#5	N/A	MICRON TECHNOLOGY INC (MU) - 4.92%
#6	N/A	DATADOG INC CLASS A (DDOG) - 3.75%
#7	N/A	ROBINHOOD MARKETS INC CLASS A (HOOD) - 3.66%
#8	N/A	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 3.64%
#9	N/A	PALO ALTO NETWORKS INC (PANW) - 3.63%
#10	N/A	NVIDIA CORP (NVDA) - 3.59%
#11	N/A	MICROSOFT CORP (MSFT) - 2.89%
#12	N/A	LAM RESEARCH CORP (LRCX) - 2.65%
#13	N/A	n/a (n/a) - 2.58%
#14	N/A	APPLIED MATERIALS INC (AMAT) - 2.55%
#15	N/A	HUT 8 CORP (HUT) - 2.52%
#16	N/A	VISA INC CLASS A (V) - 2.17%
#17	N/A	TERAWULF INC (WULF) - 2.10%
#18	N/A	MASTERCARD INC CLASS A (MA) - 2.05%
#19	N/A	JPMORGAN CHASE & CO (JPM) - 1.98%
#20	N/A	n/a (n/a) - 1.86%
#21	N/A	BLACKROCK INC (BLK) - 1.83%
#22	N/A	n/a (TSM) - 1.78%
#23	N/A	MORGAN STANLEY (MS) - 1.77%
#24	N/A	NVENT ELECTRIC PLC (NVT) - 1.29%
#25	N/A	AMPHENOL CORP CLASS A (APH) - 1.25%
Total Holdings	2	76

OVLH vs HECO - Historical Returns

Returns include dividend reinvestment.

Period	OVLH	HECO
1 month	-0.05%	+16.06%
3 months	+7.79%	+58.15%
6 months	+5.94%	+57.25%
1 year	+15.62%	+123.35%
5 years(CAGR)	+9.36%	N/A
Max(CAGR)	+10.54%	+76.58%

OVLH

-0.05%

Winner

HECO

+16.06%

OVLH

+7.79%

Winner

HECO

+58.15%

OVLH

+5.94%

Winner

HECO

+57.25%

OVLH

+15.62%

Winner

HECO

+123.35%

5Y(CAGR)

OVLH

+9.36%

HECO

N/A

Max(CAGR)

OVLH

+10.54%

Winner

HECO

+76.58%

OVLH vs HECO - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	OVLH	HECO
2026	+5.63%	+57.50%
2025	+15.91%	+23.32%
2024	+19.10%	+27.48%
2023	+17.29%	N/A
2022	-16.38%	N/A
2021	+20.91%	N/A

OVLH vs HECO Drawdown Comparison

The maximum drawdown for OVLH was -20.69%, occurring on Oct 11, 2022. Recovery took 528 trading sessions.

The maximum drawdown for HECO was -44.54%, occurring on Apr 8, 2025. Recovery took 185 trading sessions.

The current OVLH drawdown is -1.98%. The current HECO drawdown is -3.18%.

Rank	OVLH	HECO
#1	-20.69% Dec 27, 2021 - Feb 2, 2024	-44.54% Dec 16, 2024 - Sep 15, 2025
#2	-8.81% Feb 19, 2025 - May 12, 2025	-21.03% Jan 16, 2026 - Apr 15, 2026
#3	-6.36% Jan 27, 2026 - Apr 17, 2026	-19.38% Oct 15, 2025 - Jan 16, 2026
#4	-5.22% Jul 16, 2024 - Sep 13, 2024	-9.16% Nov 11, 2024 - Dec 4, 2024
#5	-5.22% Sep 3, 2021 - Oct 28, 2021	-8.57% Dec 6, 2024 - Dec 16, 2024
#6	-3.89% Feb 16, 2021 - Mar 15, 2021	-8.13% Jun 1, 2026 - Jun 10, 2026
#7	-3.83% May 7, 2021 - Jun 11, 2021	-7.93% Oct 29, 2024 - Nov 6, 2024
#8	-3.83% Mar 27, 2024 - May 15, 2024	-5.53% Apr 24, 2026 - May 4, 2026
#9	-3.53% Jun 2, 2026 - Jun 10, 2026	-5.32% Sep 26, 2024 - Oct 11, 2024
#10	-3.16% Oct 28, 2025 - Jan 12, 2026	-5.27% May 14, 2026 - May 21, 2026
#11	-3.06% Dec 6, 2024 - Feb 19, 2025	-3.38% Sep 22, 2025 - Sep 29, 2025
#12	-2.72% Jul 12, 2021 - Jul 23, 2021	-2.22% Oct 22, 2024 - Oct 28, 2024
#13	-2.64% Nov 24, 2021 - Dec 10, 2021	-2.12% Apr 20, 2026 - Apr 22, 2026
#14	-2.57% Dec 15, 2021 - Dec 27, 2021	-1.98% Oct 9, 2025 - Oct 13, 2025
#15	-2.43% Jan 26, 2021 - Feb 4, 2021	-1.55% Oct 6, 2025 - Oct 8, 2025