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CGMM vs OVL

Capital Group U.S. Small and Mid Cap ETF vs Overlay Shares Large Cap Equity ETF

CGMM

Capital Group U.S. Small and Mid Cap ETF

Capital Group

Annual cost

0.51%

Fund size

$2.5B

OVL

Overlay Shares Large Cap Equity ETF

Overlay Shares

Annual cost

0.79%

Fund size

$221M

Key differences

  • CGMM costs 0.28% less per year.
  • CGMM is significantly larger than OVL — larger funds tend to be more liquid and less likely to close.
  • CGMM is classified as equity, while OVL is alternative — different risk/return profiles.
  • CGMM follows a index tracking strategy; OVL uses option income.
  • OVL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

CGMMOVL
Annual cost (TER)0.51%0.79%
Fund size (AUM)$2.5B$221M
Since20252019
Dividend yield0.37%5.55%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+25.1%+34.7%
CAGR 3YN/A+25.2%
CAGR 5YN/A+14.5%
Sharpe 3YN/A1.12
Volatility 1Y15.95%14.12%
Max drawdown-21.04%-35.49%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to CGMM and OVL