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FFLC vs OVL

Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF vs Overlay Shares Large Cap Equity ETF

FFLC

Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF

Annual cost

Fund size

OVL

Overlay Shares Large Cap Equity ETF

Overlay Shares

Annual cost

0.79%

Fund size

$221M

Key differences

  • FFLC is classified as equity, while OVL is alternative — different risk/return profiles.
  • FFLC follows a index tracking strategy; OVL uses option income.
  • Over the last 3 years, OVL has delivered higher annualized returns.

Side-by-side comparison

FFLCOVL
Annual cost (TER)0.79%
Fund size (AUM)$221M
Since2019
Dividend yield5.55%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+29.8%+34.7%
CAGR 3Y+24.1%+25.2%
CAGR 5Y+16.3%+14.5%
Sharpe 3Y1.231.12
Volatility 1Y12.94%14.12%
Max drawdown-19.72%-35.49%

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

Similar to FFLC and OVL