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FFLC vs OVS

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

FFLC

Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF

Annual cost

Fund size

OVS

Overlay Shares Small Cap Equity ETF

Overlay Shares

Annual cost

0.83%

Fund size

$20M

Key differences

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

Side-by-side comparison

FFLCOVS
Annual cost (TER)0.83%
Fund size (AUM)$20M
Since2019
Dividend yield5.97%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+29.8%+38.2%
CAGR 3Y+24.1%+17.1%
CAGR 5Y+16.3%+6.3%
Sharpe 3Y1.230.66
Volatility 1Y12.94%19.45%
Max drawdown-19.72%-45.09%

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

Similar to FFLC and OVS