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FFSM vs OVL
Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF vs Overlay Shares Large Cap Equity ETF
Key differences
- FFSM is classified as equity, while OVL is alternative — different risk/return profiles.
- FFSM follows a active selection strategy; OVL uses option income.
- Over the last 3 years, OVL has delivered higher annualized returns.
Side-by-side comparison
| FFSM | OVL | |
|---|---|---|
| Annual cost (TER) | — | 0.79% |
| Fund size (AUM) | — | $221M |
| Since | — | 2019 |
| Dividend yield | — | 5.55% |
| Asset class | equity | alternative |
| Region | — | north america |
| Strategy | active selection | option income |
| CAGR 1Y | +37.7% | +34.7% |
| CAGR 3Y | +21.1% | +25.2% |
| CAGR 5Y | +9.9% | +14.5% |
| Sharpe 3Y | 0.91 | 1.12 |
| Volatility 1Y | 17.99% | 14.12% |
| Max drawdown | -26.65% | -35.49% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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