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IVV vs OVS

iShares Core S&P 500 ETF vs Overlay Shares Small Cap Equity ETF

IVV

iShares Core S&P 500 ETF

iShares

Annual cost

0.03%

Fund size

$797.5B

OVS

Overlay Shares Small Cap Equity ETF

Overlay Shares

Annual cost

0.83%

Fund size

$20M

Key differences

  • IVV costs 0.80% less per year.
  • IVV is significantly larger than OVS — larger funds tend to be more liquid and less likely to close.
  • IVV is classified as equity, while OVS is alternative — different risk/return profiles.
  • IVV follows a index tracking strategy; OVS uses option income.
  • Over the last 3 years, IVV has delivered higher annualized returns.
  • IVV has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

IVVOVS
Annual cost (TER)0.03%0.83%
Fund size (AUM)$797.5B$20M
Since20002019
Dividend yield1.12%5.97%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+31.2%+41.5%
CAGR 3Y+23.2%+17.7%
CAGR 5Y+14.4%+7.1%
Sharpe 3Y1.240.68
Volatility 1Y11.95%19.45%
Max drawdown-33.90%-45.09%

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

Similar to IVV and OVS