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IWM vs OVS

iShares Russell 2000 ETF vs Overlay Shares Small Cap Equity ETF

IWM

iShares Russell 2000 ETF

iShares

Annual cost

0.19%

Fund size

$76.9B

OVS

Overlay Shares Small Cap Equity ETF

Overlay Shares

Annual cost

0.83%

Fund size

$20M

Key differences

  • IWM costs 0.64% less per year.
  • IWM is significantly larger than OVS — larger funds tend to be more liquid and less likely to close.
  • IWM is classified as equity, while OVS is alternative — different risk/return profiles.
  • IWM follows a index tracking strategy; OVS uses option income.
  • Over the last 3 years, IWM has delivered higher annualized returns.
  • IWM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

IWMOVS
Annual cost (TER)0.19%0.83%
Fund size (AUM)$76.9B$20M
Since20002019
Dividend yield0.91%5.97%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+44.9%+41.5%
CAGR 3Y+19.6%+17.7%
CAGR 5Y+7.2%+7.1%
Sharpe 3Y0.780.68
Volatility 1Y19.29%19.45%
Max drawdown-41.13%-45.09%

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

Similar to IWM and OVS