Skip to content
Beacon
Screener

IWR vs OVL

iShares Russell Mid-Cap ETF vs Overlay Shares Large Cap Equity ETF

IWR

iShares Russell Mid-Cap ETF

iShares

Annual cost

0.18%

Fund size

$52.6B

OVL

Overlay Shares Large Cap Equity ETF

Overlay Shares

Annual cost

0.79%

Fund size

$221M

Key differences

  • IWR costs 0.61% less per year.
  • IWR is significantly larger than OVL — larger funds tend to be more liquid and less likely to close.
  • IWR is classified as equity, while OVL is alternative — different risk/return profiles.
  • IWR follows a index tracking strategy; OVL uses option income.
  • Over the last 3 years, OVL has delivered higher annualized returns.
  • IWR has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

IWROVL
Annual cost (TER)0.18%0.79%
Fund size (AUM)$52.6B$221M
Since20012019
Dividend yield1.19%5.55%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+23.2%+36.9%
CAGR 3Y+17.3%+25.1%
CAGR 5Y+8.5%+15.0%
Sharpe 3Y0.861.11
Volatility 1Y13.52%14.10%
Max drawdown-40.59%-35.49%

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

Similar to IWR and OVL