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IWR vs OVS

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

IWR

iShares Russell Mid-Cap ETF

iShares

Annual cost

0.18%

Fund size

$52.6B

OVS

Overlay Shares Small Cap Equity ETF

Overlay Shares

Annual cost

0.83%

Fund size

$20M

Key differences

  • IWR costs 0.65% less per year.
  • IWR is significantly larger than OVS — larger funds tend to be more liquid and less likely to close.
  • IWR is classified as equity, while OVS is alternative — different risk/return profiles.
  • IWR follows a index tracking strategy; OVS uses option income.
  • IWR has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

IWROVS
Annual cost (TER)0.18%0.83%
Fund size (AUM)$52.6B$20M
Since20012019
Dividend yield1.19%5.97%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+23.2%+41.5%
CAGR 3Y+17.3%+17.7%
CAGR 5Y+8.5%+7.1%
Sharpe 3Y0.860.68
Volatility 1Y13.52%19.45%
Max drawdown-40.59%-45.09%

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

Similar to IWR and OVS