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OVL vs CGMM

Overlay Shares Large Cap Equity ETF vs Capital Group U.S. Small and Mid Cap ETF

OVL

Overlay Shares Large Cap Equity ETF

Overlay Shares

Annual cost

0.79%

Fund size

$221M

CGMM

Capital Group U.S. Small and Mid Cap ETF

Capital Group

Annual cost

0.51%

Fund size

$2.5B

Key differences

  • CGMM costs 0.28% less per year.
  • CGMM is significantly larger than OVL — larger funds tend to be more liquid and less likely to close.
  • OVL is classified as alternative, while CGMM is equity — different risk/return profiles.
  • OVL follows a option income strategy; CGMM uses index tracking.
  • OVL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

OVLCGMM
Annual cost (TER)0.79%0.51%
Fund size (AUM)$221M$2.5B
Since20192025
Dividend yield5.55%0.37%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+34.7%+25.1%
CAGR 3Y+25.2%N/A
CAGR 5Y+14.5%N/A
Sharpe 3Y1.12N/A
Volatility 1Y14.12%15.95%
Max drawdown-35.49%-21.04%

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

Similar to OVL and CGMM