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OVL vs FFLC

Overlay Shares Large Cap Equity ETF vs Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF

OVL

Overlay Shares Large Cap Equity ETF

Overlay Shares

Annual cost

0.79%

Fund size

$221M

FFLC

Fidelity Covington Trust - Fidelity Fundamental Large Cap Core ETF

Annual cost

Fund size

Key differences

  • OVL is classified as alternative, while FFLC is equity — different risk/return profiles.
  • OVL follows a option income strategy; FFLC uses index tracking.
  • Over the last 3 years, OVL has delivered higher annualized returns.

Side-by-side comparison

OVLFFLC
Annual cost (TER)0.79%
Fund size (AUM)$221M
Since2019
Dividend yield5.55%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+34.7%+29.8%
CAGR 3Y+25.2%+24.1%
CAGR 5Y+14.5%+16.3%
Sharpe 3Y1.121.23
Volatility 1Y14.12%12.94%
Max drawdown-35.49%-19.72%

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

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