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OVL vs FFLV

Overlay Shares Large Cap Equity ETF vs Fidelity Fundamental Large Cap

OVL

Overlay Shares Large Cap Equity ETF

Overlay Shares

Annual cost

0.79%

Fund size

$221M

FFLV

Fidelity Fundamental Large Cap

Fidelity Investments

Annual cost

0.38%

Fund size

$17M

Key differences

  • FFLV costs 0.41% less per year.
  • OVL is significantly larger than FFLV — larger funds tend to be more liquid and less likely to close.
  • OVL is classified as alternative, while FFLV is equity — different risk/return profiles.
  • OVL covers north america markets; FFLV covers global.
  • OVL follows a option income strategy; FFLV uses active selection.
  • OVL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

OVLFFLV
Annual cost (TER)0.79%0.38%
Fund size (AUM)$221M$17M
Since20192024
Dividend yield5.55%1.48%
Asset classalternativeequity
Regionnorth americaglobal
Strategyoption incomeactive selection
CAGR 1Y+34.7%+28.1%
CAGR 3Y+25.2%N/A
CAGR 5Y+14.5%N/A
Sharpe 3Y1.12N/A
Volatility 1Y14.12%11.50%
Max drawdown-35.49%-16.71%

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

Similar to OVL and FFLV