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OVL vs FFSM

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

OVL

Overlay Shares Large Cap Equity ETF

Overlay Shares

Annual cost

0.79%

Fund size

$221M

FFSM

Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF

Annual cost

Fund size

Key differences

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

Side-by-side comparison

OVLFFSM
Annual cost (TER)0.79%
Fund size (AUM)$221M
Since2019
Dividend yield5.55%
Asset classalternativeequity
Regionnorth america
Strategyoption incomeactive selection
CAGR 1Y+34.7%+37.7%
CAGR 3Y+25.2%+21.1%
CAGR 5Y+14.5%+9.9%
Sharpe 3Y1.120.91
Volatility 1Y14.12%17.99%
Max drawdown-35.49%-26.65%

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

Similar to OVL and FFSM