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OVS vs FELC

Overlay Shares Small Cap Equity ETF vs Fidelity Enhanced Large Cap Core ETF

OVS

Overlay Shares Small Cap Equity ETF

Overlay Shares

Annual cost

0.83%

Fund size

$20M

FELC

Fidelity Enhanced Large Cap Core ETF

Fidelity Investments

Annual cost

0.18%

Fund size

$7.0B

Key differences

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

Side-by-side comparison

OVSFELC
Annual cost (TER)0.83%0.18%
Fund size (AUM)$20M$7.0B
Since20192007
Dividend yield5.97%0.90%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeactive selection
CAGR 1Y+38.2%+29.4%
CAGR 3Y+17.1%N/A
CAGR 5Y+6.3%N/A
Sharpe 3Y0.66N/A
Volatility 1Y19.45%12.06%
Max drawdown-45.09%-18.59%

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

Similar to OVS and FELC