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OVS vs FESM

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

OVS

Overlay Shares Small Cap Equity ETF

Overlay Shares

Annual cost

0.83%

Fund size

$20M

FESM

Fidelity Enhanced Small Cap Core ETF

Fidelity Investments

Annual cost

0.28%

Fund size

$5.0B

Key differences

  • FESM costs 0.55% less per year.
  • FESM is significantly larger than OVS — larger funds tend to be more liquid and less likely to close.
  • OVS is classified as alternative, while FESM is equity — different risk/return profiles.
  • OVS follows a option income strategy; FESM uses index enhanced.
  • FESM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

OVSFESM
Annual cost (TER)0.83%0.28%
Fund size (AUM)$20M$5.0B
Since20192007
Dividend yield5.97%0.55%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex enhanced
CAGR 1Y+38.2%+52.9%
CAGR 3Y+17.1%N/A
CAGR 5Y+6.3%N/A
Sharpe 3Y0.66N/A
Volatility 1Y19.45%19.05%
Max drawdown-45.09%-26.93%

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

Similar to OVS and FESM