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OVS vs FFSM

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

OVS

Overlay Shares Small Cap Equity ETF

Overlay Shares

Annual cost

0.83%

Fund size

$20M

FFSM

Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF

Annual cost

Fund size

Key differences

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

Side-by-side comparison

OVSFFSM
Annual cost (TER)0.83%
Fund size (AUM)$20M
Since2019
Dividend yield5.97%
Asset classalternativeequity
Regionnorth america
Strategyoption incomeactive selection
CAGR 1Y+38.2%+37.7%
CAGR 3Y+17.1%+21.1%
CAGR 5Y+6.3%+9.9%
Sharpe 3Y0.660.91
Volatility 1Y19.45%17.99%
Max drawdown-45.09%-26.65%

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

Similar to OVS and FFSM