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OVS vs IVV

Overlay Shares Small Cap Equity ETF vs iShares Core S&P 500 ETF

OVS

Overlay Shares Small Cap Equity ETF

Overlay Shares

Annual cost

0.83%

Fund size

$20M

IVV

iShares Core S&P 500 ETF

iShares

Annual cost

0.03%

Fund size

$797.5B

Key differences

  • IVV costs 0.80% less per year.
  • IVV is significantly larger than OVS — larger funds tend to be more liquid and less likely to close.
  • OVS is classified as alternative, while IVV is equity — different risk/return profiles.
  • OVS follows a option income strategy; IVV uses index tracking.
  • Over the last 3 years, IVV has delivered higher annualized returns.
  • IVV has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

OVSIVV
Annual cost (TER)0.83%0.03%
Fund size (AUM)$20M$797.5B
Since20192000
Dividend yield5.97%1.12%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+38.2%+29.5%
CAGR 3Y+17.1%+23.2%
CAGR 5Y+6.3%+14.0%
Sharpe 3Y0.661.25
Volatility 1Y19.45%11.96%
Max drawdown-45.09%-33.90%

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

Similar to OVS and IVV