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OVS vs IWL

Overlay Shares Small Cap Equity ETF vs iShares Russell Top 200 ETF

OVS

Overlay Shares Small Cap Equity ETF

Overlay Shares

Annual cost

0.83%

Fund size

$20M

IWL

iShares Russell Top 200 ETF

iShares

Annual cost

0.15%

Fund size

$2.1B

Key differences

  • IWL costs 0.68% less per year.
  • IWL is significantly larger than OVS — larger funds tend to be more liquid and less likely to close.
  • OVS is classified as alternative, while IWL is equity — different risk/return profiles.
  • OVS follows a option income strategy; IWL uses index tracking.
  • Over the last 3 years, IWL has delivered higher annualized returns.
  • IWL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

OVSIWL
Annual cost (TER)0.83%0.15%
Fund size (AUM)$20M$2.1B
Since20192009
Dividend yield5.97%0.86%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+41.5%+31.7%
CAGR 3Y+17.7%+24.3%
CAGR 5Y+7.1%+15.1%
Sharpe 3Y0.681.28
Volatility 1Y19.45%12.32%
Max drawdown-45.09%-32.71%

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

Similar to OVS and IWL