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OVS vs IWR

Overlay Shares Small Cap Equity ETF vs iShares Russell Mid-Cap ETF

OVS

Overlay Shares Small Cap Equity ETF

Overlay Shares

Annual cost

0.83%

Fund size

$20M

IWR

iShares Russell Mid-Cap ETF

iShares

Annual cost

0.18%

Fund size

$52.6B

Key differences

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

Side-by-side comparison

OVSIWR
Annual cost (TER)0.83%0.18%
Fund size (AUM)$20M$52.6B
Since20192001
Dividend yield5.97%1.19%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+41.5%+23.2%
CAGR 3Y+17.7%+17.3%
CAGR 5Y+7.1%+8.5%
Sharpe 3Y0.680.86
Volatility 1Y19.45%13.52%
Max drawdown-45.09%-40.59%

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

Similar to OVS and IWR