- Issuer
- Liquid Strategies
- Inception Date
- Sep 30, 2019
- Region
- Developed Markets (Broad)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $30M
Share Price Chart
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Performance
OVF Performance Chart
Overlay Shares Foreign Equity ETF (OVF) is up 15.8% since the beginning of the year. OVF is currently trading at $32 per share. Investors who bought $1,000 worth of OVF shares 5 years ago would now be looking at an investment worth $1,608.
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Returns By Period
Overlay Shares Foreign Equity ETF (OVF) has returned 15.76% so far this year and 33.52% over the past 12 months.
Overlay Shares Foreign Equity ETF
- 1D
- 0.61%
- 1M
- 4.75%
- YTD
- 15.76%
- 6M
- 19.27%
- 1Y
- 33.52%
- 3Y*
- 20.38%
- 5Y*
- 9.97%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
OVF Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2019, OVF's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2022 with a return of +11.6%, while the worst month was Sep 2022 at -10.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, OVF closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +8.2%, while the worst single day was Mar 12, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.14% | 5.40% | -7.90% | 7.37% | 3.82% | 0.79% | 15.76% | ||||||
| 2025 | 4.30% | 2.36% | -1.34% | 3.01% | 5.28% | 4.19% | -1.00% | 4.23% | 3.17% | 1.69% | 0.37% | 2.87% | 33.03% |
| 2024 | -0.79% | 4.20% | 3.78% | -3.88% | 5.26% | -0.44% | 2.49% | 3.07% | 2.04% | -5.38% | 0.13% | -3.60% | 6.40% |
| 2023 | 6.06% | -4.05% | 4.39% | 3.85% | -4.06% | 3.18% | 3.08% | -3.37% | -5.06% | -4.54% | 10.59% | 5.71% | 15.25% |
| 2022 | -5.47% | -1.18% | 0.29% | -6.33% | -0.97% | -5.77% | 4.17% | -5.70% | -10.37% | 3.58% | 11.57% | -1.16% | -17.64% |
| 2021 | -0.82% | -0.59% | 2.11% | 2.14% | 3.28% | 0.70% | 1.27% | 2.40% | -4.45% | 2.24% | -2.11% | 3.30% | 9.56% |
Benchmark Metrics
Overlay Shares Foreign Equity ETF has an annualized alpha of -0.76%, beta of 0.70, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since October 02, 2019.
- This ETF participated in 87.78% of S&P 500 Index downside but only 71.18% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.76%
- Beta
- 0.70
- R²
- 0.69
- Upside Capture
- 71.18%
- Downside Capture
- 87.78%
Expense Ratio
OVF has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
OVF ranks 58 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Overlay Shares Foreign Equity ETF (OVF) and compare them to S&P 500 Index.
| OVF | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 2.39 | -0.37 |
Sortino ratioReturn per unit of downside risk | 2.75 | 3.25 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.43 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.11 | -0.22 |
Martin ratioReturn relative to average drawdown | 11.16 | 14.38 | -3.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Overlay Shares Foreign Equity ETF provided a 9.47% dividend yield over the last twelve months, with an annual payout of $3.07 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $3.07 | $1.85 | $1.20 | $1.20 | $0.95 | $1.31 | $0.66 | $0.55 |
Dividend yield | 9.47% | 6.32% | 5.13% | 5.17% | 4.50% | 4.88% | 2.55% | 2.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Overlay Shares Foreign Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.27 | $0.28 | $0.25 | $0.27 | $0.27 | $0.00 | $1.35 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.14 | $0.00 | $1.03 | $1.85 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.13 | $0.00 | $0.53 | $1.20 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.11 | $0.00 | $0.46 | $1.20 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.09 | $0.00 | $0.30 | $0.95 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.13 | $0.00 | $0.51 | $1.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Overlay Shares Foreign Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Overlay Shares Foreign Equity ETF was 30.07%, occurring on Oct 14, 2022. Recovery took 396 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -30.07%Oct 2022 | 1y 1mo | 1y 7mo | 2y 8moSep 2021 - May 2024 |
COVID crash2020 | -29.60%Mar 2020 | 2mo 2d | 9mo 11d | 11mo 13dJan 2020 - Dec 2020 |
2025 selloff2025 | -15.89%Apr 2025 | 6mo 13d | 27d | 7mo 10dSep 2024 - May 2025 |
2026 correction2026 | -11.64%Mar 2026 | 1mo 2d | 1mo 7d | 2mo 9dFeb 2026 - May 2026 |
2024 pullback2024 | -8.91%Aug 2024 | 21d | 18d | 1mo 9dJul 2024 - Aug 2024 |
Drawdown Indicators
| OVF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -56.78% | +26.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -9.10% | -2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -15.89% | -18.90% | +3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -30.07% | -25.43% | -4.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -10.72% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 1.97% | +1.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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