Overlay Shares Large Cap Equity ETF (OVL)
OVL is an actively managed ETF by Liquid Strategies. OVL launched on Sep 30, 2019 and has a 0.79% expense ratio.
ETF Info
Sep 30, 2019
North America (U.S.)
1x
No Index (Active)
Large-Cap
Blend
Expense Ratio
OVL has an expense ratio of 0.79%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Overlay Shares Large Cap Equity ETF (OVL) returned -0.91% year-to-date (YTD) and 13.03% over the past 12 months.
OVL
-0.91%
6.64%
-4.01%
13.03%
14.17%
16.13%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of OVL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.75% | -1.27% | -7.44% | -1.04% | 6.64% | -0.91% | |||||||
| 2024 | 2.40% | 6.34% | 3.93% | -5.43% | 5.66% | 4.28% | 1.24% | 2.77% | 2.21% | -1.33% | 6.71% | -3.12% | 27.91% |
| 2023 | 7.06% | -2.64% | 3.69% | 2.04% | 0.50% | 7.19% | 3.11% | -1.56% | -5.96% | -3.40% | 11.25% | 5.04% | 28.01% |
| 2022 | -6.60% | -3.19% | 4.41% | -10.51% | 0.43% | -9.15% | 10.13% | -4.73% | -11.15% | 9.06% | 5.80% | -6.13% | -22.18% |
| 2021 | -0.76% | 3.17% | 4.87% | 5.66% | 0.98% | 2.97% | 2.62% | 3.32% | -5.28% | 7.45% | -0.46% | 4.48% | 32.39% |
| 2020 | -0.28% | -8.90% | -13.06% | 13.81% | 5.81% | 2.12% | 5.61% | 8.69% | -4.30% | -4.13% | 12.74% | 4.19% | 20.17% |
| 2019 | 3.75% | 4.00% | 2.73% | 10.84% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of OVL is 49, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Overlay Shares Large Cap Equity ETF (OVL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Overlay Shares Large Cap Equity ETF provided a 3.31% dividend yield over the last twelve months, with an annual payout of $1.52 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.52 | $1.45 | $1.26 | $1.17 | $1.47 | $0.78 | $0.14 |
Dividend yield | 3.31% | 3.10% | 3.33% | 3.85% | 3.63% | 2.43% | 0.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Overlay Shares Large Cap 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.37 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.38 | $0.00 | $0.39 | $1.45 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.30 | $0.00 | $0.34 | $1.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.27 | $0.00 | $0.30 | $1.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.31 | $0.00 | $0.57 | $1.47 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.38 | $0.78 |
| 2019 | $0.14 | $0.14 |
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 Large Cap 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 Large Cap Equity ETF was 35.49%, occurring on Mar 20, 2020. Recovery took 96 trading sessions.
The current Overlay Shares Large Cap Equity ETF drawdown is 6.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.49% | Feb 20, 2020 | 22 | Mar 20, 2020 | 96 | Aug 6, 2020 | 118 |
| -29.23% | Jan 4, 2022 | 187 | Sep 30, 2022 | 326 | Jan 19, 2024 | 513 |
| -21.73% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -10.29% | Sep 3, 2020 | 14 | Sep 23, 2020 | 37 | Nov 13, 2020 | 51 |
| -10.1% | Jul 17, 2024 | 34 | Sep 3, 2024 | 12 | Sep 19, 2024 | 46 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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