Overlay Shares Small Cap Equity ETF (OVS) belongs to the Small Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with OVS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OVS
OVS charges 0.83% annually. There are 66 ETFs in the Small Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 600 Small Cap ETF | 0.03% | 16.85B | Jul 2013 | OVS vs SPSM | |
| Schwab U.S. Small-Cap ETF | 0.04% | 23.26B | Nov 2009 | OVS vs SCHA | |
| iShares Morningstar Small-Cap ETF | 0.04% | 282.90M | Jun 2004 | OVS vs ISCB | |
| Vanguard Small-Cap ETF | 0.05% | 182.70B | Jan 2004 | OVS vs VB | |
| iShares Core S&P Small-Cap ETF | 0.06% | 109.39B | May 2000 | OVS vs IJR |
Best Risk-Adjusted Alternatives to OVS
OVS has a PortfoliosLab risk / return rank of 74. There are 15 ETFs in the Small Cap Blend Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 96 | — | Jun 2025 | OVS vs RB | |
| First Trust Small Cap Core AlphaDEX Fund | 90 | 1.36B | May 2007 | OVS vs FYX | |
| Fidelity Enhanced Small Cap Core ETF | 88 | 5.78B | Dec 2007 | OVS vs FESM | |
| Hartford Multifactor Small Cap ETF | 87 | 61.26M | Mar 2015 | OVS vs ROSC | |
| Invesco NASDAQ Future Gen 200 ETF | 85 | 21.99M | Oct 2022 | OVS vs QQQS |
Top Performing OVS Alternatives (YTD)
OVS is at 23.01% YTD. There are 11 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 53.33%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | 53.33% | 1.43B | Nov 2008 | OVS vs TNA | |
| Invesco NASDAQ Future Gen 200 ETF | 28.18% | 21.99M | Oct 2022 | OVS vs QQQS | |
| Inspire Small/Mid Cap Impact ETF | 27.99% | 329.18M | Feb 2017 | OVS vs ISMD | |
| Allspring SMID Core ETF | 25.79% | 78.82M | Jul 2025 | OVS vs ASCE | |
| JPMorgan Fundamental Data Science Small Core ETF | 25.57% | 9.08M | Aug 2024 | OVS vs SCDS |
Lowest Volatility Alternatives to OVS
OVS has 19.33% 1-year volatility. There are 57 ETFs in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.58% | — | Jun 2025 | OVS vs RB | |
| First Trust Horizon Managed Volatility Small/Mid E... | 10.56% | 34.63M | Apr 2020 | OVS vs HSMV | |
| Global X Russell 2000 Covered Call ETF | 10.68% | 1.36B | Apr 2019 | OVS vs RYLD | |
| CresAlta Small & Mid-Cap ETF | 11.19% | 88.99M | May 2026 | OVS vs CVSM | |
| OShares U.S. Small-Cap Quality Dividend ETF | 13.08% | 873.92M | Dec 2016 | OVS vs OUSM |
Lowest Drawdown Alternatives to OVS
OVS has a 1-year max drawdown of -8.51%. There are 17 ETFs in the Small Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -2.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | -2.09% | — | Jun 2025 | OVS vs RB | |
| Global X Russell 2000 Covered Call ETF | -6.29% | 1.36B | Apr 2019 | OVS vs RYLD | |
| Hypatia Women CEO ETF | -6.96% | 5.55M | Jan 2023 | OVS vs WCEO | |
| 6 Meridian Small Cap Equity ETF | -7.16% | 106.31M | May 2020 | OVS vs SIXS | |
| VictoryShares US Small Cap High Dividend Volatilit... | -7.18% | 264.62M | Jul 2015 | OVS vs CSB |
Other ETFs from Liquid Strategies
The 6 most viewed Liquid Strategies ETFs shown here include OVL, OVF, OVLH and span 6 categories. AUM among these funds goes as high as $183M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Overlay Shares Large Cap Equity ETF | Derivative Income | 69 | 12.45% | 182.90M | Sep 2019 | OVS vs OVL | |
| Overlay Shares Foreign Equity ETF | Foreign Large Cap Equities | 55 | 12.46% | 29.60M | Sep 2019 | OVS vs OVF | |
| Overlay Shares Hedged Large Cap Equity ETF | Equity Hedged | 55 | 6.20% | 94.33M | Jan 2021 | OVS vs OVLH | |
| Overlay Shares Municipal Bond ETF | Municipal Bonds | 87 | 3.73% | 30.60M | Sep 2019 | OVS vs OVM | |
| Overlay Shares Short Term Bond ETF | Corporate Bonds | 83 | 2.30% | 49.77M | Jan 2021 | OVS vs OVT | |
| Overlay Shares Core Bond ETF | Intermediate Core Bond | 52 | 1.68% | 33.20M | Sep 2019 | OVS vs OVB |
Often Compared With OVS
Investors most often compare OVS with FDG, MSSM, OSCV. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare OVS with Any Fund or Stock
Compare OVS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OVS with funds that move differently
Overlay Shares Small Cap Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OVS.
Explore OVS Diversifiers