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 62 ETFs in the Small Cap Blend Equities category with lower expense ratios, going as low as 0.04%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Morningstar Small-Cap ETF | 0.04% | 275.08M | Jun 2004 | OVS vs ISCB | |
| SPDR Portfolio S&P 600 Small Cap ETF | 0.05% | 15.79B | Jul 2013 | OVS vs SPSM | |
| Vanguard Small-Cap ETF | 0.05% | 177.40B | Jan 2004 | OVS vs VB | |
| iShares Core S&P Small-Cap ETF | 0.06% | 103.49B | May 2000 | OVS vs IJR | |
| JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 0.09% | 732.58M | Nov 2020 | OVS vs BBSC |
Best Risk-Adjusted Alternatives to OVS
OVS has a PortfoliosLab risk / return rank of 64. There are 12 ETFs in the Small Cap Blend Equities category with higher risk-adjusted ranks, going as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco NASDAQ Future Gen 200 ETF | 85 | 18.47M | Oct 2022 | OVS vs QQQS | |
| First Trust Small Cap Core AlphaDEX Fund | 79 | 1.27B | May 2007 | OVS vs FYX | |
| JPMorgan Fundamental Data Science Small Core ETF | 77 | 8.82M | Aug 2024 | OVS vs SCDS | |
| Fidelity Enhanced Small Cap ETF | 76 | 5.00B | Dec 2007 | OVS vs FESM | |
| iShares Micro-Cap ETF | 71 | 1.44B | Aug 2005 | OVS vs IWC |
Top Performing OVS Alternatives (YTD)
OVS is at 17.65% YTD. There are 9 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 27.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco NASDAQ Future Gen 200 ETF | 27.27% | 18.47M | Oct 2022 | OVS vs QQQS | |
| JPMorgan Fundamental Data Science Small Core ETF | 22.66% | 8.82M | Aug 2024 | OVS vs SCDS | |
| Allspring SMID Core ETF | 22.25% | 33.92M | Jul 2025 | OVS vs ASCE | |
| Inspire Small/Mid Cap Impact ETF | 21.54% | 318.37M | Feb 2017 | OVS vs ISMD | |
| Fidelity Enhanced Small Cap ETF | 19.64% | 5.00B | Dec 2007 | OVS vs FESM |
Lowest Volatility Alternatives to OVS
OVS has 19.27% 1-year volatility. There are 60 ETFs in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.21%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.21% | — | Jun 2025 | OVS vs RB | |
| First Trust Horizon Managed Volatility Small/Mid E... | 10.37% | 31.42M | Apr 2020 | OVS vs HSMV | |
| OShares U.S. Small-Cap Quality Dividend ETF | 13.15% | 876.85M | Dec 2016 | OVS vs OUSM | |
| 6 Meridian Small Cap Equity ETF | 13.30% | 106.31M | May 2020 | OVS vs SIXS | |
| Opus Small Cap Value Plus ETF | 13.37% | 685.56M | Jul 2018 | OVS vs OSCV |
Lowest Drawdown Alternatives to OVS
OVS has a 1-year max drawdown of -8.51%. There are 14 ETFs in the Small Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.15%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pacer US Small Cap Cash Cows 100 ETF | -6.15% | 3.51B | Jun 2017 | OVS vs CALF | |
| 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% | 260.47M | Jul 2015 | OVS vs CSB | |
| Opus Small Cap Value Plus ETF | -7.55% | 685.56M | Jul 2018 | OVS vs OSCV |
Other ETFs from Liquid Strategies
The 6 most viewed Liquid Strategies ETFs shown here include OVL, OVLH, OVF 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 | Large Cap Growth Equities | 74 | 13.20% | 182.90M | Sep 2019 | OVS vs OVL | |
| Overlay Shares Hedged Large Cap Equity ETF | Equity Hedged | 65 | 7.26% | 94.33M | Jan 2021 | OVS vs OVLH | |
| Overlay Shares Foreign Equity ETF | Foreign Large Cap Equities | 58 | 14.61% | 29.60M | Sep 2019 | OVS vs OVF | |
| Overlay Shares Municipal Bond ETF | Municipal Bonds | 88 | 3.96% | 30.60M | Sep 2019 | OVS vs OVM | |
| Overlay Shares Short Term Bond ETF | Corporate Bonds | 85 | 2.61% | 49.77M | Jan 2021 | OVS vs OVT | |
| Overlay Shares Core Bond ETF | Intermediate Core Bond | 59 | 2.58% | 33.20M | Sep 2019 | OVS vs OVB |
Often Compared With OVS
Investors most often compare OVS with FDG, MSSM, ABLS. These 20 comparison targets span 7 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