ALTY vs. OVS
Compare and contrast key facts about Global X Alternative Income ETF (ALTY) and Overlay Shares Small Cap Equity ETF (OVS).
ALTY and OVS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALTY is a passively managed fund by Global X that tracks the performance of the Indxx SuperDividend Alternatives Index. It was launched on Jul 14, 2015. OVS is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019.
Performance
ALTY vs. OVS - Performance Comparison
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ALTY vs. OVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 2.00% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 3.30% |
OVS Overlay Shares Small Cap Equity ETF | 4.70% | 6.15% | 11.07% | 17.20% | -19.99% | 30.15% | 12.16% | 11.51% |
Returns By Period
In the year-to-date period, ALTY achieves a 2.00% return, which is significantly lower than OVS's 4.70% return.
ALTY
- 1D
- 0.92%
- 1M
- -3.20%
- YTD
- 2.00%
- 6M
- 5.15%
- 1Y
- 10.74%
- 3Y*
- 10.06%
- 5Y*
- 6.33%
- 10Y*
- 6.25%
OVS
- 1D
- 3.03%
- 1M
- -3.86%
- YTD
- 4.70%
- 6M
- 6.98%
- 1Y
- 23.91%
- 3Y*
- 12.01%
- 5Y*
- 4.50%
- 10Y*
- —
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ALTY vs. OVS - Expense Ratio Comparison
ALTY has a 0.50% expense ratio, which is lower than OVS's 0.83% expense ratio.
Return for Risk
ALTY vs. OVS — Risk / Return Rank
ALTY
OVS
ALTY vs. OVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) and Overlay Shares Small Cap Equity ETF (OVS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ALTY | OVS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.96 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.48 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.56 | -0.28 |
Martin ratioReturn relative to average drawdown | 6.72 | 6.45 | +0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALTY | OVS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.96 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.19 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.37 | -0.06 |
Correlation
The correlation between ALTY and OVS is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ALTY vs. OVS - Dividend Comparison
ALTY's dividend yield for the trailing twelve months is around 7.51%, more than OVS's 6.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.51% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
OVS Overlay Shares Small Cap Equity ETF | 6.32% | 3.69% | 4.08% | 3.19% | 3.43% | 4.05% | 1.74% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALTY vs. OVS - Drawdown Comparison
The maximum ALTY drawdown since its inception was -51.47%, which is greater than OVS's maximum drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for ALTY and OVS.
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Drawdown Indicators
| ALTY | OVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -45.09% | -6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -15.95% | +7.43% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -30.49% | +12.01% |
Max Drawdown (10Y)Largest decline over 10 years | -51.47% | — | — |
Current DrawdownCurrent decline from peak | -3.46% | -5.40% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -11.63% | +4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 3.85% | -2.24% |
Volatility
ALTY vs. OVS - Volatility Comparison
The current volatility for Global X Alternative Income ETF (ALTY) is 2.90%, while Overlay Shares Small Cap Equity ETF (OVS) has a volatility of 6.99%. This indicates that ALTY experiences smaller price fluctuations and is considered to be less risky than OVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTY | OVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 6.99% | -4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.65% | 14.80% | -10.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.68% | 24.98% | -15.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.77% | 23.35% | -12.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 27.72% | -11.09% |