ESSC vs. OVS

Last updated Jun 4, 2026

ESSC (Eventide Small Cap ETF) and OVS (Overlay Shares Small Cap Equity ETF) are both Small Cap Blend Equities funds. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. ESSC charges 0.49%/yr vs 0.83%/yr for OVS.

Performance

ESSC vs. OVS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Small Cap ETF (ESSC) and Overlay Shares Small Cap Equity ETF (OVS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESSC achieves a 15.03% return, which is significantly lower than OVS's 17.65% return.

ESSC

• 1D: -0.78%
• 1M: 2.91%
• YTD: 15.03%
• 6M: 14.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OVS

• 1D: -0.98%
• 1M: 2.07%
• YTD: 17.65%
• 6M: 16.54%
• 1Y: 36.35%
• 3Y*: 16.07%
• 5Y*: 6.01%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESSC vs. OVS - Yearly Performance Comparison

	2026 (YTD)	2025
ESSC Eventide Small Cap ETF	15.03%	3.65%
OVS Overlay Shares Small Cap Equity ETF	17.65%	2.18%

Correlation

The correlation between ESSC and OVS is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.94

Return for Risk

ESSC vs. OVS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OVS

OVS Risk / Return Rank: 64
OVS Sharpe Ratio Rank: 56
OVS Sortino Ratio Rank: 57
OVS Omega Ratio Rank: 52
OVS Calmar Ratio Rank: 81
OVS Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESSC vs. OVS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Small Cap ETF (ESSC) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ESSC	OVS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.90	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	0.43	+1.15

Drawdowns

ESSC vs. OVS - Drawdown Comparison

The maximum ESSC drawdown since its inception was -9.51%, smaller than the maximum OVS drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for ESSC and OVS.

Drawdown Indicators

	ESSC	OVS	Difference
Max Drawdown Largest peak-to-trough decline	-9.51%	-45.09%	+35.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.49%	—
Current Drawdown Current decline from peak	-1.05%	-0.98%	-0.07%
Average Drawdown Average peak-to-trough decline	-2.19%	-11.35%	+9.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.63%	—

Volatility

Volatility by Period

	ESSC	OVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.00%	19.27%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	23.23%	-4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	27.47%	-8.47%

ESSC vs. OVS - Expense Ratio Comparison

ESSC has a 0.49% expense ratio, which is lower than OVS's 0.83% expense ratio.

Dividends

ESSC vs. OVS - Dividend Comparison

ESSC's dividend yield for the trailing twelve months is around 0.16%, less than OVS's 6.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ESSC Eventide Small Cap ETF	0.16%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OVS Overlay Shares Small Cap Equity ETF	6.83%	3.69%	4.08%	3.19%	3.43%	4.05%	1.74%	0.54%

Frequently Asked Questions

Can I hold both ESSC and OVS in my portfolio?

With a correlation of 0.94, ESSC and OVS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ESSC or OVS?

On fees, ESSC is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESSC or OVS?

ESSC is cheaper with a 0.49% expense ratio, compared with 0.83% for OVS.

Which ETF pays a higher dividend yield, ESSC or OVS?

OVS has the higher dividend yield at 6.83%, compared with 0.16% for ESSC.

What is the main difference between ESSC and OVS?

They also come from different issuers: Eventide and Liquid Strategies. Their fees differ too: 0.49% for ESSC and 0.83% for OVS.