EWMC vs. OVS
Compare and contrast key facts about Invesco S&P MidCap 400® Equal Weight ETF (EWMC) and Overlay Shares Small Cap Equity ETF (OVS).
EWMC and OVS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWMC is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Equal Weight Index. It was launched on Dec 8, 2010. OVS is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019.
Performance
EWMC vs. OVS - Performance Comparison
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EWMC vs. OVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EWMC Invesco S&P MidCap 400® Equal Weight ETF | -0.72% | 7.81% | 15.67% | 18.79% | -11.63% | 26.35% | 15.60% | 9.07% |
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, EWMC achieves a -0.72% return, which is significantly lower than OVS's 4.70% return.
EWMC
- 1D
- 0.59%
- 1M
- -3.02%
- YTD
- -0.72%
- 6M
- -1.34%
- 1Y
- 14.05%
- 3Y*
- 12.14%
- 5Y*
- 6.89%
- 10Y*
- 10.59%
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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EWMC vs. OVS - Expense Ratio Comparison
EWMC has a 0.40% expense ratio, which is lower than OVS's 0.83% expense ratio.
Return for Risk
EWMC vs. OVS — Risk / Return Rank
EWMC
OVS
EWMC vs. OVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Equal Weight ETF (EWMC) 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.
| EWMC | OVS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.96 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.48 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.56 | -0.60 |
Martin ratioReturn relative to average drawdown | 4.03 | 6.45 | -2.42 |
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
| EWMC | OVS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.96 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.19 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.37 | +0.15 |
Correlation
The correlation between EWMC and OVS is 0.92, 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
EWMC vs. OVS - Dividend Comparison
EWMC's dividend yield for the trailing twelve months is around 1.04%, less than OVS's 6.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWMC Invesco S&P MidCap 400® Equal Weight ETF | 1.04% | 1.19% | 0.95% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% |
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
EWMC vs. OVS - Drawdown Comparison
The maximum EWMC drawdown since its inception was -43.12%, roughly equal to the maximum OVS drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for EWMC and OVS.
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Drawdown Indicators
| EWMC | OVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -45.09% | +1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -15.95% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -30.49% | +2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | — | — |
Current DrawdownCurrent decline from peak | -4.69% | -5.40% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -11.63% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 3.85% | -0.17% |
Volatility
EWMC vs. OVS - Volatility Comparison
The current volatility for Invesco S&P MidCap 400® Equal Weight ETF (EWMC) is 4.92%, while Overlay Shares Small Cap Equity ETF (OVS) has a volatility of 6.99%. This indicates that EWMC 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
| EWMC | OVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 6.99% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 14.80% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.17% | 24.98% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 23.35% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 27.72% | -5.45% |