OVF vs. BKIE

Last updated Apr 1, 2026

Compare and contrast key facts about Overlay Shares Foreign Equity ETF (OVF) and BNY Mellon International Equity ETF (BKIE).

OVF and BKIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OVF is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019. BKIE is a passively managed fund by BNY Mellon that tracks the performance of the Morningstar Developed Markets ex-US Large Cap Index. It was launched on Apr 24, 2020.

Performance

OVF vs. BKIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Overlay Shares Foreign Equity ETF (OVF) and BNY Mellon International Equity ETF (BKIE). The values are adjusted to include any dividend payments, if applicable.

OVF vs. BKIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OVF Overlay Shares Foreign Equity ETF	3.04%	33.03%	6.40%	15.25%	-17.64%	9.56%	22.60%
BKIE BNY Mellon International Equity ETF	0.94%	32.08%	4.63%	18.25%	-13.60%	13.75%	34.17%

Returns By Period

In the year-to-date period, OVF achieves a 3.04% return, which is significantly higher than BKIE's 0.94% return.

OVF

• 1D: 3.86%
• 1M: -7.90%
• YTD: 3.04%
• 6M: 8.18%
• 1Y: 30.14%
• 3Y*: 16.53%
• 5Y*: 8.35%
• 10Y*: —

BKIE

• 1D: 3.17%
• 1M: -7.91%
• YTD: 0.94%
• 6M: 6.12%
• 1Y: 24.82%
• 3Y*: 15.27%
• 5Y*: 8.94%
• 10Y*: —

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

OVF vs. BKIE - Expense Ratio Comparison

OVF has a 0.95% expense ratio, which is higher than BKIE's 0.04% expense ratio.

OVF

Overlay Shares Foreign Equity ETF

BKIE

BNY Mellon International Equity ETF

Return for Risk

OVF vs. BKIE — Risk / Return Rank

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

OVF

OVF Risk / Return Rank: 82
OVF Sharpe Ratio Rank: 81
OVF Sortino Ratio Rank: 83
OVF Omega Ratio Rank: 81
OVF Calmar Ratio Rank: 83
OVF Martin Ratio Rank: 84

BKIE

BKIE Risk / Return Rank: 80
BKIE Sharpe Ratio Rank: 80
BKIE Sortino Ratio Rank: 80
BKIE Omega Ratio Rank: 80
BKIE Calmar Ratio Rank: 80
BKIE Martin Ratio Rank: 79

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.

OVF vs. BKIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Foreign Equity ETF (OVF) and BNY Mellon International Equity ETF (BKIE). 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.

	OVF	BKIE	Difference
Sharpe ratio Return per unit of total volatility	1.57	1.46	+0.11
Sortino ratio Return per unit of downside risk	2.19	2.01	+0.18
Omega ratio Gain probability vs. loss probability	1.31	1.30	+0.02
Calmar ratio Return relative to maximum drawdown	2.43	2.09	+0.34
Martin ratio Return relative to average drawdown	9.53	8.22	+1.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OVF vs. BKIE - Sharpe Ratio Comparison

The current OVF Sharpe Ratio is 1.57, which is comparable to the BKIE Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of OVF and BKIE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OVF	BKIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.46	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.56	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.86	-0.39

Correlation

The correlation between OVF and BKIE is 0.93, 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

OVF vs. BKIE - Dividend Comparison

OVF's dividend yield for the trailing twelve months is around 9.04%, more than BKIE's 3.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
OVF Overlay Shares Foreign Equity ETF	9.04%	6.32%	5.13%	5.17%	4.50%	4.88%	2.55%	2.12%
BKIE BNY Mellon International Equity ETF	3.09%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%	0.00%

Drawdowns

OVF vs. BKIE - Drawdown Comparison

The maximum OVF drawdown since its inception was -30.07%, which is greater than BKIE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for OVF and BKIE.

Drawdown Indicators

	OVF	BKIE	Difference
Max Drawdown Largest peak-to-trough decline	-30.07%	-28.19%	-1.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	-11.41%	-0.76%
Max Drawdown (5Y) Largest decline over 5 years	-30.07%	-28.19%	-1.88%
Current Drawdown Current decline from peak	-8.23%	-8.17%	-0.06%
Average Drawdown Average peak-to-trough decline	-7.59%	-5.04%	-2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.91%	+0.20%

Volatility

OVF vs. BKIE - Volatility Comparison

Overlay Shares Foreign Equity ETF (OVF) has a higher volatility of 9.09% compared to BNY Mellon International Equity ETF (BKIE) at 7.69%. This indicates that OVF's price experiences larger fluctuations and is considered to be riskier than BKIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OVF	BKIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.09%	7.69%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	11.03%	+1.97%
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	17.09%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	15.98%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	16.30%	+0.74%