OVF vs. EIS
Compare and contrast key facts about Overlay Shares Foreign Equity ETF (OVF) and iShares MSCI Israel ETF (EIS).
OVF and EIS 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. EIS is a passively managed fund by iShares that tracks the performance of the MSCI Israel Capped Investable Market Index (Net). It was launched on Mar 26, 2008.
Performance
OVF vs. EIS - Performance Comparison
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OVF vs. EIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OVF Overlay Shares Foreign Equity ETF | 3.04% | 33.03% | 6.40% | 15.25% | -17.64% | 9.56% | 2.65% | 5.81% |
EIS iShares MSCI Israel ETF | 5.46% | 45.11% | 34.50% | 5.48% | -27.05% | 22.83% | 12.01% | 8.13% |
Returns By Period
In the year-to-date period, OVF achieves a 3.04% return, which is significantly lower than EIS's 5.46% return.
OVF
- 1D
- 3.86%
- 1M
- -7.90%
- YTD
- 3.04%
- 6M
- 8.18%
- 1Y
- 30.14%
- 3Y*
- 16.53%
- 5Y*
- 8.35%
- 10Y*
- —
EIS
- 1D
- 5.27%
- 1M
- -2.31%
- YTD
- 5.46%
- 6M
- 16.85%
- 1Y
- 58.57%
- 3Y*
- 30.48%
- 5Y*
- 13.80%
- 10Y*
- 10.84%
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OVF vs. EIS - Expense Ratio Comparison
OVF has a 0.95% expense ratio, which is higher than EIS's 0.59% expense ratio.
Return for Risk
OVF vs. EIS — Risk / Return Rank
OVF
EIS
OVF vs. EIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Foreign Equity ETF (OVF) and iShares MSCI Israel ETF (EIS). 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 | EIS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 2.50 | -0.92 |
Sortino ratioReturn per unit of downside risk | 2.19 | 3.36 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 4.66 | -2.23 |
Martin ratioReturn relative to average drawdown | 9.53 | 17.47 | -7.94 |
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
| OVF | EIS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.50 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.64 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.30 | +0.17 |
Correlation
The correlation between OVF and EIS is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
OVF vs. EIS - Dividend Comparison
OVF's dividend yield for the trailing twelve months is around 9.04%, more than EIS's 1.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVF Overlay Shares Foreign Equity ETF | 9.04% | 6.32% | 5.13% | 5.17% | 4.50% | 4.88% | 2.55% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% |
EIS iShares MSCI Israel ETF | 1.36% | 1.44% | 1.38% | 1.39% | 1.66% | 1.04% | 0.16% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% |
Drawdowns
OVF vs. EIS - Drawdown Comparison
The maximum OVF drawdown since its inception was -30.07%, smaller than the maximum EIS drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for OVF and EIS.
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Drawdown Indicators
| OVF | EIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -51.94% | +21.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -12.40% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -30.07% | -41.88% | +11.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.88% | — |
Current DrawdownCurrent decline from peak | -8.23% | -7.78% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -14.02% | +6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.30% | -0.19% |
Volatility
OVF vs. EIS - Volatility Comparison
Overlay Shares Foreign Equity ETF (OVF) and iShares MSCI Israel ETF (EIS) have volatilities of 9.09% and 9.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OVF | EIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 9.37% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 15.82% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 23.60% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 21.60% | -6.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 20.95% | -3.91% |