OVS vs. FDG
Compare and contrast key facts about Overlay Shares Small Cap Equity ETF (OVS) and American Century Focused Dynamic Growth ETF (FDG).
OVS and FDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OVS is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019. FDG is an actively managed fund by American Century Investments. It was launched on Mar 31, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVS or FDG.
Key characteristics
| OVS | FDG | |
|---|---|---|
| YTD Return | 2.82% | 14.64% |
| 1Y Return | 23.02% | 39.56% |
| 3Y Return (Ann) | 0.75% | 3.62% |
| Sharpe Ratio | 1.08 | 2.26 |
| Daily Std Dev | 20.90% | 17.17% |
| Max Drawdown | -45.09% | -43.69% |
| Current Drawdown | -7.56% | -8.50% |
Correlation
The correlation between OVS and FDG 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.
Performance
OVS vs. FDG - Performance Comparison
In the year-to-date period, OVS achieves a 2.82% return, which is significantly lower than FDG's 14.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OVS vs. FDG - Expense Ratio Comparison
OVS has a 0.83% expense ratio, which is higher than FDG's 0.45% expense ratio.
Risk-Adjusted Performance
OVS vs. FDG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Small Cap Equity ETF (OVS) and American Century Focused Dynamic Growth ETF (FDG). 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.
Dividends
OVS vs. FDG - Dividend Comparison
OVS's dividend yield for the trailing twelve months is around 3.18%, while FDG has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
OVS Overlay Shares Small Cap Equity ETF | 3.18% | 3.19% | 3.43% | 4.05% | 1.74% | 0.54% |
FDG American Century Focused Dynamic Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% |
Drawdowns
OVS vs. FDG - Drawdown Comparison
The maximum OVS drawdown since its inception was -45.09%, roughly equal to the maximum FDG drawdown of -43.69%. Use the drawdown chart below to compare losses from any high point for OVS and FDG. For additional features, visit the drawdowns tool.
Volatility
OVS vs. FDG - Volatility Comparison
The current volatility for Overlay Shares Small Cap Equity ETF (OVS) is 4.96%, while American Century Focused Dynamic Growth ETF (FDG) has a volatility of 6.08%. This indicates that OVS experiences smaller price fluctuations and is considered to be less risky than FDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.