OVS vs. GSC
Compare and contrast key facts about Overlay Shares Small Cap Equity ETF (OVS) and Goldman Sachs Small Cap Core Equity ETF (GSC).
OVS and GSC 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. GSC is an actively managed fund by Goldman Sachs. It was launched on Oct 3, 2023.
Performance
OVS vs. GSC - Performance Comparison
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OVS vs. GSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OVS Overlay Shares Small Cap Equity ETF | 4.70% | 6.15% | 11.07% | 17.20% | -19.99% | 30.15% | 12.16% | 11.51% |
GSC Goldman Sachs Small Cap Core Equity ETF | 0.60% | 6.29% | 13.79% | 33.52% | 28.40% | 58.09% | -33.08% | 15.08% |
Returns By Period
In the year-to-date period, OVS achieves a 4.70% return, which is significantly higher than GSC's 0.60% return.
OVS
- 1D
- 3.03%
- 1M
- -3.86%
- YTD
- 4.70%
- 6M
- 6.98%
- 1Y
- 23.91%
- 3Y*
- 12.01%
- 5Y*
- 4.50%
- 10Y*
- —
GSC
- 1D
- 4.03%
- 1M
- -6.15%
- YTD
- 0.60%
- 6M
- 2.68%
- 1Y
- 17.46%
- 3Y*
- 20.49%
- 5Y*
- 28.12%
- 10Y*
- 11.14%
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OVS vs. GSC - Expense Ratio Comparison
OVS has a 0.83% expense ratio, which is higher than GSC's 0.75% expense ratio.
Return for Risk
OVS vs. GSC — Risk / Return Rank
OVS
GSC
OVS vs. GSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Small Cap Equity ETF (OVS) and Goldman Sachs Small Cap Core Equity ETF (GSC). 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.
| OVS | GSC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.04 | +0.92 |
Sortino ratioReturn per unit of downside risk | 1.48 | 3.79 | -2.31 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.92 | -0.72 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.30 | +1.26 |
Martin ratioReturn relative to average drawdown | 6.45 | 1.01 | +5.45 |
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
| OVS | GSC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.04 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.13 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | -0.01 | +0.38 |
Correlation
The correlation between OVS and GSC is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OVS vs. GSC - Dividend Comparison
OVS's dividend yield for the trailing twelve months is around 6.32%, more than GSC's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OVS Overlay Shares Small Cap Equity ETF | 6.32% | 3.69% | 4.08% | 3.19% | 3.43% | 4.05% | 1.74% | 0.54% |
GSC Goldman Sachs Small Cap Core Equity ETF | 0.19% | 0.16% | 0.66% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OVS vs. GSC - Drawdown Comparison
The maximum OVS drawdown since its inception was -45.09%, smaller than the maximum GSC drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for OVS and GSC.
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Drawdown Indicators
| OVS | GSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.09% | -88.63% | +43.54% |
Max Drawdown (1Y)Largest decline over 1 year | -15.95% | -58.25% | +42.30% |
Max Drawdown (5Y)Largest decline over 5 years | -30.49% | -58.25% | +27.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.06% | — |
Current DrawdownCurrent decline from peak | -5.40% | -40.25% | +34.85% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -59.52% | +47.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 17.28% | -13.43% |
Volatility
OVS vs. GSC - Volatility Comparison
The current volatility for Overlay Shares Small Cap Equity ETF (OVS) is 6.99%, while Goldman Sachs Small Cap Core Equity ETF (GSC) has a volatility of 8.12%. This indicates that OVS experiences smaller price fluctuations and is considered to be less risky than GSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OVS | GSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 8.12% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 313.02% | -298.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 410.88% | -385.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.35% | 219.28% | -195.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.72% | 160.40% | -132.68% |