OVS vs. ISMD
Compare and contrast key facts about Overlay Shares Small Cap Equity ETF (OVS) and Inspire Small/Mid Cap Impact ETF (ISMD).
OVS and ISMD 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. ISMD is a passively managed fund by Inspire that tracks the performance of the Inspire Small/Mid Cap Impact Equal Weight Index. It was launched on Feb 28, 2017.
Performance
OVS vs. ISMD - Performance Comparison
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OVS vs. ISMD - 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% |
ISMD Inspire Small/Mid Cap Impact ETF | 3.89% | 4.14% | 9.53% | 16.74% | -13.44% | 29.38% | 7.45% | 9.49% |
Returns By Period
In the year-to-date period, OVS achieves a 4.70% return, which is significantly higher than ISMD's 3.89% return.
OVS
- 1D
- 3.03%
- 1M
- -3.86%
- YTD
- 4.70%
- 6M
- 6.98%
- 1Y
- 23.91%
- 3Y*
- 12.01%
- 5Y*
- 4.50%
- 10Y*
- —
ISMD
- 1D
- 2.12%
- 1M
- -4.16%
- YTD
- 3.89%
- 6M
- 3.40%
- 1Y
- 18.52%
- 3Y*
- 10.17%
- 5Y*
- 5.15%
- 10Y*
- —
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OVS vs. ISMD - Expense Ratio Comparison
OVS has a 0.83% expense ratio, which is higher than ISMD's 0.57% expense ratio.
Return for Risk
OVS vs. ISMD — Risk / Return Rank
OVS
ISMD
OVS vs. ISMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Small Cap Equity ETF (OVS) and Inspire Small/Mid Cap Impact ETF (ISMD). 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 | ISMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.85 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.31 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.31 | +0.24 |
Martin ratioReturn relative to average drawdown | 6.45 | 4.62 | +1.83 |
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 | ISMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.85 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.25 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.32 | +0.05 |
Correlation
The correlation between OVS and ISMD is 0.94, 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
OVS vs. ISMD - Dividend Comparison
OVS's dividend yield for the trailing twelve months is around 6.32%, more than ISMD's 1.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISMD Inspire Small/Mid Cap Impact ETF | 1.11% | 1.21% | 1.24% | 1.17% | 1.28% | 9.35% | 0.99% | 0.88% | 1.35% | 2.02% |
Drawdowns
OVS vs. ISMD - Drawdown Comparison
The maximum OVS drawdown since its inception was -45.09%, roughly equal to the maximum ISMD drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for OVS and ISMD.
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Drawdown Indicators
| OVS | ISMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.09% | -44.60% | -0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -15.95% | -13.93% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.49% | -26.64% | -3.85% |
Current DrawdownCurrent decline from peak | -5.40% | -6.44% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -8.31% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.95% | -0.10% |
Volatility
OVS vs. ISMD - Volatility Comparison
Overlay Shares Small Cap Equity ETF (OVS) and Inspire Small/Mid Cap Impact ETF (ISMD) have volatilities of 6.99% and 6.77%, 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
| OVS | ISMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 6.77% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 13.55% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 21.94% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.35% | 20.90% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.72% | 23.85% | +3.87% |