Correlation
The correlation between OVS and SPSM is 0.79, 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.
OVS vs. SPSM
Compare and contrast key facts about Overlay Shares Small Cap Equity ETF (OVS) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM).
OVS and SPSM 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. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVS or SPSM.
Performance
OVS vs. SPSM - Performance Comparison
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Key characteristics
OVS:
-0.06
SPSM:
-0.03
OVS:
0.09
SPSM:
0.13
OVS:
1.01
SPSM:
1.02
OVS:
-0.06
SPSM:
-0.03
OVS:
-0.17
SPSM:
-0.07
OVS:
11.19%
SPSM:
10.21%
OVS:
26.69%
SPSM:
24.18%
OVS:
-45.09%
SPSM:
-42.89%
OVS:
-18.13%
SPSM:
-16.22%
Returns By Period
In the year-to-date period, OVS achieves a -9.56% return, which is significantly lower than SPSM's -8.16% return.
OVS
-9.56%
4.89%
-17.51%
-2.82%
3.00%
11.77%
N/A
SPSM
-8.16%
4.61%
-15.59%
-1.80%
3.08%
11.58%
7.00%
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OVS vs. SPSM - Expense Ratio Comparison
OVS has a 0.83% expense ratio, which is higher than SPSM's 0.05% expense ratio.
Risk-Adjusted Performance
OVS vs. SPSM — Risk-Adjusted Performance Rank
OVS
SPSM
OVS vs. SPSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Small Cap Equity ETF (OVS) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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.
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Dividends
OVS vs. SPSM - Dividend Comparison
OVS's dividend yield for the trailing twelve months is around 4.51%, more than SPSM's 2.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVS Overlay Shares Small Cap Equity ETF | 4.51% | 4.08% | 3.19% | 3.43% | 4.05% | 1.74% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 2.04% | 1.85% | 1.61% | 1.38% | 1.41% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% |
Drawdowns
OVS vs. SPSM - Drawdown Comparison
The maximum OVS drawdown since its inception was -45.09%, which is greater than SPSM's maximum drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for OVS and SPSM.
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Volatility
OVS vs. SPSM - Volatility Comparison
Overlay Shares Small Cap Equity ETF (OVS) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM) have volatilities of 6.83% and 6.63%, 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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