OVS vs VOO
Overlay Shares Small Cap Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. OVS delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | OVS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.83% | 0.03% | |
| AUM | $35M | $979.0B | |
| Dividend Yield | 6.98% | 1.09% | |
| Holdings | 10 | 509 | |
| YTD Return | +18.79% | +14.48% | |
| 1Y Return | +23.45% | +22.02% | |
| 3Y Return (annualized) | +14.34% | +21.80% | |
| 5Y Return (annualized) | +6.48% | +13.36% | |
| Volatility (annualized) | 23.9% | 14.2% | |
| Max Drawdown | -45.1% | -34.3% | |
| Fund Family | Overlay Shares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2019 | Sep 7, 2010 |
OVS vs VOO Performance
Overlay Shares Small Cap Equity ETF (OVS) is a ETF from Overlay Shares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year OVS returned +23.45% while VOO returned +22.02%. Year to date, OVS is up 18.79% versus a gain of 14.48% for VOO.
Over three years, OVS compounded at +14.34% per year against +21.80% for VOO; over five years the annualized figures are +6.48% and +13.36% respectively. Across the full 7-year window we track, VOO has the edge at +13.61% annualized vs +11.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVS has been the more volatile fund, with annualized monthly volatility of 23.9% compared with 14.2% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -45.1% for OVS and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVS charges 0.83% per year while VOO charges 0.03%. On a $10,000 position that is $83 vs $3 annually, a gap of $80 per year that compounds over a long holding period. On income, OVS currently yields 6.98% against 1.09% for VOO.
Holdings Overlap
OVS and VOO share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OVS or VOO?
OVS has an expense ratio of 0.83% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $80 per year of difference.
Which performed better, OVS or VOO?
Over the past year OVS returned +23.45% vs +22.02% for VOO, so OVS leads on 1-year performance. Over the longest common window we track (7 years), OVS annualized +11.56% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, OVS or VOO?
OVS has been the more volatile fund at 23.9% annualized versus 14.2% for VOO. Worst drawdown: OVS -45.1% vs VOO -34.3%.
Should I hold both OVS and VOO?
OVS and VOO have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OVS and VOO?
OVS and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, OVS or VOO?
OVS yields 6.98% while VOO yields 1.09%, so OVS currently pays the higher dividend yield.
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