Skip to Content
ETFs

Overlay Shares Foreign Equity ETF

OVF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 30 2019
Expense Ratio
0.99%
Type
Global Ex. US Equities
Fund Owner
Liquid Strategies
Volume (1m avg. daily)
$90,443
AUM
$15,811,600
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

EFAV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Min Vol Factor ETF
78.88%
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
20.78%
n/a
Cash & Other
0.45%
n/a
CBOE S&P PUT OPT 06/23 4170
0.03%
n/a
CBOE S&P PUT OPT 06/23 4090
0.02%
n/a
CBOE S&P PUT OPT 06/23 4070
0.02%
n/a
CBOE S&P PUT OPT 06/23 4150
-0.03%
n/a
CBOE S&P PUT OPT 06/23 4130
-0.03%
n/a
CBOE S&P PUT OPT 06/23 4230
-0.11%
Invest with OVF

What is OVF?

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek exposure to the performance of non-U.S. equity securities (from both developed and emerging markets) or directly in the securities held by such ETFs (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the Overlay Strategy ). The Overlay Strategy seeks to generate income for the Fund by utilizing a put spread consisting of the sale of exchange-listed short-term put options ( Short Puts ) with a notional value (strike price times the value of the shares) up to 100% of the Fund s net assets and the purchase of an identical number of short-term put options ( Long Puts ) with a lower strike price. The Fund seeks to generate income from the sale and purchase of put options with a lower strike price to hedge against a decline in the options underlying asset, the MSCI ACWI ex US index.

ETFs related toOVF

ETFs correlated to OVF include QEFA, EFAV, VIGI

OVF
Listed Funds Trust - Overlay Shares Foreign Equity ETF
QEFA
SSgA Active Trust - SPDR MSCI EAFE StrategicFactors SM ETF
EFAV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Min Vol Factor ETF
VIGI
Vanguard Group, Inc. - Vanguard International Dividend Appreciation ETF
IGRO
BlackRock Institutional Trust Company N.A. - iShares International Dividend Growth ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
EFAX
SSgA Active Trust - SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toOVF

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with OVF using Composer

FAQ

OVF is a Global Ex. US Equities ETF. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek exposure to the performance of non-U.S. equity securities (from both developed and emerging markets) or directly in the securities held by such ETFs (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the Overlay Strategy ). The Overlay Strategy seeks to generate income for the Fund by utilizing a put spread consisting of the sale of exchange-listed short-term put options ( Short Puts ) with a notional value (strike price times the value of the shares) up to 100% of the Fund s net assets and the purchase of an identical number of short-term put options ( Long Puts ) with a lower strike price. The Fund seeks to generate income from the sale and purchase of put options with a lower strike price to hedge against a decline in the options underlying asset, the MSCI ACWI ex US index.

Yes, OVF is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, OVF is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OVF is -0.0117%. This is the percent change in the value of OVF over the most recent 1-month period. The 3-month return on OVF is 0.0431%. This is the percent change in the value of OVF over the most recent 3-month period.

The standard deviation of OVF for the past year is 0.1608%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OVF include PBW, IGF, and ICLN.

ETFs correlated to OVF include QEFA, EFAV, and VIGI.

ETFs that are inversely correlated to OVF include EFZ, EPV, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.