Skip to Content
ETFs

Overlay Shares Small Cap Equity ETF

OVS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 30 2019
Expense Ratio
0.84%
Type
US Equities
Fund Owner
Liquid Strategies
Volume (1m avg. daily)
$54,035
AUM
$7,873,195
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
100.24%
n/a
Cash & Other
0.80%
n/a
CBOE S&P PUT OPT 09/23 4390
0.34%
n/a
S&P 500 PUT OPT 10/23 4320
0.25%
n/a
CBOE S&P PUT OPT 09/23 4350
0.18%
n/a
CBOE S&P PUT OPT 09/23 4330
0.15%
n/a
S&P 500 PUT OPT 10/23 4175
0.06%
n/a
S&P 500 PUT OPT 10/23 4275
-0.13%
n/a
CBOE S&P PUT OPT 09/23 4400
-0.31%
n/a
CBOE S&P PUT OPT 09/23 4400
-0.39%
Invest with OVS

What is OVS?

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 to obtain exposure to the performance of U.S. small cap equity securities 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 S&P 600 Index.

ETFs related toOVS

ETFs correlated to OVS include IJR, SPSM, VIOO

OVS
Listed Funds Trust - Overlay Shares Small Cap Equity ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
IJS
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value ETF
VIOG
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Growth ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value 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 toOVS

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with OVS using Composer

FAQ

OVS is a 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 to obtain exposure to the performance of U.S. small cap equity securities 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 S&P 600 Index.

Yes, OVS 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, OVS 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 OVS is -0.0395%. This is the percent change in the value of OVS over the most recent 1-month period. The 3-month return on OVS is -0.018%. This is the percent change in the value of OVS over the most recent 3-month period.

The standard deviation of OVS for the past year is 0.2309%. 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 OVS include SPHQ, DSI, and QUAL.

ETFs correlated to OVS include IJR, SPSM, and VIOO.

ETFs that are inversely correlated to OVS include RWM, TZA, and TWM.

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.