OVL Performance — Overlay Shares Large Cap Equity ETF
Data updated: 2026-07-30
OVL returned +13.72% year to date and +35.43% over one year to May 2026. Annualised returns are +25.59% over 3 years and +14.56% over 5 years. The fund beat its US Large Blend category average: $100 invested three years ago grew to $198, against $165 for the category, and to $135 over one year, against $122. Volatility over the past three years was 15.48% a year. In the 12 months to May 2026 the fund took in a net $19.5M, and assets reached $276.27M.
OVL Growth of $100
What $100 invested in Overlay Shares Large Cap Equity ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | OVL | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $135 | $122 |
| 3 years (Jun 2023 – May 2026) | $198 | $165 |
| 5 years (Jun 2021 – May 2026) | $197 | $164 |
| Since data start (Mar 2020 – May 2026) | $302 | $227 |
OVL Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.72% |
| 1 year | +35.43% |
| 3 years (annualised) | +25.59% |
| 5 years (annualised) | +14.56% |
OVL Annual Returns
Calendar-year total returns of Overlay Shares Large Cap Equity ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +13.72% |
| 2025 | +18.08% |
| 2024 | +27.67% |
| 2023 | +27.86% |
| 2022 | −22.05% |
| 2021 | +32.24% |
| 2020 (Mar–Dec) | +33.87% |
OVL Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.9% | −0.3% | −4.7% | +11.1% | +5.7% | — | — | — | — | — | — | — |
| 2025 | +2.9% | −1.3% | −7.3% | −1.1% | +6.6% | +5.7% | +2.9% | +2.1% | +3.9% | +2.6% | +0.4% | +0.2% |
| 2024 | +2.2% | +6.4% | +3.8% | −5.5% | +6.2% | +4.2% | +1.2% | +2.7% | +2.2% | −1.5% | +6.8% | −3.2% |
| 2023 | +7.0% | −3.0% | +4.1% | +2.0% | +0.4% | +7.1% | +3.5% | −1.8% | −5.8% | −3.7% | +11.4% | +5.1% |
| 2022 | −6.6% | −3.0% | +4.2% | −10.3% | +0.3% | −8.9% | +9.8% | −5.0% | −11.1% | +9.2% | +6.0% | −6.2% |
| 2021 | −1.2% | +3.1% | +5.3% | +5.9% | +0.9% | +2.8% | +2.6% | +3.4% | −5.6% | +7.9% | −0.5% | +4.5% |
| 2020 | — | — | −12.0% | +13.1% | +5.5% | +2.4% | +6.8% | +7.7% | −4.2% | −2.9% | +11.7% | +4.2% |
OVL Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 15.48%
- 3-year Sharpe ratio: 1.36 (vs 4.5% risk-free rate)
- Best month: +11.42% (Nov 2023)
- Worst month: −7.34% (Mar 2025)
OVL Fund Flows
Monthly money in and out of Overlay Shares Large Cap Equity ETF, from SEC Form N-PORT.
- 12-month net flow: $19.5M
- 12-month gross sales (incl. reinvestments): $134.8M
- Sales ÷ redemptions: 1.17×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $46.5M | $2.3M | $44.2M |
| Apr 2026 | $38.2M | $0 | $38.2M |
| Mar 2026 | $6.2M | $7.7M | −$1.4M |
| Feb 2026 | $0 | $5.9M | −$5.9M |
| Jan 2026 | $4.9M | $3.8M | $1.1M |
| Dec 2025 | $5.3M | $2.2M | $3.2M |
| Nov 2025 | $12.6M | $16.5M | −$3.9M |
| Oct 2025 | $2.1M | $1.6M | $548K |
| Sep 2025 | $3.1M | $0 | $3.1M |
| Aug 2025 | $995K | $5.9M | −$4.9M |
| Jul 2025 | $8.3M | $69.1M | −$60.8M |
| Jun 2025 | $6.6M | $466K | $6.1M |
OVL Assets Under Management
Net assets of Overlay Shares Large Cap Equity ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $276.27M |
| 2026-02-28 | $175.92M |
| 2025-11-30 | $178.70M |
| 2025-08-31 | $168.78M |
| 2025-05-31 | $209.45M |
| 2025-02-28 | $175.30M |
| 2024-11-30 | $208.04M |
| 2024-08-31 | $181.34M |
| 2024-05-31 | $163.02M |
| 2024-02-29 | $157.97M |
| 2023-11-30 | $131.97M |
| 2023-08-31 | $157.87M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.