OVS Performance — Overlay Shares Small Cap Equity ETF
Data updated: 2026-07-30
OVS returned +17.95% year to date and +38.76% over one year to May 2026. Annualised returns are +18.22% over 3 years and +6.31% over 5 years. The fund beat its US Small Blend category average: $100 invested three years ago grew to $165, against $160 for the category, and to $139 over one year, against $132. Volatility over the past three years was 21.38% a year. In the 12 months to May 2026 the fund took in a net $11.5M, and assets reached $28.17M.
OVS Growth of $100
What $100 invested in Overlay Shares Small Cap Equity ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | OVS | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $139 | $132 |
| 3 years (Jun 2023 – May 2026) | $165 | $160 |
| 5 years (Jun 2021 – May 2026) | $136 | $135 |
| Since data start (Mar 2020 – May 2026) | $226 | $210 |
OVS Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.95% |
| 1 year | +38.76% |
| 3 years (annualised) | +18.22% |
| 5 years (annualised) | +6.31% |
OVS Annual Returns
Calendar-year total returns of Overlay Shares Small Cap Equity ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +17.95% |
| 2025 | +6.22% |
| 2024 | +11.06% |
| 2023 | +17.35% |
| 2022 | −20.05% |
| 2021 | +30.00% |
| 2020 (Mar–Dec) | +32.88% |
OVS 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 | +6.2% | +2.6% | −3.8% | +10.8% | +1.5% | — | — | — | — | — | — | — |
| 2025 | +3.0% | −5.7% | −7.8% | −4.5% | +5.5% | +4.7% | +1.5% | +7.0% | +1.3% | −0.6% | +2.7% | 0.0% |
| 2024 | −3.3% | +4.3% | +3.8% | −6.9% | +6.2% | −1.8% | +11.0% | −1.3% | +0.9% | −3.1% | +12.0% | −8.9% |
| 2023 | +10.2% | −1.7% | −4.9% | −2.4% | −1.8% | +8.8% | +5.7% | −4.4% | −7.0% | −7.2% | +10.5% | +13.3% |
| 2022 | −8.6% | +1.3% | +0.8% | −9.4% | +1.9% | −9.0% | +10.5% | −5.2% | −11.7% | +13.4% | +4.5% | −7.1% |
| 2021 | +5.9% | +8.0% | +4.3% | +2.4% | +2.3% | +0.8% | −2.2% | +2.4% | −3.3% | +4.3% | −2.2% | +4.4% |
| 2020 | — | — | −22.1% | +13.1% | +5.1% | +4.1% | +5.2% | +4.5% | −5.0% | +2.2% | +18.9% | +8.6% |
OVS Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 21.38%
- 3-year Sharpe ratio: 0.64 (vs 4.5% risk-free rate)
- Best month: +13.27% (Dec 2023)
- Worst month: −8.91% (Dec 2024)
OVS Fund Flows
Monthly money in and out of Overlay Shares Small Cap Equity ETF, from SEC Form N-PORT.
- 12-month net flow: $11.5M
- 12-month gross sales (incl. reinvestments): $12.2M
- Sales ÷ redemptions: 17.12×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $7.6M | $0 | $7.6M |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $376K | $0 | $376K |
| Feb 2026 | $1.5M | $0 | $1.5M |
| Jan 2026 | $382K | $0 | $382K |
| Dec 2025 | $0 | $0 | $0 |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $0 | $712K | −$712K |
| Sep 2025 | $709K | $0 | $709K |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $1.3M | $0 | $1.3M |
| Jun 2025 | $326K | $0 | $326K |
OVS Assets Under Management
Net assets of Overlay Shares Small Cap Equity ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $28.17M |
| 2026-02-28 | $19.09M |
| 2025-11-30 | $16.25M |
| 2025-08-31 | $15.84M |
| 2025-05-31 | $12.49M |
| 2025-02-28 | $12.54M |
| 2024-11-30 | $12.44M |
| 2024-08-31 | $12.18M |
| 2024-05-31 | $10.75M |
| 2024-02-29 | $9.90M |
| 2023-11-30 | $8.01M |
| 2023-08-31 | $7.72M |
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.