Overlay Shares Foreign Equity ETF
$30.78+0.12 (+0.39%)
- 0.83%
- $65M
- +21.4%
- 11.33%
- 0M sh
- $30.69
- low $28.00high $32.76
The ETF.net OVF Grade
C
Score 49 out of 100
- 14 of 25
Score 49 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C44 out of 100Rank 14 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 10 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 11 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C47 out of 100Rank 12 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 13 of 25
Our read on OVF
CA one-ticket foreign equity sleeve that buys other ETFs instead of individual stocks, and unlike the developed-market EAFE crowd it reaches into emerging markets too. Actively managed, small, and priced above the peer norm.
The actively managed ETF seeks total return by investing in one or more other ETFs that provide exposure to non-U.S. equity securities across developed and emerging markets.
Why people hold it
- Spans developed and emerging markets in one ticket, while EAFE-benchmarked peers like HDEF, EFAA and NIHI stay inside developed markets.
- Actively managed fund of ETFs: the manager chooses and shifts the underlying funds rather than locking to one fixed index.
- Standard 1940 Act ETF wrapper, so it's 1099 tax reporting and no K-1 at tax time.
- Live since 2019, so it carries a real track record through a full cycle of currency and rate swings rather than a launch-week backtest.
Worth knowing
- The 0.83% expense ratio runs above the median fee in its peer group, and cheaper routes to the same regions sit right next to it on the shelf.
- A small, lightly traded fund, which usually means wider bid-ask spreads than mainstream international ETFs.
- Payouts arrive irregularly rather than on a set monthly or quarterly schedule.
OVF Holdings
- Stocks
- 2
- 100%
- IEFA
Sectors
- Financials22.7%
- Technology19.2%
- Industrials16.4%
- Health Care8.0%
- Consumer Discretionary7.8%
- Materials6.6%
- Consumer Staples5.3%
- Communication4.9%
- Energy3.8%
- Utilities3.0%
- Real Estate2.4%
Geography
- United States100.00%
OVF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
OVF$12,139
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OVF |
|---|---|
| Year to date | +13.5% |
| 1 month | −2.8% |
| 3 months | −1.0% |
| 1 year | +21.4% |
| 3 years | +21.3% |
| 5 years | +9.6% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OVF |
|---|---|---|
| 2026 YTD | +13.5% | |
| 2025 | +33.0% | |
| 2024 | +6.4% | |
| 2023 | +15.3% | |
| 2022 | −17.6% | |
| 2021 | +9.6% | |
| 2020 | +2.6% |
OVF in the news
Category Review
Index option income was not one bet this year
OVF Dividends
- 11.33%
- $3.48
- $0.28 per share
- Monthly
Distribution history
OVF Risk
- 13.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.19
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −28.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.97
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OVF Cost
0.83%
OVF0.83%
- The middle half of Index Option Income funds
- Median 0.81%
13 of the 25 Index Option Income funds charge less.
Other funds in Index Option Income
- BNIHINEOS MSCI EAFE High Income ETFExpense ratio 0.75%1 year return +14.0%
- BOVMOverlay Shares Municipal Bond ETFExpense ratio 0.81%1 year return +1.3%
- CCHPYYieldMax Semiconductor Portfolio Option Income ETFExpense ratio 1.03%1 year return +86.2%
- COVSOverlay Shares Small Cap Equity ETFExpense ratio 0.83%1 year return +25.5%
- CTMGNETF Opportunities Trust - Tappalpha Cboe Magnificent 10 Growth & Daily Income ETFExpense ratio 0.88%1 year return —