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AFSMvsOVSETF Comparison

ETF 1

AFSM

First Trust Active Factor Small Cap ETF

This fund is part of

US Multi-Factor

-0.2%

Full AFSM fund page

VS

ETF 2

OVS

Overlay Shares Small Cap Equity ETF

This fund is part of

Options Strategies

-0.04%

Full OVS fund page

First Trust Active Factor Small Cap ETF (AFSM) belongs to the US Multi-Factor segment. Overlay Shares Small Cap Equity ETF (OVS) is part of the Options Strategies segment. AFSM's top 3 sector exposures are Information Technology, Industrials and Health Care. In contrast, OVS's top sector exposures are Industrials, Financials and Information Technology. AFSM is less expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.83% for OVS. AFSM is up 5.93% year-to-date (YTD) with +$16M in YTD flows. OVS performs better with 9.98% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of AFSM and OVS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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AFSM vs OVS performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/09/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	AFSM OVS	+4.26%+4.84%	+2.04%+3.93%	+5.93%+9.98%	+30.40%+45.45%	+55.07%+48.22%	+41.19%+28.56%
Flows	AFSM OVS	-$3M-	+$11M+$2M	+$16M+$2M	+$42M+$5M	+$74M+$9M	+$75M+$12M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	AFSM OVS	+21.34%+21.17%	+18.48%+20.11%	+19.74%+22.44%	+21.27%+23.38%
Max drawdown	AFSM OVS	-9.36%-8.40%	-9.36%-8.59%	-24.90%-30.33%	-28.44%-30.41%
Max drawdown duration	AFSM OVS	42d59d	42d36d	303d380d	815d995d

Trading data

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	AFSM	OVS
Last sale 4/10/2026 at 1:30 PM	$34.56	$38.15
Previous close 04/09/2026	$34.75	$38.35
Consolidated volume 04/09/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 4/10/2026 at 1:30 PM

Live

Closed

	AFSM	OVS
Last price	$34.56	$38.15
1D performance	-0.55%	-0.50%
AuM	$85.17 M	$19.47 M
E/R	0.75%	0.83%

Characteristics

	AFSM	OVS
Management strategy	Active	Active
Provider	First Trust	Overlay Shares
Benchmark	-	-
N° of holdings	283	559
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 3, 2019	September 25, 2019
ESG	No	No

More AFSM data on Trackinsight

More OVS data on Trackinsight

Exposure

Countries

AFSM

USA

86.67%

Other

13.33%

OVS

USA

97.86%

Other

2.14%

Sectors

AFSM

Information Techn.

16.45%

Industrials

16.3%

Health Care

16.2%

Financials

14.28%

Consumer Discreti.

8.94%

Other

27.83%

OVS

Industrials

16.65%

Financials

15.6%

Information Techn.

13.74%

Consumer Discreti.

13.68%

Health Care

9.87%

Other

30.47%

Diversification

AFSM

Total weight of top 15 holdings out of 15

13.7%

OVS

Total weight of top 15 holdings out of 15

9.17%

Top 15 holdings

Data as of February 28, 2026

AFSM

TTM TECHNOLOGIES

1.31%

BLOOM ENERGY CORP

1.21%

PEABODY ENERGY

1.06%

AMES NATIONAL

1.01%

VIAVI SOLUTIONS INC

0.93%

NLIGHT INC

0.90%

KYG386441037

0.89%

VICOR

0.86%

INTERFACE

0.84%

US71385M1071

0.82%

NATIONAL HEALTHCARE

0.81%

CALEDONIA MINING CORP PLC

0.79%

INTERDIGITAL

0.77%

PHOTRONICS

0.76%

HECLA MINING

0.74%

OVS

US0669224778

1.46%

US83443Q1031

0.79%

MOOG

0.61%

INTERDIGITAL

0.60%

CARETRUST REIT

0.57%

SITIME CORP

0.55%

EASTMAN CHEMICAL

0.54%

LKQ

0.54%

SANMINA CORP

0.54%

PRIMORIS SERVICES

0.51%

JOHN BEAN TECHNOLOGIES

0.51%

ELEMENT SOLUTIONS INC

0.50%

SEMTECH

0.49%

FORMFACTOR

0.48%

ZURN WATER SOLUTIONS CORP

0.48%

Frequently asked questions about AFSM and OVS

How have the AFSM and OVS ETFs performed in 2026?

As of April 9, 2026, AFSM is up 5.93% year-to-date (YTD), while OVS has returned 9.98%. That puts OVS better performer ahead so far this year.

Which ETF is attracting more investor money: AFSM or OVS?

Year-to-date, the AFSM ETF saw +$16M in flows, compared to +$2M for OVS.

Which ETF is more volatile: AFSM or OVS?

Over the past year, AFSM had a volatility of 18.48%, while OVS experienced 20.11%.

Which ETF is bigger: AFSM or OVS?

As of April 9, 2026, AFSM holds $85.17 M in assets under management (AUM), while OVS manages $19.47 M.

What sectors do the AFSM and OVS ETFs invest in?

AFSM leans toward sectors like Information Technology, Industrials and Health Care. Meanwhile, OVS focuses on Industrials, Financials and Information Technology.

AFSMvsOVSETF Comparison

First Trust Active Factor Small Cap ETF

Overlay Shares Small Cap Equity ETF

AFSM vs OVS performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the AFSM and OVS ETFs performed in 2026?

As of April 9, 2026, AFSM is up 5.93% year-to-date (YTD), while OVS has returned 9.98%. That puts OVS better performer ahead so far this year.

Which ETF is attracting more investor money: AFSM or OVS?

Year-to-date, the AFSM ETF saw +$16M in flows, compared to +$2M for OVS.

Which ETF is more volatile: AFSM or OVS?

Over the past year, AFSM had a volatility of 18.48%, while OVS experienced 20.11%.

Which ETF is bigger: AFSM or OVS?

As of April 9, 2026, AFSM holds $85.17 M in assets under management (AUM), while OVS manages $19.47 M.

What sectors do the AFSM and OVS ETFs invest in?

AFSM leans toward sectors like Information Technology, Industrials and Health Care. Meanwhile, OVS focuses on Industrials, Financials and Information Technology.

What are the top holdings of the AFSM ETF and OVS ETF?

AFSM top holdings include TTM TECHNOLOGIES, BLOOM ENERGY CORP and PEABODY ENERGY. OVS holds in its top three: US0669224778, US83443Q1031 and MOOG.

Which ETF is more diversified: AFSM or OVS?

AFSM holds 312 securities with 13.7% of its assets in the top 15. OVS has 604 securities and a top 15 weight of 9.17%.

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