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IVSSvsOVSETF Comparison

ETF 1

IVSS

Applied Finance IVS US SMID ETF

This fund is part of

US Multi-Factor

+1.86%

Full IVSS fund page

VS

ETF 2

OVS

Overlay Shares Small Cap Equity ETF

This fund is part of

Options Strategies

+1.31%

Full OVS fund page

Applied Finance IVS US SMID ETF (IVSS) belongs to the US Multi-Factor segment. Overlay Shares Small Cap Equity ETF (OVS) is part of the Options Strategies segment. IVSS's top 3 sector exposures are Industrials, Information Technology and Financials. In contrast, OVS's top sector exposures are Industrials, Financials and Information Technology. IVSS is less expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.83% for OVS. IVSS is up 12.68% year-to-date (YTD) with +$18M in YTD flows. OVS performs better with 20.26% YTD performance, and +$10M in YTD flows. Run a side-by-side ETF comparison of IVSS 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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IVSS 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 06/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IVSS OVS	+1.10%+3.17%	+8.56%+14.95%	+12.68%+20.26%	n/a+36.71%	n/a+55.31%	n/a+33.22%
Flows	IVSS OVS	+$1M+$7M	+$9M+$8M	+$18M+$10M	-+$11M	-+$16M	-+$20M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IVSS OVS	+15.19%+19.15%	n/a+19.34%	n/a+22.16%	n/a+23.26%
Max drawdown	IVSS OVS	-3.51%-4.19%	n/a-8.59%	n/a-30.33%	n/a-30.41%
Max drawdown duration	IVSS OVS	19d16d	n/a36d	n/a380d	n/a995d

Trading data

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	IVSS	OVS
Last sale 6/12/2026 at 1:30 PM	$29.19	$41.47
Previous close 06/11/2026	$28.93	$41.03
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	IVSS	OVS
Last price	$29.19	$41.47
1D performance	+0.88%	+1.08%
AuM	$25.55 M	$28.72 M
E/R	0.59%	0.83%

Characteristics

	IVSS	OVS
Management strategy	Active	Active
Provider	Applied Finance	Overlay Shares
Benchmark	-	-
N° of holdings	318	557
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 3, 2025	September 25, 2019
ESG	No	No

More IVSS data on Trackinsight

More OVS data on Trackinsight

Exposure

Countries

IVSS

USA

76.3%

Other

23.7%

OVS

USA

97.85%

Other

2.15%

Sectors

IVSS

Industrials

14.18%

Information Techn.

13.05%

Financials

12.01%

Health Care

10.77%

Consumer Discreti.

9.94%

Energy

7.51%

Other

32.54%

OVS

Industrials

15.98%

Financials

15.67%

Information Techn.

14.29%

Consumer Discreti.

12.74%

Health Care

10.06%

Other

31.26%

Diversification

IVSS

Total weight of top 15 holdings out of 15

19.24%

OVS

Total weight of top 15 holdings out of 15

9.38%

Top 15 holdings

Data as of April 30, 2026

IVSS

INTERDIGITAL

2.04%

STERLING INFRASTRUCTURE INC

1.84%

PJT PARTNERS

1.55%

HEALTHEQUITY I/D

1.48%

OTTER TAIL PWR

1.29%

ENSIGN GROUP

1.28%

MERCURY GENERAL

1.28%

SOUTHWEST GAS

1.24%

TANGER FACTORY REIT

1.12%

COEUR MINING INC

1.11%

ACI WORLDWIDE

1.08%

CHART INDUSTRIES

1.01%

LANTHEUS HOLDINGS

1.01%

MAXIMUS

0.98%

KINETIK HOLDINGS INC

0.93%

OVS

US0669224778

1.41%

VIAVI SOLUTIONS INC

0.72%

SANMINA CORP

0.71%

FORMFACTOR

0.63%

MOLINA HLTHCRE

0.60%

PRIMORIS SERVICES

0.58%

SEMTECH

0.58%

ELEMENT SOLUTIONS INC

0.58%

ARGAN

0.55%

VIASAT

0.53%

MATCH GROUP

0.52%

ESCO TECHNOLOGIES

0.50%

LUMEN TECHNOLOGIES INC

0.50%

EASTMAN CHEMICAL

0.50%

GLAUKOS

0.49%

Frequently asked questions about IVSS and OVS

How have the IVSS and OVS ETFs performed in 2026?

As of June 10, 2026, IVSS is up 12.68% year-to-date (YTD), while OVS has returned 20.26%. That puts OVS better performer ahead so far this year.

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

Year-to-date, the IVSS ETF saw +$18M in flows, compared to +$10M for OVS.

Which ETF is bigger: IVSS or OVS?

As of June 10, 2026, IVSS holds $25.55 M in assets under management (AUM), while OVS manages $28.72 M.

What sectors do the IVSS and OVS ETFs invest in?

IVSS leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, OVS focuses on Industrials, Financials and Information Technology.

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

IVSS top holdings include INTERDIGITAL, STERLING INFRASTRUCTURE INC and PJT PARTNERS. OVS holds in its top three: US0669224778, VIAVI SOLUTIONS INC and SANMINA CORP.

IVSSvsOVSETF Comparison

Applied Finance IVS US SMID ETF

Overlay Shares Small Cap Equity ETF

IVSS 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 IVSS and OVS ETFs performed in 2026?

As of June 10, 2026, IVSS is up 12.68% year-to-date (YTD), while OVS has returned 20.26%. That puts OVS better performer ahead so far this year.

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

Year-to-date, the IVSS ETF saw +$18M in flows, compared to +$10M for OVS.

Which ETF is bigger: IVSS or OVS?

As of June 10, 2026, IVSS holds $25.55 M in assets under management (AUM), while OVS manages $28.72 M.

What sectors do the IVSS and OVS ETFs invest in?

IVSS leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, OVS focuses on Industrials, Financials and Information Technology.

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

IVSS top holdings include INTERDIGITAL, STERLING INFRASTRUCTURE INC and PJT PARTNERS. OVS holds in its top three: US0669224778, VIAVI SOLUTIONS INC and SANMINA CORP.

Which ETF is more diversified: IVSS or OVS?

IVSS holds 321 securities with 19.24% of its assets in the top 15. OVS has 605 securities and a top 15 weight of 9.38%.

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