OVSvsFYXETF Comparison
VS
Overlay Shares Small Cap Equity ETF (OVS) belongs to the Options Strategies segment. First Trust Small Cap Core AlphaDEX Fund ETF (FYX) is part of the US Multi-Factor segment. OVS's top 3 sector exposures are Finance, Technology and Industrials. In contrast, FYX's top sector exposures are Finance, Healthcare and Technology. OVS is more expensive with a Total Expense Ratio (TER) of 0.83%, versus 0.58% for FYX. OVS is up 23.14% year-to-date (YTD) with +$16M in YTD flows. FYX performs better with 26.39% YTD performance, and +$182M in YTD flows. Run a side-by-side ETF comparison of OVS and FYX 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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OVS vs FYX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVS FYX | -2.17%-1.34% | +5.94%+7.66% | +23.14%+26.39% | +34.61%+44.96% | +49.91%+66.39% | +41.16%+64.99% |
| Flows | OVS FYX | +$4M+$24M | +$13M+$77M | +$16M+$182M | +$16M+$170M | +$22M+$42M | +$25M+$35M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVS FYX | +16.54%+15.20% | +19.08%+17.91% | +22.07%+20.63% | +23.08%+22.04% |
| Max drawdown | OVS FYX | -4.19%-4.58% | -8.59%-7.56% | -30.33%-28.15% | -30.41%-28.15% |
| Max drawdown duration | OVS FYX | 16d19d | 36d31d | 380d296d | 995d296d |
Trading data
OVS | FYX | |
Last sale 7/31/2026 at 1:30 PM | $41.34 | $141.84 |
| Previous close 07/30/2026 | $41.31 | $142.67 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 30, 2026
1-year trailing difference
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OVS
is actively managed and doesn’t replicate an indexOVS | FYX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
OVS | FYX | |
|---|---|---|
| Last price | $41.34 | $141.84 |
| 1D performance | +0.06% | -0.58% |
| AuM | $34.69 M | $1.37 B |
| E/R | 0.83% | 0.58% |
Characteristics
OVS | FYX | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Overlay Shares | First Trust |
| Benchmark | - | NASDAQ AlphaDEX Small Cap Core Index |
| N° of holdings | 602 | 516 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
OVS
USA
99.27%
Other
0.73%
FYX
USA
95.57%
Other
4.43%
Sectors
OVS
Finance
25.41%
Technology
13.56%
Industrials
12.65%
Healthcare
12.17%
Consumer Cyclical.
7.92%
Other
28.29%
FYX
Finance
27.04%
Healthcare
14.4%
Technology
10.75%
Industrials
9.25%
Consumer Cyclical.
9.24%
Consumer Non-Cycl.
7.71%
Other
21.61%
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Diversification
OVS
Total weight of top 15 holdings out of 15
9.63%
FYX
Total weight of top 15 holdings out of 15
7.54%
Top 15 holdings
Data as of June 30, 2026
OVS
BlackRock Cash Funds - Treasury
1.96%
FormFactor, Inc.
0.67%
ViaSat, Inc.
0.66%
Molina Healthcare, Inc.
0.64%
Argan, Inc.
0.60%
BrightSpring Health Services, Inc.
0.60%
Element Solutions, Inc.
0.59%
MaxLinear, Inc.
0.58%
Krystal Biotech, Inc.
0.53%
ESCO Technologies, Inc.
0.49%
Match Group, Inc.
0.48%
Alkermes Plc
0.47%
Everus Construction Group, Inc.
0.46%
StoneX Group, Inc.
0.45%
Corcept Therapeutics, Inc.
0.45%
FYX
MaxLinear, Inc.
1.03%
Liquidia Corp.
0.56%
T1 Energy, Inc.
0.55%
Garrett Motion, Inc.
0.49%
The GEO Group, Inc.
0.48%
Relay Therapeutics, Inc.
0.47%
ACM Research, Inc.
0.47%
Twist Bioscience Corp.
0.46%
Sezzle, Inc.
0.44%
Applied Optoelectronics, Inc.
0.44%
Iridium Communications, Inc.
0.43%
MYR Group, Inc.
0.43%
Bel Fuse, Inc.
0.43%
PDF Solutions, Inc.
0.43%
CoreCivic, Inc.
0.43%
Frequently asked questions about OVS and FYX
How have the OVS and FYX ETFs performed in 2026?
As of July 30, 2026, OVS is up 23.14% year-to-date (YTD), while FYX has returned 26.39%. That puts FYX better performer ahead so far this year.
Which ETF is attracting more investor money: OVS or FYX?
Year-to-date, the OVS ETF saw +$16M in flows, compared to +$182M for FYX.
Which ETF is more volatile: OVS or FYX?
Over the past year, OVS had a volatility of 19.08%, while FYX experienced 17.91%.
Which ETF is bigger: OVS or FYX?
As of July 30, 2026, OVS holds $34.69 M in assets under management (AUM), while FYX manages $1.37 B.
What sectors do the OVS and FYX ETFs invest in?
OVS leans toward sectors like Finance, Technology and Industrials. Meanwhile, FYX focuses on Finance, Healthcare and Technology.
What are the top holdings of the OVS ETF and FYX ETF?
OVS top holdings include BlackRock Cash Funds - Treasury, FormFactor, Inc. and ViaSat, Inc.. FYX holds in its top three: MaxLinear, Inc., Liquidia Corp. and T1 Energy, Inc..
Which ETF is more diversified: OVS or FYX?
OVS holds 604 securities with 9.63% of its assets in the top 15. FYX has 516 securities and a top 15 weight of 7.54%.
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