OVSvsSPSMETF Comparison
VS
Overlay Shares Small Cap Equity ETF (OVS) belongs to the Options Strategies segment. State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is part of the US Small Cap segment. Both ETFs have the same top 3 sector exposures: Industrials, Financials and Information Technology. OVS is more expensive with a Total Expense Ratio (TER) of 0.83%, versus 0.03% for SPSM. OVS is up 16.24% year-to-date (YTD) with +$2M in YTD flows. SPSM performs worse with 14.3% YTD performance, and +$445M in YTD flows. Run a side-by-side ETF comparison of OVS and SPSM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
OVS vs SPSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVS SPSM | +14.46%+13.50% | +9.43%+8.24% | +16.24%+14.30% | +44.22%+38.83% | +58.52%+53.35% | +34.36%+34.69% |
| Flows | OVS SPSM | -+$35M | +$2M+$163M | +$2M+$445M | +$4M+$942M | +$9M+$6.03B | +$12M+$8.02B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVS SPSM | +20.04%+18.23% | +19.71%+18.21% | +22.41%+20.59% | +23.33%+21.55% |
| Max drawdown | OVS SPSM | -8.40%-8.68% | -8.59%-8.68% | -30.33%-27.91% | -30.41%-27.91% |
| Max drawdown duration | OVS SPSM | 59d59d | 36d59d | 380d380d | 995d380d |
Trading data
OVS | SPSM | |
Last sale 4/30/2026 at 6:40 PM | $40.03 | $53.45 |
| Previous close 04/29/2026 | $39.28 | $53.36 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
OVS
is actively managed and doesn’t replicate an indexOVS | SPSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 4/30/2026 at 6:40 PM
Live
Closed
OVS | SPSM | |
|---|---|---|
| Last price | $40.03 | $53.45 |
| 1D performance | +1.91% | +0.16% |
| AuM | $20.40 M | $15.36 B |
| E/R | 0.83% | 0.03% |
Characteristics
OVS | SPSM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Overlay Shares | State Street Investment Management |
| Benchmark | - | S&P SmallCap 600 Index |
| N° of holdings | 559 | 559 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | July 8, 2013 |
| ESG | No | No |
Advertisement
Exposure
Countries
OVS
USA
97.78%
Other
2.22%
SPSM
USA
95.92%
Other
4.08%
Sectors
OVS
Industrials
16.26%
Financials
15.9%
Information Techn.
13.18%
Consumer Discreti.
13.15%
Health Care
10.11%
Other
31.4%
SPSM
Industrials
16.29%
Financials
15.89%
Information Techn.
13.19%
Consumer Discreti.
13.16%
Health Care
10.13%
Other
31.34%
Advertisement
Diversification
OVS
Total weight of top 15 holdings out of 15
8.22%
SPSM
Total weight of top 15 holdings out of 15
7.33%
Top 15 holdings
Data as of March 31, 2026
OVS
US0669224778
1.36%
EASTMAN CHEMICAL
0.57%
ELEMENT SOLUTIONS INC
0.51%
PRIMORIS SERVICES
0.50%
VIAVI SOLUTIONS INC
0.50%
ARGAN
0.49%
LKQ
0.49%
FORMFACTOR
0.49%
JACKSON FINANCIAL INC
0.49%
ESCO TECHNOLOGIES
0.48%
MATCH GROUP
0.47%
CELANESE SR
0.47%
SEMTECH
0.46%
ARMSTRONG WORLD INDUSTRIES
0.46%
SANMINA CORP
0.46%
SPSM
EASTMAN CHEMICAL
0.57%
ELEMENT SOLUTIONS INC
0.51%
PRIMORIS SERVICES
0.51%
VIAVI SOLUTIONS INC
0.50%
ARGAN
0.49%
FORMFACTOR
0.49%
LKQ
0.49%
JACKSON FINANCIAL INC
0.49%
ESCO TECHNOLOGIES
0.48%
MATCH GROUP
0.47%
CELANESE SR
0.47%
SEMTECH
0.47%
ARMSTRONG WORLD INDUSTRIES
0.46%
SANMINA CORP
0.46%
SM ENERGY
0.46%
Frequently asked questions about OVS and SPSM
How have the OVS and SPSM ETFs performed in 2026?
As of April 30, 2026, OVS is up 16.24% year-to-date (YTD), while SPSM has returned 14.3%. That puts OVS better performer ahead so far this year.
Which ETF is attracting more investor money: OVS or SPSM?
Year-to-date, the OVS ETF saw +$2M in flows, compared to +$445M for SPSM.
Which ETF is more volatile: OVS or SPSM?
Over the past year, OVS had a volatility of 19.71%, while SPSM experienced 18.21%.
Which ETF is bigger: OVS or SPSM?
As of April 30, 2026, OVS holds $20.40 M in assets under management (AUM), while SPSM manages $15.36 B.
What sectors do the OVS and SPSM ETFs invest in?
OVS leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, SPSM focuses on Industrials, Financials and Information Technology.
What are the top holdings of the OVS ETF and SPSM ETF?
OVS top holdings include US0669224778, EASTMAN CHEMICAL and ELEMENT SOLUTIONS INC. SPSM holds in its top three: EASTMAN CHEMICAL, ELEMENT SOLUTIONS INC and PRIMORIS SERVICES.
Which ETF is more diversified: OVS or SPSM?
OVS holds 604 securities with 8.22% of its assets in the top 15. SPSM has 601 securities and a top 15 weight of 7.33%.
Advertisement
Latest news about OVS & SPSM
Small Caps and Value Stocks Continue to Rally Amid Market Rotation
July 22, 2024
SPSM
Value ETFs Shine Amid Lower-Than-Expected Inflation
July 15, 2024
SPSM
ETF Insights: Top 5 Fund Flows and Segments for June 2023
July 7, 2023
SPSM
Advertisement
Advertisement
