VIOOvsOVSETF Comparison
VS
Vanguard S&P Small-Cap 600 ETF (VIOO) belongs to the US Small Cap segment. Overlay Shares Small Cap Equity ETF (OVS) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Finance, Technology and Industrials. VIOO is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.83% for OVS. VIOO is up 22.28% year-to-date (YTD) with +$407M in YTD flows. OVS performs better with 23.7% YTD performance, and +$16M in YTD flows. Run a side-by-side ETF comparison of VIOO 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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VIOO vs OVS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VIOO OVS | -0.66%-0.98% | +8.12%+7.58% | +22.28%+23.70% | +31.49%+33.73% | +47.31%+51.93% | +45.05%+43.20% |
| Flows | VIOO OVS | +$104M+$4M | +$193M+$13M | +$407M+$16M | +$444M+$16M | +$858M+$22M | +$1.44B+$25M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VIOO OVS | +15.14%+16.41% | +17.38%+18.97% | +20.19%+22.06% | +21.24%+23.07% |
| Max drawdown | VIOO OVS | -4.14%-4.19% | -8.69%-8.59% | -27.93%-30.33% | -27.93%-30.41% |
| Max drawdown duration | VIOO OVS | 16d16d | 59d36d | 380d380d | 380d995d |
Trading data
VIOO | OVS | |
Last sale 7/29/2026 at 1:30 PM | $133.80 | $40.79 |
| Previous close 07/28/2026 | $135.67 | $41.89 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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OVS
is actively managed and doesn’t replicate an indexVIOO | OVS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
VIOO | OVS | |
|---|---|---|
| Last price | $133.80 | $40.79 |
| 1D performance | -1.38% | -2.63% |
| AuM | $4.24 B | $35.16 M |
| E/R | 0.07% | 0.83% |
Characteristics
VIOO | OVS | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Vanguard | Overlay Shares |
| Benchmark | S&P SmallCap 600 Index | - |
| N° of holdings | 603 | 602 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 7, 2010 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
VIOO
USA
97.34%
Other
2.66%
OVS
USA
99.27%
Other
0.73%
Sectors
VIOO
Finance
25.46%
Technology
13.6%
Industrials
12.66%
Healthcare
12.02%
Consumer Cyclical.
7.92%
Other
28.33%
OVS
Finance
25.41%
Technology
13.56%
Industrials
12.65%
Healthcare
12.17%
Consumer Cyclical.
7.92%
Other
28.29%
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Diversification
VIOO
Total weight of top 15 holdings out of 15
8.1%
OVS
Total weight of top 15 holdings out of 15
9.63%
Top 15 holdings
Data as of June 30, 2026
VIOO
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%
Everus Construction Group, Inc.
0.46%
StoneX Group, Inc.
0.45%
Corcept Therapeutics, Inc.
0.45%
Ralliant Corp.
0.45%
Glaukos Corp.
0.44%
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%
Frequently asked questions about VIOO and OVS
How have the VIOO and OVS ETFs performed in 2026?
As of July 28, 2026, VIOO is up 22.28% year-to-date (YTD), while OVS has returned 23.7%. That puts OVS better performer ahead so far this year.
Which ETF is attracting more investor money: VIOO or OVS?
Year-to-date, the VIOO ETF saw +$407M in flows, compared to +$16M for OVS.
Which ETF is more volatile: VIOO or OVS?
Over the past year, VIOO had a volatility of 17.38%, while OVS experienced 18.97%.
Which ETF is bigger: VIOO or OVS?
As of July 28, 2026, VIOO holds $4.24 B in assets under management (AUM), while OVS manages $35.16 M.
What sectors do the VIOO and OVS ETFs invest in?
VIOO leans toward sectors like Finance, Technology and Industrials. Meanwhile, OVS focuses on Finance, Technology and Industrials.
What are the top holdings of the VIOO ETF and OVS ETF?
VIOO top holdings include FormFactor, Inc., ViaSat, Inc. and Molina Healthcare, Inc.. OVS holds in its top three: BlackRock Cash Funds - Treasury, FormFactor, Inc. and ViaSat, Inc..
Which ETF is more diversified: VIOO or OVS?
VIOO holds 605 securities with 8.1% of its assets in the top 15. OVS has 604 securities and a top 15 weight of 9.63%.
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