Liquid StrategiesSmall BlendOVS · Cboe BZX

Overlay Shares Small Cap Equity ETF (OVS)

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Price: $39.28; —25 Sept 2026
Assets: $39.1M; Total net assets
Expense ratio: 0.83%; Category 0.96%
Yield: 8.67%; Trailing distributions

1Y return: 22.5%+5.7%; Category 16.8%
3Y CAGR: 17.2%+1.0%; Category 16.2%
5Y CAGR: 6.4%-0.5%; Category 6.9%

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Overlay Shares Small Cap Equity ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-5.1%	-5.1%	+15.2%	+18.0%	+22.5%	+17.2%	+6.4%	—	+11.4%
Small Blend average	-4.8%	-4.2%	15.3%	14.3%	16.8%	16.2%	6.9%	10.1%	10.6%
Difference	-0.3%	-0.9%	-0.1%	+3.8%	+5.7%	+1.0%	-0.5%	—	+0.8%

Holdings

The 2 largest positions make up 100.1% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
IJR	iShares Core S&P Small-Cap ETF	100.03%
FGXXX	First American Government Obligs X	0.03%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 18.1
P/B: 2.0
P/S: 1.2
P/CF: 9.8

Sector allocation

Share of the equity the fund holds.

Financial services17.8%
Industrials15.3%
Technology14.8%
Consumer discretionary13.4%
Health care11.0%
Real estate7.6%
Energy6.0%
Materials4.6%
Consumer staples4.5%
Communication services3.4%
Utilities1.8%

Asset mix

Stocks99.4%
Cash0.4%
Other0.2%

ETF details

Issuer: Liquid Strategies
Category: Equity · Small Blend
Ticker: OVS
Exchange: Cboe BZX
Inception: 30 Sept 2019 (7.0 years)
Structure: Exchange Traded Fund
Expense ratio: 0.83% (category 0.96%)
Holdings turnover: 6% (category 61%)
Distribution yield: 8.67%
Beta, 3 years: 1.21
Total net assets: $39.1M

Prices and returns as of 25 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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