ERC vs OVL

Comparison between Allspring Multi-Sector Income Fund (ERC, ETF) and OVERLAY SHARES LARGE CAP EQUITY ETF (OVL, ETF).

5-Year PerformanceOVL has outperformed ERC, delivering a return of +13.7% compared to +1.9%

ERC vs OVL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ERC(ETF)	OVL(ETF)
Net Assets	$276M	$276M
Expense Ratio	N/A	0.79%
Max Drawdown	61.26%	35.49%
Sharpe Ratio	0.22	1.59
5Y Beta	0.29	1.11
5Y Dividends CAGR	-4.92%	28.91%

Net Assets

ERC

$276M

OVL

$276M

Expense Ratio

ERC

N/A

OVL

0.79%

Max Drawdown

ERC

61.26%

Winner

OVL

35.49%

Sharpe Ratio

ERC

0.22

Winner

OVL

1.59

5Y Beta

Winner

ERC

0.29

OVL

1.11

5Y Dividends CAGR

ERC

-4.92%

Winner

OVL

28.91%

ERC vs OVL - Historical Returns

Returns include dividend reinvestment.

Period	ERC	OVL
1 month	-0.52%	+0.09%
3 months	+1.85%	+12.49%
6 months	+0.04%	+11.22%
1 year	+5.00%	+28.63%
5 years(CAGR)	+1.91%	+13.69%
10 years(CAGR)	+6.25%	N/A
Max(CAGR)	+6.31%	+17.44%

ERC

-0.52%

Winner

OVL

+0.09%

ERC

+1.85%

Winner

OVL

+12.49%

ERC

+0.04%

Winner

OVL

+11.22%

ERC

+5.00%

Winner

OVL

+28.63%

5Y(CAGR)

ERC

+1.91%

Winner

OVL

+13.69%

10Y(CAGR)

ERC

+6.25%

OVL

N/A

Max(CAGR)

ERC

+6.31%

Winner

OVL

+17.44%

ERC vs OVL - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	ERC	OVL
2026	+0.69%	+10.50%
2025	+11.57%	+18.52%
2024	+6.22%	+28.94%
2023	+4.86%	+28.57%
2022	-16.89%	-23.37%
2021	+19.00%	+34.48%
2020	+4.50%	+18.56%
2019	+27.12%	+10.84%
2018	-4.31%	N/A
2017	+11.37%	N/A
2016	+22.86%	N/A
2015	-6.98%	N/A
2014	+4.97%	N/A
2013	-7.17%	N/A
2012	+19.05%	N/A
2011	+4.26%	N/A
2010	+17.22%	N/A
2009	+46.85%	N/A
2008	-20.91%	N/A
2007	-1.03%	N/A
2006	+16.47%	N/A
2005	-7.05%	N/A
2004	+7.02%	N/A
2003	-3.51%	N/A

ERC vs OVL Drawdown Comparison

The maximum drawdown for ERC was -47.40%, occurring on Oct 10, 2008. Recovery took 558 trading sessions.

The maximum drawdown for OVL was -35.49%, occurring on Mar 20, 2020. Recovery took 118 trading sessions.

The current ERC drawdown is -2.32%. The current OVL drawdown is -3.01%.

Rank	ERC	OVL
#1	-47.40% May 7, 2007 - Jul 23, 2009	-35.49% Feb 19, 2020 - Aug 6, 2020
#2	-41.26% Feb 20, 2020 - Jan 7, 2021	-29.24% Jan 3, 2022 - Jan 19, 2024
#3	-33.58% Sep 27, 2021 - Sep 16, 2025	-21.69% Feb 19, 2025 - Jul 3, 2025
#4	-18.40% Apr 26, 2013 - Apr 29, 2016	-10.29% Sep 2, 2020 - Nov 13, 2020
#5	-13.99% Apr 16, 2018 - Feb 1, 2019	-10.10% Jul 16, 2024 - Sep 19, 2024
#6	-12.99% Feb 10, 2004 - Oct 8, 2004	-8.73% Jan 28, 2026 - Apr 14, 2026
#7	-11.66% Jun 27, 2003 - Jan 9, 2004	-7.39% Mar 28, 2024 - May 15, 2024
#8	-11.24% May 4, 2010 - Jul 23, 2010	-6.38% Oct 29, 2025 - Dec 10, 2025
#9	-10.46% Jul 21, 2011 - Jan 19, 2012	-6.28% Sep 3, 2021 - Oct 21, 2021
#10	-10.39% Dec 8, 2004 - Aug 8, 2006	-5.47% Dec 6, 2024 - Jan 23, 2025
#11	-9.75% Nov 8, 2010 - Jul 15, 2011	-5.24% Jun 2, 2026 - Jun 10, 2026
#12	-8.57% Oct 25, 2012 - Jan 17, 2013	-4.72% Feb 17, 2021 - Mar 11, 2021
#13	-7.89% Sep 7, 2016 - Dec 28, 2016	-4.25% Jan 17, 2020 - Feb 6, 2020
#14	-6.87% Feb 18, 2026 - Mar 30, 2026	-4.15% May 7, 2021 - Jun 4, 2021
#15	-5.09% Jan 19, 2010 - Feb 25, 2010	-3.98% Jan 21, 2021 - Feb 4, 2021

Correlation

Correlation between ERC and OVL is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2003 - 2026)

ERC vs OVL dividend yield comparison.

Year	ERC	OVL
2026	4.87%	4.15%
2025	9.34%	2.99%
2024	8.65%	3.10%
2023	8.44%	3.33%
2022	10.71%	3.85%
2021	8.51%	3.63%
2020	9.50%	2.43%
2019	9.35%	0.50%
2018	11.56%	0.00%
2017	9.66%	0.00%
2016	8.80%	0.00%
2015	13.67%	0.00%
2014	8.78%	0.00%
2013	8.53%	0.00%
2012	7.42%	0.00%
2011	8.23%	0.00%
2010	8.48%	0.00%
2009	9.17%	0.00%
2008	23.72%	0.00%
2007	8.27%	0.00%
2006	8.19%	0.00%
2005	9.18%	0.00%
2004	8.54%	0.00%
2003	3.83%	0.00%