NPV vs OVL

Comparison between Nuveen Virginia Quality Municipal Income Fund (NPV, ETF) and OVERLAY SHARES LARGE CAP EQUITY ETF (OVL, ETF).

5-Year PerformanceOVL has outperformed NPV, delivering a return of +13.7% compared to -1.5%

NPV vs OVL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NPV(ETF)	OVL(ETF)
Net Assets	$222M	$221M
Expense Ratio	N/A	0.79%
Max Drawdown	52.73%	35.49%
Sharpe Ratio	0.99	1.65
5Y Beta	0.07	1.12
5Y Dividends CAGR	8.67%	28.91%

Net Assets

Winner

NPV

$222M

OVL

$221M

Expense Ratio

NPV

N/A

OVL

0.79%

Max Drawdown

NPV

52.73%

Winner

OVL

35.49%

Sharpe Ratio

NPV

0.99

Winner

OVL

1.65

5Y Beta

Winner

NPV

0.07

OVL

1.12

5Y Dividends CAGR

NPV

8.67%

Winner

OVL

28.91%

NPV vs OVL - Historical Returns

Returns include dividend reinvestment.

Period	NPV	OVL
1 month	+0.84%	+1.74%
3 months	+0.75%	+9.29%
6 months	+5.58%	+10.03%
1 year	+10.85%	+30.63%
5 years(CAGR)	-1.46%	+13.68%
10 years(CAGR)	+2.36%	N/A
Max(CAGR)	+4.02%	+17.41%

NPV

+0.84%

Winner

OVL

+1.74%

NPV

+0.75%

Winner

OVL

+9.29%

NPV

+5.58%

Winner

OVL

+10.03%

NPV

+10.85%

Winner

OVL

+30.63%

5Y(CAGR)

NPV

-1.46%

Winner

OVL

+13.68%

10Y(CAGR)

NPV

+2.36%

OVL

N/A

Max(CAGR)

NPV

+4.02%

Winner

OVL

+17.41%

NPV vs OVL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NPV	OVL
2026	+6.67%	+9.97%
2025	-6.00%	+18.52%
2024	+24.72%	+28.94%
2023	-1.53%	+28.57%
2022	-30.61%	-23.37%
2021	+10.87%	+34.48%
2020	+14.18%	+18.56%
2019	+27.87%	+10.84%
2018	-4.56%	N/A
2017	+3.28%	N/A
2016	-0.03%	N/A
2015	+9.28%	N/A
2014	+17.11%	N/A
2013	-20.91%	N/A
2012	+5.25%	N/A
2011	+11.93%	N/A
2010	+3.16%	N/A
2009	+35.31%	N/A
2008	-11.84%	N/A
2007	-7.20%	N/A
2006	-1.23%	N/A
2005	-4.05%	N/A
2004	+6.54%	N/A
2003	+4.52%	N/A
2002	+18.83%	N/A
2001	+7.94%	N/A
2000	+22.39%	N/A
1999	-14.72%	N/A

NPV vs OVL Drawdown Comparison

The maximum drawdown for NPV was -44.23%, occurring on Oct 27, 2023. This drawdown has not yet recovered.

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

The current NPV drawdown is -15.57%. The current OVL drawdown is -3.47%.

Rank	NPV	OVL
#1	-44.23% Dec 22, 2021 - Oct 27, 2023	-35.49% Feb 19, 2020 - Aug 6, 2020
#2	-41.74% Feb 12, 2007 - Jul 28, 2009	-29.24% Jan 3, 2022 - Jan 19, 2024
#3	-28.66% Jul 17, 2012 - Mar 10, 2016	-21.69% Feb 19, 2025 - Jul 3, 2025
#4	-25.55% Feb 24, 2020 - Jul 6, 2020	-10.29% Sep 2, 2020 - Nov 13, 2020
#5	-23.27% Jan 26, 2004 - Nov 4, 2004	-10.10% Jul 16, 2024 - Sep 19, 2024
#6	-19.13% Oct 12, 2010 - Jan 23, 2012	-8.73% Jan 28, 2026 - Apr 14, 2026
#7	-16.53% Sep 7, 2016 - Jul 31, 2019	-7.39% Mar 28, 2024 - May 15, 2024
#8	-16.44% Oct 12, 2005 - Feb 9, 2007	-6.38% Oct 29, 2025 - Dec 10, 2025
#9	-15.46% Nov 2, 1999 - Aug 28, 2000	-6.28% Sep 3, 2021 - Oct 21, 2021
#10	-11.70% Jun 18, 2003 - Jan 12, 2004	-5.47% Dec 6, 2024 - Jan 23, 2025
#11	-9.96% Feb 14, 2005 - May 24, 2005	-4.72% Feb 17, 2021 - Mar 11, 2021
#12	-9.94% Aug 31, 2021 - Dec 22, 2021	-4.25% Jan 17, 2020 - Feb 6, 2020
#13	-8.98% Aug 20, 2002 - Dec 31, 2002	-4.15% May 7, 2021 - Jun 4, 2021
#14	-8.92% Aug 6, 2001 - Jun 13, 2002	-3.98% Jan 21, 2021 - Feb 4, 2021
#15	-8.62% Oct 30, 2009 - Mar 26, 2010	-3.82% Nov 18, 2021 - Dec 8, 2021

Correlation

Correlation between NPV and OVL is 0.16 which considered as a very weak or no correlation - the stocks move independently of each other.

0.16

-101

Dividend Comparison (2000 - 2026)

NPV vs OVL dividend yield comparison.

Year	NPV	OVL
2026	2.82%	4.17%
2025	7.55%	2.99%
2024	5.63%	3.10%
2023	3.89%	3.33%
2022	5.08%	3.85%
2021	3.42%	3.63%
2020	3.49%	2.43%
2019	3.58%	0.50%
2018	4.62%	0.00%
2017	4.40%	0.00%
2016	4.87%	0.00%
2015	5.25%	0.00%
2014	5.73%	0.00%
2013	6.15%	0.00%
2012	4.35%	0.00%
2011	4.93%	0.00%
2010	5.47%	0.00%
2009	4.57%	0.00%
2008	6.13%	0.00%
2007	5.58%	0.00%
2006	5.00%	0.00%
2005	6.85%	0.00%
2004	5.19%	0.00%
2003	5.29%	0.00%
2002	5.05%	0.00%
2001	5.32%	0.00%
2000	2.20%	0.00%