OVF vs AJAN
Comparison between OVERLAY SHARES FOREIGN EQUITY ETF (OVF, ETF) and Innovator Equity Defined Protection ETF - 2 Yr to January 2026 (AJAN, ETF).
OVF vs AJAN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
OVF
$45M
AJAN
$45M
Expense Ratio
OVF
0.83%
Winner
AJAN
0.79%
Max Drawdown
OVF
33.71%
Winner
AJAN
4.11%
Sharpe Ratio
Winner
OVF
1.17
AJAN
0.34
5Y Beta
OVF
0.89
Winner
AJAN
0.19
5Y Dividends CAGR
OVF
33.60%
AJAN
N/A
OVF vs AJAN - Historical Returns
Returns include dividend reinvestment.
1M
OVF
-2.41%
Winner
AJAN
+0.19%
3M
Winner
OVF
+3.55%
AJAN
+0.90%
6M
Winner
OVF
+8.90%
AJAN
+1.79%
1Y
Winner
OVF
+25.58%
AJAN
+4.70%
5Y(CAGR)
OVF
+9.10%
AJAN
N/A
Max(CAGR)
Winner
OVF
+9.09%
AJAN
+6.23%
OVF vs AJAN - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | OVF | AJAN |
|---|---|---|
| 2026 | +11.62% | +1.86% |
| 2025 | +33.57% | +6.12% |
| 2024 | +7.82% | +7.78% |
| 2023 | +14.66% | N/A |
| 2022 | -17.51% | N/A |
| 2021 | +9.23% | N/A |
| 2020 | +2.11% | N/A |
| 2019 | +5.80% | N/A |
OVF vs AJAN Drawdown Comparison
The maximum drawdown for OVF was -30.06%, occurring on Oct 14, 2022. Recovery took 676 trading sessions.
The maximum drawdown for AJAN was -4.11%, occurring on Apr 8, 2025. Recovery took 56 trading sessions.
The current OVF drawdown is -2.41%. The current AJAN drawdown is -0.27%.
| Rank | OVF | AJAN |
|---|---|---|
| #1 | -30.06% Sep 3, 2021 - May 14, 2024 | -4.11% Feb 20, 2025 - May 12, 2025 |
| #2 | -29.60% Jan 17, 2020 - Dec 29, 2020 | -2.24% Feb 25, 2026 - Apr 15, 2026 |
| #3 | -15.88% Sep 26, 2024 - May 5, 2025 | -1.57% Mar 28, 2024 - May 14, 2024 |
| #4 | -11.63% Feb 25, 2026 - May 6, 2026 | -0.95% Sep 20, 2024 - Sep 24, 2024 |
| #5 | -8.91% Jul 12, 2024 - Aug 23, 2024 | -0.90% Jul 15, 2024 - Aug 14, 2024 |
| #6 | -5.94% Nov 12, 2025 - Dec 10, 2025 | -0.87% Jan 6, 2025 - Jan 15, 2025 |
| #7 | -5.43% Feb 16, 2021 - Apr 15, 2021 | -0.84% May 28, 2026 - Jun 15, 2026 |
| #8 | -5.35% Jun 2, 2026 - Jun 18, 2026 | -0.67% Sep 27, 2024 - Nov 6, 2024 |
| #9 | -4.70% Jul 23, 2025 - Aug 13, 2025 | -0.65% Feb 12, 2024 - Feb 23, 2024 |
| #10 | -4.48% Aug 30, 2024 - Sep 19, 2024 | -0.61% Jun 15, 2026 - Jul 10, 2026 |
| #11 | -4.13% Jun 18, 2026 - Jul 20, 2026 | -0.57% Dec 4, 2024 - Jan 6, 2025 |
| #12 | -4.03% Oct 6, 2025 - Oct 20, 2025 | -0.54% Aug 30, 2024 - Sep 11, 2024 |
| #13 | -3.25% May 6, 2026 - May 26, 2026 | -0.53% May 16, 2025 - May 30, 2025 |
| #14 | -3.14% Jan 26, 2021 - Feb 9, 2021 | -0.48% Mar 1, 2024 - Mar 7, 2024 |
| #15 | -3.09% May 7, 2021 - May 24, 2021 | -0.46% Jan 12, 2024 - Jan 19, 2024 |
Correlation
Correlation between OVF and AJAN is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
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