OVF vs EDZ

Comparison between OVERLAY SHARES FOREIGN EQUITY ETF (OVF, ETF) and DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES (EDZ, ETF).

5-Year PerformanceOVF has outperformed EDZ, delivering a return of +8.7% compared to -22.0%

OVF vs EDZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OVF(ETF)	EDZ(ETF)
Net Assets	$37M	$37M
Expense Ratio	0.83%	N/A
Max Drawdown	33.71%	99.99%
Sharpe Ratio	1.26	-1.61
5Y Beta	0.87	-1.88
5Y Dividends CAGR	31.33%	24.72%

Net Assets

Winner

OVF

$37M

EDZ

$37M

Expense Ratio

OVF

0.83%

EDZ

N/A

Max Drawdown

Winner

OVF

33.71%

EDZ

99.99%

Sharpe Ratio

Winner

OVF

1.26

EDZ

-1.61

5Y Beta

OVF

0.87

Winner

EDZ

-1.88

5Y Dividends CAGR

Winner

OVF

31.33%

EDZ

24.72%

OVF vs EDZ - Holdings Comparison

OVF and EDZ have 0 common holdings. Overlap is 0.00%

OVF's top 25 holdings weight is 100.01%. EDZ's top 25 holdings weight is 75.57%.

Rank	OVF	EDZ
#1	ISHARES CORE MSCI EAFE ETF (IEFA) - 79.68%	GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 75.57%
#2	ISHARES CORE MSCI EMERGING MARKETS ETF (IEMG) - 20.27%	N/A
#3	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.04%	N/A
#4	ISHARES MSCI EAFE MIN VOL FACTOR ETF (EFAV) - 0.02%	N/A
#5	N/A	N/A
#6	N/A	N/A
#7	N/A	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	4	1

OVF vs EDZ - Historical Returns

Returns include dividend reinvestment.

Period	OVF	EDZ
1 month	-0.62%	-1.75%
3 months	+5.18%	-36.75%
6 months	+12.54%	-49.47%
1 year	+26.96%	-68.75%
5 years(CAGR)	+8.71%	-21.99%
10 years(CAGR)	N/A	-35.23%
Max(CAGR)	+8.86%	-40.32%

Winner

OVF

-0.62%

EDZ

-1.75%

Winner

OVF

+5.18%

EDZ

-36.75%

Winner

OVF

+12.54%

EDZ

-49.47%

Winner

OVF

+26.96%

EDZ

-68.75%

5Y(CAGR)

Winner

OVF

+8.71%

EDZ

-21.99%

10Y(CAGR)

OVF

N/A

EDZ

-35.23%

Max(CAGR)

Winner

OVF

+8.86%

EDZ

-40.32%

OVF vs EDZ - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	OVF	EDZ
2026	+8.86%	-43.02%
2025	+33.57%	-59.66%
2024	+7.82%	-16.21%
2023	+14.66%	-17.83%
2022	-17.51%	+52.78%
2021	+9.23%	-6.91%
2020	+2.11%	-66.72%
2019	+5.80%	-42.69%
2018	N/A	+41.14%
2017	N/A	-62.75%
2016	N/A	-50.12%
2015	N/A	+20.96%
2014	N/A	-15.48%
2013	N/A	-5.95%
2012	N/A	-49.67%
2011	N/A	-0.20%
2010	N/A	-55.21%
2009	N/A	-91.17%
2008	N/A	-4.29%

OVF vs EDZ Drawdown Comparison

The maximum drawdown for OVF was -30.06%, occurring on Oct 14, 2022. Recovery took 676 trading sessions.

The maximum drawdown for EDZ was -99.99%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current OVF drawdown is -4.72%. The current EDZ drawdown is -99.99%.

Rank	OVF	EDZ
#1	-30.06% Sep 3, 2021 - May 14, 2024	-99.99% Mar 2, 2009 - Jun 2, 2026
#2	-29.60% Jan 17, 2020 - Dec 29, 2020	-41.31% Jan 20, 2009 - Mar 2, 2009
#3	-15.88% Sep 26, 2024 - May 5, 2025	-27.71% Dec 30, 2008 - Jan 12, 2009
#4	-11.63% Feb 25, 2026 - May 6, 2026	-7.31% Jan 14, 2009 - Jan 20, 2009
#5	-8.91% Jul 12, 2024 - Aug 23, 2024	-1.62% Jan 12, 2009 - Jan 14, 2009
#6	-5.94% Nov 12, 2025 - Dec 10, 2025	N/A
#7	-5.43% Feb 16, 2021 - Apr 15, 2021	N/A
#8	-4.72% Jun 2, 2026 - Jun 5, 2026	N/A
#9	-4.70% Jul 23, 2025 - Aug 13, 2025	N/A
#10	-4.48% Aug 30, 2024 - Sep 19, 2024	N/A
#11	-4.03% Oct 6, 2025 - Oct 20, 2025	N/A
#12	-3.25% May 6, 2026 - May 26, 2026	N/A
#13	-3.14% Jan 26, 2021 - Feb 9, 2021	N/A
#14	-3.09% May 7, 2021 - May 24, 2021	N/A
#15	-2.73% Oct 27, 2025 - Nov 12, 2025	N/A

Correlation

Correlation between OVF and EDZ is -0.63 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.63

-101