OVL vs ERC

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

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

OVL vs ERC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

OVL

$276M

ERC

$276M

Expense Ratio

OVL

0.79%

ERC

N/A

Max Drawdown

Winner

OVL

35.49%

ERC

61.26%

Sharpe Ratio

Winner

OVL

1.59

ERC

0.22

5Y Beta

OVL

1.11

Winner

ERC

0.29

5Y Dividends CAGR

Winner

OVL

28.91%

ERC

-4.92%

OVL vs ERC - Historical Returns

Returns include dividend reinvestment.

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

Winner

OVL

+0.09%

ERC

-0.52%

Winner

OVL

+12.49%

ERC

+1.85%

Winner

OVL

+11.22%

ERC

+0.04%

Winner

OVL

+28.63%

ERC

+5.00%

5Y(CAGR)

Winner

OVL

+13.69%

ERC

+1.91%

10Y(CAGR)

OVL

N/A

ERC

+6.25%

Max(CAGR)

Winner

OVL

+17.44%

ERC

+6.31%

OVL vs ERC - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

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

OVL vs ERC Drawdown Comparison

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

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

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

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

Correlation

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

0.84

-101

Dividend Comparison (2003 - 2026)

OVL vs ERC dividend yield comparison.

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