OVL vs UAE

Comparison between OVERLAY SHARES LARGE CAP EQUITY ETF (OVL, ETF) and ISHARES MSCI UAE ETF (UAE, ETF).

5-Year PerformanceOVL has outperformed UAE, delivering a return of +13.2% compared to +10.4%

OVL vs UAE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OVL(ETF)	UAE(ETF)
Net Assets	$308M	$309M
Expense Ratio	0.79%	0.59%
Max Drawdown	35.49%	68.26%
Sharpe Ratio	1.25	-0.11
5Y Beta	1.11	0.67
5Y Dividends CAGR	32.24%	6.32%

Net Assets

OVL

$308M

Winner

UAE

$309M

Expense Ratio

OVL

0.79%

Winner

UAE

0.59%

Max Drawdown

Winner

OVL

35.49%

UAE

68.26%

Sharpe Ratio

Winner

OVL

1.25

UAE

-0.11

5Y Beta

OVL

1.11

Winner

UAE

0.67

5Y Dividends CAGR

Winner

OVL

32.24%

UAE

6.32%

OVL vs UAE - Historical Returns

Returns include dividend reinvestment.

Period	OVL	UAE
1 month	+0.31%	-5.46%
3 months	+6.39%	+0.06%
6 months	+11.20%	-3.83%
1 year	+23.29%	-0.94%
5 years(CAGR)	+13.22%	+10.44%
10 years(CAGR)	N/A	+5.17%
Max(CAGR)	+17.31%	+1.66%

Winner

OVL

+0.31%

UAE

-5.46%

Winner

OVL

+6.39%

UAE

+0.06%

Winner

OVL

+11.20%

UAE

-3.83%

Winner

OVL

+23.29%

UAE

-0.94%

5Y(CAGR)

Winner

OVL

+13.22%

UAE

+10.44%

10Y(CAGR)

OVL

N/A

UAE

+5.17%

Max(CAGR)

Winner

OVL

+17.31%

UAE

+1.66%

OVL vs UAE - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	OVL	UAE
2026	+11.57%	+1.60%
2025	+18.52%	+22.17%
2024	+28.94%	+15.42%
2023	+28.57%	+1.82%
2022	-23.37%	-7.21%
2021	+34.48%	+42.05%
2020	+18.56%	-7.81%
2019	+10.84%	-1.30%
2018	N/A	-15.13%
2017	N/A	+1.84%
2016	N/A	+12.76%
2015	N/A	-13.32%
2014	N/A	-22.36%

OVL vs UAE Drawdown Comparison

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

The maximum drawdown for UAE was -60.51%, occurring on Mar 18, 2020. Recovery took 1968 trading sessions.

The current OVL drawdown is -2.07%. The current UAE drawdown is -12.18%.

Rank	OVL	UAE
#1	-35.49% Feb 19, 2020 - Aug 6, 2020	-60.51% Jun 6, 2014 - Mar 30, 2022
#2	-29.24% Jan 3, 2022 - Jan 19, 2024	-27.43% Apr 4, 2022 - Feb 11, 2025
#3	-21.69% Feb 19, 2025 - Jul 3, 2025	-21.50% Feb 18, 2026 - Mar 20, 2026
#4	-10.29% Sep 2, 2020 - Nov 13, 2020	-11.93% Feb 20, 2025 - Apr 29, 2025
#5	-10.10% Jul 16, 2024 - Sep 19, 2024	-10.19% May 5, 2014 - Jun 2, 2014
#6	-8.73% Jan 28, 2026 - Apr 14, 2026	-9.12% Jul 25, 2025 - Jan 21, 2026
#7	-7.39% Mar 28, 2024 - May 15, 2024	-6.46% Jun 10, 2025 - Jun 24, 2025
#8	-6.38% Oct 29, 2025 - Dec 10, 2025	-2.23% Jun 2, 2014 - Jun 6, 2014
#9	-6.28% Sep 3, 2021 - Oct 21, 2021	-1.39% May 20, 2025 - Jun 10, 2025
#10	-5.47% Dec 6, 2024 - Jan 23, 2025	-1.27% Jul 17, 2025 - Jul 23, 2025
#11	-5.24% Jun 2, 2026 - Jun 10, 2026	-1.25% Jan 28, 2026 - Feb 2, 2026
#12	-4.72% Feb 17, 2021 - Mar 11, 2021	-1.09% May 13, 2025 - May 16, 2025
#13	-4.25% Jan 17, 2020 - Feb 6, 2020	-1.02% Jan 22, 2026 - Jan 27, 2026
#14	-4.15% May 7, 2021 - Jun 4, 2021	-0.98% May 6, 2025 - May 13, 2025
#15	-3.98% Jan 21, 2021 - Feb 4, 2021	-0.96% Feb 11, 2025 - Feb 20, 2025

Correlation

Correlation between OVL and UAE is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (2014 - 2026)

OVL vs UAE dividend yield comparison.

Year	OVL	UAE
2026	5.00%	3.51%
2025	2.99%	4.10%
2024	3.10%	3.32%
2023	3.33%	3.25%
2022	3.85%	2.67%
2021	3.63%	4.88%
2020	2.43%	4.75%
2019	0.50%	3.54%
2018	0.00%	5.56%
2017	0.00%	3.39%
2016	0.00%	4.74%
2015	0.00%	3.77%
2014	0.00%	2.58%