OVLH vs AFSM

Comparison between OVERLAY SHARES HEDGED LARGE CAP EQUITY ETF (OVLH, ETF) and FIRST TRUST ACTIVE FACTOR SMALL CAP ETF (AFSM, ETF).

5-Year PerformanceAFSM has outperformed OVLH, delivering a return of +10.0% compared to +8.4%

OVLH vs AFSM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OVLH(ETF)	AFSM(ETF)
Net Assets	$116M	$115M
Expense Ratio	0.80%	0.75%
Max Drawdown	21.00%	43.54%
Sharpe Ratio	0.92	1.51
5Y Beta	0.56	1.02
P/E Ratio	N/A	18.52
Forward P/E	N/A	13.04
5Y Dividends CAGR	N/A	17.16%
5Y EPS CAGR	N/A	11.46%
Debt to Equity	N/A	17.08%
P/S Ratio	N/A	1.18
P/B Ratio	N/A	2.23

Net Assets

Winner

OVLH

$116M

AFSM

$115M

Expense Ratio

OVLH

0.80%

Winner

AFSM

0.75%

Max Drawdown

Winner

OVLH

21.00%

AFSM

43.54%

Sharpe Ratio

OVLH

0.92

Winner

AFSM

1.51

5Y Beta

Winner

OVLH

0.56

AFSM

1.02

P/E Ratio

OVLH

N/A

AFSM

18.52

Forward P/E

OVLH

N/A

AFSM

13.04

5Y Dividends CAGR

OVLH

N/A

AFSM

17.16%

5Y EPS CAGR

OVLH

N/A

AFSM

11.46%

Debt to Equity

OVLH

N/A

AFSM

17.08%

P/S Ratio

OVLH

N/A

AFSM

1.18

P/B Ratio

OVLH

N/A

AFSM

2.23

OVLH vs AFSM - Holdings Comparison

OVLH and AFSM have 0 common holdings. Overlap is 0.00%

OVLH's top 25 holdings weight is 98.56%. AFSM's top 25 holdings weight is 16.93%.

Rank	OVLH	AFSM
#1	VANGUARD S&P 500 ETF (VOO) - 98.24%	PAR PACIFIC HOLDINGS INC (PARR) - 1.01%
#2	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.32%	PENGUIN SOLUTIONS INC (PENG) - 0.98%
#3	N/A	NATIONAL HEALTHCARE CORP (NHC) - 0.98%
#4	N/A	BLUE BIRD CORP (BLBD) - 0.94%
#5	N/A	MATSON INC (MATX) - 0.81%
#6	N/A	AMES NATIONAL CORP (ATLO) - 0.77%
#7	N/A	LIQUIDIA CORP ORDINARY SHARES (LQDA) - 0.74%
#8	N/A	TRUSTCO BANK CORP N Y (TRST) - 0.71%
#9	N/A	KULICKE & SOFFA INDUSTRIES INC (KLIC) - 0.71%
#10	N/A	RIGEL PHARMACEUTICALS INC (RIGL) - 0.68%
#11	N/A	NLIGHT INC (LASR) - 0.66%
#12	N/A	CARPENTER TECHNOLOGY CORP (CRS) - 0.66%
#13	N/A	ETON PHARMACEUTICALS INC (ETON) - 0.65%
#14	N/A	n/a (SPHR) - 0.64%
#15	N/A	APPLE HOSPITALITY REIT INC (APLE) - 0.64%
#16	N/A	GARRETT MOTION INC ORDINARY SHARES NEW (GTX) - 0.62%
#17	N/A	INTERFACE INC (TILE) - 0.62%
#18	N/A	CATHAY GENERAL BANCORP (CATY) - 0.61%
#19	N/A	MERCURY GENERAL CORP (MCY) - 0.61%
#20	N/A	KRYSTAL BIOTECH INC (KRYS) - 0.60%
#21	N/A	KENNAMETAL INC (KMT) - 0.47%
#22	N/A	IES HOLDINGS INC (IESC) - 0.46%
#23	N/A	ZIFF DAVIS INC (ZD) - 0.46%
#24	N/A	n/a (AMAL) - 0.45%
#25	N/A	CONSTELLIUM SE CLASS A (n/a) - 0.45%
Total Holdings	2	295

OVLH vs AFSM - Historical Returns

Returns include dividend reinvestment.

Period	OVLH	AFSM
1 month	-0.24%	+0.68%
3 months	+2.39%	+9.71%
6 months	+4.22%	+15.31%
1 year	+10.33%	+30.57%
5 years(CAGR)	+8.37%	+10.04%
Max(CAGR)	+10.11%	+11.73%

OVLH

-0.24%

Winner

AFSM

+0.68%

OVLH

+2.39%

Winner

AFSM

+9.71%

OVLH

+4.22%

Winner

AFSM

+15.31%

OVLH

+10.33%

Winner

AFSM

+30.57%

5Y(CAGR)

OVLH

+8.37%

Winner

AFSM

+10.04%

Max(CAGR)

OVLH

+10.11%

Winner

AFSM

+11.73%

OVLH vs AFSM - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	OVLH	AFSM
2026	+4.54%	+21.02%
2025	+15.91%	+9.99%
2024	+19.10%	+10.93%
2023	+17.29%	+22.85%
2022	-16.38%	-17.86%
2021	+20.91%	+27.36%
2020	N/A	+8.73%
2019	N/A	+2.63%

OVLH vs AFSM Drawdown Comparison

The maximum drawdown for OVLH was -20.69%, occurring on Oct 11, 2022. Recovery took 528 trading sessions.

The maximum drawdown for AFSM was -43.54%, occurring on Mar 23, 2020. Recovery took 224 trading sessions.

The current OVLH drawdown is -2.99%. The current AFSM drawdown is -3.24%.

Rank	OVLH	AFSM
#1	-20.69% Dec 27, 2021 - Feb 2, 2024	-43.54% Jan 16, 2020 - Dec 4, 2020
#2	-8.81% Feb 19, 2025 - May 12, 2025	-28.27% Nov 16, 2021 - Feb 15, 2024
#3	-6.36% Jan 27, 2026 - Apr 17, 2026	-25.07% Nov 11, 2024 - Sep 11, 2025
#4	-5.22% Jul 16, 2024 - Sep 13, 2024	-9.56% Feb 26, 2026 - Apr 14, 2026
#5	-5.22% Sep 3, 2021 - Oct 28, 2021	-9.26% Jul 31, 2024 - Oct 14, 2024
#6	-3.89% Feb 16, 2021 - Mar 15, 2021	-8.21% Mar 15, 2021 - Apr 26, 2021
#7	-3.83% May 7, 2021 - Jun 11, 2021	-8.17% Feb 12, 2021 - Mar 12, 2021
#8	-3.83% Mar 27, 2024 - May 15, 2024	-8.05% Sep 18, 2025 - Dec 10, 2025
#9	-3.53% Jun 2, 2026 - Jun 10, 2026	-7.71% Jul 1, 2021 - Aug 27, 2021
#10	-3.16% Oct 28, 2025 - Jan 12, 2026	-7.54% Mar 28, 2024 - May 15, 2024
#11	-3.06% Dec 6, 2024 - Feb 19, 2025	-6.30% Apr 27, 2021 - Jun 1, 2021
#12	-2.72% Jul 12, 2021 - Jul 23, 2021	-5.51% May 15, 2024 - Jul 15, 2024
#13	-2.64% Nov 24, 2021 - Dec 10, 2021	-4.91% Sep 2, 2021 - Oct 20, 2021
#14	-2.57% Dec 15, 2021 - Dec 27, 2021	-4.84% Jun 8, 2021 - Jul 1, 2021
#15	-2.43% Jan 26, 2021 - Feb 4, 2021	-4.45% Jan 22, 2021 - Feb 4, 2021