OVS vs KPDD

Comparison between OVERLAY SHARES SMALL CAP EQUITY ETF (OVS, ETF) and KRANESHARES 2X LONG PDD DAILY ETF (KPDD, ETF).

OVS vs KPDD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OVS(ETF)	KPDD(ETF)
Net Assets	$20M	$20M
Expense Ratio	0.83%	N/A
Max Drawdown	45.09%	81.78%
Sharpe Ratio	1.48	-0.58
5Y Beta	1.16	1.70
5Y Dividends CAGR	29.71%	N/A

Net Assets

OVS

$20M

KPDD

$20M

Expense Ratio

OVS

0.83%

KPDD

N/A

Max Drawdown

Winner

OVS

45.09%

KPDD

81.78%

Sharpe Ratio

Winner

OVS

1.48

KPDD

-0.58

5Y Beta

Winner

OVS

1.16

KPDD

1.70

5Y Dividends CAGR

OVS

29.71%

KPDD

N/A

OVS vs KPDD - Holdings Comparison

OVS and KPDD have 0 common holdings. Overlap is 0.00%

OVS's top 25 holdings weight is 99.95%. KPDD's top 25 holdings weight is -4.83%.

Rank	OVS	KPDD
#1	ISHARES CORE S&P SMALL-CAP ETF (IJR) - 99.07%	PDD HOLDINGS INC ADR (PDD) - -4.83%
#2	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.88%	N/A
#3	N/A	N/A
#4	N/A	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	2	1

OVS vs KPDD - Historical Returns

Returns include dividend reinvestment.

Period	OVS	KPDD
1 month	-0.51%	-25.76%
3 months	+8.50%	-33.74%
6 months	+15.59%	-54.43%
1 year	+35.50%	-42.00%
5 years(CAGR)	+5.81%	N/A
Max(CAGR)	+11.74%	-55.42%

Winner

OVS

-0.51%

KPDD

-25.76%

Winner

OVS

+8.50%

KPDD

-33.74%

Winner

OVS

+15.59%

KPDD

-54.43%

Winner

OVS

+35.50%

KPDD

-42.00%

5Y(CAGR)

OVS

+5.81%

KPDD

N/A

Max(CAGR)

Winner

OVS

+11.74%

KPDD

-55.42%

OVS vs KPDD - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	OVS	KPDD
2026	+15.42%	-51.54%
2025	+6.66%	-26.65%
2024	+11.93%	N/A
2023	+17.54%	N/A
2022	-20.81%	N/A
2021	+31.69%	N/A
2020	+12.30%	N/A
2019	+11.52%	N/A

OVS vs KPDD Drawdown Comparison

The maximum drawdown for OVS was -45.09%, occurring on Mar 23, 2020. Recovery took 216 trading sessions.

The maximum drawdown for KPDD was -71.00%, occurring on May 28, 2026. This drawdown has not yet recovered.

The current OVS drawdown is -2.33%. The current KPDD drawdown is -69.80%.

Rank	OVS	KPDD
#1	-45.09% Jan 16, 2020 - Nov 23, 2020	-71.00% Mar 20, 2025 - May 28, 2026
#2	-30.46% Nov 25, 2024 - Jan 6, 2026	-5.12% Mar 17, 2025 - Mar 20, 2025
#3	-30.43% Nov 5, 2021 - Jul 16, 2024	N/A
#4	-10.19% Jun 8, 2021 - Nov 1, 2021	N/A
#5	-9.84% Jul 31, 2024 - Oct 14, 2024	N/A
#6	-9.40% Mar 12, 2021 - Jun 1, 2021	N/A
#7	-8.46% Feb 6, 2026 - Apr 13, 2026	N/A
#8	-5.00% Nov 11, 2024 - Nov 25, 2024	N/A
#9	-4.69% Feb 24, 2021 - Mar 9, 2021	N/A
#10	-4.60% Oct 16, 2024 - Nov 6, 2024	N/A
#11	-4.27% May 6, 2026 - May 26, 2026	N/A
#12	-3.94% Jan 26, 2021 - Feb 4, 2021	N/A
#13	-3.46% Nov 24, 2020 - Dec 4, 2020	N/A
#14	-3.24% Jul 16, 2024 - Jul 26, 2024	N/A
#15	-2.64% Nov 27, 2019 - Dec 12, 2019	N/A

Correlation

Correlation between OVS and KPDD is -0.62 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.62

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