OVS vs TJAN
Comparison between OVERLAY SHARES SMALL CAP EQUITY ETF (OVS, ETF) and Innovator Equity Defined Protection ETF 2 Yr to January 2027 (TJAN, ETF).
OVS vs TJAN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
OVS
$32M
TJAN
$32M
Expense Ratio
OVS
0.83%
Winner
TJAN
0.79%
Max Drawdown
OVS
45.09%
Winner
TJAN
4.83%
Sharpe Ratio
Winner
OVS
1.48
TJAN
1.04
5Y Beta
OVS
1.15
Winner
TJAN
0.22
5Y Dividends CAGR
OVS
32.86%
TJAN
N/A
OVS vs TJAN - Historical Returns
Returns include dividend reinvestment.
1M
Winner
OVS
+2.19%
TJAN
+0.52%
3M
Winner
OVS
+8.73%
TJAN
+2.02%
6M
Winner
OVS
+14.42%
TJAN
+3.36%
1Y
Winner
OVS
+35.74%
TJAN
+6.84%
5Y(CAGR)
OVS
+7.86%
TJAN
N/A
Max(CAGR)
Winner
OVS
+12.55%
TJAN
+7.03%
OVS vs TJAN - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | OVS | TJAN |
|---|---|---|
| 2026 | +22.99% | +3.40% |
| 2025 | +6.66% | +7.40% |
| 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 TJAN Drawdown Comparison
The maximum drawdown for OVS was -45.09%, occurring on Mar 23, 2020. Recovery took 216 trading sessions.
The maximum drawdown for TJAN was -4.83%, occurring on Apr 7, 2025. Recovery took 60 trading sessions.
The current OVS drawdown is -1.50%. The current TJAN drawdown is -0.02%.
| Rank | OVS | TJAN |
|---|---|---|
| #1 | -45.09% Jan 16, 2020 - Nov 23, 2020 | -4.83% Feb 19, 2025 - May 15, 2025 |
| #2 | -30.46% Nov 25, 2024 - Jan 6, 2026 | -2.10% Feb 9, 2026 - Apr 10, 2026 |
| #3 | -30.43% Nov 5, 2021 - Jul 16, 2024 | -1.19% Oct 27, 2025 - Dec 3, 2025 |
| #4 | -10.19% Jun 8, 2021 - Nov 1, 2021 | -0.87% Jan 6, 2025 - Jan 17, 2025 |
| #5 | -9.84% Jul 31, 2024 - Oct 14, 2024 | -0.51% Feb 2, 2026 - Feb 9, 2026 |
| #6 | -9.40% Mar 12, 2021 - Jun 1, 2021 | -0.50% May 19, 2025 - May 30, 2025 |
| #7 | -8.46% Feb 6, 2026 - Apr 13, 2026 | -0.48% Jun 4, 2026 - Jun 15, 2026 |
| #8 | -5.00% Nov 11, 2024 - Nov 25, 2024 | -0.47% Oct 6, 2025 - Oct 20, 2025 |
| #9 | -4.69% Feb 24, 2021 - Mar 9, 2021 | -0.47% Aug 13, 2025 - Aug 22, 2025 |
| #10 | -4.60% Oct 16, 2024 - Nov 6, 2024 | -0.42% Jun 16, 2026 - Jul 2, 2026 |
| #11 | -4.27% May 6, 2026 - May 26, 2026 | -0.40% Jan 12, 2026 - Jan 26, 2026 |
| #12 | -3.94% Jan 26, 2021 - Feb 4, 2021 | -0.39% Dec 11, 2025 - Dec 22, 2025 |
| #13 | -3.46% Nov 24, 2020 - Dec 4, 2020 | -0.37% Jul 28, 2025 - Aug 4, 2025 |
| #14 | -3.24% Jul 16, 2024 - Jul 26, 2024 | -0.33% Sep 22, 2025 - Sep 30, 2025 |
| #15 | -3.24% Jun 30, 2026 - Jul 8, 2026 | -0.33% Jan 24, 2025 - Feb 5, 2025 |
Correlation
Correlation between OVS and TJAN is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
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