UAE vs OVL

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

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

UAE vs OVL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

UAE

$309M

OVL

$308M

Expense Ratio

Winner

UAE

0.59%

OVL

0.79%

Max Drawdown

UAE

68.26%

Winner

OVL

35.49%

Sharpe Ratio

UAE

-0.11

Winner

OVL

1.25

5Y Beta

Winner

UAE

0.67

OVL

1.11

5Y Dividends CAGR

UAE

6.32%

Winner

OVL

32.24%

UAE vs OVL - Historical Returns

Returns include dividend reinvestment.

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

UAE

-5.46%

Winner

OVL

+0.31%

UAE

+0.06%

Winner

OVL

+6.39%

UAE

-3.83%

Winner

OVL

+11.20%

UAE

-0.94%

Winner

OVL

+23.29%

5Y(CAGR)

UAE

+10.44%

Winner

OVL

+13.22%

10Y(CAGR)

UAE

+5.17%

OVL

N/A

Max(CAGR)

UAE

+1.66%

Winner

OVL

+17.31%

UAE vs OVL - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

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

UAE vs OVL Drawdown Comparison

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

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

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

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

Correlation

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

0.90

-101

Dividend Comparison (2014 - 2026)

UAE vs OVL dividend yield comparison.

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