Overlay Shares Foreign Equity ETF (OVF) Performance
OVF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.6% since Dec 31, 2025
- 1 year
- +13.9% total return
- 5 years
- +8.4% a year
- Since first price
- +8.4% a year since 2019
OVF trailing returns vs SPY, QQQ, AGG
| Period | OVF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.1% | −5.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.8% | −3.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.8% | −3.3% | +7.8% | +8.4% | −1.5% |
| YTD | +10.6% | +2.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.9% | +1.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +82.5%+22.2%/yr | +47.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +49.9%+8.4%/yr | +10.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 1, 2019 | +76.8%+8.4%/yr | +20.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: OVF vs SPY
From Oct 1, 2019: OVF grew to $17,681, SPY to $28,643.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OVF returns by calendar year
5 of 6 full years positive. Best 2025 (+33.0%), worst 2022 (−17.6%). 2026 is year to date.
OVF annual returns table
| Year | OVF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.6% | −11.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +33.0% | −15.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.4% | −9.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.3% | −14.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.6% | −28.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +9.6% | −6.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +2.6% | −29.6% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
OVF largest drawdowns
Now 6.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 3, 2021 | −30.1% | Oct 14, 2022 | May 14, 2024 | 1.1 years | 2.7 years |
| Jan 17, 2020 | −29.6% | Mar 23, 2020 | Dec 29, 2020 | 2 months | 11 months |
| Sep 26, 2024 | −15.9% | Apr 8, 2025 | May 5, 2025 | 6 months | 7 months |
| Feb 25, 2026 | −11.6% | Mar 30, 2026 | May 6, 2026 | 33 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
OVF risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +21.6% | +9.6% | +8.5% |
| Volatility (annualized) | 13.5% | 15.5% | 15.4% |
| Sharpe ratio | 1.20 | 0.44 | 0.44 |
| Sortino ratio | 2.11 | 0.66 | 0.64 |
| Best month | +10.6% | +11.6% | +11.6% |
| Worst month | −7.9% | −10.4% | −10.4% |
| Best 12 months | +39.4% | +39.4% | +39.4% |
| Worst 12 months | +4.5% | −25.5% | −25.5% |
| Positive months | 67% | 58% | 60% |
| Beta vs S&P 500 | 0.81 | 0.80 | — |
| Correlation with S&P 500 | 0.75 | 0.81 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
OVF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 73 | −25.5% | +13.2% | +39.4% | 82% |
| 3-year (a year) | 49 | −4.9% | +4.3% | +22.3% | 94% |
| 5-year (a year) | 25 | +2.6% | +8.5% | +10.8% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
OVF performance overview
Overlay Shares Foreign Equity ETF (OVF) returned +13.9% over the past year and +8.4% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +8.4% a year, turning $10,000 into about $17,681. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −30.1%, from Sep 3, 2021 to Oct 14, 2022, and it took 1.6 years to get back to the old high. OVF finished 5 of its 6 full calendar years with a gain; the best year was 2025 (+33.0%) and the worst 2022 (−17.6%). Volatility has been 15.4% a year.
Related: OVF chart, OVF dividends. See the OVF overview for the latest quote and fund facts.
OVF performance FAQ
What is the OVF return over the past year?
OVF returned +13.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 1.7%.
What is the average annual return of OVF?
OVF has returned +8.4% a year over 5 years, +8.4% a year since October 1, 2019 (total return, distributions reinvested).
How much would $10,000 invested in OVF be worth?
$10,000 invested in OVF at its first recorded close on October 1, 2019 would be worth about $17,681 on October 23, 2026 with distributions reinvested.
What was the worst year for OVF?
The worst calendar year was 2022, with a total return of −17.6%. The best was 2025 at +33.0%.
What is the biggest drawdown of OVF?
The largest peak-to-trough decline was −30.1% between September 3, 2021 and October 14, 2022. It recovered to the old high on May 14, 2024, 1.6 years after the bottom.
How volatile is OVF?
Over the past 3 years OVF had an annualized volatility of 13.5% and a Sharpe ratio of 1.20 (excess return over 1–3 month T-bills per unit of risk).