{"schemaVersion":1,"ticker":"OVL","asOf":"2026-10-30","desk":"income","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/ovl/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-30","credit":"Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent","class":"mixed","license":"https://etfiq.com/license/","license_text":"Only the numbers in etfiq_fields are ETFIQ's, free to use with attribution: ETFIQ (etfiq.com). Every other number stays under its owner's terms: issuer_fields as the issuer published them, vendor_fields from an end-of-day data vendor.","fields_note":"Not yet classed field by field: only data ETFIQ computes is covered by its licence.","cite_as":"ETFIQ, Risk and return scorecard, OVL against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/ovl/"},"benchmark":{"ticker":"VOO","name":"Vanguard S&P 500 ETF (VOO)","tier":2,"kind":"index","basisOnPage":"total","basisHere":"total"},"tax":{"estimate":{"label":"issuer's Rule 19a-1 estimate, latest distribution","returnOfCapital":100.0,"date":"2026-10-29","url":"https://lsfunds.com/hubfs/LS_ETF_Documents/19a_1/2026_10_29.pdf?hsLang=en"},"estimateWindow":{"label":"issuer's Rule 19a-1 estimates, weighted by amount","returnOfCapital":100.0,"from":"2025-12-24","to":"2026-10-29","notices":11,"distributions":11,"full":false},"final":{"label":"annual report (Form N-CSR), final tax character","returnOfCapital":82.54,"fiscalYearEnd":"2025-08-31","filed":"2025-11-04","url":"https://www.sec.gov/Archives/edgar/data/1683471/000113322825011702/ls-efp17844_ncsr.htm"}},"kind":"benchmark","a":"OVL","b":"VOO","window":{"from":"2019-10-11","to":"2026-10-30","firstReturn":"2019-10-18","weeklyReturns":368,"years":7.05,"short":false,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.02900499,"perWeek":0.0005577883,"days":1763,"series":"13-week Treasury bill, coupon equivalent, average of daily yields","source":"U.S. Department of the Treasury, Daily Treasury Bill Rates","url":"https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates"},"measures":{"total":{"a":1.96282722,"b":1.82987553,"edge":"OVL (slight)","lead":"OVL"},"annualised":{"a":0.16588081,"b":0.15834169,"edge":"OVL (slight)","lead":"OVL"},"price":{"a":1.20768831,"b":1.55322824,"edge":"VOO","lead":"VOO"},"volatility":{"a":0.21050987,"b":0.18508352,"edge":"VOO","lead":"VOO"},"downsideDeviation":{"a":0.14532408,"b":0.12753083,"edge":"VOO","lead":"VOO"},"maxDrawdown":{"a":-0.35237035,"b":-0.31777419,"edge":"VOO (slight)","lead":"VOO","aPeak":"2020-02-14","aTrough":"2020-03-20","bPeak":"2020-02-14","bTrough":"2020-03-20"},"excess":{"a":0.14698853,"b":0.13542797,"edge":"OVL (slight)","lead":"OVL"},"sharpe":{"a":0.69825009,"b":0.73171277,"edge":"VOO (slight)","lead":"VOO"},"sortino":{"a":1.01145337,"b":1.06192341,"edge":"VOO (slight)","lead":"VOO"},"calmar":{"a":0.47075701,"b":0.49828368,"edge":"VOO (slight)","lead":"VOO"}},"relative":{"OVL":{"on":"VOO","beta":1.12979191,"r2":0.98670539,"alpha":-0.00601689,"alphaT":-0.65518124,"alphaLow":-0.02407605,"alphaHigh":0.01204227,"upsideCapture":1.21254318,"downsideCapture":1.08886393,"treynor":0.13010231,"trackingError":0.0341499,"informationRatio":0.33852398,"upWeeks":211,"downWeeks":157,"treynorReference":0.13542797,"edges":{"beta":{"edge":"Higher beta","neutral":true},"r2":{"edge":"Good fit","neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"OVL","lead":"OVL"},"downsideCapture":{"edge":"VOO (slight)","lead":"VOO"},"treynor":{"edge":"VOO (slight)","lead":"VOO"},"informationRatio":{"edge":null,"lead":"OVL","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"OVL":{"kept":"2026-11-01","distributions":35,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2025-04-03","amount":0.37355,"vendor":0.395529}],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":368,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.96282722}},"VOO":{"kept":"2026-11-01","distributions":28,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[{"ex":"2020-03-10","amount":1.178,"vendor":1.120751}],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":11,"agree":11},"vendor":{"weeks":368,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":1.82987553}}}}