Apple claims otherwise:

https://support.apple.com/kb/PH27917?locale=en_US

That’s only for deletion, not when you accidentally overwrite something. Or a file got overwritten by something else or got corrupted etc.

Good point. Luckily I make encrypted backups to an external drive with timemachine, but you bring up an important detail when considering options.

I use the 'Drive' app of my Synology NAS and I am very happy with it.