Overlay Shares Core Bond ETF (OVB)

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The chart shows the growth of an initial investment of $10,000 in Overlay Shares Core Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Overlay Shares Core Bond ETF (OVB) has returned 1.53% so far this year and 7.93% over the past 12 months.

Based on dividend-adjusted daily data since Oct 1, 2019, OVB's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, your investment would double in approximately 32.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +6.7%, while the worst month was Sep 2022 at -6.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.

On a daily basis, OVB closed higher 52% of trading days. The best single day was Apr 6, 2020 with a return of +2.9%, while the worst single day was Mar 12, 2020 at -3.8%.

Overlay Shares Core Bond ETF has an annualized alpha of 0.24%, beta of 0.13, and R² of 0.12 versus S&P 500 Index. Calculated based on daily prices since October 02, 2019.

• This ETF participated in 44.88% of S&P 500 Index downside but only 24.45% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.13 may look defensive, but with R² of 0.12 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.12 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

OVB has an expense ratio of 0.79%, placing it in the medium range.

OVB ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Overlay Shares Core Bond ETF (OVB) and compare them to a chosen benchmark (S&P 500 Index).

Overlay Shares Core Bond ETF provided a 7.37% dividend yield over the last twelve months, with an annual payout of $1.51 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Overlay Shares Core Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Overlay Shares Core Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Overlay Shares Core Bond ETF was 21.69%, occurring on Oct 20, 2022. Recovery took 828 trading sessions.

The current Overlay Shares Core Bond ETF drawdown is 1.39%.

The chart below shows the rolling one-month volatility.