Overlay Shares Municipal Bond ETF (OVM)
OVM is an actively managed ETF by Liquid Strategies. OVM launched on Sep 30, 2019 and has a 0.82% expense ratio.
ETF Info
Sep 30, 2019
North America (U.S.)
1x
No Index (Active)
Expense Ratio
OVM has an expense ratio of 0.82%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Overlay Shares Municipal Bond ETF (OVM) returned -2.96% year-to-date (YTD) and 0.58% over the past 12 months.
OVM
-2.96%
0.19%
-4.72%
0.58%
1.51%
0.99%
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of OVM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.14% | 1.19% | -3.26% | -0.91% | -0.10% | -2.96% | |||||||
| 2024 | 0.46% | 0.78% | 0.56% | -2.36% | 0.54% | 1.79% | 1.28% | 0.59% | 1.39% | -1.79% | 2.59% | -2.33% | 3.42% |
| 2023 | 3.05% | -2.66% | 2.82% | 0.20% | -0.67% | 1.08% | 0.22% | -1.07% | -3.61% | -2.64% | 7.96% | 2.97% | 7.35% |
| 2022 | -3.65% | -0.73% | -2.02% | -3.86% | 1.30% | -2.14% | 3.13% | -3.49% | -4.86% | 0.20% | 5.45% | -0.70% | -11.26% |
| 2021 | 0.50% | -1.13% | 1.13% | 1.23% | 0.68% | 1.17% | 0.35% | 0.30% | -1.46% | 0.45% | 0.99% | -0.02% | 4.23% |
| 2020 | 0.85% | -1.29% | -2.07% | -1.43% | 4.83% | 1.17% | 2.14% | -0.22% | 0.02% | -1.09% | 2.58% | 0.73% | 6.17% |
| 2019 | 0.77% | 0.75% | 0.19% | 1.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of OVM is 16, meaning it’s performing worse than 84% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Overlay Shares Municipal Bond ETF (OVM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Overlay Shares Municipal Bond ETF provided a 5.37% dividend yield over the last twelve months, with an annual payout of $1.12 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.12 | $1.07 | $1.03 | $0.91 | $1.55 | $1.02 | $0.15 |
Dividend yield | 5.37% | 4.91% | 4.66% | 4.21% | 6.10% | 3.97% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Overlay Shares Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.30 | $0.00 | $0.30 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.27 | $1.07 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.27 | $1.03 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.23 | $0.00 | $0.24 | $0.91 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.24 | $0.00 | $0.80 | $1.55 |
| 2020 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.26 | $1.02 |
| 2019 | $0.15 | $0.15 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Overlay Shares Municipal 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 Municipal Bond ETF was 15.58%, occurring on Sep 30, 2022. Recovery took 503 trading sessions.
The current Overlay Shares Municipal Bond ETF drawdown is 5.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.58% | Dec 29, 2021 | 191 | Sep 30, 2022 | 503 | Oct 2, 2024 | 694 |
| -14.9% | Feb 21, 2020 | 20 | Mar 19, 2020 | 77 | Jul 9, 2020 | 97 |
| -8.2% | Dec 9, 2024 | 82 | Apr 8, 2025 | — | — | — |
| -2.22% | Feb 16, 2021 | 10 | Mar 1, 2021 | 32 | Apr 15, 2021 | 42 |
| -2.12% | Oct 3, 2024 | 25 | Nov 6, 2024 | 15 | Nov 27, 2024 | 40 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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