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
| Issuer | Liquid Strategies |
|---|---|
| Inception Date | Sep 30, 2019 |
| Region | North America (U.S.) |
| Category | Municipal Bonds, Actively Managed |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
OVM has a high expense ratio of 0.82%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Overlay Shares Municipal 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.
Returns By Period
Overlay Shares Municipal Bond ETF had a return of -0.18% year-to-date (YTD) and 3.62% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.18% | 7.50% |
| 1 month | -1.13% | -1.61% |
| 6 months | 7.46% | 17.65% |
| 1 year | 3.62% | 26.26% |
| 5 years (annualized) | N/A | 11.73% |
| 10 years (annualized) | N/A | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.46% | 0.78% | 0.56% | -2.36% | ||||||||
| 2023 | -2.63% | 7.96% | 2.97% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of OVM is 31, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Overlay Shares Municipal Bond ETF(OVM)
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.
Dividends
Dividend History
Overlay Shares Municipal Bond ETF granted a 4.72% dividend yield in the last twelve months. The annual payout for that period amounted to $1.03 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $1.03 | $1.03 | $0.91 | $1.55 | $0.77 | $0.15 |
Dividend yield | 4.72% | 4.66% | 4.21% | 6.10% | 3.00% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.25 | ||||||||
| 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 |
| 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 |
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.26 |
| 2019 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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. The portfolio has not yet recovered.
The current Overlay Shares Municipal Bond ETF drawdown is 5.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.58% | Dec 29, 2021 | 191 | Sep 30, 2022 | — | — | — |
| -14.9% | Feb 21, 2020 | 20 | Mar 19, 2020 | 84 | Jul 20, 2020 | 104 |
| -2.22% | Feb 16, 2021 | 10 | Mar 1, 2021 | 32 | Apr 15, 2021 | 42 |
| -2.06% | Sep 10, 2021 | 17 | Oct 4, 2021 | 59 | Dec 28, 2021 | 76 |
| -1.84% | Aug 11, 2020 | 58 | Oct 30, 2020 | 12 | Nov 17, 2020 | 70 |
Volatility
Volatility Chart
The current Overlay Shares Municipal Bond ETF volatility is 1.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.