Overlay Shares Municipal Bond ETF (OVM) Alternatives
Overlay Shares Municipal Bond ETF (OVM) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with OVM. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to OVM
OVM charges 0.82% annually. Among ETFs in the Municipal Bonds category, these options have the lowest expense ratios among OVM alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | Oct 11, 2022 | OVM vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | Jul 11, 2019 | OVM vs FMUN | |
| Vanguard Tax-Exempt Bond ETF | 0.05% | Aug 21, 2015 | OVM vs VTEB | |
| Vanguard Short-Term Tax-Exempt Bond ETF Shares | 0.07% | Mar 8, 2023 | OVM vs VTES | |
| Xtrackers California Municipal Bond ETF | 0.07% | Dec 13, 2023 | OVM vs CA |
Best Risk-Adjusted Alternatives to OVM
Among ETFs in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Goldman Sachs Ultra Short Municipal Income ETF | 98 | Jul 23, 2024 | OVM vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | 97 | Nov 1, 2018 | OVM vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 97 | Mar 3, 2015 | OVM vs MEAR | |
| PGIM Ultra Short Municipal Bond ETF | 95 | Jun 24, 2024 | OVM vs PUSH | |
| iShares Short-Term California Muni Active ETF | 95 | Oct 4, 2007 | OVM vs CALI |
Top Performing OVM Alternatives (YTD)
OVM alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 1.00% | Jun 4, 2013 | OVM vs RVNU | |
| X-Square Municipal Income Tax Free ETF | 0.90% | May 18, 2023 | OVM vs ZTAX | |
| Goldman Sachs Ultra Short Municipal Income ETF | 0.72% | Jul 23, 2024 | OVM vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | 0.64% | Nov 1, 2018 | OVM vs FUMB | |
| PGIM Ultra Short Municipal Bond ETF | 0.64% | Jun 24, 2024 | OVM vs PUSH |
Lowest Volatility Alternatives to OVM
OVM alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | Mar 20, 2018 | OVM vs IBMM | |
| First Trust Ultra Short Duration Municipal ETF | 1.03% | Nov 1, 2018 | OVM vs FUMB | |
| iShares Short-Term California Muni Active ETF | 1.09% | Oct 4, 2007 | OVM vs CALI | |
| abrdn Ultra Short Municipal Income Active ETF | 1.12% | Oct 20, 2025 | OVM vs AMUN | |
| Goldman Sachs Ultra Short Municipal Income ETF | 1.15% | Jul 23, 2024 | OVM vs GUMI |
Lowest Drawdown Alternatives to OVM
OVM alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Goldman Sachs Ultra Short Municipal Income ETF | -0.48% | Jul 23, 2024 | OVM vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | -0.60% | Nov 1, 2018 | OVM vs FUMB | |
| iShares Short-Term California Muni Active ETF | -0.78% | Oct 4, 2007 | OVM vs CALI | |
| PGIM Ultra Short Municipal Bond ETF | -0.85% | Jun 24, 2024 | OVM vs PUSH | |
| iShares Short Maturity Municipal Bond ETF | -0.86% | Mar 3, 2015 | OVM vs MEAR |
Other ETFs from Liquid Strategies
Most popular Liquid Strategies ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Overlay Shares Large Cap Equity ETF | Large Cap Growth Equities, Actively Managed | 68 | -2.96% | Sep 30, 2019 | OVM vs OVL | |
| Overlay Shares Hedged Large Cap Equity ETF | Equity Hedged | 81 | -3.86% | Jan 14, 2021 | OVM vs OVLH | |
| Overlay Shares Core Bond ETF | Intermediate Core Bond, Actively Managed | 76 | 1.53% | Sep 30, 2019 | OVM vs OVB | |
| Overlay Shares Short Term Bond ETF | Corporate Bonds, Actively Managed | 94 | 1.21% | Jan 14, 2021 | OVM vs OVT | |
| Overlay Shares Foreign Equity ETF | Foreign Large Cap Equities, Actively Managed | 82 | 3.04% | Sep 30, 2019 | OVM vs OVF | |
| Overlay Shares Small Cap Equity ETF | Small Cap Blend Equities, Actively Managed | 56 | 4.70% | Sep 30, 2019 | OVM vs OVS |
Often Compared With OVM
What investors most often compare with OVM, based on PortfoliosLab usage data.
Compare OVM with Any Fund or Stock
Compare OVM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.