- ISIN
- US53656F5733
- CUSIP
- 53656F573
- Issuer
- Liquid Strategies
- Inception Date
- Jan 14, 2021
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $50M
Highlights
- Avg. Volume (1M)
- 15K
- Avg. Volume Value (1M)
- $331.00K
Share Price Chart
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Performance
OVT Performance Chart
Overlay Shares Short Term Bond ETF (OVT) is up 2.2% since the beginning of the year. OVT is currently trading at $22 per share. Investors who bought $1,000 worth of OVT shares 5 years ago would now be looking at an investment worth $1,145.
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Compare this symbol against anything
Returns By Period
Overlay Shares Short Term Bond ETF (OVT) has returned 2.18% so far this year and 5.78% over the past 12 months.
Overlay Shares Short Term Bond ETF
- 1D
- 0.14%
- 1M
- -0.29%
- 6M
- 1.49%
- YTD
- 2.18%
- 1Y
- 5.78%
- 3Y*
- 7.01%
- 5Y*
- 2.74%
- 10Y*
- —
- ALL TIME*
- 2.86%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
OVT Monthly Returns History
Based on dividend-adjusted daily data since Jan 15, 2021, OVT's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Sep 2022 at -4.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, OVT closed higher 54% of trading days. The best single day was Nov 10, 2022 with a return of +1.5%, while the worst single day was Jun 13, 2022 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.68% | 1.35% | -0.82% | 0.89% | 0.90% | -0.55% | -0.28% | 2.18% | |||||
| 2025 | 0.80% | 0.99% | -1.23% | 0.27% | 0.54% | 1.71% | 0.45% | 1.10% | 0.72% | 0.51% | 1.01% | 0.53% | 7.61% |
| 2024 | 0.86% | 0.70% | 1.04% | -1.73% | 1.78% | 1.23% | 1.67% | 1.61% | 1.06% | -1.40% | 1.50% | -1.04% | 7.44% |
| 2023 | 2.32% | -1.63% | 1.59% | 1.01% | -0.42% | 0.41% | 0.75% | -0.14% | -1.64% | -1.69% | 4.62% | 2.48% | 7.73% |
| 2022 | -2.43% | -0.32% | -1.77% | -2.90% | 0.79% | -2.14% | 2.27% | -2.40% | -4.16% | 0.87% | 2.63% | -0.31% | -9.68% |
| 2021 | -0.84% | 0.10% | 0.40% | 0.96% | 0.54% | 0.46% | 0.51% | 0.40% | -1.00% | 0.00% | 0.09% | 0.10% | 1.73% |
Benchmark Metrics
Overlay Shares Short Term Bond ETF has an annualized alpha of 0.61%, beta of 0.17, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since January 15, 2021.
- This ETF participated in 33.27% of S&P 500 Index downside but only 22.08% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.17 may look defensive, but with R2 of 0.39 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 0.39 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.61%
- Beta
- 0.17
- R²
- 0.39
- Upside Capture
- 22.08%
- Downside Capture
- 33.27%
Expense Ratio
OVT has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
OVT ranks 78 for risk / return — above 78% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Overlay Shares Short Term Bond ETF (OVT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OVT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 2.00 | +2.00 |
| Martin ratioReturn relative to average drawdown | 11.03 | 8.49 | +2.54 |
Dividends
Dividend History
Overlay Shares Short Term Bond ETF provided a 7.66% dividend yield over the last twelve months, with an annual payout of $1.66 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.66 | $1.59 | $1.35 | $1.11 | $0.87 | $1.08 |
Dividend yield | 7.66% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Overlay Shares Short Term 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.12 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.11 | $0.81 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.36 | $0.00 | $0.49 | $1.59 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.36 | $0.00 | $0.30 | $1.35 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.29 | $0.00 | $0.30 | $1.11 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.22 | $0.00 | $0.24 | $0.87 |
| 2021 | $0.21 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.43 | $1.08 |
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 Short Term 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 Short Term Bond ETF was 13.59%, occurring on Oct 14, 2022. Recovery took 417 trading sessions.
The current Overlay Shares Short Term Bond ETF drawdown is 0.83%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.59%Oct 2022 | 1y 1mo | 1y 8mo | 2y 9moSep 2021 - Jun 2024 | Bear market2022 |
-3.23%Apr 2025 | 1mo 17d | 2mo 16d | 4mo 3dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-2.08%Jan 2025 | 1mo 2d | 26d | 1mo 28dDec 2024 - Feb 2025 | — |
-1.72%Nov 2024 | 1mo 10d | 1mo | 2mo 10dSep 2024 - Dec 2024 | — |
-1.55%Mar 2026 | 25d | 21d | 1mo 16dMar 2026 - Apr 2026 | — |
Drawdown Indicators
| OVT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | -56.78% | +43.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -9.10% | +7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.55% | -18.90% | +15.35% |
Max Drawdown (5Y)Largest decline over 5 years | -13.59% | -25.43% | +11.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.83% | -1.58% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -10.70% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 2.14% | -1.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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