Overlay Shares Short Term Bond ETF (OVT)

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The chart shows the growth of an initial investment of $10,000 in Overlay Shares Short Term 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 Short Term Bond ETF (OVT) has returned 1.21% so far this year and 8.33% over the past 12 months.

Based on dividend-adjusted daily data since Jan 15, 2021, OVT's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, your investment would double in approximately 23.1 years.

Historically, 67% of months were positive and 33% 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 53% 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%.

Overlay Shares Short Term Bond ETF has an annualized alpha of 0.98%, beta of 0.17, and R² of 0.38 versus S&P 500 Index. Calculated based on daily prices since January 19, 2021.

• This ETF participated in 32.80% of S&P 500 Index downside but only 23.63% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.17 may look defensive, but with R² of 0.38 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 0.38 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

OVT has an expense ratio of 0.80%, placing it in the medium range.

OVT ranks 94 for risk / return — in the top 94% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

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

Overlay Shares Short Term Bond ETF provided a 8.80% dividend yield over the last twelve months, with an annual payout of $1.93 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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 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 0.82%.

The chart below shows the rolling one-month volatility.