Overlay Shares Short Term Bond ETF (OVT) Sharpe Ratio: 2.10

OVT's Sharpe Ratio of 2.10 indicates that for each unit of volatility, it generates 2.10 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

OVT Sharpe Ratio Rank

Exceptional

OVT ranks above 91.8% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Suitable as a core holding given strong risk-adjusted returns
Monitor rank changes to detect deteriorating return-to-volatility profile
Exceptional Sharpe ratio supports larger position sizes
Compare with category peers to assess whether strength is investment-specific or category-wide

OVT Sharpe Ratio Market Positioning

The chart shows OVT's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.47 or lower
Yellow zone (middle 50%): 0.47 to 1.40
Green zone (top 25%): 1.40 or higher
Top 1%: 5.78+
Median: 0.94 — half of all investments score higher

How it compares to other similar ETFs

The table compares Overlay Shares Short Term Bond ETF's Sharpe Ratio with other ETFs in the Corporate Bonds, Actively Managed category across multiple time periods, showing how OVT's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 1, 2026.

Symbol	Name	1Y Sharpe Ratio
BSCQ	Invesco BulletShares 2026 Corporate Bond ETF	5.39
IBDR	iShares iBonds Dec 2026 Term Corporate ETF	5.39
FLDR	Fidelity Low Duration Bond Factor ETF	4.59
TYLD	Cambria Tactical Yield ETF	3.11
BSCR	Invesco BulletShares 2027 Corporate Bond ETF	3.10
IBDS	iShares iBonds Dec 2027 Term Corporate ETF	3.06
SPSB	SPDR Portfolio Short Term Corporate Bond ETF	3.01
FYLD	Cambria Foreign Shareholder Yield ETF	2.76
MEAR	iShares Short Maturity Municipal Bond ETF	2.71
FLRN	SPDR Bloomberg Barclays Investment Grade Floating Rate ETF	2.58
OVT	Overlay Shares Short Term Bond ETF	2.10

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

How to choose period

Historical Sharpe Ratio

The chart shows OVT's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when OVT consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore OVT risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

OVT Sortino Ratio