36BA.DE vs. OVT
36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) and OVT (Overlay Shares Short Term Bond ETF) are both Corporate Bonds funds. 36BA.DE is passively managed, while OVT is actively managed. Over the past 5 years, 36BA.DE returned -1.61%/yr vs 4.01%/yr for OVT. At a 0.02 correlation, their price movements are largely independent. 36BA.DE charges 0.17%/yr vs 0.80%/yr for OVT.
Performance
36BA.DE vs. OVT - Performance Comparison
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Different Trading Currencies
36BA.DE is traded in EUR, while OVT is traded in USD. To make them comparable, the OVT values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 36BA.DE achieves a -0.71% return, which is significantly lower than OVT's 3.97% return.
36BA.DE
- 1D
- 0.27%
- 1M
- 0.18%
- YTD
- -0.71%
- 6M
- -0.48%
- 1Y
- 2.78%
- 3Y*
- 2.93%
- 5Y*
- -1.61%
- 10Y*
- —
OVT
- 1D
- 0.05%
- 1M
- 1.32%
- YTD
- 3.97%
- 6M
- 3.64%
- 1Y
- 7.07%
- 3Y*
- 4.67%
- 5Y*
- 4.01%
- 10Y*
- —
36BA.DE vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | -0.71% | 5.40% | 0.20% | 5.45% | -17.07% | -1.20% |
OVT Overlay Shares Short Term Bond ETF | 3.97% | -5.16% | 14.53% | 4.50% | -4.08% | 8.42% |
Correlation
The correlation between 36BA.DE and OVT is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2021 | 0.02 |
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Return for Risk
36BA.DE vs. OVT — Risk / Return Rank
36BA.DE
OVT
36BA.DE vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) and Overlay Shares Short Term Bond ETF (OVT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 36BA.DE | OVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.95 | -1.04 |
| Martin ratioReturn relative to average drawdown | 2.43 | 6.65 | -4.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BA.DE | OVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.14 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.53 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.52 | -0.62 |
Drawdowns
36BA.DE vs. OVT - Drawdown Comparison
The maximum 36BA.DE drawdown since its inception was -23.68%, which is greater than OVT's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for 36BA.DE and OVT.
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Drawdown Indicators
| 36BA.DE | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -12.33% | -11.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -3.63% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -6.31% | -12.33% | +6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -12.33% | -10.85% |
Current DrawdownCurrent decline from peak | -10.87% | -3.08% | -7.79% |
Average DrawdownAverage peak-to-trough decline | -11.35% | -4.03% | -7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.08% | +0.06% |
Volatility
36BA.DE vs. OVT - Volatility Comparison
iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) has a higher volatility of 1.83% compared to Overlay Shares Short Term Bond ETF (OVT) at 0.95%. This indicates that 36BA.DE's price experiences larger fluctuations and is considered to be riskier than OVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BA.DE | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 0.95% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 4.39% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 6.26% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 7.64% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | 7.52% | -0.66% |
36BA.DE vs. OVT - Expense Ratio Comparison
36BA.DE has a 0.17% expense ratio, which is lower than OVT's 0.80% expense ratio.
Dividends
36BA.DE vs. OVT - Dividend Comparison
36BA.DE's dividend yield for the trailing twelve months is around 4.95%, less than OVT's 8.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | 4.95% | 4.73% | 4.75% | 4.15% | 2.94% | 1.76% | 0.87% |
OVT Overlay Shares Short Term Bond ETF | 8.15% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% | 0.00% |
Frequently Asked Questions
36BA.DE and OVT have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BA.DE is cheaper with a 0.17% expense ratio, compared with 0.80% for OVT.
They also come from different issuers: iShares and Liquid Strategies. Their fees differ too: 0.17% for 36BA.DE and 0.80% for OVT.
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