BSV vs. OVT
Compare and contrast key facts about Vanguard Short-Term Bond ETF (BSV) and Overlay Shares Short Term Bond ETF (OVT).
BSV and OVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSV or OVT.
Key characteristics
| BSV | OVT | |
|---|---|---|
| YTD Return | 3.23% | 7.17% |
| 1Y Return | 5.54% | 10.92% |
| 3Y Return (Ann) | 0.76% | 1.46% |
| Sharpe Ratio | 2.27 | 2.66 |
| Sortino Ratio | 3.49 | 4.07 |
| Omega Ratio | 1.44 | 1.51 |
| Calmar Ratio | 1.38 | 1.67 |
| Martin Ratio | 9.65 | 16.44 |
| Ulcer Index | 0.60% | 0.69% |
| Daily Std Dev | 2.55% | 4.27% |
| Max Drawdown | -8.54% | -13.59% |
| Current Drawdown | -1.38% | -1.37% |
Correlation
The correlation between BSV and OVT is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BSV vs. OVT - Performance Comparison
In the year-to-date period, BSV achieves a 3.23% return, which is significantly lower than OVT's 7.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BSV vs. OVT - Expense Ratio Comparison
BSV has a 0.04% expense ratio, which is lower than OVT's 0.80% expense ratio.
Risk-Adjusted Performance
BSV vs. OVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond ETF (BSV) 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.
Dividends
BSV vs. OVT - Dividend Comparison
BSV's dividend yield for the trailing twelve months is around 3.26%, less than OVT's 6.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond ETF | 3.26% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% | 1.48% |
OVT Overlay Shares Short Term Bond ETF | 6.12% | 5.11% | 4.11% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSV vs. OVT - Drawdown Comparison
The maximum BSV drawdown since its inception was -8.54%, smaller than the maximum OVT drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for BSV and OVT. For additional features, visit the drawdowns tool.
Volatility
BSV vs. OVT - Volatility Comparison
The current volatility for Vanguard Short-Term Bond ETF (BSV) is 0.59%, while Overlay Shares Short Term Bond ETF (OVT) has a volatility of 1.14%. This indicates that BSV experiences smaller price fluctuations and is considered to be less risky than OVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.