PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
BSV vs. OVT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BSVOVT
YTD Return0.20%2.87%
1Y Return3.45%9.35%
3Y Return (Ann)-0.40%0.74%
Sharpe Ratio1.112.07
Daily Std Dev3.00%4.44%
Max Drawdown-8.54%-13.59%
Current Drawdown-1.84%-0.75%

Correlation

0.64
-1.001.00

The correlation between BSV and OVT is 0.64, 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 0.20% return, which is significantly lower than OVT's 2.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-8.00%-6.00%-4.00%-2.00%0.00%2.00%OctoberNovemberDecember2024FebruaryMarch
-1.57%
2.18%
BSV
OVT

Compare stocks, funds, or ETFs


Vanguard Short-Term Bond ETF

Overlay Shares Short Term Bond ETF

BSV vs. OVT - Expense Ratio Comparison

BSV has a 0.04% expense ratio, which is lower than OVT's 0.80% expense ratio.

OVT
Overlay Shares Short Term Bond ETF
0.50%1.00%1.50%2.00%0.80%
0.50%1.00%1.50%2.00%0.04%

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BSV
Vanguard Short-Term Bond ETF
1.11
OVT
Overlay Shares Short Term Bond ETF
2.07

BSV vs. OVT - Sharpe Ratio Comparison

The current BSV Sharpe Ratio is 1.11, which is lower than the OVT Sharpe Ratio of 2.07. The chart below compares the 12-month rolling Sharpe Ratio of BSV and OVT.


Rolling 12-month Sharpe Ratio0.501.001.502.00OctoberNovemberDecember2024FebruaryMarch
1.11
2.07
BSV
OVT

Dividends

BSV vs. OVT - Dividend Comparison

BSV's dividend yield for the trailing twelve months is around 2.65%, less than OVT's 4.97% yield.


TTM20232022202120202019201820172016201520142013
BSV
Vanguard Short-Term Bond ETF
2.65%2.46%1.50%1.45%1.79%2.29%1.99%1.65%1.48%1.40%1.45%1.48%
OVT
Overlay Shares Short Term Bond ETF
4.97%5.11%4.12%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%. The drawdown chart below compares losses from any high point along the way for BSV and OVT


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-1.84%
-0.75%
BSV
OVT

Volatility

BSV vs. OVT - Volatility Comparison

The current volatility for Vanguard Short-Term Bond ETF (BSV) is 0.57%, while Overlay Shares Short Term Bond ETF (OVT) has a volatility of 0.99%. 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.


0.50%1.00%1.50%2.00%OctoberNovemberDecember2024FebruaryMarch
0.57%
0.99%
BSV
OVT