GBND vs. OVB
GBND (Goldman Sachs Core Bond ETF) and OVB (Overlay Shares Core Bond ETF) are both Intermediate Core Bond funds. A 0.80 correlation means they provide meaningful diversification when combined. GBND charges 0.25%/yr vs 0.79%/yr for OVB.
Performance
GBND vs. OVB - Performance Comparison
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Returns By Period
In the year-to-date period, GBND achieves a 0.36% return, which is significantly lower than OVB's 2.84% return.
GBND
- 1D
- 0.15%
- 1M
- 0.18%
- YTD
- 0.36%
- 6M
- 0.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OVB
- 1D
- 0.25%
- 1M
- 0.65%
- YTD
- 2.84%
- 6M
- 2.85%
- 1Y
- 9.22%
- 3Y*
- 5.93%
- 5Y*
- 0.79%
- 10Y*
- —
GBND vs. OVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GBND Goldman Sachs Core Bond ETF | 0.36% | 3.49% |
OVB Overlay Shares Core Bond ETF | 2.84% | 4.62% |
Correlation
The correlation between GBND and OVB is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.80 |
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Return for Risk
GBND vs. OVB — Risk / Return Rank
GBND
OVB
GBND vs. OVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Core Bond ETF (GBND) and Overlay Shares Core Bond ETF (OVB). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GBND | OVB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.60 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.26 | +0.88 |
Drawdowns
GBND vs. OVB - Drawdown Comparison
The maximum GBND drawdown since its inception was -2.76%, smaller than the maximum OVB drawdown of -21.69%. Use the drawdown chart below to compare losses from any high point for GBND and OVB.
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Drawdown Indicators
| GBND | OVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.76% | -21.69% | +18.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.69% | — |
Current DrawdownCurrent decline from peak | -1.38% | -0.12% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -0.64% | -7.04% | +6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.76% | — |
Volatility
GBND vs. OVB - Volatility Comparison
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Volatility by Period
| GBND | OVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 5.81% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.61% | 7.31% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 7.58% | -3.97% |
GBND vs. OVB - Expense Ratio Comparison
GBND has a 0.25% expense ratio, which is lower than OVB's 0.79% expense ratio.
Dividends
GBND vs. OVB - Dividend Comparison
GBND's dividend yield for the trailing twelve months is around 3.45%, less than OVB's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GBND Goldman Sachs Core Bond ETF | 3.45% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OVB Overlay Shares Core Bond ETF | 6.94% | 6.00% | 5.81% | 5.20% | 4.67% | 4.59% | 3.88% | 0.58% |
Frequently Asked Questions
GBND and OVB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBND is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBND is cheaper with a 0.25% expense ratio, compared with 0.79% for OVB.
OVB has the higher dividend yield at 6.94%, compared with 3.45% for GBND.
They also come from different issuers: Goldman Sachs and Liquid Strategies. Their fees differ too: 0.25% for GBND and 0.79% for OVB.
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