GCOR vs. OVB

Last updated Aug 4, 2026

GCOR (Goldman Sachs Access U.S. Aggregate Bond ETF) and OVB (Overlay Shares Core Bond ETF) are both Intermediate Core Bond funds. GCOR is passively managed, while OVB is actively managed. Over the past 5 years, GCOR returned -0.73%/yr vs -0.10%/yr for OVB. Their correlation of 0.81 means they have usually moved in the same direction. GCOR charges 0.08%/yr vs 0.79%/yr for OVB.

Performance

GCOR vs. OVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) and Overlay Shares Core Bond ETF (OVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCOR achieves a -0.45% return, which is significantly lower than OVB's 1.16% return.

GCOR

• 1D: 0.19%
• 1M: -1.04%
• 6M: -0.54%
• YTD: -0.45%
• 1Y: 2.04%
• 3Y*: 3.78%
• 5Y*: -0.73%
• 10Y*: —
• ALL TIME*: -0.61%

OVB

• 1D: 0.22%
• 1M: -1.21%
• 6M: 0.30%
• YTD: 1.16%
• 1Y: 4.51%
• 3Y*: 5.65%
• 5Y*: -0.10%
• 10Y*: —
• ALL TIME*: 1.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF	$2.91M	$2.66M	$3.19M
OVB Overlay Shares Core Bond ETF	$364.42K	$272.74K	$267.23K

GCOR vs. OVB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF	-0.45%	7.22%	0.51%	5.79%	-13.83%	-1.88%	0.50%
OVB Overlay Shares Core Bond ETF	1.16%	7.72%	4.03%	6.89%	-16.96%	0.71%	1.56%

Correlation

The correlation between GCOR and OVB is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020	0.81

The correlation between GCOR and OVB has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

Return for Risk

GCOR vs. OVB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GCOR

GCOR Risk / Return Rank: 23
GCOR Sharpe Ratio Rank: 25
GCOR Sortino Ratio Rank: 23
GCOR Omega Ratio Rank: 22
GCOR Calmar Ratio Rank: 24
GCOR Martin Ratio Rank: 24

OVB

OVB Risk / Return Rank: 37
OVB Sharpe Ratio Rank: 31
OVB Sortino Ratio Rank: 29
OVB Omega Ratio Rank: 30
OVB Calmar Ratio Rank: 48
OVB Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GCOR vs. OVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GCOR	OVB	Difference
Sharpe ratio: Return per unit of total volatility	0.58	0.77	-0.19
Sortino ratio: Return per unit of downside risk	0.83	1.13	-0.29
Omega ratio: Gain probability vs. loss probability	1.10	1.15	-0.05
Calmar ratio: Return relative to maximum drawdown	0.73	1.82	-1.09
Martin ratio: Return relative to average drawdown	1.81	5.13	-3.33

GCOR vs. OVB - Sharpe Ratio Comparison

The current GCOR Sharpe Ratio is 0.58, which is comparable to the OVB Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of GCOR and OVB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GCOR vs. OVB - Drawdown Comparison

The maximum GCOR drawdown since its inception was -18.94%, smaller than the maximum OVB drawdown of -21.69%. Use the drawdown chart below to compare losses from any high point for GCOR and OVB.

Drawdown Indicators

	GCOR	OVB	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	-21.69%	+2.75%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-2.49%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-5.09%	-6.99%	+1.90%
Max Drawdown (5Y) Largest decline over 5 years	-18.45%	-21.69%	+3.24%
Current Drawdown Current decline from peak	-4.10%	-1.75%	-2.35%
Average Drawdown Average peak-to-trough decline	-7.86%	-6.89%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	0.88%	+0.25%

Volatility

GCOR vs. OVB - Volatility Comparison

The current volatility for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) is 1.05%, while Overlay Shares Core Bond ETF (OVB) has a volatility of 1.58%. This indicates that GCOR experiences smaller price fluctuations and is considered to be less risky than OVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCOR	OVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	1.58%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	4.01%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	5.86%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.82%	7.37%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.48%	7.55%	-2.07%

GCOR vs. OVB - Expense Ratio Comparison

GCOR has a 0.08% expense ratio, which is lower than OVB's 0.79% expense ratio.

Dividends

GCOR vs. OVB - Dividend Comparison

GCOR's dividend yield for the trailing twelve months is around 4.23%, less than OVB's 6.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF	4.23%	4.03%	4.36%	3.67%	2.11%	0.92%	0.24%	0.00%
OVB Overlay Shares Core Bond ETF	6.62%	6.00%	5.81%	5.20%	4.67%	4.59%	3.88%	0.58%

Frequently Asked Questions

Can I hold both GCOR and OVB in my portfolio?

GCOR and OVB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GCOR or OVB?

OVB has higher volatility (1.58%) compared to GCOR (1.05%). In terms of maximum drawdown, GCOR dropped -18.94% vs OVB's -21.69%.

Which ETF is better, GCOR or OVB?

On 5-year performance, OVB leads with -0.10% vs -0.73% for GCOR. On fees, GCOR is cheaper at 0.08% per year. On volatility, GCOR has been the lower-risk option at 1.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GCOR or OVB?

Over the 5-year period, OVB has performed better with a -0.10% return vs -0.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GCOR or OVB?

GCOR is cheaper with a 0.08% expense ratio, compared with 0.79% for OVB.

Which ETF pays a higher dividend yield, GCOR or OVB?

OVB has the higher dividend yield at 6.62%, compared with 4.23% for GCOR.

What is the main difference between GCOR and OVB?

They also come from different issuers: Goldman Sachs and Liquid Strategies. Their fees differ too: 0.08% for GCOR and 0.79% for OVB.

Which has better risk-adjusted returns?

OVB currently has the higher Sharpe Ratio (0.77 vs 0.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.