HTAB vs. OVB
HTAB (Hartford Schroders Tax-Aware Bond ETF) and OVB (Overlay Shares Core Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Over the past 5 years, HTAB returned 0.71%/yr vs 0.79%/yr for OVB. A 0.55 correlation means they provide meaningful diversification when combined. HTAB charges 0.39%/yr vs 0.79%/yr for OVB.
Performance
HTAB vs. OVB - Performance Comparison
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Returns By Period
In the year-to-date period, HTAB achieves a 1.59% return, which is significantly lower than OVB's 2.84% return.
HTAB
- 1D
- 0.10%
- 1M
- 0.57%
- YTD
- 1.59%
- 6M
- 1.70%
- 1Y
- 6.71%
- 3Y*
- 3.35%
- 5Y*
- 0.71%
- 10Y*
- —
OVB
- 1D
- 0.25%
- 1M
- 0.65%
- YTD
- 2.84%
- 6M
- 2.85%
- 1Y
- 9.22%
- 3Y*
- 5.93%
- 5Y*
- 0.79%
- 10Y*
- —
HTAB vs. OVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HTAB Hartford Schroders Tax-Aware Bond ETF | 1.59% | 2.86% | 1.52% | 7.16% | -8.33% | -0.12% | 5.41% | 0.58% |
OVB Overlay Shares Core Bond ETF | 2.84% | 7.72% | 4.03% | 6.89% | -16.96% | 0.71% | 9.40% | 1.22% |
Correlation
The correlation between HTAB and OVB is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019 | 0.55 |
The correlation between HTAB and OVB has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
HTAB vs. OVB — Risk / Return Rank
HTAB
OVB
HTAB vs. OVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders Tax-Aware Bond ETF (HTAB) 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.
| HTAB | OVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 3.72 | -1.35 |
| Martin ratioReturn relative to average drawdown | 7.48 | 12.12 | -4.64 |
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
| HTAB | OVB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.60 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.11 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.26 | +0.18 |
Drawdowns
HTAB vs. OVB - Drawdown Comparison
The maximum HTAB drawdown since its inception was -14.76%, smaller than the maximum OVB drawdown of -21.69%. Use the drawdown chart below to compare losses from any high point for HTAB and OVB.
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Drawdown Indicators
| HTAB | OVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.76% | -21.69% | +6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.49% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -8.42% | -8.18% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -21.69% | +6.93% |
Current DrawdownCurrent decline from peak | -0.76% | -0.12% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -7.04% | +4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.76% | +0.14% |
Volatility
HTAB vs. OVB - Volatility Comparison
The current volatility for Hartford Schroders Tax-Aware Bond ETF (HTAB) is 1.24%, while Overlay Shares Core Bond ETF (OVB) has a volatility of 1.48%. This indicates that HTAB 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.
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Volatility by Period
| HTAB | OVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.48% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 4.69% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 5.81% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 7.31% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 7.58% | -2.41% |
HTAB vs. OVB - Expense Ratio Comparison
HTAB has a 0.39% expense ratio, which is lower than OVB's 0.79% expense ratio.
Dividends
HTAB vs. OVB - Dividend Comparison
HTAB's dividend yield for the trailing twelve months is around 3.83%, less than OVB's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HTAB Hartford Schroders Tax-Aware Bond ETF | 3.83% | 3.88% | 3.57% | 3.21% | 2.26% | 2.18% | 1.64% | 2.77% | 1.61% |
OVB Overlay Shares Core Bond ETF | 6.94% | 6.00% | 5.81% | 5.20% | 4.67% | 4.59% | 3.88% | 0.58% | 0.00% |
Frequently Asked Questions
HTAB and OVB have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OVB has higher volatility (1.48%) compared to HTAB (1.24%). In terms of maximum drawdown, HTAB dropped -14.76% vs OVB's -21.69%.
On 5-year performance, OVB leads with 0.79% vs 0.71% for HTAB. On fees, HTAB is cheaper at 0.39% per year. On volatility, HTAB has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OVB has performed better with a 0.79% return vs 0.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HTAB is cheaper with a 0.39% expense ratio, compared with 0.79% for OVB.
OVB has the higher dividend yield at 6.94%, compared with 3.83% for HTAB.
They also come from different issuers: Hartford and Liquid Strategies. Their fees differ too: 0.39% for HTAB and 0.79% for OVB.
HTAB currently has the higher Sharpe Ratio (1.68 vs 1.60), 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.
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