IBDP vs. OVT

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds Dec 2024 Term Corporate ETF (IBDP) and Overlay Shares Short Term Bond ETF (OVT).

IBDP and OVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDP is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2024 Maturity Corporate Index. It was launched on Mar 11, 2015. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.

Performance

IBDP vs. OVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2024 Term Corporate ETF (IBDP) and Overlay Shares Short Term Bond ETF (OVT). The values are adjusted to include any dividend payments, if applicable.

IBDP vs. OVT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IBDP iShares iBonds Dec 2024 Term Corporate ETF	0.00%	0.00%	5.02%	5.16%	-3.89%	-0.60%
OVT Overlay Shares Short Term Bond ETF	1.21%	7.61%	7.44%	7.73%	-9.68%	2.07%

Returns By Period

IBDP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OVT

• 1D: 0.59%
• 1M: -0.82%
• YTD: 1.21%
• 6M: 3.29%
• 1Y: 8.33%
• 3Y*: 7.22%
• 5Y*: 3.05%
• 10Y*: —

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

IBDP vs. OVT - Expense Ratio Comparison

IBDP has a 0.10% expense ratio, which is lower than OVT's 0.80% expense ratio.

OVT

Overlay Shares Short Term Bond ETF

IBDP

iShares iBonds Dec 2024 Term Corporate ETF

Return for Risk

IBDP vs. OVT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OVT

OVT Risk / Return Rank: 94
OVT Sharpe Ratio Rank: 92
OVT Sortino Ratio Rank: 95
OVT Omega Ratio Rank: 93
OVT Calmar Ratio Rank: 96
OVT Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBDP vs. OVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Corporate ETF (IBDP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBDP	OVT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.10	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.64	—

Correlation

The correlation between IBDP and OVT is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IBDP vs. OVT - Dividend Comparison

IBDP has not paid dividends to shareholders, while OVT's dividend yield for the trailing twelve months is around 8.80%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBDP iShares iBonds Dec 2024 Term Corporate ETF	0.00%	0.00%	3.93%	3.01%	2.06%	1.86%	2.51%	3.15%	3.35%	3.15%	3.23%	3.74%
OVT Overlay Shares Short Term Bond ETF	8.80%	7.21%	6.15%	5.11%	4.12%	4.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	IBDP	OVT	Difference
Max Drawdown Largest peak-to-trough decline	—	-13.59%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.59%	—
Current Drawdown Current decline from peak	—	-0.82%	—
Average Drawdown Average peak-to-trough decline	—	-3.50%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.53%	—

Volatility

Volatility by Period

	IBDP	OVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.99%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.63%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.59%	—