IBDR vs. OVT
Compare and contrast key facts about iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and Overlay Shares Short Term Bond ETF (OVT).
IBDR and OVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDR is a passively managed fund by iShares that tracks the performance of the Barclays December 2026 Maturity Corporate Index. It was launched on Sep 13, 2016. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Performance
IBDR vs. OVT - Performance Comparison
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IBDR vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 0.72% | 4.99% | 4.98% | 5.96% | -8.28% | -1.35% |
OVT Overlay Shares Short Term Bond ETF | 1.21% | 7.61% | 7.44% | 7.73% | -9.68% | 2.07% |
Returns By Period
In the year-to-date period, IBDR achieves a 0.72% return, which is significantly lower than OVT's 1.21% return.
IBDR
- 1D
- 0.04%
- 1M
- 0.21%
- YTD
- 0.72%
- 6M
- 1.84%
- 1Y
- 4.40%
- 3Y*
- 4.81%
- 5Y*
- 1.63%
- 10Y*
- —
OVT
- 1D
- 0.59%
- 1M
- -0.82%
- YTD
- 1.21%
- 6M
- 3.29%
- 1Y
- 8.33%
- 3Y*
- 7.22%
- 5Y*
- 3.05%
- 10Y*
- —
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IBDR vs. OVT - Expense Ratio Comparison
IBDR has a 0.10% expense ratio, which is lower than OVT's 0.80% expense ratio.
Return for Risk
IBDR vs. OVT — Risk / Return Rank
IBDR
OVT
IBDR vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) 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.
| IBDR | OVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.39 | 2.10 | +3.29 |
Sortino ratioReturn per unit of downside risk | 9.54 | 3.00 | +6.54 |
Omega ratioGain probability vs. loss probability | 2.66 | 1.42 | +1.25 |
Calmar ratioReturn relative to maximum drawdown | 11.93 | 4.46 | +7.47 |
Martin ratioReturn relative to average drawdown | 82.60 | 16.27 | +66.33 |
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
| IBDR | OVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.39 | 2.10 | +3.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.66 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.64 | -0.04 |
Correlation
The correlation between IBDR and OVT is 0.55, 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.
Dividends
IBDR vs. OVT - Dividend Comparison
IBDR's dividend yield for the trailing twelve months is around 4.18%, less than OVT's 8.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.18% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% |
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% |
Drawdowns
IBDR vs. OVT - Drawdown Comparison
The maximum IBDR drawdown since its inception was -16.06%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for IBDR and OVT.
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Drawdown Indicators
| IBDR | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -13.59% | -2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.37% | -1.94% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -13.13% | -13.59% | +0.46% |
Current DrawdownCurrent decline from peak | 0.00% | -0.82% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -3.50% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.53% | -0.48% |
Volatility
IBDR vs. OVT - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) is 0.15%, while Overlay Shares Short Term Bond ETF (OVT) has a volatility of 1.46%. This indicates that IBDR 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.
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Volatility by Period
| IBDR | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 1.46% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 0.38% | 2.83% | -2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.82% | 3.99% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.43% | 4.63% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 4.59% | +0.32% |