IBDV vs. OVT
IBDV (iShares iBonds Dec 2030 Term Corporate ETF) and OVT (Overlay Shares Short Term Bond ETF) are both Corporate Bonds funds. IBDV is passively managed, while OVT is actively managed. Over the past 5 years, IBDV returned 0.95%/yr vs 3.01%/yr for OVT. A 0.61 correlation means they provide meaningful diversification when combined. IBDV charges 0.10%/yr vs 0.80%/yr for OVT.
Performance
IBDV vs. OVT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBDV achieves a 0.30% return, which is significantly lower than OVT's 2.61% return.
IBDV
- 1D
- -0.11%
- 1M
- 0.12%
- YTD
- 0.30%
- 6M
- 0.51%
- 1Y
- 4.91%
- 3Y*
- 5.56%
- 5Y*
- 0.95%
- 10Y*
- —
OVT
- 1D
- -0.16%
- 1M
- 0.55%
- YTD
- 2.61%
- 6M
- 3.07%
- 1Y
- 8.92%
- 3Y*
- 7.44%
- 5Y*
- 3.01%
- 10Y*
- —
IBDV vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBDV iShares iBonds Dec 2030 Term Corporate ETF | 0.30% | 8.19% | 3.42% | 8.51% | -14.67% | -1.54% |
OVT Overlay Shares Short Term Bond ETF | 2.61% | 7.61% | 7.44% | 7.73% | -9.68% | 2.07% |
Correlation
The correlation between IBDV and OVT is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2021 | 0.61 |
The correlation between IBDV and OVT has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBDV vs. OVT — Risk / Return Rank
IBDV
OVT
IBDV vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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.
| IBDV | OVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.51 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 5.78 | -3.39 |
| Martin ratioReturn relative to average drawdown | 8.25 | 20.00 | -11.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBDV | OVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 2.60 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.65 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.69 | -0.51 |
Drawdowns
IBDV vs. OVT - Drawdown Comparison
The maximum IBDV drawdown since its inception was -21.85%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for IBDV and OVT.
Loading charts...
Drawdown Indicators
| IBDV | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -13.59% | -8.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -1.55% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -3.55% | -2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.54% | -13.59% | -7.95% |
Current DrawdownCurrent decline from peak | -0.93% | -0.41% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -3.39% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.45% | +0.15% |
Volatility
IBDV vs. OVT - Volatility Comparison
iShares iBonds Dec 2030 Term Corporate ETF (IBDV) and Overlay Shares Short Term Bond ETF (OVT) have volatilities of 0.83% and 0.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBDV | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.83% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 2.52% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 3.44% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 4.63% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.27% | 4.54% | +1.73% |
IBDV vs. OVT - Expense Ratio Comparison
IBDV has a 0.10% expense ratio, which is lower than OVT's 0.80% expense ratio.
Dividends
IBDV vs. OVT - Dividend Comparison
IBDV's dividend yield for the trailing twelve months is around 4.60%, less than OVT's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBDV iShares iBonds Dec 2030 Term Corporate ETF | 4.60% | 4.57% | 4.69% | 4.09% | 3.02% | 1.99% | 0.90% |
OVT Overlay Shares Short Term Bond ETF | 8.17% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% | 0.00% |
Frequently Asked Questions
IBDV and OVT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OVT has higher volatility (0.83%) compared to IBDV (0.83%). In terms of maximum drawdown, IBDV dropped -21.85% vs OVT's -13.59%.
On 5-year performance, OVT leads with 3.01% vs 0.95% for IBDV. On fees, IBDV is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OVT has performed better with a 3.01% return vs 0.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDV is cheaper with a 0.10% expense ratio, compared with 0.80% for OVT.
OVT has the higher dividend yield at 8.17%, compared with 4.60% for IBDV.
They also come from different issuers: iShares and Liquid Strategies. Their fees differ too: 0.10% for IBDV and 0.80% for OVT.
OVT currently has the higher Sharpe Ratio (2.60 vs 1.69), 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.
Find the right allocation for IBDV and OVT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer