IBMP vs. OVM
Compare and contrast key facts about iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) and Overlay Shares Municipal Bond ETF (OVM).
IBMP and OVM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBMP is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Callable Factor Adjusted 2027 Series Index. It was launched on Apr 9, 2019. OVM is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019.
Performance
IBMP vs. OVM - Performance Comparison
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IBMP vs. OVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF | 0.62% | 3.52% | 1.26% | 3.49% | -6.09% | -0.16% | 6.22% | 0.48% |
OVM Overlay Shares Municipal Bond ETF | 1.20% | 4.14% | 3.42% | 7.35% | -11.26% | 4.22% | 6.17% | 1.72% |
Returns By Period
In the year-to-date period, IBMP achieves a 0.62% return, which is significantly lower than OVM's 1.20% return.
IBMP
- 1D
- 0.08%
- 1M
- -0.13%
- YTD
- 0.62%
- 6M
- 1.12%
- 1Y
- 3.16%
- 3Y*
- 2.33%
- 5Y*
- 0.69%
- 10Y*
- —
OVM
- 1D
- 0.57%
- 1M
- -1.86%
- YTD
- 1.20%
- 6M
- 3.29%
- 1Y
- 7.50%
- 3Y*
- 4.29%
- 5Y*
- 1.47%
- 10Y*
- —
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IBMP vs. OVM - Expense Ratio Comparison
IBMP has a 0.18% expense ratio, which is lower than OVM's 0.82% expense ratio.
Return for Risk
IBMP vs. OVM — Risk / Return Rank
IBMP
OVM
IBMP vs. OVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) and Overlay Shares Municipal Bond ETF (OVM). 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.
| IBMP | OVM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.22 | 1.33 | +0.89 |
Sortino ratioReturn per unit of downside risk | 3.10 | 1.86 | +1.23 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.29 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.05 | +0.53 |
Martin ratioReturn relative to average drawdown | 10.75 | 8.19 | +2.57 |
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
| IBMP | OVM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 1.33 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.27 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.37 | +0.01 |
Correlation
The correlation between IBMP and OVM is 0.50, 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
IBMP vs. OVM - Dividend Comparison
IBMP's dividend yield for the trailing twelve months is around 2.48%, less than OVM's 6.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF | 2.48% | 2.47% | 2.35% | 2.05% | 1.26% | 0.86% | 1.16% | 1.06% |
OVM Overlay Shares Municipal Bond ETF | 6.76% | 5.45% | 4.91% | 4.66% | 4.21% | 6.10% | 3.97% | 0.58% |
Drawdowns
IBMP vs. OVM - Drawdown Comparison
The maximum IBMP drawdown since its inception was -15.24%, roughly equal to the maximum OVM drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for IBMP and OVM.
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Drawdown Indicators
| IBMP | OVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -15.58% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | -3.89% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | -15.58% | +5.58% |
Current DrawdownCurrent decline from peak | -0.27% | -1.86% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -4.11% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.97% | -0.67% |
Volatility
IBMP vs. OVM - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) is 0.48%, while Overlay Shares Municipal Bond ETF (OVM) has a volatility of 1.98%. This indicates that IBMP experiences smaller price fluctuations and is considered to be less risky than OVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBMP | OVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.98% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 0.83% | 3.35% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.43% | 5.68% | -4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.57% | 5.37% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 6.60% | -1.53% |