JIGB vs. OVT
Compare and contrast key facts about JPMorgan Corporate Bond Research Enhanced ETF (JIGB) and Overlay Shares Short Term Bond ETF (OVT).
JIGB and OVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JIGB is an actively managed fund by JPMorgan. It was launched on Dec 12, 2018. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Performance
JIGB vs. OVT - Performance Comparison
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JIGB vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JIGB JPMorgan Corporate Bond Research Enhanced ETF | -0.22% | 7.69% | 1.97% | 8.42% | -15.72% | -0.98% |
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, JIGB achieves a -0.22% return, which is significantly lower than OVT's 1.21% return.
JIGB
- 1D
- 0.64%
- 1M
- -1.86%
- YTD
- -0.22%
- 6M
- 0.45%
- 1Y
- 4.97%
- 3Y*
- 4.60%
- 5Y*
- 0.49%
- 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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JIGB vs. OVT - Expense Ratio Comparison
JIGB has a 0.14% expense ratio, which is lower than OVT's 0.80% expense ratio.
Return for Risk
JIGB vs. OVT — Risk / Return Rank
JIGB
OVT
JIGB vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Corporate Bond Research Enhanced ETF (JIGB) 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.
| JIGB | OVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 2.10 | -1.17 |
Sortino ratioReturn per unit of downside risk | 1.29 | 3.00 | -1.71 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 4.46 | -2.74 |
Martin ratioReturn relative to average drawdown | 5.27 | 16.27 | -11.00 |
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
| JIGB | OVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 2.10 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.66 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.64 | -0.23 |
Correlation
The correlation between JIGB and OVT is 0.62, 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
JIGB vs. OVT - Dividend Comparison
JIGB's dividend yield for the trailing twelve months is around 5.05%, less than OVT's 8.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JIGB JPMorgan Corporate Bond Research Enhanced ETF | 4.60% | 5.02% | 5.22% | 4.22% | 3.39% | 3.47% | 4.59% | 5.25% | 0.20% |
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% |
Drawdowns
JIGB vs. OVT - Drawdown Comparison
The maximum JIGB drawdown since its inception was -22.48%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for JIGB and OVT.
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Drawdown Indicators
| JIGB | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -13.59% | -8.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -1.94% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -22.32% | -13.59% | -8.73% |
Current DrawdownCurrent decline from peak | -2.10% | -0.82% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -3.50% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.53% | +0.45% |
Volatility
JIGB vs. OVT - Volatility Comparison
JPMorgan Corporate Bond Research Enhanced ETF (JIGB) has a higher volatility of 2.12% compared to Overlay Shares Short Term Bond ETF (OVT) at 1.46%. This indicates that JIGB's price experiences larger fluctuations and is considered to be riskier 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
| JIGB | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 1.46% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 2.83% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.38% | 3.99% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 4.63% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 4.59% | +2.92% |