LKOR vs. OVT
Compare and contrast key facts about FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) and Overlay Shares Short Term Bond ETF (OVT).
LKOR and OVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LKOR is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust US Long Corporate Bond Quality Value Index. It was launched on Sep 24, 2015. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Performance
LKOR vs. OVT - Performance Comparison
Loading graphics...
LKOR vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | -0.80% | 7.04% | -1.02% | 11.64% | -25.55% | 0.94% |
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, LKOR achieves a -0.80% return, which is significantly lower than OVT's 1.21% return.
LKOR
- 1D
- 0.89%
- 1M
- -2.86%
- YTD
- -0.80%
- 6M
- -1.40%
- 1Y
- 3.88%
- 3Y*
- 3.42%
- 5Y*
- -1.50%
- 10Y*
- 2.68%
OVT
- 1D
- 0.59%
- 1M
- -0.82%
- YTD
- 1.21%
- 6M
- 3.29%
- 1Y
- 8.33%
- 3Y*
- 7.22%
- 5Y*
- 3.05%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LKOR vs. OVT - Expense Ratio Comparison
LKOR has a 0.22% expense ratio, which is lower than OVT's 0.80% expense ratio.
Return for Risk
LKOR vs. OVT — Risk / Return Rank
LKOR
OVT
LKOR vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) 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.
| LKOR | OVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 2.10 | -1.72 |
Sortino ratioReturn per unit of downside risk | 0.57 | 3.00 | -2.43 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.42 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 4.46 | -3.69 |
Martin ratioReturn relative to average drawdown | 1.81 | 16.27 | -14.46 |
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 graphics...
Sharpe Ratios by Period
| LKOR | OVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 2.10 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.66 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.64 | -0.40 |
Correlation
The correlation between LKOR and OVT is 0.58, 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
LKOR vs. OVT - Dividend Comparison
LKOR's dividend yield for the trailing twelve months is around 5.72%, less than OVT's 8.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 5.72% | 5.57% | 5.52% | 4.90% | 4.71% | 4.73% | 6.56% | 3.71% | 4.21% | 3.77% | 5.53% | 1.22% |
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
LKOR vs. OVT - Drawdown Comparison
The maximum LKOR drawdown since its inception was -34.78%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for LKOR and OVT.
Loading graphics...
Drawdown Indicators
| LKOR | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.78% | -13.59% | -21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.63% | -1.94% | -3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -34.78% | -13.59% | -21.19% |
Max Drawdown (10Y)Largest decline over 10 years | -34.78% | — | — |
Current DrawdownCurrent decline from peak | -14.96% | -0.82% | -14.14% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -3.50% | -6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 0.53% | +1.86% |
Volatility
LKOR vs. OVT - Volatility Comparison
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) has a higher volatility of 3.92% compared to Overlay Shares Short Term Bond ETF (OVT) at 1.46%. This indicates that LKOR'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.
Loading graphics...
Volatility by Period
| LKOR | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 1.46% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 2.83% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.30% | 3.99% | +6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 4.63% | +8.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 4.59% | +8.63% |