LVIG vs. OVB

Last updated Jun 25, 2026

LVIG (Longview Advantage Fixed Income ETF) and OVB (Overlay Shares Core Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. LVIG charges 0.34%/yr vs 0.79%/yr for OVB.

Performance

LVIG vs. OVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Longview Advantage Fixed Income ETF (LVIG) and Overlay Shares Core Bond ETF (OVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LVIG

• 1D: 0.41%
• 1M: 0.91%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OVB

• 1D: 0.42%
• 1M: 0.50%
• YTD: 2.49%
• 6M: 1.72%
• 1Y: 7.08%
• 3Y*: 5.72%
• 5Y*: 0.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LVIG vs. OVB - Yearly Performance Comparison

	2026 (YTD)
LVIG Longview Advantage Fixed Income ETF	-1.04%
OVB Overlay Shares Core Bond ETF	0.04%

Correlation

The correlation between LVIG and OVB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 10, 2026	0.94

Return for Risk

LVIG vs. OVB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LVIG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

OVB

OVB Risk / Return Rank: 47
OVB Sharpe Ratio Rank: 37
OVB Sortino Ratio Rank: 37
OVB Omega Ratio Rank: 39
OVB Calmar Ratio Rank: 65
OVB Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LVIG vs. OVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Longview Advantage Fixed Income ETF (LVIG) and Overlay Shares Core Bond ETF (OVB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LVIG	OVB	Difference
Sharpe ratio: Return per unit of total volatility	—	1.21	—
Sortino ratio: Return per unit of downside risk	—	1.76	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.86	—
Martin ratio: Return relative to average drawdown	—	9.06	—

Drawdowns

LVIG vs. OVB - Drawdown Comparison

The maximum LVIG drawdown since its inception was -2.72%, smaller than the maximum OVB drawdown of -21.69%. Use the drawdown chart below to compare losses from any high point for LVIG and OVB.

Drawdown Indicators

	LVIG	OVB	Difference
Max Drawdown Largest peak-to-trough decline	-2.72%	-21.69%	+18.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.69%	—
Current Drawdown Current decline from peak	-1.04%	-0.46%	-0.58%
Average Drawdown Average peak-to-trough decline	-1.22%	-6.99%	+5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.79%	—

Volatility

Volatility by Period

	LVIG	OVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.92%	5.97%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.92%	7.34%	-2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.92%	7.58%	-2.66%

LVIG vs. OVB - Expense Ratio Comparison

LVIG has a 0.34% expense ratio, which is lower than OVB's 0.79% expense ratio.

Dividends

LVIG vs. OVB - Dividend Comparison

LVIG has not paid dividends to shareholders, while OVB's dividend yield for the trailing twelve months is around 6.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
LVIG Longview Advantage Fixed Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OVB Overlay Shares Core Bond ETF	6.97%	6.00%	5.81%	5.20%	4.67%	4.59%	3.88%	0.58%

Frequently Asked Questions

Can I hold both LVIG and OVB in my portfolio?

With a correlation of 0.94, LVIG and OVB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, LVIG or OVB?

On fees, LVIG is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LVIG or OVB?

LVIG is cheaper with a 0.34% expense ratio, compared with 0.79% for OVB.

Which ETF pays a higher dividend yield, LVIG or OVB?

OVB has the higher dividend yield at 6.97%, compared with 0.00% for LVIG.

What is the main difference between LVIG and OVB?

They also come from different issuers: Longview and Liquid Strategies. Their fees differ too: 0.34% for LVIG and 0.79% for OVB.