MYCF vs. OVT

Last updated Jun 4, 2026

MYCF (State Street My2026 Corporate Bond ETF) and OVT (Overlay Shares Short Term Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past year, MYCF returned 4.60% vs 8.92% for OVT. At a 0.26 correlation, their price movements are largely independent. MYCF charges 0.15%/yr vs 0.80%/yr for OVT.

Performance

MYCF vs. OVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2026 Corporate Bond ETF (MYCF) and Overlay Shares Short Term Bond ETF (OVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYCF achieves a 1.63% return, which is significantly lower than OVT's 2.61% return.

MYCF

• 1D: 0.04%
• 1M: 0.41%
• YTD: 1.63%
• 6M: 2.04%
• 1Y: 4.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OVT

• 1D: -0.16%
• 1M: 0.55%
• YTD: 2.61%
• 6M: 3.07%
• 1Y: 8.92%
• 3Y*: 7.44%
• 5Y*: 3.01%
• 10Y*: —

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

MYCF vs. OVT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYCF State Street My2026 Corporate Bond ETF	1.63%	5.12%	0.74%
OVT Overlay Shares Short Term Bond ETF	2.61%	7.61%	-1.13%

Correlation

The correlation between MYCF and OVT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.26

Return for Risk

MYCF vs. OVT — Risk / Return Rank

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

MYCF

MYCF Risk / Return Rank: 99
MYCF Sharpe Ratio Rank: 99
MYCF Sortino Ratio Rank: 99
MYCF Omega Ratio Rank: 99
MYCF Calmar Ratio Rank: 99
MYCF Martin Ratio Rank: 99

OVT

OVT Risk / Return Rank: 85
OVT Sharpe Ratio Rank: 80
OVT Sortino Ratio Rank: 84
OVT Omega Ratio Rank: 84
OVT Calmar Ratio Rank: 91
OVT Martin Ratio Rank: 89

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.

MYCF vs. OVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2026 Corporate Bond ETF (MYCF) 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.

	MYCF	OVT	Difference
Sharpe ratio: Return per unit of total volatility	6.98	2.60	+4.38
Sortino ratio: Return per unit of downside risk	13.23	3.83	+9.40
Omega ratio: Gain probability vs. loss probability	3.22	1.51	+1.70
Calmar ratio: Return relative to maximum drawdown	38.53	5.78	+32.75
Martin ratio: Return relative to average drawdown	164.09	20.00	+144.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MYCF vs. OVT - Sharpe Ratio Comparison

The current MYCF Sharpe Ratio is 6.98, which is higher than the OVT Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of MYCF and OVT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MYCF	OVT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.98	2.60	+4.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.12	0.69	+3.44

Drawdowns

MYCF vs. OVT - Drawdown Comparison

The maximum MYCF drawdown since its inception was -0.60%, smaller than the maximum OVT drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for MYCF and OVT.

Drawdown Indicators

	MYCF	OVT	Difference
Max Drawdown Largest peak-to-trough decline	-0.60%	-13.59%	+12.99%
Max Drawdown (1Y) Largest decline over 1 year	-0.12%	-1.55%	+1.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.59%	—
Current Drawdown Current decline from peak	0.00%	-0.41%	+0.41%
Average Drawdown Average peak-to-trough decline	-0.03%	-3.39%	+3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	0.45%	-0.42%

Volatility

MYCF vs. OVT - Volatility Comparison

The current volatility for State Street My2026 Corporate Bond ETF (MYCF) is 0.15%, while Overlay Shares Short Term Bond ETF (OVT) has a volatility of 0.83%. This indicates that MYCF experiences smaller price fluctuations and is considered to be less risky than OVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYCF	OVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	0.83%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	0.43%	2.52%	-2.09%
Volatility (1Y) Calculated over the trailing 1-year period	0.66%	3.44%	-2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.09%	4.63%	-3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.09%	4.54%	-3.45%

MYCF vs. OVT - Expense Ratio Comparison

MYCF has a 0.15% expense ratio, which is lower than OVT's 0.80% expense ratio.

Dividends

MYCF vs. OVT - Dividend Comparison

MYCF's dividend yield for the trailing twelve months is around 4.40%, less than OVT's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021
MYCF State Street My2026 Corporate Bond ETF	4.40%	4.50%	1.21%	0.00%	0.00%	0.00%
OVT Overlay Shares Short Term Bond ETF	8.17%	7.21%	6.15%	5.11%	4.12%	4.41%

Frequently Asked Questions

Can I hold both MYCF and OVT in my portfolio?

MYCF and OVT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYCF or OVT?

OVT has higher volatility (0.83%) compared to MYCF (0.15%). In terms of maximum drawdown, MYCF dropped -0.60% vs OVT's -13.59%.

Which ETF is better, MYCF or OVT?

On 1-year performance, OVT leads with 8.92% vs 4.60% for MYCF. On fees, MYCF is cheaper at 0.15% per year. On volatility, MYCF has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYCF or OVT?

Over the 1-year period, OVT has performed better with a 8.92% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYCF or OVT?

MYCF is cheaper with a 0.15% expense ratio, compared with 0.80% for OVT.

Which ETF pays a higher dividend yield, MYCF or OVT?

OVT has the higher dividend yield at 8.17%, compared with 4.40% for MYCF.

What is the main difference between MYCF and OVT?

They also come from different issuers: State Street and Liquid Strategies. Their fees differ too: 0.15% for MYCF and 0.80% for OVT.

Which has better risk-adjusted returns?

MYCF currently has the higher Sharpe Ratio (6.98 vs 2.60), 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.