MYCO vs. OVT
MYCO (SPDR SSGA My2035 Corporate Bond ETF) and OVT (Overlay Shares Short Term Bond ETF) are both Corporate Bonds funds. Both are actively managed. Their 0.67 correlation means they have sometimes moved together and sometimes differently. MYCO charges 0.15%/yr vs 0.80%/yr for OVT.
Performance
MYCO vs. OVT - Performance Comparison
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Returns By Period
In the year-to-date period, MYCO achieves a -1.05% return, which is significantly lower than OVT's 2.18% return.
MYCO
- 1D
- -0.19%
- 1M
- -1.68%
- 6M
- -1.23%
- YTD
- -1.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
OVT
- 1D
- 0.14%
- 1M
- -0.29%
- 6M
- 1.49%
- YTD
- 2.18%
- 1Y
- 5.78%
- 3Y*
- 7.01%
- 5Y*
- 2.74%
- 10Y*
- —
- ALL TIME*
- 2.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.85K | $14.84K | $23.81K | |
| $448.53K | $331.00K | $285.10K |
MYCO vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MYCO SPDR SSGA My2035 Corporate Bond ETF | -1.05% | 0.67% |
OVT Overlay Shares Short Term Bond ETF | 2.18% | 1.78% |
Correlation
The correlation between MYCO and OVT is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.67 |
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Return for Risk
MYCO vs. OVT — Risk / Return Rank
MYCO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OVT
MYCO vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA My2035 Corporate Bond ETF (MYCO) 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.
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.
| MYCO | OVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.01 | — |
| Martin ratioReturn relative to average drawdown | — | 11.03 | — |
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Drawdowns
MYCO vs. OVT - Drawdown Comparison
The maximum MYCO drawdown since its inception was -3.25%, smaller than the maximum OVT drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for MYCO and OVT.
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Drawdown Indicators
| MYCO | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.25% | -13.59% | +10.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.55% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.59% | — |
Current DrawdownCurrent decline from peak | -2.69% | -0.83% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -1.02% | -3.32% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.56% | — |
Volatility
MYCO vs. OVT - Volatility Comparison
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Volatility by Period
| MYCO | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 3.72% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.66% | 4.69% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 4.54% | +0.12% |
MYCO vs. OVT - Expense Ratio Comparison
MYCO has a 0.15% expense ratio, which is lower than OVT's 0.80% expense ratio.
Dividends
MYCO vs. OVT - Dividend Comparison
MYCO's dividend yield for the trailing twelve months is around 3.85%, less than OVT's 7.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MYCO SPDR SSGA My2035 Corporate Bond ETF | 3.85% | 1.41% | 0.00% | 0.00% | 0.00% | 0.00% |
OVT Overlay Shares Short Term Bond ETF | 7.66% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% |
Frequently Asked Questions
MYCO and OVT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MYCO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MYCO is cheaper with a 0.15% expense ratio, compared with 0.80% for OVT.
OVT has the higher dividend yield at 7.66%, compared with 3.85% for MYCO.
They also come from different issuers: State Street and Liquid Strategies. Their fees differ too: 0.15% for MYCO and 0.80% for OVT.
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