NFLT vs. OVB
Compare and contrast key facts about Virtus Newfleet Multi-Sector Bond ETF (NFLT) and Overlay Shares Core Bond ETF (OVB).
NFLT and OVB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFLT is an actively managed fund by Virtus Investment Partners. It was launched on Aug 11, 2015. OVB is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFLT or OVB.
Key characteristics
| NFLT | OVB | |
|---|---|---|
| YTD Return | 5.66% | 6.00% |
| 1Y Return | 13.63% | 16.98% |
| 3Y Return (Ann) | 1.57% | -1.72% |
| 5Y Return (Ann) | 3.06% | 0.98% |
| Sharpe Ratio | 2.98 | 2.04 |
| Sortino Ratio | 4.47 | 3.04 |
| Omega Ratio | 1.57 | 1.39 |
| Calmar Ratio | 1.59 | 0.81 |
| Martin Ratio | 23.70 | 13.29 |
| Ulcer Index | 0.59% | 1.28% |
| Daily Std Dev | 4.67% | 8.34% |
| Max Drawdown | -15.17% | -21.69% |
| Current Drawdown | -1.60% | -7.00% |
Correlation
The correlation between NFLT and OVB is 0.53, 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.
Performance
NFLT vs. OVB - Performance Comparison
In the year-to-date period, NFLT achieves a 5.66% return, which is significantly lower than OVB's 6.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NFLT vs. OVB - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is lower than OVB's 0.80% expense ratio.
Risk-Adjusted Performance
NFLT vs. OVB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) 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.
Dividends
NFLT vs. OVB - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.44%, which matches OVB's 5.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.44% | 6.02% | 4.16% | 3.41% | 3.62% | 4.26% | 4.81% | 6.23% | 5.30% | 0.67% |
OVB Overlay Shares Core Bond ETF | 5.49% | 5.20% | 4.67% | 4.59% | 3.87% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NFLT vs. OVB - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, smaller than the maximum OVB drawdown of -21.69%. Use the drawdown chart below to compare losses from any high point for NFLT and OVB. For additional features, visit the drawdowns tool.
Volatility
NFLT vs. OVB - Volatility Comparison
The current volatility for Virtus Newfleet Multi-Sector Bond ETF (NFLT) is 1.33%, while Overlay Shares Core Bond ETF (OVB) has a volatility of 1.52%. This indicates that NFLT experiences smaller price fluctuations and is considered to be less risky than OVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.