OVB vs. AGZD
Compare and contrast key facts about Overlay Shares Core Bond ETF (OVB) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD).
OVB and AGZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OVB is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019. AGZD is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. It was launched on Dec 18, 2013.
Performance
OVB vs. AGZD - Performance Comparison
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OVB vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OVB Overlay Shares Core Bond ETF | 1.52% | 7.72% | 4.03% | 6.89% | -16.96% | 0.71% | 9.40% | 1.22% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 1.07% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 1.26% |
Returns By Period
In the year-to-date period, OVB achieves a 1.52% return, which is significantly higher than AGZD's 1.07% return.
OVB
- 1D
- -0.01%
- 1M
- -1.12%
- YTD
- 1.52%
- 6M
- 2.75%
- 1Y
- 7.56%
- 3Y*
- 5.42%
- 5Y*
- 0.90%
- 10Y*
- —
AGZD
- 1D
- -0.17%
- 1M
- 0.89%
- YTD
- 1.07%
- 6M
- 2.46%
- 1Y
- 5.39%
- 3Y*
- 6.07%
- 5Y*
- 4.09%
- 10Y*
- 3.11%
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OVB vs. AGZD - Expense Ratio Comparison
OVB has a 0.79% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Return for Risk
OVB vs. AGZD — Risk / Return Rank
OVB
AGZD
OVB vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Core Bond ETF (OVB) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD). 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.
| OVB | AGZD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.58 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.73 | 2.36 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.97 | 4.31 | -1.34 |
Martin ratioReturn relative to average drawdown | 8.60 | 14.52 | -5.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OVB | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.58 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 1.15 | -1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.63 | -0.38 |
Correlation
The correlation between OVB and AGZD is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
OVB vs. AGZD - Dividend Comparison
OVB's dividend yield for the trailing twelve months is around 7.37%, more than AGZD's 4.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVB Overlay Shares Core Bond ETF | 7.37% | 6.00% | 5.81% | 5.20% | 4.67% | 4.59% | 3.88% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 4.07% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
Drawdowns
OVB vs. AGZD - Drawdown Comparison
The maximum OVB drawdown since its inception was -21.69%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for OVB and AGZD.
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Drawdown Indicators
| OVB | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.69% | -8.46% | -13.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -1.14% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -2.23% | -19.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.46% | — |
Current DrawdownCurrent decline from peak | -1.40% | -0.17% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -0.78% | -6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.34% | +0.58% |
Volatility
OVB vs. AGZD - Volatility Comparison
Overlay Shares Core Bond ETF (OVB) has a higher volatility of 2.44% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 0.74%. This indicates that OVB's price experiences larger fluctuations and is considered to be riskier than AGZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OVB | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 0.74% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 2.06% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 3.47% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.29% | 3.56% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 3.79% | +3.86% |