OVB vs. DDV
OVB (Overlay Shares Core Bond ETF) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. OVB charges 0.79%/yr vs 0.25%/yr for DDV.
Performance
OVB vs. DDV - Performance Comparison
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Returns By Period
In the year-to-date period, OVB achieves a 2.58% return, which is significantly higher than DDV's 2.23% return.
OVB
- 1D
- -0.33%
- 1M
- 0.69%
- YTD
- 2.58%
- 6M
- 2.47%
- 1Y
- 9.55%
- 3Y*
- 5.95%
- 5Y*
- 0.74%
- 10Y*
- —
DDV
- 1D
- -0.02%
- 1M
- 0.73%
- YTD
- 2.23%
- 6M
- 2.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OVB vs. DDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OVB Overlay Shares Core Bond ETF | 2.58% | 1.08% |
DDV Defined Duration 5 ETF | 2.23% | 0.71% |
Correlation
The correlation between OVB and DDV is 0.82, 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 Nov 14, 2025 | 0.82 |
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Return for Risk
OVB vs. DDV — Risk / Return Rank
OVB
DDV
OVB vs. DDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Core Bond ETF (OVB) and Defined Duration 5 ETF (DDV). 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 | DDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | — | — |
| Martin ratioReturn relative to average drawdown | 12.52 | — | — |
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 | DDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 2.06 | -1.80 |
Drawdowns
OVB vs. DDV - Drawdown Comparison
The maximum OVB drawdown since its inception was -21.69%, which is greater than DDV's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for OVB and DDV.
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Drawdown Indicators
| OVB | DDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.69% | -1.92% | -19.77% |
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 DrawdownCurrent decline from peak | -0.37% | -0.12% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -0.35% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | — | — |
Volatility
OVB vs. DDV - Volatility Comparison
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Volatility by Period
| OVB | DDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.80% | 2.68% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.31% | 2.68% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 2.68% | +4.90% |
OVB vs. DDV - Expense Ratio Comparison
OVB has a 0.79% expense ratio, which is higher than DDV's 0.25% expense ratio.
Dividends
OVB vs. DDV - Dividend Comparison
OVB's dividend yield for the trailing twelve months is around 6.96%, more than DDV's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DDV Defined Duration 5 ETF | 1.21% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OVB Overlay Shares Core Bond ETF | 6.96% | 6.00% | 5.81% | 5.20% | 4.67% | 4.59% | 3.88% | 0.58% |
Frequently Asked Questions
OVB and DDV have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DDV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DDV is cheaper with a 0.25% expense ratio, compared with 0.79% for OVB.
OVB has the higher dividend yield at 6.96%, compared with 1.21% for DDV.
They also come from different issuers: Liquid Strategies and Discipline Funds. Their fees differ too: 0.79% for OVB and 0.25% for DDV.
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