OVB vs. NFLT
Compare and contrast key facts about Overlay Shares Core Bond ETF (OVB) and Virtus Newfleet Multi-Sector Bond ETF (NFLT).
OVB and NFLT 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. NFLT is an actively managed fund by Virtus Investment Partners. It was launched on Aug 11, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVB or NFLT.
Correlation
The correlation between OVB and NFLT is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OVB vs. NFLT - Performance Comparison
Key characteristics
OVB:
0.69
NFLT:
1.34
OVB:
1.02
NFLT:
1.91
OVB:
1.13
NFLT:
1.24
OVB:
0.38
NFLT:
2.21
OVB:
2.03
NFLT:
7.81
OVB:
2.37%
NFLT:
0.82%
OVB:
7.25%
NFLT:
4.78%
OVB:
-21.68%
NFLT:
-15.17%
OVB:
-8.23%
NFLT:
-1.04%
Returns By Period
In the year-to-date period, OVB achieves a 0.54% return, which is significantly lower than NFLT's 1.27% return.
OVB
0.54%
0.19%
-1.18%
4.95%
-0.12%
N/A
NFLT
1.27%
0.44%
1.07%
6.36%
4.27%
N/A
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OVB vs. NFLT - Expense Ratio Comparison
OVB has a 0.80% expense ratio, which is higher than NFLT's 0.50% expense ratio.
Risk-Adjusted Performance
OVB vs. NFLT — Risk-Adjusted Performance Rank
OVB
NFLT
OVB vs. NFLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Core Bond ETF (OVB) and Virtus Newfleet Multi-Sector Bond ETF (NFLT). 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
OVB vs. NFLT - Dividend Comparison
OVB's dividend yield for the trailing twelve months is around 5.91%, less than NFLT's 6.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
OVB Overlay Shares Core Bond ETF | 5.91% | 5.80% | 5.20% | 4.67% | 4.59% | 3.87% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 6.23% | 6.16% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Drawdowns
OVB vs. NFLT - Drawdown Comparison
The maximum OVB drawdown since its inception was -21.68%, which is greater than NFLT's maximum drawdown of -15.17%. Use the drawdown chart below to compare losses from any high point for OVB and NFLT. For additional features, visit the drawdowns tool.
Volatility
OVB vs. NFLT - Volatility Comparison
The current volatility for Overlay Shares Core Bond ETF (OVB) is 2.05%, while Virtus Newfleet Multi-Sector Bond ETF (NFLT) has a volatility of 2.26%. This indicates that OVB experiences smaller price fluctuations and is considered to be less risky than NFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.