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. It was launched on Aug 10, 2015.
Performance
OVB vs. NFLT - Performance Comparison
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OVB vs. NFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OVB Overlay Shares Core Bond ETF | 1.53% | 7.72% | 4.03% | 6.89% | -16.96% | 0.71% | 9.40% | 1.22% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | -0.18% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 1.64% |
Returns By Period
In the year-to-date period, OVB achieves a 1.53% return, which is significantly higher than NFLT's -0.18% return.
OVB
- 1D
- 0.72%
- 1M
- -1.39%
- YTD
- 1.53%
- 6M
- 3.08%
- 1Y
- 7.93%
- 3Y*
- 5.42%
- 5Y*
- 0.90%
- 10Y*
- —
NFLT
- 1D
- 0.44%
- 1M
- -1.60%
- YTD
- -0.18%
- 6M
- 1.38%
- 1Y
- 6.64%
- 3Y*
- 6.97%
- 5Y*
- 3.17%
- 10Y*
- 4.13%
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OVB vs. NFLT - Expense Ratio Comparison
OVB has a 0.79% expense ratio, which is higher than NFLT's 0.50% expense ratio.
Return for Risk
OVB vs. NFLT — Risk / Return Rank
OVB
NFLT
OVB vs. NFLT - Risk-Adjusted Trends 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.
| OVB | NFLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.36 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.91 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.67 | +0.34 |
Martin ratioReturn relative to average drawdown | 8.76 | 10.69 | -1.93 |
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 | NFLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.36 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.72 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.82 | -0.58 |
Correlation
The correlation between OVB and NFLT is 0.52, 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.
Dividends
OVB vs. NFLT - Dividend Comparison
OVB's dividend yield for the trailing twelve months is around 7.37%, more than NFLT's 5.66% 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% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.66% | 5.74% | 5.76% | 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 -21.69%, 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.
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Drawdown Indicators
| OVB | NFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.69% | -15.17% | -6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.52% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -13.42% | -8.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.17% | — |
Current DrawdownCurrent decline from peak | -1.39% | -1.68% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -2.13% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.63% | +0.29% |
Volatility
OVB vs. NFLT - Volatility Comparison
Overlay Shares Core Bond ETF (OVB) has a higher volatility of 2.44% compared to Virtus Newfleet Multi-Sector Bond ETF (NFLT) at 2.03%. This indicates that OVB's price experiences larger fluctuations and is considered to be riskier than NFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OVB | NFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 2.03% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 3.00% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 4.92% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.30% | 4.42% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 4.93% | +2.72% |