OVB vs. OVT
Compare and contrast key facts about Overlay Shares Core Bond ETF (OVB) and Overlay Shares Short Term Bond ETF (OVT).
OVB and OVT 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. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVB or OVT.
Correlation
The correlation between OVB and OVT is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OVB vs. OVT - Performance Comparison
Key characteristics
OVB:
0.66
OVT:
1.91
OVB:
1.00
OVT:
2.87
OVB:
1.12
OVT:
1.36
OVB:
0.34
OVT:
1.65
OVB:
3.00
OVT:
11.41
OVB:
1.67%
OVT:
0.72%
OVB:
7.64%
OVT:
4.31%
OVB:
-21.69%
OVT:
-13.59%
OVB:
-8.40%
OVT:
-1.42%
Returns By Period
In the year-to-date period, OVB achieves a 4.41% return, which is significantly lower than OVT's 7.53% return.
OVB
4.41%
-0.09%
1.16%
4.87%
0.46%
N/A
OVT
7.53%
0.16%
3.49%
8.18%
N/A
N/A
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OVB vs. OVT - Expense Ratio Comparison
Both OVB and OVT have an expense ratio of 0.80%.
Risk-Adjusted Performance
OVB vs. OVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Core Bond ETF (OVB) and Overlay Shares Short Term Bond ETF (OVT). 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. OVT - Dividend Comparison
OVB's dividend yield for the trailing twelve months is around 5.58%, less than OVT's 6.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
OVB Overlay Shares Core Bond ETF | 5.58% | 5.20% | 4.67% | 4.59% | 3.87% | 0.58% |
OVT Overlay Shares Short Term Bond ETF | 6.10% | 5.11% | 4.11% | 4.41% | 0.00% | 0.00% |
Drawdowns
OVB vs. OVT - Drawdown Comparison
The maximum OVB drawdown since its inception was -21.69%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for OVB and OVT. For additional features, visit the drawdowns tool.
Volatility
OVB vs. OVT - Volatility Comparison
Overlay Shares Core Bond ETF (OVB) has a higher volatility of 2.01% compared to Overlay Shares Short Term Bond ETF (OVT) at 1.27%. This indicates that OVB's price experiences larger fluctuations and is considered to be riskier than OVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.