OVM vs. ACTHX
Compare and contrast key facts about Overlay Shares Municipal Bond ETF (OVM) and Invesco High Yield Municipal Fund (ACTHX).
OVM is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019. ACTHX is managed by Invesco. It was launched on Jan 1, 1986.
Performance
OVM vs. ACTHX - Performance Comparison
Loading graphics...
OVM vs. ACTHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OVM Overlay Shares Municipal Bond ETF | 1.20% | 4.14% | 3.42% | 7.35% | -11.26% | 4.22% | 6.17% | 1.72% |
ACTHX Invesco High Yield Municipal Fund | -0.69% | 4.38% | 5.54% | 4.34% | -13.94% | 6.29% | 3.25% | 1.27% |
Returns By Period
In the year-to-date period, OVM achieves a 1.20% return, which is significantly higher than ACTHX's -0.69% return.
OVM
- 1D
- 0.57%
- 1M
- -1.86%
- YTD
- 1.20%
- 6M
- 3.29%
- 1Y
- 7.50%
- 3Y*
- 4.29%
- 5Y*
- 1.47%
- 10Y*
- —
ACTHX
- 1D
- 0.37%
- 1M
- -2.63%
- YTD
- -0.69%
- 6M
- 0.53%
- 1Y
- 2.42%
- 3Y*
- 3.60%
- 5Y*
- 0.51%
- 10Y*
- 2.70%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
OVM vs. ACTHX - Expense Ratio Comparison
OVM has a 0.82% expense ratio, which is lower than ACTHX's 1.39% expense ratio.
Return for Risk
OVM vs. ACTHX — Risk / Return Rank
OVM
ACTHX
OVM vs. ACTHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Municipal Bond ETF (OVM) and Invesco High Yield Municipal Fund (ACTHX). 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.
| OVM | ACTHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 0.56 | +0.77 |
Sortino ratioReturn per unit of downside risk | 1.86 | 0.82 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 0.61 | +1.43 |
Martin ratioReturn relative to average drawdown | 8.19 | 1.70 | +6.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| OVM | ACTHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.56 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.09 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.09 | -0.72 |
Correlation
The correlation between OVM and ACTHX is 0.48, 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
OVM vs. ACTHX - Dividend Comparison
OVM's dividend yield for the trailing twelve months is around 6.76%, more than ACTHX's 5.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVM Overlay Shares Municipal Bond ETF | 6.76% | 5.45% | 4.91% | 4.66% | 4.21% | 6.10% | 3.97% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
ACTHX Invesco High Yield Municipal Fund | 5.44% | 7.14% | 5.64% | 4.22% | 4.72% | 3.95% | 4.33% | 4.70% | 4.78% | 4.71% | 5.11% | 4.93% |
Drawdowns
OVM vs. ACTHX - Drawdown Comparison
The maximum OVM drawdown since its inception was -15.58%, smaller than the maximum ACTHX drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for OVM and ACTHX.
Loading graphics...
Drawdown Indicators
| OVM | ACTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -27.29% | +11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -6.45% | +2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -15.58% | -19.83% | +4.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.83% | — |
Current DrawdownCurrent decline from peak | -1.86% | -2.63% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -3.57% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.32% | -1.35% |
Volatility
OVM vs. ACTHX - Volatility Comparison
Overlay Shares Municipal Bond ETF (OVM) has a higher volatility of 1.98% compared to Invesco High Yield Municipal Fund (ACTHX) at 1.24%. This indicates that OVM's price experiences larger fluctuations and is considered to be riskier than ACTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| OVM | ACTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 1.24% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 2.21% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.68% | 6.89% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 5.67% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.60% | 5.36% | +1.24% |