Correlation
The correlation between OVM and MEAR is 0.09, 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.
OVM vs. MEAR
Compare and contrast key facts about Overlay Shares Municipal Bond ETF (OVM) and iShares Short Maturity Municipal Bond ETF (MEAR).
OVM and MEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OVM is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019. MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVM or MEAR.
Performance
OVM vs. MEAR - Performance Comparison
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Key characteristics
OVM:
0.10
MEAR:
2.94
OVM:
0.07
MEAR:
4.04
OVM:
1.01
MEAR:
1.68
OVM:
0.02
MEAR:
4.12
OVM:
0.05
MEAR:
25.58
OVM:
2.93%
MEAR:
0.14%
OVM:
6.12%
MEAR:
1.22%
OVM:
-15.58%
MEAR:
-2.68%
OVM:
-5.63%
MEAR:
0.00%
Returns By Period
In the year-to-date period, OVM achieves a -3.00% return, which is significantly lower than MEAR's 1.51% return.
OVM
-3.00%
-0.14%
-5.26%
0.62%
1.55%
0.98%
N/A
MEAR
1.51%
0.44%
1.38%
3.54%
3.18%
1.94%
1.57%
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OVM vs. MEAR - Expense Ratio Comparison
OVM has a 0.82% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Risk-Adjusted Performance
OVM vs. MEAR — Risk-Adjusted Performance Rank
OVM
MEAR
OVM vs. MEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Municipal Bond ETF (OVM) and iShares Short Maturity Municipal Bond ETF (MEAR). 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.
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Dividends
OVM vs. MEAR - Dividend Comparison
OVM's dividend yield for the trailing twelve months is around 5.37%, more than MEAR's 3.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
OVM Overlay Shares Municipal Bond ETF | 5.37% | 4.91% | 4.66% | 4.21% | 6.10% | 3.97% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
MEAR iShares Short Maturity Municipal Bond ETF | 3.24% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
Drawdowns
OVM vs. MEAR - Drawdown Comparison
The maximum OVM drawdown since its inception was -15.58%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for OVM and MEAR.
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Volatility
OVM vs. MEAR - Volatility Comparison
Overlay Shares Municipal Bond ETF (OVM) has a higher volatility of 1.40% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.23%. This indicates that OVM's price experiences larger fluctuations and is considered to be riskier than MEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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