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OVS vs. OVT
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

OVS vs. OVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Overlay Shares Small Cap Equity ETF (OVS) and Overlay Shares Short Term Bond ETF (OVT). The values are adjusted to include any dividend payments, if applicable.

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OVS vs. OVT - Yearly Performance Comparison


2026 (YTD)20252024202320222021
OVS
Overlay Shares Small Cap Equity ETF
4.70%6.15%11.07%17.20%-19.99%20.12%
OVT
Overlay Shares Short Term Bond ETF
1.21%7.61%7.44%7.73%-9.68%2.07%

Returns By Period

In the year-to-date period, OVS achieves a 4.70% return, which is significantly higher than OVT's 1.21% return.


OVS

1D
3.03%
1M
-3.86%
YTD
4.70%
6M
6.98%
1Y
23.91%
3Y*
12.01%
5Y*
4.50%
10Y*

OVT

1D
0.59%
1M
-0.82%
YTD
1.21%
6M
3.29%
1Y
8.33%
3Y*
7.22%
5Y*
3.05%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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OVS vs. OVT - Expense Ratio Comparison

OVS has a 0.83% expense ratio, which is higher than OVT's 0.80% expense ratio.


Return for Risk

OVS vs. OVT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OVS
OVS Risk / Return Rank: 5656
Overall Rank
OVS Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
OVS Sortino Ratio Rank: 5656
Sortino Ratio Rank
OVS Omega Ratio Rank: 5151
Omega Ratio Rank
OVS Calmar Ratio Rank: 6060
Calmar Ratio Rank
OVS Martin Ratio Rank: 6363
Martin Ratio Rank

OVT
OVT Risk / Return Rank: 9494
Overall Rank
OVT Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
OVT Sortino Ratio Rank: 9595
Sortino Ratio Rank
OVT Omega Ratio Rank: 9393
Omega Ratio Rank
OVT Calmar Ratio Rank: 9696
Calmar Ratio Rank
OVT Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OVS vs. OVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Small Cap Equity ETF (OVS) 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.


OVSOVTDifference

Sharpe ratio

Return per unit of total volatility

0.96

2.10

-1.14

Sortino ratio

Return per unit of downside risk

1.48

3.00

-1.52

Omega ratio

Gain probability vs. loss probability

1.20

1.42

-0.22

Calmar ratio

Return relative to maximum drawdown

1.56

4.46

-2.91

Martin ratio

Return relative to average drawdown

6.45

16.27

-9.82

OVS vs. OVT - Sharpe Ratio Comparison

The current OVS Sharpe Ratio is 0.96, which is lower than the OVT Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of OVS and OVT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


OVSOVTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.96

2.10

-1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.19

0.66

-0.47

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.64

-0.27

Correlation

The correlation between OVS and OVT is 0.53, 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

OVS vs. OVT - Dividend Comparison

OVS's dividend yield for the trailing twelve months is around 6.32%, less than OVT's 8.80% yield.


TTM2025202420232022202120202019
OVS
Overlay Shares Small Cap Equity ETF
6.32%3.69%4.08%3.19%3.43%4.05%1.74%0.54%
OVT
Overlay Shares Short Term Bond ETF
8.80%7.21%6.15%5.11%4.12%4.41%0.00%0.00%

Drawdowns

OVS vs. OVT - Drawdown Comparison

The maximum OVS drawdown since its inception was -45.09%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for OVS and OVT.


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Drawdown Indicators


OVSOVTDifference

Max Drawdown

Largest peak-to-trough decline

-45.09%

-13.59%

-31.50%

Max Drawdown (1Y)

Largest decline over 1 year

-15.95%

-1.94%

-14.01%

Max Drawdown (5Y)

Largest decline over 5 years

-30.49%

-13.59%

-16.90%

Current Drawdown

Current decline from peak

-5.40%

-0.82%

-4.58%

Average Drawdown

Average peak-to-trough decline

-11.63%

-3.50%

-8.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.85%

0.53%

+3.32%

Volatility

OVS vs. OVT - Volatility Comparison

Overlay Shares Small Cap Equity ETF (OVS) has a higher volatility of 6.99% compared to Overlay Shares Short Term Bond ETF (OVT) at 1.46%. This indicates that OVS'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.


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Volatility by Period


OVSOVTDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.99%

1.46%

+5.53%

Volatility (6M)

Calculated over the trailing 6-month period

14.80%

2.83%

+11.97%

Volatility (1Y)

Calculated over the trailing 1-year period

24.98%

3.99%

+20.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.35%

4.63%

+18.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.72%

4.59%

+23.13%