OVT vs. BSCZ

Last updated Jun 4, 2026

OVT (Overlay Shares Short Term Bond ETF) and BSCZ (Invesco BulletShares 2035 Corporate Bond ETF) are both Corporate Bonds funds. OVT is actively managed, while BSCZ is passively managed. A 0.66 correlation means they provide meaningful diversification when combined. OVT charges 0.80%/yr vs 0.10%/yr for BSCZ.

Performance

OVT vs. BSCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Overlay Shares Short Term Bond ETF (OVT) and Invesco BulletShares 2035 Corporate Bond ETF (BSCZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OVT achieves a 2.61% return, which is significantly higher than BSCZ's 0.18% return.

OVT

• 1D: -0.16%
• 1M: 0.55%
• YTD: 2.61%
• 6M: 3.07%
• 1Y: 8.92%
• 3Y*: 7.44%
• 5Y*: 3.01%
• 10Y*: —

BSCZ

• 1D: -0.24%
• 1M: 0.42%
• YTD: 0.18%
• 6M: -0.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OVT vs. BSCZ - Yearly Performance Comparison

	2026 (YTD)	2025
OVT Overlay Shares Short Term Bond ETF	2.61%	6.01%
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	0.18%	5.67%

Correlation

The correlation between OVT and BSCZ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.66

OVT vs. BSCZ - Sectors Allocation Comparison

Sectors	OVT	BSCZ
Technology	35.6%	10.5%
Financial Services	11.8%	9.8%
Communication Services	11.2%	10.8%
Consumer Cyclical	10.1%	7.4%
Healthcare	8.5%	12.1%
Industrials	8.3%	7.3%
Consumer Defensive	4.9%	4.6%
Energy	3.5%	8.9%
Utilities	2.4%	5.0%
Real Estate	1.9%	3.5%
Basic Materials	1.8%	1.7%

Return for Risk

OVT vs. BSCZ — Risk / Return Rank

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

OVT

OVT Risk / Return Rank: 85
OVT Sharpe Ratio Rank: 80
OVT Sortino Ratio Rank: 84
OVT Omega Ratio Rank: 84
OVT Calmar Ratio Rank: 91
OVT Martin Ratio Rank: 89

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.

OVT vs. BSCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Short Term Bond ETF (OVT) and Invesco BulletShares 2035 Corporate Bond ETF (BSCZ). 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.

	OVT	BSCZ	Difference
Sharpe ratio: Return per unit of total volatility	2.60	—	—
Sortino ratio: Return per unit of downside risk	3.83	—	—
Omega ratio: Gain probability vs. loss probability	1.51	—	—
Calmar ratio: Return relative to maximum drawdown	5.78	—	—
Martin ratio: Return relative to average drawdown	20.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	OVT	BSCZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	1.21	-0.53

Drawdowns

OVT vs. BSCZ - Drawdown Comparison

The maximum OVT drawdown since its inception was -13.59%, which is greater than BSCZ's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for OVT and BSCZ.

Drawdown Indicators

	OVT	BSCZ	Difference
Max Drawdown Largest peak-to-trough decline	-13.59%	-3.28%	-10.31%
Max Drawdown (1Y) Largest decline over 1 year	-1.55%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.59%	—	—
Current Drawdown Current decline from peak	-0.41%	-1.46%	+1.05%
Average Drawdown Average peak-to-trough decline	-3.39%	-0.75%	-2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	—	—

Volatility

Volatility by Period

	OVT	BSCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	4.98%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	4.98%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.54%	4.98%	-0.44%

OVT vs. BSCZ - Expense Ratio Comparison

OVT has a 0.80% expense ratio, which is higher than BSCZ's 0.10% expense ratio.

Dividends

OVT vs. BSCZ - Dividend Comparison

OVT's dividend yield for the trailing twelve months is around 8.17%, more than BSCZ's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021
BSCZ Invesco BulletShares 2035 Corporate Bond ETF	4.09%	2.18%	0.00%	0.00%	0.00%	0.00%
OVT Overlay Shares Short Term Bond ETF	8.17%	7.21%	6.15%	5.11%	4.12%	4.41%

Frequently Asked Questions

Can I hold both OVT and BSCZ in my portfolio?

OVT and BSCZ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OVT or BSCZ?

On fees, BSCZ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OVT or BSCZ?

BSCZ is cheaper with a 0.10% expense ratio, compared with 0.80% for OVT.

Which ETF pays a higher dividend yield, OVT or BSCZ?

OVT has the higher dividend yield at 8.17%, compared with 4.09% for BSCZ.

What is the main difference between OVT and BSCZ?

They also come from different issuers: Liquid Strategies and Invesco. Their fees differ too: 0.80% for OVT and 0.10% for BSCZ.