OVT vs. BSV
Compare and contrast key facts about Overlay Shares Short Term Bond ETF (OVT) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV).
OVT and BSV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021. BSV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
OVT vs. BSV - Performance Comparison
Loading graphics...
OVT vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OVT Overlay Shares Short Term Bond ETF | 1.21% | 7.61% | 7.44% | 7.73% | -9.68% | 2.07% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.13% | 6.00% | 3.78% | 4.90% | -5.49% | -0.92% |
Returns By Period
In the year-to-date period, OVT achieves a 1.21% return, which is significantly higher than BSV's 0.13% return.
OVT
- 1D
- 0.59%
- 1M
- -0.82%
- YTD
- 1.21%
- 6M
- 3.29%
- 1Y
- 8.33%
- 3Y*
- 7.22%
- 5Y*
- 3.05%
- 10Y*
- —
BSV
- 1D
- 0.14%
- 1M
- -0.78%
- YTD
- 0.13%
- 6M
- 1.33%
- 1Y
- 4.13%
- 3Y*
- 4.27%
- 5Y*
- 1.68%
- 10Y*
- 1.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
OVT vs. BSV - Expense Ratio Comparison
OVT has a 0.80% expense ratio, which is higher than BSV's 0.03% expense ratio.
Return for Risk
OVT vs. BSV — Risk / Return Rank
OVT
BSV
OVT vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Short Term Bond ETF (OVT) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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 | BSV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 2.08 | +0.02 |
Sortino ratioReturn per unit of downside risk | 3.00 | 3.31 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.46 | 3.25 | +1.21 |
Martin ratioReturn relative to average drawdown | 16.27 | 12.45 | +3.82 |
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
| OVT | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.08 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.62 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.86 | -0.21 |
Correlation
The correlation between OVT and BSV is 0.58, 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
OVT vs. BSV - Dividend Comparison
OVT's dividend yield for the trailing twelve months is around 8.80%, more than BSV's 3.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVT Overlay Shares Short Term Bond ETF | 8.80% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.90% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
Drawdowns
OVT vs. BSV - Drawdown Comparison
The maximum OVT drawdown since its inception was -13.59%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for OVT and BSV.
Loading graphics...
Drawdown Indicators
| OVT | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | -8.54% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -1.29% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -13.59% | -8.54% | -5.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.54% | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.78% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -0.98% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.34% | +0.19% |
Volatility
OVT vs. BSV - Volatility Comparison
Overlay Shares Short Term Bond ETF (OVT) has a higher volatility of 1.46% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.77%. This indicates that OVT's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| OVT | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.77% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 1.19% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 2.00% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 2.71% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 2.37% | +2.22% |