OVT vs. BSV
Compare and contrast key facts about Overlay Shares Short Term Bond ETF (OVT) and Vanguard Short-Term Bond ETF (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 Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVT or BSV.
Performance
OVT vs. BSV - Performance Comparison
Returns By Period
In the year-to-date period, OVT achieves a 7.17% return, which is significantly higher than BSV's 3.23% return.
OVT
7.17%
-1.22%
4.37%
10.92%
N/A
N/A
BSV
3.23%
-0.61%
3.00%
5.57%
1.21%
1.57%
Key characteristics
| OVT | BSV | |
|---|---|---|
| Sharpe Ratio | 2.66 | 2.27 |
| Sortino Ratio | 4.07 | 3.49 |
| Omega Ratio | 1.51 | 1.44 |
| Calmar Ratio | 1.67 | 1.38 |
| Martin Ratio | 16.44 | 9.65 |
| Ulcer Index | 0.69% | 0.60% |
| Daily Std Dev | 4.27% | 2.55% |
| Max Drawdown | -13.59% | -8.54% |
| Current Drawdown | -1.37% | -1.38% |
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OVT vs. BSV - Expense Ratio Comparison
OVT has a 0.80% expense ratio, which is higher than BSV's 0.04% expense ratio.
Correlation
The correlation between OVT and BSV is 0.61, 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.
Risk-Adjusted Performance
OVT vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Short Term Bond ETF (OVT) and Vanguard Short-Term Bond ETF (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.
Dividends
OVT vs. BSV - Dividend Comparison
OVT's dividend yield for the trailing twelve months is around 6.12%, more than BSV's 3.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVT Overlay Shares Short Term Bond ETF | 6.12% | 5.11% | 4.11% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond ETF | 3.26% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% | 1.48% |
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. For additional features, visit the drawdowns tool.
Volatility
OVT vs. BSV - Volatility Comparison
Overlay Shares Short Term Bond ETF (OVT) has a higher volatility of 1.14% compared to Vanguard Short-Term Bond ETF (BSV) at 0.59%. 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.