OVT vs. FLTR
Compare and contrast key facts about Overlay Shares Short Term Bond ETF (OVT) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR).
OVT and FLTR 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. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011.
Performance
OVT vs. FLTR - Performance Comparison
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OVT vs. FLTR - 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% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 0.71% | 5.22% | 7.38% | 7.41% | 0.74% | 0.31% |
Returns By Period
In the year-to-date period, OVT achieves a 1.21% return, which is significantly higher than FLTR's 0.71% return.
OVT
- 1D
- 0.59%
- 1M
- -0.82%
- YTD
- 1.21%
- 6M
- 3.29%
- 1Y
- 8.33%
- 3Y*
- 7.22%
- 5Y*
- 3.05%
- 10Y*
- —
FLTR
- 1D
- 0.20%
- 1M
- -0.05%
- YTD
- 0.71%
- 6M
- 2.01%
- 1Y
- 4.72%
- 3Y*
- 6.48%
- 5Y*
- 4.28%
- 10Y*
- 3.46%
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OVT vs. FLTR - Expense Ratio Comparison
OVT has a 0.80% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Return for Risk
OVT vs. FLTR — Risk / Return Rank
OVT
FLTR
OVT vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Short Term Bond ETF (OVT) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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 | FLTR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 2.10 | 0.00 |
Sortino ratioReturn per unit of downside risk | 3.00 | 2.43 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.93 | -0.51 |
Calmar ratioReturn relative to maximum drawdown | 4.46 | 2.47 | +1.99 |
Martin ratioReturn relative to average drawdown | 16.27 | 18.16 | -1.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OVT | FLTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.10 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 2.01 | -1.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.51 | +0.13 |
Correlation
The correlation between OVT and FLTR is 0.17, 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.
Dividends
OVT vs. FLTR - Dividend Comparison
OVT's dividend yield for the trailing twelve months is around 8.80%, more than FLTR's 4.89% 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% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 4.89% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
Drawdowns
OVT vs. FLTR - Drawdown Comparison
The maximum OVT drawdown since its inception was -13.59%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for OVT and FLTR.
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Drawdown Indicators
| OVT | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.59% | -17.84% | +4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -1.93% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -13.59% | -3.06% | -10.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.84% | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.12% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -0.68% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.26% | +0.27% |
Volatility
OVT vs. FLTR - Volatility Comparison
Overlay Shares Short Term Bond ETF (OVT) has a higher volatility of 1.46% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.40%. This indicates that OVT's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OVT | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.40% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 0.57% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 2.25% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 2.14% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 5.01% | -0.42% |