OVT vs. HYMU
Compare and contrast key facts about Overlay Shares Short Term Bond ETF (OVT) and BlackRock High Yield Muni Income Bond ETF (HYMU).
OVT and HYMU 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. HYMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVT or HYMU.
Correlation
The correlation between OVT and HYMU is 0.39, 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.
Performance
OVT vs. HYMU - Performance Comparison
Key characteristics
OVT:
0.65
HYMU:
1.26
OVT:
0.88
HYMU:
1.80
OVT:
1.12
HYMU:
1.24
OVT:
0.80
HYMU:
0.66
OVT:
3.37
HYMU:
6.19
OVT:
0.91%
HYMU:
1.00%
OVT:
4.72%
HYMU:
4.89%
OVT:
-13.59%
HYMU:
-23.22%
OVT:
-3.82%
HYMU:
-2.97%
Returns By Period
In the year-to-date period, OVT achieves a -1.80% return, which is significantly lower than HYMU's 0.44% return.
OVT
-1.80%
-3.16%
-2.40%
3.41%
N/A
N/A
HYMU
0.44%
-1.45%
-0.33%
5.97%
N/A
N/A
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OVT vs. HYMU - Expense Ratio Comparison
OVT has a 0.80% expense ratio, which is higher than HYMU's 0.35% expense ratio.
Risk-Adjusted Performance
OVT vs. HYMU — Risk-Adjusted Performance Rank
OVT
HYMU
OVT vs. HYMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Short Term Bond ETF (OVT) and BlackRock High Yield Muni Income Bond ETF (HYMU). 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. HYMU - Dividend Comparison
OVT's dividend yield for the trailing twelve months is around 4.63%, more than HYMU's 4.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
OVT Overlay Shares Short Term Bond ETF | 4.63% | 6.15% | 5.11% | 4.11% | 4.41% |
HYMU BlackRock High Yield Muni Income Bond ETF | 4.37% | 4.35% | 4.35% | 4.01% | 2.10% |
Drawdowns
OVT vs. HYMU - Drawdown Comparison
The maximum OVT drawdown since its inception was -13.59%, smaller than the maximum HYMU drawdown of -23.22%. Use the drawdown chart below to compare losses from any high point for OVT and HYMU. For additional features, visit the drawdowns tool.
Volatility
OVT vs. HYMU - Volatility Comparison
Overlay Shares Short Term Bond ETF (OVT) has a higher volatility of 2.61% compared to BlackRock High Yield Muni Income Bond ETF (HYMU) at 1.48%. This indicates that OVT's price experiences larger fluctuations and is considered to be riskier than HYMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.