OVT vs. IG

Last updated Jun 4, 2026

OVT (Overlay Shares Short Term Bond ETF) and IG (Principal Investment Grade Corporate Active ETF) are both Corporate Bonds funds. Both are actively managed. A 0.73 correlation means they provide meaningful diversification when combined. OVT charges 0.80%/yr vs 0.26%/yr for IG.

Performance

OVT vs. IG - Performance Comparison

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

Returns By Period

OVT

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

IG

• 1D: -0.23%
• 1M: 0.57%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OVT vs. IG - Yearly Performance Comparison

	2026 (YTD)
OVT Overlay Shares Short Term Bond ETF	0.55%
IG Principal Investment Grade Corporate Active ETF	-0.22%

Correlation

The correlation between OVT and IG is 0.73, 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 Apr 23, 2026	0.73

OVT vs. IG - Sectors Allocation Comparison

Sectors	OVT	IG
Technology	35.6%	-
Financial Services	11.8%	2.9%
Communication Services	11.2%	-
Consumer Cyclical	10.1%	-
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

OVT vs. IG — 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. IG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Short Term Bond ETF (OVT) and Principal Investment Grade Corporate Active ETF (IG). 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	IG	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	IG	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	-0.40	+1.09

Drawdowns

OVT vs. IG - Drawdown Comparison

The maximum OVT drawdown since its inception was -13.59%, which is greater than IG's maximum drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for OVT and IG.

Drawdown Indicators

	OVT	IG	Difference
Max Drawdown Largest peak-to-trough decline	-13.59%	-1.75%	-11.84%
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%	-0.32%	-0.09%
Average Drawdown Average peak-to-trough decline	-3.39%	-0.53%	-2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	—	—

Volatility

Volatility by Period

	OVT	IG	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%	4.90%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	4.90%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.54%	4.90%	-0.36%

OVT vs. IG - Expense Ratio Comparison

OVT has a 0.80% expense ratio, which is higher than IG's 0.26% expense ratio.

Dividends

OVT vs. IG - Dividend Comparison

OVT's dividend yield for the trailing twelve months is around 8.17%, more than IG's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021
IG Principal Investment Grade Corporate Active ETF	0.84%	0.00%	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 IG in my portfolio?

OVT and IG have a correlation of 0.73, 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 IG?

On fees, IG is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OVT or IG?

IG is cheaper with a 0.26% expense ratio, compared with 0.80% for OVT.

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

OVT has the higher dividend yield at 8.17%, compared with 0.84% for IG.

What is the main difference between OVT and IG?

They also come from different issuers: Liquid Strategies and Principal. Their fees differ too: 0.80% for OVT and 0.26% for IG.