OVT vs. OVB
Compare and contrast key facts about Overlay Shares Short Term Bond ETF (OVT) and Overlay Shares Core Bond ETF (OVB).
OVT and OVB 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. OVB is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVT or OVB.
Performance
OVT vs. OVB - Performance Comparison
Returns By Period
In the year-to-date period, OVT achieves a 7.17% return, which is significantly higher than OVB's 4.46% return.
OVT
7.17%
-1.22%
4.37%
10.92%
N/A
N/A
OVB
4.46%
-2.62%
3.43%
10.40%
0.57%
N/A
Key characteristics
| OVT | OVB | |
|---|---|---|
| Sharpe Ratio | 2.66 | 1.40 |
| Sortino Ratio | 4.07 | 2.11 |
| Omega Ratio | 1.51 | 1.26 |
| Calmar Ratio | 1.67 | 0.64 |
| Martin Ratio | 16.44 | 7.22 |
| Ulcer Index | 0.69% | 1.51% |
| Daily Std Dev | 4.27% | 7.80% |
| Max Drawdown | -13.59% | -21.69% |
| Current Drawdown | -1.37% | -8.36% |
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. OVB - Expense Ratio Comparison
Both OVT and OVB have an expense ratio of 0.80%.
Correlation
The correlation between OVT and OVB is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
OVT vs. OVB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Short Term Bond ETF (OVT) and Overlay Shares Core Bond ETF (OVB). 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. OVB - Dividend Comparison
OVT's dividend yield for the trailing twelve months is around 6.12%, more than OVB's 5.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
OVT Overlay Shares Short Term Bond ETF | 6.12% | 5.11% | 4.11% | 4.41% | 0.00% | 0.00% |
OVB Overlay Shares Core Bond ETF | 5.58% | 5.20% | 4.67% | 4.59% | 3.87% | 0.58% |
Drawdowns
OVT vs. OVB - Drawdown Comparison
The maximum OVT drawdown since its inception was -13.59%, smaller than the maximum OVB drawdown of -21.69%. Use the drawdown chart below to compare losses from any high point for OVT and OVB. For additional features, visit the drawdowns tool.
Volatility
OVT vs. OVB - Volatility Comparison
The current volatility for Overlay Shares Short Term Bond ETF (OVT) is 1.14%, while Overlay Shares Core Bond ETF (OVB) has a volatility of 1.73%. This indicates that OVT experiences smaller price fluctuations and is considered to be less risky than OVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.