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.
Correlation
The correlation between OVT and OVB is 0.38, 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. OVB - Performance Comparison
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Key characteristics
OVT:
1.45
OVB:
0.69
OVT:
2.00
OVB:
1.02
OVT:
1.25
OVB:
1.13
OVT:
1.79
OVB:
0.38
OVT:
5.85
OVB:
2.03
OVT:
0.99%
OVB:
2.37%
OVT:
4.25%
OVB:
7.25%
OVT:
-13.59%
OVB:
-21.68%
OVT:
-1.57%
OVB:
-8.23%
Returns By Period
In the year-to-date period, OVT achieves a 0.50% return, which is significantly lower than OVB's 0.54% return.
OVT
0.50%
0.57%
-0.12%
6.12%
N/A
N/A
OVB
0.54%
0.19%
-1.18%
4.95%
-0.12%
N/A
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OVT vs. OVB - Expense Ratio Comparison
Both OVT and OVB have an expense ratio of 0.80%.
Risk-Adjusted Performance
OVT vs. OVB — Risk-Adjusted Performance Rank
OVT
OVB
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.
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Dividends
OVT vs. OVB - Dividend Comparison
OVT's dividend yield for the trailing twelve months is around 6.30%, more than OVB's 5.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
OVT Overlay Shares Short Term Bond ETF | 6.30% | 6.15% | 5.11% | 4.11% | 4.41% | 0.00% | 0.00% |
OVB Overlay Shares Core Bond ETF | 5.91% | 5.80% | 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 -21.68%. Use the drawdown chart below to compare losses from any high point for OVT and OVB. For additional features, visit the drawdowns tool.
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Volatility
OVT vs. OVB - Volatility Comparison
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