OVT vs. QCON

Last updated Apr 1, 2026

Compare and contrast key facts about Overlay Shares Short Term Bond ETF (OVT) and American Century Quality Convertible Securities ETF (QCON).

OVT and QCON 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. QCON is an actively managed fund by American Century. It was launched on Feb 16, 2021.

Performance

OVT vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Overlay Shares Short Term Bond ETF (OVT) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

OVT vs. QCON - Yearly Performance Comparison

	2026 (YTD)
OVT Overlay Shares Short Term Bond ETF	0.30%
QCON American Century Quality Convertible Securities ETF	0.00%

Returns By Period

OVT

• 1D: 0.59%
• 1M: -0.82%
• YTD: 1.21%
• 6M: 3.29%
• 1Y: 8.33%
• 3Y*: 7.22%
• 5Y*: 3.05%
• 10Y*: —

QCON

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OVT vs. QCON - Expense Ratio Comparison

OVT has a 0.80% expense ratio, which is higher than QCON's 0.32% expense ratio.

OVT

Overlay Shares Short Term Bond ETF

QCON

American Century Quality Convertible Securities ETF

Return for Risk

OVT vs. QCON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OVT

OVT Risk / Return Rank: 94
OVT Sharpe Ratio Rank: 92
OVT Sortino Ratio Rank: 95
OVT Omega Ratio Rank: 93
OVT Calmar Ratio Rank: 96
OVT Martin Ratio Rank: 95

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. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Short Term Bond ETF (OVT) and American Century Quality Convertible Securities ETF (QCON). 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	QCON	Difference
Sharpe ratio Return per unit of total volatility	2.10	—	—
Sortino ratio Return per unit of downside risk	3.00	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	4.46	—	—
Martin ratio Return relative to average drawdown	16.27	—	—
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	QCON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	—	—

Dividends

OVT vs. QCON - Dividend Comparison

OVT's dividend yield for the trailing twelve months is around 8.80%, while QCON has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
OVT Overlay Shares Short Term Bond ETF	8.80%	7.21%	6.15%	5.11%	4.12%	4.41%
QCON American Century Quality Convertible Securities ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

OVT vs. QCON - Drawdown Comparison

The maximum OVT drawdown since its inception was -13.59%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for OVT and QCON.

Drawdown Indicators

	OVT	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-13.59%	0.00%	-13.59%
Max Drawdown (1Y) Largest decline over 1 year	-1.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.59%	—	—
Current Drawdown Current decline from peak	-0.82%	0.00%	-0.82%
Average Drawdown Average peak-to-trough decline	-3.50%	0.00%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	—	—

Volatility

Volatility by Period

	OVT	QCON	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.99%	0.00%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	0.00%	+4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.59%	0.00%	+4.59%