PTBD vs. OVT
Compare and contrast key facts about Pacer Trendpilot US Bond ETF (PTBD) and Overlay Shares Short Term Bond ETF (OVT).
PTBD and OVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTBD is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer Trendpilot US Bond Index. It was launched on Oct 22, 2019. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTBD or OVT.
Correlation
The correlation between PTBD and OVT is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PTBD vs. OVT - Performance Comparison
Key characteristics
PTBD:
1.41
OVT:
2.05
PTBD:
2.06
OVT:
3.10
PTBD:
1.26
OVT:
1.37
PTBD:
0.42
OVT:
2.43
PTBD:
4.96
OVT:
10.10
PTBD:
1.40%
OVT:
0.82%
PTBD:
4.95%
OVT:
4.03%
PTBD:
-26.00%
OVT:
-13.59%
PTBD:
-9.99%
OVT:
-0.21%
Returns By Period
In the year-to-date period, PTBD achieves a 2.22% return, which is significantly higher than OVT's 1.89% return.
PTBD
2.22%
1.04%
2.08%
6.95%
0.01%
N/A
OVT
1.89%
1.15%
2.90%
8.27%
N/A
N/A
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PTBD vs. OVT - Expense Ratio Comparison
PTBD has a 0.60% expense ratio, which is lower than OVT's 0.80% expense ratio.
Risk-Adjusted Performance
PTBD vs. OVT — Risk-Adjusted Performance Rank
PTBD
OVT
PTBD vs. OVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Bond ETF (PTBD) and Overlay Shares Short Term Bond ETF (OVT). 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
PTBD vs. OVT - Dividend Comparison
PTBD's dividend yield for the trailing twelve months is around 6.34%, more than OVT's 6.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
PTBD Pacer Trendpilot US Bond ETF | 6.34% | 6.56% | 6.56% | 6.15% | 2.70% | 2.50% | 0.62% |
OVT Overlay Shares Short Term Bond ETF | 6.04% | 6.15% | 5.11% | 4.11% | 4.41% | 0.00% | 0.00% |
Drawdowns
PTBD vs. OVT - Drawdown Comparison
The maximum PTBD drawdown since its inception was -26.00%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for PTBD and OVT. For additional features, visit the drawdowns tool.
Volatility
PTBD vs. OVT - Volatility Comparison
The current volatility for Pacer Trendpilot US Bond ETF (PTBD) is 0.83%, while Overlay Shares Short Term Bond ETF (OVT) has a volatility of 1.07%. This indicates that PTBD experiences smaller price fluctuations and is considered to be less risky than OVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.