QCON vs. OVT

Last updated Jun 4, 2026

QCON (American Century Quality Convertible Securities ETF) and OVT (Overlay Shares Short Term Bond ETF) are both Corporate Bonds funds. Both are actively managed. QCON charges 0.32%/yr vs 0.80%/yr for OVT.

Performance

QCON vs. OVT - Performance Comparison

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

Returns By Period

QCON

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

OVT

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

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

QCON vs. OVT - Yearly Performance Comparison

	2026 (YTD)
QCON American Century Quality Convertible Securities ETF	0.00%
OVT Overlay Shares Short Term Bond ETF	1.68%

QCON vs. OVT - Sectors Allocation Comparison

Sectors	QCON	OVT
Financial Services	7.9%	11.8%
Utilities	1.5%	2.4%
Industrials	1.0%	8.3%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Real Estate	-	1.9%
Technology	-	35.6%

Return for Risk

QCON vs. OVT — 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.

QCON vs. OVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Quality Convertible Securities ETF (QCON) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QCON	OVT	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	—

Drawdowns

QCON vs. OVT - Drawdown Comparison

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

Drawdown Indicators

	QCON	OVT	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-13.59%	+13.59%
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	0.00%	-0.41%	+0.41%
Average Drawdown Average peak-to-trough decline	0.00%	-3.39%	+3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.45%	—

Volatility

Volatility by Period

	QCON	OVT	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	0.00%	3.44%	-3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	4.63%	-4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	4.54%	-4.54%

QCON vs. OVT - Expense Ratio Comparison

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

Dividends

QCON vs. OVT - Dividend Comparison

QCON has not paid dividends to shareholders, while OVT's dividend yield for the trailing twelve months is around 8.17%.

Position	TTM	2025	2024	2023	2022	2021
OVT Overlay Shares Short Term Bond ETF	8.17%	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%

Frequently Asked Questions

Which ETF is better, QCON or OVT?

On fees, QCON is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QCON or OVT?

QCON is cheaper with a 0.32% expense ratio, compared with 0.80% for OVT.

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

OVT has the higher dividend yield at 8.17%, compared with 0.00% for QCON.

What is the main difference between QCON and OVT?

They also come from different issuers: American Century and Liquid Strategies. Their fees differ too: 0.32% for QCON and 0.80% for OVT.