SLQD vs. OVT
Compare and contrast key facts about iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Overlay Shares Short Term Bond ETF (OVT).
SLQD and OVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Performance
SLQD vs. OVT - Performance Comparison
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SLQD vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.29% | 6.27% | 4.94% | 5.98% | -4.38% | -0.46% |
OVT Overlay Shares Short Term Bond ETF | 1.21% | 7.61% | 7.44% | 7.73% | -9.68% | 2.07% |
Returns By Period
In the year-to-date period, SLQD achieves a 0.29% return, which is significantly lower than OVT's 1.21% return.
SLQD
- 1D
- 0.21%
- 1M
- -0.59%
- YTD
- 0.29%
- 6M
- 1.48%
- 1Y
- 4.74%
- 3Y*
- 5.22%
- 5Y*
- 2.52%
- 10Y*
- 2.68%
OVT
- 1D
- 0.59%
- 1M
- -0.82%
- YTD
- 1.21%
- 6M
- 3.29%
- 1Y
- 8.33%
- 3Y*
- 7.22%
- 5Y*
- 3.05%
- 10Y*
- —
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SLQD vs. OVT - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is lower than OVT's 0.80% expense ratio.
Return for Risk
SLQD vs. OVT — Risk / Return Rank
SLQD
OVT
SLQD vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) 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.
| SLQD | OVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.48 | 2.10 | +0.38 |
Sortino ratioReturn per unit of downside risk | 3.70 | 3.00 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.42 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 4.50 | 4.46 | +0.04 |
Martin ratioReturn relative to average drawdown | 18.76 | 16.27 | +2.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLQD | OVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 2.10 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.66 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.64 | +0.20 |
Correlation
The correlation between SLQD and OVT is 0.64, 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.
Dividends
SLQD vs. OVT - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 4.22%, less than OVT's 8.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.22% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
OVT Overlay Shares Short Term Bond ETF | 8.80% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SLQD vs. OVT - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum OVT drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for SLQD and OVT.
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Drawdown Indicators
| SLQD | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -13.59% | +0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -1.94% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -13.59% | +5.96% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.82% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -3.50% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 0.53% | -0.27% |
Volatility
SLQD vs. OVT - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.73%, while Overlay Shares Short Term Bond ETF (OVT) has a volatility of 1.46%. This indicates that SLQD 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.
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Volatility by Period
| SLQD | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.46% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 2.83% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 3.99% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.43% | 4.63% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.14% | 4.59% | -1.45% |