SUSC vs. OVT
SUSC (iShares ESG Aware USD Corporate Bond ETF) and OVT (Overlay Shares Short Term Bond ETF) are both Corporate Bonds funds. SUSC is passively managed, while OVT is actively managed. Over the past 5 years, SUSC returned 0.18%/yr vs 2.84%/yr for OVT. A 0.63 correlation means they provide meaningful diversification when combined. SUSC charges 0.18%/yr vs 0.80%/yr for OVT.
Performance
SUSC vs. OVT - Performance Comparison
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Returns By Period
In the year-to-date period, SUSC achieves a 0.71% return, which is significantly lower than OVT's 1.98% return.
SUSC
- 1D
- 0.13%
- 1M
- 0.80%
- YTD
- 0.71%
- 6M
- 0.84%
- 1Y
- 5.00%
- 3Y*
- 5.10%
- 5Y*
- 0.18%
- 10Y*
- —
OVT
- 1D
- -0.14%
- 1M
- -0.17%
- YTD
- 1.98%
- 6M
- 1.98%
- 1Y
- 7.33%
- 3Y*
- 7.26%
- 5Y*
- 2.84%
- 10Y*
- —
SUSC vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SUSC iShares ESG Aware USD Corporate Bond ETF | 0.71% | 7.57% | 1.91% | 8.58% | -15.95% | -0.34% |
OVT Overlay Shares Short Term Bond ETF | 1.98% | 7.61% | 7.44% | 7.73% | -9.68% | 1.73% |
Correlation
The correlation between SUSC and OVT is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021 | 0.63 |
The correlation between SUSC and OVT has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
SUSC vs. OVT — Risk / Return Rank
SUSC
OVT
SUSC vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware USD Corporate Bond ETF (SUSC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SUSC | OVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.39 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 4.74 | -3.00 |
| Martin ratioReturn relative to average drawdown | 5.28 | 14.89 | -9.61 |
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Drawdowns
SUSC vs. OVT - Drawdown Comparison
The maximum SUSC drawdown since its inception was -22.42%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for SUSC and OVT.
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Drawdown Indicators
| SUSC | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -13.59% | -8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -1.55% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -3.55% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -13.59% | -8.83% |
Current DrawdownCurrent decline from peak | -1.13% | -1.02% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -3.37% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.49% | +0.46% |
Volatility
SUSC vs. OVT - Volatility Comparison
The current volatility for iShares ESG Aware USD Corporate Bond ETF (SUSC) is 1.12%, while Overlay Shares Short Term Bond ETF (OVT) has a volatility of 1.54%. This indicates that SUSC 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
| SUSC | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.54% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 2.83% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 3.68% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 4.67% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 4.56% | +3.05% |
SUSC vs. OVT - Expense Ratio Comparison
SUSC has a 0.18% expense ratio, which is lower than OVT's 0.80% expense ratio.
Dividends
SUSC vs. OVT - Dividend Comparison
SUSC's dividend yield for the trailing twelve months is around 4.48%, less than OVT's 8.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
OVT Overlay Shares Short Term Bond ETF | 8.22% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% |
SUSC iShares ESG Aware USD Corporate Bond ETF | 4.48% | 4.37% | 4.34% | 3.83% | 2.97% | 2.21% | 2.19% | 3.07% | 3.33% | 1.33% |
Frequently Asked Questions
SUSC and OVT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OVT has higher volatility (1.54%) compared to SUSC (1.12%). In terms of maximum drawdown, SUSC dropped -22.42% vs OVT's -13.59%.
On 5-year performance, OVT leads with 2.84% vs 0.18% for SUSC. On fees, SUSC is cheaper at 0.18% per year. On volatility, SUSC has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OVT has performed better with a 2.84% return vs 0.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SUSC is cheaper with a 0.18% expense ratio, compared with 0.80% for OVT.
OVT has the higher dividend yield at 8.22%, compared with 4.48% for SUSC.
They also come from different issuers: iShares and Liquid Strategies. Their fees differ too: 0.18% for SUSC and 0.80% for OVT.
OVT currently has the higher Sharpe Ratio (2.01 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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