VCIT vs. OVT
Compare and contrast key facts about Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and Overlay Shares Short Term Bond ETF (OVT).
VCIT and OVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Performance
VCIT vs. OVT - Performance Comparison
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VCIT vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.45% | 9.34% | 3.20% | 8.98% | -13.98% | -1.05% |
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, VCIT achieves a -0.45% return, which is significantly lower than OVT's 1.21% return.
VCIT
- 1D
- 0.55%
- 1M
- -1.98%
- YTD
- -0.45%
- 6M
- 0.69%
- 1Y
- 6.08%
- 3Y*
- 5.56%
- 5Y*
- 1.42%
- 10Y*
- 3.06%
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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VCIT vs. OVT - Expense Ratio Comparison
VCIT has a 0.04% expense ratio, which is lower than OVT's 0.80% expense ratio.
Return for Risk
VCIT vs. OVT — Risk / Return Rank
VCIT
OVT
VCIT vs. OVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) 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.
| VCIT | OVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 2.10 | -0.84 |
Sortino ratioReturn per unit of downside risk | 1.76 | 3.00 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.42 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 4.46 | -2.39 |
Martin ratioReturn relative to average drawdown | 7.31 | 16.27 | -8.97 |
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
| VCIT | OVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.10 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.66 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.64 | +0.11 |
Correlation
The correlation between VCIT and OVT is 0.65, 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
VCIT vs. OVT - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.72%, less than OVT's 8.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.72% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
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
VCIT vs. OVT - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for VCIT and OVT.
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Drawdown Indicators
| VCIT | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -13.59% | -6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -1.94% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.56% | -13.59% | -6.97% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | — | — |
Current DrawdownCurrent decline from peak | -1.98% | -0.82% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -3.50% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.53% | +0.32% |
Volatility
VCIT vs. OVT - Volatility Comparison
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a higher volatility of 2.07% compared to Overlay Shares Short Term Bond ETF (OVT) at 1.46%. This indicates that VCIT's price experiences larger fluctuations and is considered to be riskier 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
| VCIT | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 1.46% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 2.83% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 3.99% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 4.63% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.27% | 4.59% | +1.68% |