VGVT vs. OVB
VGVT (Vanguard Government Securities Active ETF) and OVB (Overlay Shares Core Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. VGVT charges 0.10%/yr vs 0.79%/yr for OVB.
Performance
VGVT vs. OVB - Performance Comparison
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Returns By Period
In the year-to-date period, VGVT achieves a 0.29% return, which is significantly lower than OVB's 2.07% return.
VGVT
- 1D
- 0.22%
- 1M
- 0.58%
- YTD
- 0.29%
- 6M
- 0.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OVB
- 1D
- -0.05%
- 1M
- 0.09%
- YTD
- 2.07%
- 6M
- 1.85%
- 1Y
- 7.85%
- 3Y*
- 5.57%
- 5Y*
- 0.49%
- 10Y*
- —
VGVT vs. OVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGVT Vanguard Government Securities Active ETF | 0.29% | 3.56% |
OVB Overlay Shares Core Bond ETF | 2.07% | 5.14% |
Correlation
The correlation between VGVT and OVB is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.72 |
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Return for Risk
VGVT vs. OVB — Risk / Return Rank
VGVT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OVB
VGVT vs. OVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Government Securities Active ETF (VGVT) and Overlay Shares Core Bond ETF (OVB). 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.
| VGVT | OVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.16 | — |
| Martin ratioReturn relative to average drawdown | — | 10.00 | — |
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Drawdowns
VGVT vs. OVB - Drawdown Comparison
The maximum VGVT drawdown since its inception was -2.77%, smaller than the maximum OVB drawdown of -21.69%. Use the drawdown chart below to compare losses from any high point for VGVT and OVB.
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Drawdown Indicators
| VGVT | OVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.77% | -21.69% | +18.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.69% | — |
Current DrawdownCurrent decline from peak | -1.57% | -0.87% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -6.99% | +6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.79% | — |
Volatility
VGVT vs. OVB - Volatility Comparison
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Volatility by Period
| VGVT | OVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 5.96% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.24% | 7.34% | -4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 7.58% | -4.34% |
VGVT vs. OVB - Expense Ratio Comparison
VGVT has a 0.10% expense ratio, which is lower than OVB's 0.79% expense ratio.
Dividends
VGVT vs. OVB - Dividend Comparison
VGVT's dividend yield for the trailing twelve months is around 3.98%, less than OVB's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OVB Overlay Shares Core Bond ETF | 7.00% | 6.00% | 5.81% | 5.20% | 4.67% | 4.59% | 3.88% | 0.58% |
VGVT Vanguard Government Securities Active ETF | 3.98% | 2.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VGVT and OVB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGVT is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGVT is cheaper with a 0.10% expense ratio, compared with 0.79% for OVB.
OVB has the higher dividend yield at 7.00%, compared with 3.98% for VGVT.
They also come from different issuers: Vanguard and Liquid Strategies. Their fees differ too: 0.10% for VGVT and 0.79% for OVB.
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