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Overlay Shares Short Term Bond ETF (OVT) - ETF





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Volume(000's)


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
This data as of Market Close on Wed, Nov 20
Price22.21
Volume4k
Avg Vol62k
RSf25.2
$Vol(21d)2m
52 wk High22.87
52 wk Low20.59
Yield(ttm)2.90%
Inception:Jan 2021
Total Returns:
1 day-0.1%
5 day-0.5%
1 month-0.8%
3 month-0.8%
6 month2.8%
9 month2.6%
1 year7.2%
 
Compare Funds:
Correlated Group: Fixed Income (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
Fidelity Enhanced Lg Cap Core ETFFELC0.76  
Fidelity Enhance Mid Cap ETFFMDE0.75  
iShares Core Conservative AllocationAOK0.68  
iShares Core Moderate AllocationAOM0.68  
iShares JPMorgan USD Emerging Markets Bond FuEMB0.65  
iShares Short-Term Corp Bond ETFIGSB0.64  
Vanguard Emerg Mkts Govt Bond ETFVWOB0.63  
Invesco Emerging Mkts Sovereign DebtPCY0.63  
iShares Core Growth AllocationAOR0.62  
FlexShares iBoxx 5-Year Target Duration TIPS IndexTDTF0.61  
Least Correlated
BlackRock AAA CLO ETFCLOA0.01  
First Trust Natural Gas ETFFCG0.01  
Wisdom Tree Blmbrg Floatt Rate Treas ETFUSFR0.00  
Invesco DB Commodity Index TrackingDBC-0.00  
Fidelity MSCI Energy FENY-0.00  
SPDR Barclays 1-3 Month T-Bill ETFBIL-0.01  
First Trust Energy AlphaDEX FundFXN-0.01  
iShares US EnergyIYE-0.01  
Invesco Variable Rate Investment Grade PortfolioVRIG-0.01  
Vanguard Energy VIPERsVDE-0.01  
Most Inversely Correlated
Proshares UltraShort QQQQID-0.43  
ProShares Short QQQPSQ-0.44  
ProShares UltraPro Short QQQSQQQ-0.44  
Direxion Daily S&P500 Hig Beta Bear 3xHIBS-0.47  
Direxion S&P 500 Bear 3X SharesSPXS-0.48  
Proshares UltraShort S&P500SDS-0.48  
ProShares UltraPro Short S&P 500SPXU-0.48  
Direxion Daily S&P 500 Bear 1X SharesSPDN-0.49  
ProShares Short S&P 500SH-0.49  
ProShares Short High Yield SJB-0.53  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2024-11-15.


Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.








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