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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:
Price21.72
Volume5k
Avg Vol78k
RSf18.3
$Vol(21d)2m
52 wk High22.34
52 wk Low20.18
Yield(ttm)3.94%
Inception:Jan 2021
Total Returns:
1 day0.6%
5 day0.8%
1 month-0.4%
3 month-1.1%
6 month6.0%
9 month3.9%
1 year4.3%
Price Data: Closing Price
 
Compare Funds:
Correlated Group: Fixed Income (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
iShares Core Moderate AllocationAOM0.72  
iShares Core Conservative AllocationAOK0.71  
iShares Core Growth AllocationAOR0.71  
iShares Core Aggressive AllocationAOA0.69  
FlexShares Quality Div Index FundQDF0.68  
iShares MSCI USA ESG Select ETFSUSA0.68  
iShares Fallen Angels USD Bond ETFFALN0.68  
WisdomTree 90/60 US BalancedNTSX0.68  
Invesco High Yield Corporate Bond PortfolPHB0.68  
Vanguard ESG US Stock ETFESGV0.67  
Least Correlated
Harbor All-Weather Inflation Focus ETFHGER0.03  
Alpha Architect 1-3 Month Box ETFBOXX0.02  
Breakwave Dry Bulk Shipping ETFBDRY0.02  
Invesco Short Term TreasuryTBLL0.02  
BlackRock AAA CLO ETFCLOA0.01  
NEOS Enhncd Income Cash AltCSHI0.01  
Invesco KBW Property & Casualty Ins PortKBWP0.01  
GreenHaven Continuous Commodity IndexGCC-0.01  
WisdomTree US Agg Bond Zero DurAGZD-0.02  
Teucrium Wheat Fund ETFWEAT-0.02  
Most Inversely Correlated
Direxion Small Cap Bear 3X SharesTZA-0.59  
ProShares UltraPro Short Russell2000SRTY-0.59  
Direxion Daily Real Estate Bear 3X ShrsDRV-0.61  
Direxion Daily S&P500 Hig Beta Bear 3xHIBS-0.62  
Proshares UltraShort Real EstateSRS-0.62  
ProShares Short S&P 500SH-0.64  
Direxion S&P 500 Bear 3X SharesSPXS-0.64  
Proshares UltraShort S&P500SDS-0.64  
Direxion Daily S&P 500 Bear 1X SharesSPDN-0.65  
ProShares Short High Yield SJB-0.66  
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: 2024-05-03.


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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