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ETFs

Overlay Shares Core Bond ETF

OVB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 30 2019
Expense Ratio
0.80%
Type
US Bonds
Fund Owner
Liquid Strategies
Volume (1m avg. daily)
$303,111
AUM
$44,273,495
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
100.25%
n/a
Cash & Other
0.75%
n/a
CBOE S&P PUT OPT 09/23 4390
0.31%
n/a
S&P 500 PUT OPT 10/23 4320
0.23%
n/a
CBOE S&P PUT OPT 09/23 4350
0.23%
n/a
CBOE S&P PUT OPT 09/23 4330
0.14%
n/a
S&P 500 PUT OPT 10/23 4175
0.05%
n/a
S&P 500 PUT OPT 10/23 4275
-0.12%
n/a
CBOE S&P PUT OPT 09/23 4400
-0.37%
n/a
CBOE S&P PUT OPT 09/23 4400
-0.38%
Invest with OVB

What is OVB?

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade, U.S. dollar-denominated, fixed-rate taxable bonds or directly in the securities held by such ETFs (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the Overlay Strategy ).

ETFs related toOVB

ETFs correlated to OVB include SPAB, SCHZ, AGG

OVB
Listed Funds Trust - Overlay Shares Core Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
FBND
Fidelity Covington Trust - Fidelity Total Bond ETF
SCHI
Schwab Strategic Trust - Schwab 5-10 Year Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toOVB

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with OVB using Composer

FAQ

OVB is a US Bonds ETF. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade, U.S. dollar-denominated, fixed-rate taxable bonds or directly in the securities held by such ETFs (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the Overlay Strategy ).

Yes, OVB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, OVB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OVB is -0.0189%. This is the percent change in the value of OVB over the most recent 1-month period. The 3-month return on OVB is -0.036%. This is the percent change in the value of OVB over the most recent 3-month period.

The standard deviation of OVB for the past year is 0.0863%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OVB include GSY, GVI, and BLV.

ETFs correlated to OVB include SPAB, SCHZ, and AGG.

ETFs that are inversely correlated to OVB include TBX, PST, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.