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ETFs

Overlay Shares Short Term Bond ETF

OVT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 14 2021
Expense Ratio
0.81%
Type
US Bonds
Fund Owner
Liquid Strategies
Volume (1m avg. daily)
$295,293
AUM
$58,506,524
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
100.22%
n/a
Cash & Other
0.76%
n/a
CBOE S&P PUT OPT 09/23 4390
0.29%
n/a
S&P 500 PUT OPT 10/23 4320
0.23%
n/a
CBOE S&P PUT OPT 09/23 4350
0.21%
n/a
CBOE S&P PUT OPT 09/23 4330
0.13%
n/a
S&P 500 PUT OPT 10/23 4175
0.07%
n/a
S&P 500 PUT OPT 10/23 4275
-0.16%
n/a
CBOE S&P PUT OPT 09/23 4400
-0.34%
n/a
CBOE S&P PUT OPT 09/23 4400
-0.36%
Invest with OVT

What is OVT?

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 short-term, investment grade, U.S. dollar-denominated, fixed-rate taxable bonds with a dollar-weighted average maturity of no more than three years with a maximum maturity of five years or directly in the securities held by such ETFs (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options ( put spreads ) to generate income to the Fund (the Overlay Strategy ). Under normal circumstances, at least 80% of the Fund s net assets, plus borrowings for investment purposes, will be invested, directly or indirectly through ETFs, in bonds.

ETFs related toOVT

ETFs correlated to OVT include XAUG, LGRO, GAUG

OVT
Listed Funds Trust - Overlay Shares Short Term Bond ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
SPIB
SSgA Active Trust - SPDR Portfolio Intermediate Term Corporate Bond ETF
BSCR
Invesco Capital Management LLC - Invesco BulletShares 2027 Corporate Bond ETF
BSCS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2028 Corporate Bond ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
IGSB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 1-5 Year Investment Grade 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 toOVT

#BTD

Buy the Dips: Nasdaq 100

Category

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Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with OVT using Composer

FAQ

OVT 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 short-term, investment grade, U.S. dollar-denominated, fixed-rate taxable bonds with a dollar-weighted average maturity of no more than three years with a maximum maturity of five years or directly in the securities held by such ETFs (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options ( put spreads ) to generate income to the Fund (the Overlay Strategy ). Under normal circumstances, at least 80% of the Fund s net assets, plus borrowings for investment purposes, will be invested, directly or indirectly through ETFs, in bonds.

Yes, OVT 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, OVT 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 OVT is -0.0045%. This is the percent change in the value of OVT over the most recent 1-month period. The 3-month return on OVT is -0.0026%. This is the percent change in the value of OVT over the most recent 3-month period.

The standard deviation of OVT for the past year is 0.0532%. 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 OVT include GVI, BLV, and BSV.

ETFs correlated to OVT include XAUG, LGRO, and GAUG.

ETFs that are inversely correlated to OVT include SJB, TBX, and PST.

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.