Overlay Shares Core Bond ETF (OVB) Performance
OVB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.6% since Dec 31, 2025
- 1 year
- +0.6% total return
- 5 years
- +0.2% a year
- Since first price
- +1.6% a year since 2019
OVB trailing returns vs AGG, TLT, SPY
| Period | OVB total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.4% | −0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.2% | −1.7% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.6% | −4.5% | −1.5% | −3.8% | +7.8% |
| YTD | +0.6% | −3.8% | −1.0% | −3.4% | +12.3% |
| 1 year | +0.6% | −5.2% | −1.1% | −6.9% | +14.4% |
| 3 years | +24.4%+7.5%/yr | +4.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +1.0%+0.2%/yr | −23.2% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionOct 1, 2019 | +11.6%+1.6%/yr | −21.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: OVB vs AGG
From Oct 1, 2019: OVB grew to $11,159, AGG to $10,429.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OVB returns by calendar year
5 of 6 full years positive. Best 2020 (+9.4%), worst 2022 (−17.0%). 2026 is year to date.
OVB annual returns table
| Year | OVB | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +0.6% | −4.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.7% | −3.9% | +7.2% | +4.3% | +17.7% |
| 2024 | +4.0% | −4.3% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.9% | −8.4% | +5.7% | +2.8% | +26.2% |
| 2022 | −17.0% | −20.1% | −13.0% | −31.2% | −18.2% |
| 2021 | +0.7% | −3.2% | −1.8% | −4.6% | +28.7% |
| 2020 | +9.4% | −9.5% | +7.5% | +18.2% | +18.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
OVB largest drawdowns
Now 2.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 14, 2021 | −21.7% | Oct 20, 2022 | Feb 10, 2026 | 1.1 years | 4.4 years |
| Mar 9, 2020 | −9.5% | Mar 18, 2020 | Apr 29, 2020 | 9 days | 51 days |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
OVB risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +6.0% | −0.2% | +1.3% |
| Volatility (annualized) | 7.1% | 8.3% | 7.4% |
| Sharpe ratio | 0.25 | -0.42 | -0.16 |
| Sortino ratio | 0.37 | -0.53 | -0.21 |
| Best month | +6.7% | +6.7% | +6.7% |
| Worst month | −3.6% | −6.2% | −6.2% |
| Best 12 months | +16.2% | +16.2% | +16.2% |
| Worst 12 months | +0.4% | −19.2% | −19.2% |
| Positive months | 67% | 57% | 59% |
| Beta vs S&P 500 | 0.37 | 0.39 | — |
| Correlation with S&P 500 | 0.64 | 0.73 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
OVB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 73 | −19.2% | +3.4% | +16.2% | 70% |
| 3-year (a year) | 49 | −6.1% | −2.0% | +7.8% | 41% |
| 5-year (a year) | 25 | −0.5% | +0.3% | +1.0% | 72% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
OVB performance overview
Overlay Shares Core Bond ETF (OVB) returned +0.6% over the past year and +0.2% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +1.6% a year, turning $10,000 into about $11,159. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −21.7%, from Sep 14, 2021 to Oct 20, 2022, and it took 3.3 years to get back to the old high. OVB finished 5 of its 6 full calendar years with a gain; the best year was 2020 (+9.4%) and the worst 2022 (−17.0%). Volatility has been 7.4% a year.
Related: OVB chart, OVB dividends, OVB bond profile. See the OVB overview for the latest quote and fund facts.
OVB performance FAQ
What is the OVB return over the past year?
OVB returned +0.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.2%.
What is the average annual return of OVB?
OVB has returned +0.2% a year over 5 years, +1.6% a year since October 1, 2019 (total return, distributions reinvested).
How much would $10,000 invested in OVB be worth?
$10,000 invested in OVB at its first recorded close on October 1, 2019 would be worth about $11,159 on October 23, 2026 with distributions reinvested.
What was the worst year for OVB?
The worst calendar year was 2022, with a total return of −17.0%. The best was 2020 at +9.4%.
What is the biggest drawdown of OVB?
The largest peak-to-trough decline was −21.7% between September 14, 2021 and October 20, 2022. It recovered to the old high on February 10, 2026, 3.3 years after the bottom.
How volatile is OVB?
Over the past 3 years OVB had an annualized volatility of 7.1% and a Sharpe ratio of 0.25 (excess return over 1–3 month T-bills per unit of risk).