Overlay Shares Short Term Bond ETF (OVT) Performance
OVT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.9% since Dec 31, 2025
- 1 year
- +3.0% total return
- 5 years
- +2.8% a year
- Since first price
- +2.8% a year since 2021
OVT trailing returns vs AGG, TLT, SPY
| Period | OVT total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.1% | −0.5% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.2% | −1.4% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.1% | −3.4% | −1.5% | −3.8% | +7.8% |
| YTD | +1.9% | −2.9% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.0% | −4.0% | −1.1% | −6.9% | +14.4% |
| 3 years | +25.8%+7.9%/yr | +3.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +14.8%+2.8%/yr | −14.0% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionJan 15, 2021 | +17.0%+2.8%/yr | −14.7% | — | — | — |
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: OVT vs AGG
From Jan 15, 2021: OVT grew to $11,696, AGG to $9,787.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OVT returns by calendar year
3 of 4 full years positive. Best 2023 (+7.7%), worst 2022 (−9.7%). 2026 is year to date.
OVT annual returns table
| Year | OVT | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.9% | −2.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.6% | −3.2% | +7.2% | +4.3% | +17.7% |
| 2024 | +7.4% | −2.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +7.7% | −3.6% | +5.7% | +2.8% | +26.2% |
| 2022 | −9.7% | −12.8% | −13.0% | −31.2% | −18.2% |
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.
OVT largest drawdowns
Now 1.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 3, 2021 | −13.6% | Oct 14, 2022 | Jun 13, 2024 | 1.1 years | 2.8 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
OVT risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +7.2% | +2.7% | +2.8% |
| Volatility (annualized) | 4.4% | 5.3% | 5.0% |
| Sharpe ratio | 0.63 | -0.16 | -0.06 |
| Sortino ratio | 1.02 | -0.21 | -0.08 |
| Best month | +4.6% | +4.6% | +4.6% |
| Worst month | −1.7% | −4.2% | −4.2% |
| Best 12 months | +14.7% | +14.7% | +14.7% |
| Worst 12 months | +3.3% | −12.3% | −12.3% |
| Positive months | 75% | 65% | 68% |
| Beta vs S&P 500 | 0.26 | 0.26 | — |
| Correlation with S&P 500 | 0.73 | 0.78 | — |
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.
OVT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 58 | −12.3% | +5.3% | +14.7% | 74% |
| 3-year (a year) | 34 | −0.3% | +4.7% | +8.1% | 97% |
| 5-year (a year) | 10 | +2.7% | +3.0% | +3.3% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
OVT performance overview
Overlay Shares Short Term Bond ETF (OVT) returned +3.0% over the past year and +2.8% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +2.8% a year, turning $10,000 into about $11,696. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −13.6%, from Sep 3, 2021 to Oct 14, 2022, and it took 1.7 years to get back to the old high. OVT finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+7.7%) and the worst 2022 (−9.7%). Volatility has been 5.0% a year.
Related: OVT chart, OVT dividends, OVT bond profile. See the OVT overview for the latest quote and fund facts.
OVT performance FAQ
What is the OVT return over the past year?
OVT returned +3.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.0%.
What is the average annual return of OVT?
OVT has returned +2.8% a year over 5 years, +2.8% a year since January 15, 2021 (total return, distributions reinvested).
How much would $10,000 invested in OVT be worth?
$10,000 invested in OVT at its first recorded close on January 15, 2021 would be worth about $11,696 on October 23, 2026 with distributions reinvested.
What was the worst year for OVT?
The worst calendar year was 2022, with a total return of −9.7%. The best was 2023 at +7.7%.
What is the biggest drawdown of OVT?
The largest peak-to-trough decline was −13.6% between September 3, 2021 and October 14, 2022. It recovered to the old high on June 13, 2024, 1.7 years after the bottom.
How volatile is OVT?
Over the past 3 years OVT had an annualized volatility of 4.4% and a Sharpe ratio of 0.63 (excess return over 1–3 month T-bills per unit of risk).