Overlay Shares Core Bond ETF
$19.68−0.01 (−0.05%)
- 0.79%
- $48M
- +1.5%
- 6.71%
- 11.6K sh
- low $19.36high $21.11
The ETF.net OVB Grade
B
Score 57 out of 100
- 18 of 51
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B65 out of 100Rank 17 of 51Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B67 out of 100Rank 15 of 48Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 29 of 51Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D37 out of 100Rank 35 of 43Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 13 of 51
Our read on OVB
In short
BCore bonds with a twist: investment-grade U.S. debt measured against the Bloomberg U.S. Aggregate, plus a listed short-put overlay run for income. An active spin on the most commoditized corner of the bond market.
Stated mandate
The Fund seeks total return through exposure to investment-grade, U.S.-dollar-denominated, fixed-rate taxable bonds. It also uses listed short-term put options in an overlay intended to generate income.
Why people hold it
Worth knowing
OVB Holdings
- Bonds
- 1
- 100%
- AGG
Sectors
- Technology37.4%
- Financials12.2%
- Communication9.9%
- Consumer Discretionary9.6%
- Health Care9.1%
- Industrials8.2%
- Consumer Staples4.6%
- Energy3.4%
- Utilities2.2%
- Real Estate1.9%
- Materials1.6%
Geography
- United States94.81%
- United Kingdom1.03%
- Canada1.00%
- Japan0.54%
- Mexico0.37%
- Germany0.22%
- Australia0.21%
- Philippines0.14%
- 1.68%
OVB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
OVB$10,153
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OVB |
|---|---|
| Year to date | +0.9% |
| 1 month | +2.0% |
| 3 months | −0.1% |
| 1 year | +1.5% |
| 3 years | +7.9% |
| 5 years | +0.1% |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OVB |
|---|---|---|
| 2026 YTD | +0.9% | |
| 2025 | +7.7% | |
| 2024 | +4.0% | |
| 2023 | +6.9% | |
| 2022 | −17.0% | |
| 2021 | +0.7% | |
| 2020 | +9.4% |
OVB in the news
OVB Dividends
- 6.71%
- $1.32
- $0.10 per share
- Monthly
OVB Risk
- 6.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.49
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −21.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.29
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
OVB Cost
Overpaying vs RECI, cheapest in Active Option Income
$9,025
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
OVB 0.79%
$15,174
RECI 0.30% Cheapest
$6,149
Cost over time
Year by year
| Year | OVB | RECI | Overpaying |
|---|---|---|---|
| 10 | $1,405 | $545 | $860 |
| 20 | $5,331 | $2,113 | $3,218 |
| 30 | $15,174 | $6,149 | $9,025 |
Other funds in Active Option Income
- BEDGEMRBL Enhanced Equity ETFExpense ratio 0.74%1 year return +15.9%
- BHBTAHorizon Expedition Plus ETFExpense ratio 0.86%1 year return +5.5%
- CBUYWMain BuyWrite ETFExpense ratio 0.97%1 year return +8.9%
- CGINXSGI Enhanced Global Income ETFExpense ratio 1.02%1 year return +23.9%
- CWRTHWorth Charting Options Income ETFExpense ratio 1.02%1 year return
