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OVB vs RECI

Overlay Shares Core Bond ETF

OVBBCboe

Columbia Research Enhanced Core Premium Income ET

RECIANYSE Arca

Overlap

Expense ratio

RECI −0.49pt a year

OVB0.79%RECI0.30%

Avg volume · 30D

RECI 2.4×the volume

OVB11.6KRECI28K

OVB vs RECI Performance

Jul 31, 2026 – Oct 30, 2026

−0.1%OVB+3.2%RECI

Jul 31, 2026 to Oct 30, 2026. OVB −0.1%. RECI +3.2%. Use the arrow keys to read each point.−2%−1%1%2%4%Jul 2026Sep 2026Oct 2026
Expense ratio
OVB 0.79%
RECI 0.30%, better
Fund size
OVB $48M
RECI $10M
1Y total return
OVB +1.5%
RECI No data
Yield (12M)
OVB 6.71%
RECI No data
Holdings
OVB 1
RECI 356
Avg volume (30D)
OVB 11.6K sh
RECI 28K sh, better
NAV per share
OVB $19.69
RECI $20.49
52W range

ETF.net Grade

OVB: Cost 65, Risk 67, Mission not scored, Tradability 44, Holdings 37, Durability 67. RECI: Cost 100, Risk 87, Mission not scored, Tradability 73, Holdings 61, Durability 45.
Pillar letters and Scores for OVB, RECI, with each pillar’s weight
PillarOVBRECI
Cost30% weightB65A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightB67A87Higher
Tradability15% weightC44A73Higher
Holdings10% weightD37B61Higher
Durability5% weightB67HigherC45

Rank among Active Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. OVB and RECI are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds
See all 50 ›

RECI ranks 1st and OVB 18th of 50 funds in the Active Option Income Category.

  1. Rank 1ARECIColumbia Research Enhanced Core Premium Income ETScore 83
  2. Rank 2ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 80
  3. Rank 16BHBTAHorizon Expedition Plus ETFScore 58
  4. Rank 18BOVBOverlay Shares Core Bond ETFScore 57
  5. Rank 19CBUYWMain BuyWrite ETFScore 56

Our read on each fund

ETF.net Research

OVBBOverlay Shares Core Bond ETF

RECIAColumbia Research Enhanced Core Premium Income ET

In short

OVB Core 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.

RECI No data

Stated mandate

OVB 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.

RECI No data

Why people hold it

  • OVB The overlay is the point: a conventional investment-grade bond sleeve, with listed short-term put options sold on top as an income mechanism. Few core bond funds bolt that on.
  • The bond side stays in familiar territory: dollar-denominated, fixed-rate, taxable investment-grade debt, benchmarked to the Bloomberg U.S. Aggregate Bond Index.
  • Actively managed inside a standard 1940 Act fund wrapper, and trading since 2019, so the strategy has operated across sharply different rate environments.

RECI No data

Worth knowing

  • OVB Cost is the trade-off: 0.79% a year against a 0.36% category median, while index Agg funds like AGG, BND and SPAB charge 0.03%. One of the priciest routes to core bond exposure here.
  • Small fund, lightly traded. Spreads can run wider than the giant core bond ETFs, so limit orders matter more here.
  • Selling puts collects premium in exchange for taking on downside if the underlying market drops, and distributions arrive on an irregular schedule rather than a fixed cadence.

RECI No data

Full OVB profile⁠

Full RECI profile⁠

OVB vs RECI Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

OVB vs RECI Cost

Overpaying OVB vs RECI

$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%

    $6,149

$10,000
30 years

Cost over time

  • OVB 0.79%
  • RECI 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530OVB $15,174RECI $6,149

Year by year

YearOVBRECIOverpaying
10$1,405$545$860
20$5,331$2,113$3,218
30$15,174$6,149$9,025

Expense ratio

  • 0.79%OVB
  • 0.30%RECI, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

RECI cheapest of 50 funds

OVB 17th cheapest of 50 funds

OVB vs RECI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
OVB 6.71%
RECI No data
Payout (12M)
OVB $1.32
RECI No data
Last payment
OVB $0.10
RECI $0.03
Ex-dividend
OVB Oct 28, 2026
RECI Oct 1, 2026
Paid on
OVB Oct 29, 2026
RECI Oct 5, 2026
Frequency
OVB Monthly
RECI Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

OVBMonthly · 22 paymentsAll OVB payments⁠
One bar per payment. 22 payments from 2023 to 2026 YTD. Apr 4, 2023 $0.26; Jul 5, 2023 $0.26; Oct 3, 2023 $0.27; Dec 27, 2023 $0.28; Apr 3, 2024 $0.28; Jul 3, 2024 $0.28; Oct 3, 2024 $0.30; Dec 24, 2024 $0.30; Apr 3, 2025 $0.29; Jul 3, 2025 $0.31; Oct 3, 2025 $0.31; Dec 23, 2025 $0.31; Jan 28, 2026 $0.10; Feb 25, 2026 $0.08; Mar 27, 2026 $0.10; Apr 28, 2026 $0.11; May 27, 2026 $0.10; Jun 26, 2026 $0.10; Jul 29, 2026 $0.10; Aug 27, 2026 $0.10; Sep 29, 2026 $0.10; Oct 28, 2026 $0.10. Use the arrow keys to read each point.$0$0.2520232026YTD
RECIMonthly · 2 paymentsAll RECI payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Sep 1, 2026 $0.14; Oct 1, 2026 $0.03. Use the arrow keys to read each point.$0$0.2520232026YTD

OVB vs RECI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OVB 6.9%RECI No data
Return per unit of riskSharpe ratio, 3 years
OVB 0.49RECI No data
Worst fallMax drawdown, 5 years
OVB −21.3%RECI No data
Market sensitivityBeta, 5 years
OVB 1.29RECI 0.00

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