OVB vs PTRB
Overlay Shares Core Bond ETF vs PGIM Total Return Bond ETF
Which is better, OVB or PTRB?
Nearly the same fund. PTRB costs less.
PTRB has a lower expense ratio. PTRB led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | OVB | PTRB |
|---|---|---|
| Expense Ratio | 0.79% | 0.49%Best |
| AUM | $47M | $1.1B |
| Dividend Yield | 7.91% | 5.75% |
| Holdings | 16 | 2,659 |
| YTD Return | -4.97% | -2.27%Best |
| 1Y Return | -5.85% | -2.12%Best |
| 3Y Return (annualized) | +4.18% | +5.15%Best |
| 5Y Return (annualized) | -1.34% | - |
| Volatility (annualized) | 8.5% | 7.1%Best |
| Max Drawdown | -20.9% | -19.2%Best |
| $10,000 over 4.8 years | $9,323 | $9,847Best |
| Fund Family | Overlay Shares | PGIM Investments |
| Category | Fixed Income | Fixed Income |
| Inception | Sep 30, 2019 | Dec 2, 2021 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Dec 8, 2021 to Oct 14, 2026 (4.8 years).
OVB vs PTRB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.8 years both funds cover.
OVB vs PTRB Performance
Overlay Shares Core Bond ETF (OVB) is an ETF from Overlay Shares and PGIM Total Return Bond ETF (PTRB) is an ETF from PGIM Investments. Over the past year OVB returned -5.85% while PTRB returned -2.12%. Year to date, OVB is down 4.97% versus a loss of 2.27% for PTRB.
Over three years, OVB compounded at +4.18% per year against +5.15% for PTRB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVB has been the more volatile fund, with annualized monthly volatility of 8.5% compared with 7.1% for PTRB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.9% for OVB and -19.2% for PTRB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OVB charges 0.79% per year while PTRB charges 0.49%. On a $10,000 position that is $79 vs $49 annually, a gap of $30 per year that compounds over a long holding period. On income, OVB currently yields 7.91% against 5.75% for PTRB.
Holdings Overlap
We hold position weights for 2 holdings in OVB and 675 in PTRB, totalling 100.2% and 52.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in OVB and 675 in PTRB, against full books of 16 and 2,659.
You are not choosing between two funds in isolation.
Whichever of OVB and PTRB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OVB or PTRB?
OVB has an expense ratio of 0.79% while PTRB charges 0.49%. PTRB is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, OVB or PTRB?
Over the past year OVB returned -5.85% vs -2.12% for PTRB, so PTRB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVB or PTRB?
OVB has been the more volatile fund at 8.5% annualized versus 7.1% for PTRB. Worst drawdown: OVB -20.9% vs PTRB -19.2%.
Should I hold both OVB and PTRB?
OVB and PTRB have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, OVB or PTRB?
OVB yields 7.91% while PTRB yields 5.75%, so OVB currently pays the higher dividend yield.
Is PTRB better than OVB?
PTRB has a lower expense ratio. PTRB led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.