OVM vs VTI
Overlay Shares Municipal Bond ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | OVM | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.81% | 0.03% | |
| AUM | $45M | $666.9B | |
| Dividend Yield | 5.82% | 1.07% | |
| Holdings | 11 | 3,543 | |
| YTD Return | -0.72% | +13.14% | |
| 1Y Return | +3.52% | +22.35% | |
| 3Y Return (annualized) | +3.63% | +21.83% | |
| 5Y Return (annualized) | +0.18% | +12.01% | |
| Volatility (annualized) | 7.3% | 15.3% | |
| Max Drawdown | -21.1% | -56.6% | |
| Fund Family | Overlay Shares | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 30, 2019 | May 24, 2001 |
OVM vs VTI Performance
Overlay Shares Municipal Bond ETF (OVM) is a ETF from Overlay Shares and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year OVM returned +3.52% while VTI returned +22.35%. Year to date, OVM is down 0.72% versus a gain of 13.14% for VTI.
Over three years, OVM compounded at +3.63% per year against +21.83% for VTI; over five years the annualized figures are +0.18% and +12.01% respectively. Across the full 7-year window we track, VTI has the edge at +8.09% annualized vs +1.77%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.3% for OVM. 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 -21.1% for OVM and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OVM charges 0.81% per year while VTI charges 0.03%. On a $10,000 position that is $81 vs $3 annually, a gap of $78 per year that compounds over a long holding period. On income, OVM currently yields 5.82% against 1.07% for VTI.
Holdings Overlap
OVM and VTI share 0 holdings out of 2789 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OVM or VTI?
OVM has an expense ratio of 0.81% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $78 per year of difference.
Which performed better, OVM or VTI?
Over the past year OVM returned +3.52% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (7 years), OVM annualized +1.77% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, OVM or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 7.3% for OVM. Worst drawdown: OVM -21.1% vs VTI -56.6%.
Should I hold both OVM and VTI?
OVM and VTI have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OVM and VTI?
OVM and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2789 unique securities.
Which pays a higher dividend, OVM or VTI?
OVM yields 5.82% while VTI yields 1.07%, so OVM currently pays the higher dividend yield.
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