OVT vs VOO
Overlay Shares Short Term Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | OVT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $62M | $997.4B | |
| Dividend Yield | 7.08% | 1.08% | |
| Holdings | 11 | 509 | |
| YTD Return | -0.59% | +13.20% | |
| 1Y Return | +0.32% | +21.62% | |
| 3Y Return (annualized) | +5.55% | +22.16% | |
| 5Y Return (annualized) | +1.76% | +13.42% | |
| Volatility (annualized) | 5.1% | 14.1% | |
| Max Drawdown | -13.6% | -34.3% | |
| Fund Family | Overlay Shares | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 14, 2021 | Sep 7, 2010 |
OVT vs VOO Performance
Overlay Shares Short Term Bond ETF (OVT) is a ETF from Overlay Shares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year OVT returned +0.32% while VOO returned +21.62%. Year to date, OVT is down 0.59% versus a gain of 13.20% for VOO.
Over three years, OVT compounded at +5.55% per year against +22.16% for VOO; over five years the annualized figures are +1.76% and +13.42% respectively. Across the full 6-year window we track, VOO has the edge at +13.51% annualized vs +1.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 5.1% for OVT. 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 -13.6% for OVT and -34.3% for VOO. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVT charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, OVT currently yields 7.08% against 1.08% for VOO.
Holdings Overlap
OVT and VOO share 0 holdings out of 507 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, OVT or VOO?
OVT has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, OVT or VOO?
Over the past year OVT returned +0.32% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), OVT annualized +1.96% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, OVT or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.1% for OVT. Worst drawdown: OVT -13.6% vs VOO -34.3%.
Should I hold both OVT and VOO?
OVT and VOO have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OVT and VOO?
OVT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, OVT or VOO?
OVT yields 7.08% while VOO yields 1.08%, so OVT currently pays the higher dividend yield.
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