Overlay Shares Municipal Bond ETF (OVM)
Description
The OVM ETF contains 0 constituents. It is focused on holdings in the region.
Price $20.97 as of 2022-10-20Cost/Risk/Yield
| Dividend yield | 7% |
| Expense ratio | 0.82% |
| Average spread | 0.668% |
| 1Y roundtrip cost | 1.488% |
Historic prices
Total Returns (including dividends)
Monthly returns heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | -3.7% | -0.7% | -2.0% | -3.9% | 1.3% | -2.1% | 3.1% | -3.5% | -4.9% | 0.9% | -15.5% | ||
| 2021 | 0.5% | -1.1% | 1.1% | 1.2% | 0.7% | 1.2% | 0.4% | 0.3% | -1.5% | 0.5% | 1.0% | -0.0% | 4.2% |
| 2020 | 0.8% | -1.3% | -3.0% | -1.4% | 4.8% | 1.2% | 2.1% | -0.2% | 0.0% | -1.1% | 2.6% | 0.7% | 5.2% |
| 2019 | 0.7% | 0.2% | 0.9% | ||||||||||
| -2.3% | -3.1% | -3.9% | -4.1% | 6.8% | 0.2% | 5.6% | -3.4% | -6.3% | 0.2% | 4.3% | 0.9% |
Historical Dividends
Monthly dividend heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 0.22 | 0.22 | 0.23 | 0.67 | |||||||||
| 2021 | 0.25 | 0.25 | 0.24 | 0.80 | 1.55 | ||||||||
| 2020 | 0.26 | 0.26 | 0.26 | 0.77 | |||||||||
| 2019 | 0.15 | 0.15 | |||||||||||
| 0.00 | 0.00 | 0.00 | 0.47 | 0.00 | 0.00 | 0.73 | 0.00 | 0.00 | 0.73 | 0.00 | 1.20 |
Sectors and Top Holdings
| Security | % Assets |
|---|---|
| iShares National Muni Bond ETF | 99.63% |
| First American Funds Inc X Government Obligations Fund | 0.33% |
| U.S. Dollar | 0.07% |
| Top 3 Weights | 100.03% |
Compare with similar ETFs
| OVM | FSMB | MMIT | MUNI | PZT | RVNU | |
|---|---|---|---|---|---|---|
| Product name | Overlay Shares Municipal Bond ETF | First Trust Short Duration Managed Municipal ETF | IQ MacKay Shields Municipal Intermediate ETF | PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund | PowerShares New York AMT-Free Municipal Bond Portfolio ETF | Deutsche X-trackers Municipal Infrastructure Revenue Bond ETF |
| Issuer | Overlay Shares | First Trust | IndexIQ | PIMCO | Invesco | Xtrackers |
| Price | $20.97 | $19.5489 | $23.48 | $50.18 | $21.34 | $22.95 |
| Expense Ratio | 0.82% |  0.45% | 0.31% | 0.35% | 0.28% | 0.15% |
| Average Spread | 0.668% | 0.051% | 0.128% | 0.060% | 0.234% | 0.261% |
| AUM | $9,465,630 | $164,143,000 | $209,182,000 | $610,844,000 | $96,145,400 | $122,542,000 |
| Shares | 451,389 | 8,396,543 | 8,908,954 | 12,173,060 | 4,505,410 | 5,339,538 |
| Average Daily Volume | 4,373 | 263,463 | 135,090 | 223,177 | 21,073 | 50,990 |
| Home page | Visit external site | Visit external site | Visit external site | Visit external site | Visit external site | Visit external site |
| Inception Date | 2019-09-30 | 2018-11-01 | 2017-10-18 | 2009-11-30 | 2007-10-11 | 2013-06-04 |
| Index Tracked | No Underlying Index | No Underlying Index | No Underlying Index | No Underlying Index | ICE BofAML New York Long-Term Core Plus Municipal Securities Index | Solactive Municipal Infrastructure Revenue Bond Index |
| Category | National Munis | National Munis | National Munis | National Munis | New York Munis | National Munis |
| Asset Class | Bond | Bond | Bond | Bond | Bond | Bond |
| Asset Class Size | ||||||
| Value or Growth | ||||||
| Region | ||||||
| Countries | U.S. | U.S. | U.S. | U.S. | U.S. | U.S. |
| Annual Dividend Rate | $1.468 | $0.251 | $0.554 | $0.973 | $0.655 | $0.643 |
| Annual Dividend Yield | 0.070% | 0.013% | 0.024% | 0.019% | 0.031% | 0.028% |
| Number of Holdings | 0 | 445 | 396 | 282 | 84 | 376 |
| YTD Return | -14.70% | -5.14% | -10.59% | -9.44% | -16.73% | -20.04% |
| Beta | 0.04 | 0.06 | 0.10 | 0.12 | 0.23 | 0.27 |
| Upside Beta | -0.09 | 0.01 | 0.09 | 0.01 | 0.01 | 0.03 |
| Downside Beta | -0.38 | -0.07 | 0.04 | -0.02 | -0.06 | -0.12 |
| Volatility 1Y | 5.80% | 2.12% | 3.64% | 3.17% | 6.45% | 7.27% |
| Sharpe Ratio 3Y | -0.70 | -0.68 | -0.80 | -0.91 | -0.89 | -1.07 |
| Treynor Ratio 3Y | -0.08 | -0.03 | -0.03 | -0.03 | -0.02 | -0.02 |