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Overlay Shares Short Term Bond ETF (OVT) - ETF





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Volume(000's)


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Price21.54
Volume5k
Avg Vol63k
RSf21.0
$Vol(21d)2m
52 wk High22.34
52 wk Low20.18
Yield(ttm)3.97%
Inception:Jan 2021
Total Returns:
1 day0.4%
5 day0.7%
1 month-3.6%
3 month-1.7%
6 month6.2%
9 month3.1%
1 year4.2%
Price Data: Closing Price
 
Compare Funds:
Correlated Group: Fixed Income (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
iShares Core Moderate AllocationAOM0.73  
iShares Core Conservative AllocationAOK0.72  
iShares Core Growth AllocationAOR0.70  
iShares iBoxx $ High Yield Corporate Bond FunHYG0.68  
iShares Core Aggressive AllocationAOA0.68  
FlexShares HY Val-Scrd BdHYGV0.68  
Invesco High Yield Corporate Bond PortfolPHB0.68  
Strategy Shares Nasdaq 7 Handl ETFHNDL0.68  
WisdomTree 90/60 US BalancedNTSX0.68  
SPDR Barclays ST High Yield Bond ETFSJNK0.67  
Least Correlated
Teucrium Soybean Fund ETFSOYB0.02  
KFA Global Carbon ETFKRBN0.02  
WisdomTree US Agg Bond Zero DurAGZD0.01  
Alpha Architect 1-3 Month Box ETFBOXX0.00  
Ab Ultra Short Income ETFYEAR0.00  
Invesco DB Agriculture FundDBA-0.01  
Harbor All-Weather Inflation Focus ETFHGER-0.01  
SPDR Barclays Capital Inv Grade Floating RtFLRN-0.01  
Aptus Enhanced YieldJUCY-0.01  
Invesco Short Term TreasuryTBLL-0.01  
Most Inversely Correlated
Proshares UltraShort QQQQID-0.57  
ProShares Short QQQPSQ-0.57  
Proshares UltraShort Real EstateSRS-0.57  
ProShares UltraPro Short QQQSQQQ-0.57  
Direxion Daily S&P500 Hig Beta Bear 3xHIBS-0.58  
ProShares Short S&P 500SH-0.62  
Direxion S&P 500 Bear 3X SharesSPXS-0.62  
Proshares UltraShort S&P500SDS-0.62  
Direxion Daily S&P 500 Bear 1X SharesSPDN-0.63  
ProShares Short High Yield SJB-0.67  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2024-04-26.


Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.








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