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ETFs

Overlay Shares Municipal Bond ETF

OVM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 30 2019
Expense Ratio
0.84%
Type
US Bonds
Fund Owner
Liquid Strategies
Volume (1m avg. daily)
$86,811
AUM
$14,360,422
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
100.22%
n/a
Cash & Other
0.77%
n/a
CBOE S&P PUT OPT 09/23 4390
0.32%
n/a
CBOE S&P PUT OPT 09/23 4350
0.23%
n/a
S&P 500 PUT OPT 10/23 4320
0.21%
n/a
CBOE S&P PUT OPT 09/23 4330
0.12%
n/a
S&P 500 PUT OPT 10/23 4175
0.07%
n/a
S&P 500 PUT OPT 10/23 4275
-0.17%
n/a
CBOE S&P PUT OPT 09/23 4400
-0.32%
n/a
CBOE S&P PUT OPT 09/23 4400
-0.39%
Invest with OVM

What is OVM?

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the Overlay Strategy ).

ETFs related toOVM

ETFs correlated to OVM include MUB, SCMB, VTEB

OVM
Listed Funds Trust - Overlay Shares Municipal Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
HYD
VanEck ETF Trust - VanEck High Yield Muni ETF
PZA
Invesco Capital Management LLC - Invesco National AMT-Free Municipal Bond ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

OVM is a US Bonds ETF. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the Overlay Strategy ).

Yes, OVM is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, OVM is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OVM is -0.0213%. This is the percent change in the value of OVM over the most recent 1-month period. The 3-month return on OVM is -0.0304%. This is the percent change in the value of OVM over the most recent 3-month period.

The standard deviation of OVM for the past year is 0.0566%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OVM include BAB, SUB, and MUNI.

ETFs correlated to OVM include MUB, SCMB, and VTEB.

ETFs that are inversely correlated to OVM include TBX, PST, and TTT.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.