Screener
NEAR vs OVT
iShares Short Duration Bond Active ETF vs Overlay Shares Short Term Bond ETF
Key differences
Both NEAR and OVT are fixed income ETFs. NEAR charges 0.25% a year and OVT 0.79%. The main difference: NEAR follows a active selection strategy; OVT uses option income.
- NEAR follows a active selection strategy; OVT uses option income.
- NEAR costs 0.54% less per year.
- NEAR is much larger than OVT. Larger funds are usually more liquid and less likely to close.
- Over the last three years, OVT has delivered higher annualized returns.
- NEAR has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| NEAR | OVT | |
|---|---|---|
| Annual cost (TER) | 0.25% | 0.79% |
| Fund size (AUM) | $4.6B | $61M |
| Since | 2013 | 2021 |
| Dividend yield | 4.47% | 8.11% |
| Asset class | fixed income | fixed income |
| Region | north america | north america |
| Strategy | active selection | option income |
| CAGR 1Y | +4.1% | +8.3% |
| CAGR 3Y | +5.6% | +7.4% |
| CAGR 5Y | +3.9% | +2.9% |
| Sharpe 3Y | 1.18 | 0.88 |
| Volatility 1Y | 1.37% | 3.56% |
| Max drawdown | -9.61% | -13.59% |
Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.