Screener
OVT vs CGMU
Overlay Shares Short Term Bond ETF vs Capital Group Municipal Income ETF
Key differences
Both OVT and CGMU are fixed income ETFs. OVT charges 0.79% a year and CGMU 0.27%. The main difference: OVT follows a option income strategy; CGMU uses index tracking.
- OVT follows a option income strategy; CGMU uses index tracking.
- CGMU costs 0.52% less per year.
- CGMU 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.
Side-by-side comparison
| OVT | CGMU | |
|---|---|---|
| Annual cost (TER) | 0.79% | 0.27% |
| Fund size (AUM) | $61M | $6.1B |
| Since | 2021 | 2022 |
| Dividend yield | 8.11% | 3.34% |
| Asset class | fixed income | fixed income |
| Region | north america | north america |
| Strategy | option income | index tracking |
| CAGR 1Y | +8.3% | +6.4% |
| CAGR 3Y | +7.4% | +4.6% |
| CAGR 5Y | +2.9% | N/A |
| Sharpe 3Y | 0.88 | 0.30 |
| Volatility 1Y | 3.56% | 2.28% |
| Max drawdown | -13.59% | -4.10% |
Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.