OVM
Overlay Shares Municipal Bond ETF
OVM at a glance
OVM (Overlay Shares Municipal Bond ETF) currently pays a 5.1% distribution yield, paid monthly. On a $10,000 investment that works out to about $514 a year, or roughly $42.83 a month before taxes. That yield ranks #191 of the 218 income ETFs we track.
It charges an expense ratio of 0.81%, which is middle of the pack among the ETFs we track (about $81 a year per $10,000 invested) and it manages $45.0M in assets.
Yield is only half the story. OVM's total return since it launched on September 30, 2019 is +13% (about +1.8% per year), and our data flags price decay, meaning the share price is below where it started. Part of the income has been offset by a shrinking share price, so look at the total return, not just the payout.
How much will OVM pay you?
At today's yield, before taxes. Open the full OVM dividend calculator →
Where OVM ranks
#191 of 218 among income ETFsBetter than 12% of funds → see the listFee rank (lowest)
#79 of 170 cheapest firstBetter than 54% of funds → see the listSize rank
#225 of 271 by assetsBetter than 17% of funds → see the listAnnualized return rank
#124 of 142 funds with 1+ yearBetter than 13% of funds → see the list
ETFs similar to OVM
| ETF | Yield | $10K / yr | Expense | AUM | Annualized | Price decay | |
|---|---|---|---|---|---|---|---|
| OVMOverlay Shares Municipal Bond ETF | 5.1% | $514 | 0.81% | $45.0M | +1.8% | Yes | This fund |
| OVBOverlay Shares Core Bond ETF | 6.1% | $611 | 0.79% | $48.0M | +1.4% | Yes | Compare |
| OVTOverlay Shares Short Term Bond ETF | 6.4% | $635 | 0.79% | $61.0M | +2.6% | Yes | Compare |
| BNDINEOS Enhanced Income Aggregate Bond ETF | 5.7% | $570 | 0.58% | $192M | +3.0% | Yes | Compare |
| OVFOverlay Shares Foreign Equity ETF (OVF) | 10.4% | $1,040 | 0.83% | $62.0M | +9.1% | No | Compare |
| OVSOverlay Shares Small Cap Equity ETF (OVS) | 10.5% | $1,050 | 0.83% | $39.0M | +11% | No | Compare |
| SPHYState Street SPDR Portfolio High Yield Bond ETF | 7.5% | $754 | 0.05% | $12.1B | +4.7% | Yes | Compare |
Compare OVM with
Frequently asked questions
What is OVM's dividend yield?
OVM currently has a distribution yield of 5.1%, based on the TopETFs database. Yields change as payouts and the share price move.
How often does OVM pay dividends?
OVM pays monthly, which is about 12 payments a year.
How much does $10,000 in OVM pay?
At a 5.1% yield, $10,000 in OVM pays about $514 a year, or roughly $42.83 a month before taxes.
What is OVM's expense ratio?
OVM charges 0.81% a year, about $81 for every $10,000 invested.
Does OVM have price decay?
Yes. OVM's share price is below where it started, so part of its income has been offset by a falling share price. Its total return since inception is +13%.
Disclaimer: For educational purposes only, not financial advice or a recommendation to buy or sell. ETF data comes from the TopETFs database, refreshes daily and may be delayed, incomplete or outdated. Yields are trailing distribution yields and payouts can change or stop. Total return is since the fund's inception. Price chart and quote provided by TradingView and may be delayed. Always check the fund issuer's website and prospectus before investing. Full disclaimer.
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