Overlay Shares Core Etf Profile
| OVB Etf | USD 20.63 0.05 0.24% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Overlay Shares is trading at 20.63 as of the 21st of November 2024, a 0.24 percent decrease since the beginning of the trading day. The etf's open price was 20.68. Overlay Shares has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Overlay Shares Core are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of October 2024 and ending today, the 21st of November 2024. Click here to learn more.
The fund is an actively-managed exchange-traded fund that seeks to achieve its objective by investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade, U.S. dollar-denominated, fixed-rate taxable bonds or directly in the securities held by such ETFs and selling and purchasing listed short-term put options to generate income to the fund. More on Overlay Shares Core
Moving together with Overlay Etf
| 0.93 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.93 | AGG | iShares Core Aggregate Sell-off Trend | PairCorr |
| 0.93 | BIV | Vanguard Intermediate | PairCorr |
| 0.93 | SPAB | SPDR Portfolio Aggregate Sell-off Trend | PairCorr |
| 0.93 | EAGG | iShares ESG Aggregate | PairCorr |
| 0.93 | FLCB | Franklin Templeton ETF | PairCorr |
Moving against Overlay Etf
Overlay Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Investment Grade ETFs, Broad Debt ETFs, Intermediate Core Bond, Overlay Shares (View all Sectors) |
| Issuer | Liquid Strategies |
| Inception Date | 2019-09-30 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 51.47 Million |
| Asset Type | Fixed Income |
| Category | Broad Debt |
| Focus | Investment Grade |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Liquid Strategies, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Bradley Ball, Adam Stewart, Shawn Gibson, Justin Boller |
| Transfer Agent | U.S. Bank, N.A. |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 10.0 |
| Market Maker | GTS |
| Total Expense | 0.87 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 4.83 |
| Name | Overlay Shares Core Bond ETF |
| Currency Code | USD |
| Open Figi | BBG00QFP22J3 |
| In Threey Volatility | 10.26 |
| 1y Volatility | 10.0 |
| 200 Day M A | 20.7632 |
| 50 Day M A | 21.0929 |
| Code | OVB |
| Updated At | 21st of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.57) |
| Type | ETF |
Overlay Shares Core [OVB] is traded in USA and was established 2019-09-30. The fund is classified under Intermediate Core Bond category within Overlay Shares family. The entity is thematically classified as Investment Grade ETFs. Overlay Shares Core now have 56.61 M in assets. , while the total return for the last 3 years was -2.3%.
Check Overlay Shares Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Overlay Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Overlay Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Overlay Shares Core Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Overlay Shares Core Etf Constituents
| AGG | iShares Core Aggregate | Etf | Intermediate Core Bond | |
| FGXXX | First American Funds | Money Market Fund | US Money Market Fund |
Overlay Shares Core Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Overlay Shares. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.15) |
Overlay Shares Against Markets
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Overlay Shares Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Overlay Shares Core is measured differently than its book value, which is the value of Overlay that is recorded on the company's balance sheet. Investors also form their own opinion of Overlay Shares' value that differs from its market value or its book value, called intrinsic value, which is Overlay Shares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Overlay Shares' market value can be influenced by many factors that don't directly affect Overlay Shares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Overlay Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Overlay Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Overlay Shares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.