APCB vs OVB
ActivePassive Core Bond ETF vs Overlay Shares Core Bond ETF
Which is better, APCB or OVB?
Nearly the same fund. APCB costs less.
APCB has a lower expense ratio. APCB led over 1Y, OVB over 3Y and the full window. The two have moved almost in lockstep, correlation 0.95.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APCB | OVB |
|---|---|---|
| Expense Ratio | 0.36%Best | 0.79% |
| AUM | $989M | $47M |
| Dividend Yield | 4.44% | 7.91% |
| Holdings | 3,770 | 16 |
| YTD Return | -2.08%Best | -4.97% |
| 1Y Return | -1.94%Best | -5.85% |
| 3Y Return (annualized) | +3.95% | +4.18%Best |
| 5Y Return (annualized) | - | -1.34% |
| Volatility (annualized) | 5.2%Best | 7.3% |
| Max Drawdown | -6.4%Best | -8.4% |
| $10,000 over 3.4 years | $10,632 | $10,693Best |
| Fund Family | Envestnet Asset Management | Overlay Shares |
| Category | Fixed Income | Fixed Income |
| Inception | May 3, 2023 | Sep 30, 2019 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 3, 2023 to Oct 14, 2026 (3.4 years).
APCB vs OVB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
APCB vs OVB Performance
ActivePassive Core Bond ETF (APCB) is an ETF from Envestnet Asset Management and Overlay Shares Core Bond ETF (OVB) is an ETF from Overlay Shares. Over the past year APCB returned -1.94% while OVB returned -5.85%. Year to date, APCB is down 2.08% versus a loss of 4.97% for OVB.
Over three years, APCB compounded at +3.95% per year against +4.18% for OVB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVB has been the more volatile fund, with annualized monthly volatility of 7.3% compared with 5.2% for APCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.4% for APCB and -8.4% for OVB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APCB charges 0.36% per year while OVB charges 0.79%. On a $10,000 position that is $36 vs $79 annually, a gap of $43 per year that compounds over a long holding period. On income, APCB currently yields 4.44% against 7.91% for OVB.
Holdings Overlap
We hold position weights for 1,221 holdings in APCB and 2 in OVB, totalling 75.9% and 100.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
2 positions in common, counted across the 1,221 positions we hold weights for in APCB and 2 in OVB, against full books of 3,770 and 16.
You are not choosing between two funds in isolation.
Whichever of APCB and OVB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APCB or OVB?
APCB has an expense ratio of 0.36% while OVB charges 0.79%. APCB is the cheaper option, by $43 a year on a $10,000 investment.
Which performed better, APCB or OVB?
Over the past year APCB returned -1.94% vs -5.85% for OVB, so APCB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APCB or OVB?
OVB has been the more volatile fund at 7.3% annualized versus 5.2% for APCB. Worst drawdown: APCB -6.4% vs OVB -8.4%.
Should I hold both APCB and OVB?
APCB and OVB have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, APCB or OVB?
APCB yields 4.44% while OVB yields 7.91%, so OVB currently pays the higher dividend yield.
Is OVB better than APCB?
APCB has a lower expense ratio. APCB led over 1Y, OVB over 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.