FCSH vs OVT
Federated Hermes Short Duration Corporate ETF vs Overlay Shares Short Term Bond ETF
Which is better, FCSH or OVT?
Each has led over a different period.
FCSH has a lower expense ratio. FCSH led over 1Y and the full window, OVT over 3Y.
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 | FCSH | OVT |
|---|---|---|
| Expense Ratio | 0.30%Best | 0.79% |
| AUM | $66M | $61M |
| Dividend Yield | 4.31% | 8.35% |
| Holdings | 364 | 11 |
| YTD Return | -0.02%Best | -1.88% |
| 1Y Return | +0.65%Best | -2.69% |
| 3Y Return (annualized) | +4.96% | +5.03%Best |
| 5Y Return (annualized) | - | +1.51% |
| Volatility (annualized) | 3.2%Best | 5.6% |
| Max Drawdown | -8.5%Best | -12.9% |
| $10,000 over 4.8 years | $11,075Best | $10,776 |
| Fund Family | Federated Hermes | Overlay Shares |
| Category | Fixed Income | Fixed Income |
| Style | Short Term Bond | Short Term Bond |
| Inception | Dec 16, 2021 | Jan 14, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Dec 17, 2021 to Oct 14, 2026 (4.8 years).
FCSH vs OVT 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 4.8 years both funds cover.
FCSH vs OVT Performance
Federated Hermes Short Duration Corporate ETF (FCSH) is an ETF from Federated Hermes and Overlay Shares Short Term Bond ETF (OVT) is an ETF from Overlay Shares. Over the past year FCSH returned +0.65% while OVT returned -2.69%. Year to date, FCSH is down 0.02% versus a loss of 1.88% for OVT.
Over three years, FCSH compounded at +4.96% per year against +5.03% for OVT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVT has been the more volatile fund, with annualized monthly volatility of 5.6% compared with 3.2% for FCSH. 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 -8.5% for FCSH and -12.9% for OVT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FCSH charges 0.30% per year while OVT charges 0.79%. On a $10,000 position that is $30 vs $79 annually, a gap of $49 per year that compounds over a long holding period. On income, FCSH currently yields 4.31% against 8.35% for OVT.
Holdings Overlap
We hold position weights for 132 holdings in FCSH and 2 in OVT, totalling 74.7% and 100.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 132 positions we hold weights for in FCSH and 2 in OVT, against full books of 364 and 11.
You are not choosing between two funds in isolation.
Whichever of FCSH and OVT 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, FCSH or OVT?
FCSH has an expense ratio of 0.30% while OVT charges 0.79%. FCSH is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, FCSH or OVT?
Over the past year FCSH returned +0.65% vs -2.69% for OVT, so FCSH leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FCSH or OVT?
OVT has been the more volatile fund at 5.6% annualized versus 3.2% for FCSH. Worst drawdown: FCSH -8.5% vs OVT -12.9%.
Should I hold both FCSH and OVT?
FCSH and OVT have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FCSH or OVT?
FCSH yields 4.31% while OVT yields 8.35%, so OVT currently pays the higher dividend yield.
Is OVT better than FCSH?
FCSH has a lower expense ratio. FCSH led over 1Y and the full window, OVT over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.