GBND vs OVB
Goldman Sachs Core Bond ETF vs Overlay Shares Core Bond ETF
Which is better, GBND or OVB?
GBND has been ahead.
GBND has a lower expense ratio. GBND led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | GBND | OVB |
|---|---|---|
| Expense Ratio | 0.25%Best | 0.79% |
| AUM | $601M | $47M |
| Dividend Yield | 4.01% | 7.91% |
| Holdings | 747 | 16 |
| YTD Return | -2.40%Best | -4.97% |
| 1Y Return | -2.18%Best | -5.85% |
| 3Y Return (annualized) | - | +4.18% |
| 5Y Return (annualized) | - | -1.34% |
| Volatility (annualized) | 4.0%Best | 4.7% |
| Max Drawdown | -4.9%Best | -7.4% |
| $10,000 over 1.3 years | $10,090Best | $9,793 |
| Fund Family | Goldman Sachs Asset Management | Overlay Shares |
| Category | Fixed Income | Fixed Income |
| Inception | Jun 24, 2025 | Sep 30, 2019 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 26, 2025 to Oct 14, 2026 (1.3 years).
GBND 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 1.3 years both funds cover.
GBND vs OVB Performance
Goldman Sachs Core Bond ETF (GBND) is an ETF from Goldman Sachs Asset Management and Overlay Shares Core Bond ETF (OVB) is an ETF from Overlay Shares. Over the past year GBND returned -2.18% while OVB returned -5.85%. Year to date, GBND is down 2.40% versus a loss of 4.97% 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 4.7% compared with 4.0% for GBND. 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 -4.9% for GBND and -7.4% 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GBND charges 0.25% per year while OVB charges 0.79%. On a $10,000 position that is $25 vs $79 annually, a gap of $54 per year that compounds over a long holding period. On income, GBND currently yields 4.01% against 7.91% for OVB.
Holdings Overlap
We hold position weights for 480 holdings in GBND and 2 in OVB, totalling 52.2% and 100.2% 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 480 positions we hold weights for in GBND and 2 in OVB, against full books of 747 and 16.
You are not choosing between two funds in isolation.
Whichever of GBND 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, GBND or OVB?
GBND has an expense ratio of 0.25% while OVB charges 0.79%. GBND is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, GBND or OVB?
Over the past year GBND returned -2.18% vs -5.85% for OVB, so GBND leads on 1-year performance. Over the longest common window we track (1 years), GBND annualized +0.69% vs -1.60% for OVB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GBND or OVB?
OVB has been the more volatile fund at 4.7% annualized versus 4.0% for GBND. Worst drawdown: GBND -4.9% vs OVB -7.4%.
Should I hold both GBND and OVB?
GBND and OVB have a monthly-return correlation of 0.93, 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, GBND or OVB?
GBND yields 4.01% while OVB yields 7.91%, so OVB currently pays the higher dividend yield.
Is OVB better than GBND?
GBND has a lower expense ratio. GBND led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.