OVB vs SCHZ
Overlay Shares Core Bond ETF vs Schwab US Aggregate Bond ETF
Which is better, OVB or SCHZ?
Each has led over a different period.
SCHZ has a lower expense ratio. OVB led over the full window, SCHZ over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94.
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 | OVB | SCHZ |
|---|---|---|
| Expense Ratio | 0.79% | 0.03%Best |
| AUM | $47M | $10.6B |
| Dividend Yield | 7.91% | 4.33% |
| Holdings | 16 | 24,843 |
| YTD Return | -4.97% | -2.13%Best |
| 1Y Return | -5.85% | -1.99%Best |
| 3Y Return (annualized) | +4.18% | +4.41%Best |
| 5Y Return (annualized) | -1.34% | -0.63%Best |
| Volatility (annualized) | 7.4% | 5.9%Best |
| Max Drawdown | -21.7% | -19.7%Best |
| $10,000 over 5 years | $9,348 | $9,689Best |
| Fund Family | Overlay Shares | Charles Schwab Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | Sep 30, 2019 | Jul 14, 2011 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Oct 1, 2019 to Oct 14, 2026 (7 years).
OVB vs SCHZ 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 7 years both funds cover.
OVB vs SCHZ Performance
Overlay Shares Core Bond ETF (OVB) is an ETF from Overlay Shares and Schwab US Aggregate Bond ETF (SCHZ) is an ETF from Charles Schwab Asset Management. Over the past year OVB returned -5.85% while SCHZ returned -1.99%. Year to date, OVB is down 4.97% versus a loss of 2.13% for SCHZ.
Over three years, OVB compounded at +4.18% per year against +4.41% for SCHZ; over five years the annualized figures are -1.34% and -0.63% respectively. Across the full 7-year window we track, OVB has the edge at +0.46% annualized vs -0.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVB has been the more volatile fund, with annualized monthly volatility of 7.4% compared with 5.9% for SCHZ. 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 -21.7% for OVB and -19.7% for SCHZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OVB charges 0.79% per year while SCHZ charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, OVB currently yields 7.91% against 4.33% for SCHZ.
Holdings Overlap
We hold position weights for 2 holdings in OVB and 10,307 in SCHZ, totalling 100.2% and 61.5% 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 2 positions we hold weights for in OVB and 10,307 in SCHZ, against full books of 16 and 24,843.
You are not choosing between two funds in isolation.
Whichever of OVB and SCHZ 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, OVB or SCHZ?
OVB has an expense ratio of 0.79% while SCHZ charges 0.03%. SCHZ is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, OVB or SCHZ?
Over the past year OVB returned -5.85% vs -1.99% for SCHZ, so SCHZ leads on 1-year performance. Over the longest common window we track (7 years), OVB annualized +0.46% vs -0.13% for SCHZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVB or SCHZ?
OVB has been the more volatile fund at 7.4% annualized versus 5.9% for SCHZ. Worst drawdown: OVB -21.7% vs SCHZ -19.7%.
Should I hold both OVB and SCHZ?
OVB and SCHZ have a monthly-return correlation of 0.94, 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, OVB or SCHZ?
OVB yields 7.91% while SCHZ yields 4.33%, so OVB currently pays the higher dividend yield.
Is SCHZ better than OVB?
SCHZ has a lower expense ratio. OVB led over the full window, SCHZ over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.