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OVM
+0.35 · +1.64%
$21.66 · BATS

Overlay Shares Municipal Bond ETF (OVM) ETF Analysis | Muni National Long

Overlay Shares · USA
AUM:$33.4M
#– of – in Muni National Long ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 5.7% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.88% — above average for this category.

What is OVM?

The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Positive 1-Year Return
OVM returned 5.7% over the past year. Historical returns only — past performance is not indicative of future results.
Higher Cost Profile
Expense ratio of 0.88% is above average. Verify whether the strategy justifies the cost.
Concentrated Holdings
Top 10 holdings account for 99.6% of the ETF — significant weight in a small number of names.
ETF Information
AUM$33.4M
Expense Ratio0.88%
Dividend Yield5.84%
Holdings2
Inception DateSept 2019
Domicile–
Distribution–
Index–
ProviderOverlay Shares
Beta1.25
CategoryMuni National Long
CurrencyUSD
Portfolio Impact

How would OVM affect your portfolio?

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Example preview
6168
+7 points · better diversified

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Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-2.8%
1Y
+4.9%
3Y
+12.7%
5Y
+2.8%
OpenBook InsightIf you had invested £10,000 in OVM 5 years ago, it would have grown to £10,282 — a gain of £282.

Annual Returns

Calendar year performance

OVM delivered positive returns in 3 of the last 5 calendar years.
YearOVM
2026 YTD-0.1%
2025+4.2%
2024+4.0%
2023+7.0%
2022-11.2%
CAGR 4yr+0.7%
3/5 positive yearsAvg return: +0.8%Worst year: -11.2% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
5.9%
Low
Momentum
-1.4%
30-day change
Support Level
21.23
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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