OVM vs. HYGI ETF Comparison
Comparison of Overlay Shares Municipal Bond ETF (OVM) to iShares Inflation Hedged High Yield Bond ETF (HYGI)
OVM
Overlay Shares Municipal Bond ETF
OVM Description
The investment seeks total return. 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.
Grade (RS Rating)
Last Trade
$22.27
Average Daily Volume
7,786
1
HYGI
iShares Inflation Hedged High Yield Bond ETF
HYGI Description
The underlying index is designed to minimize the inflation risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in component securities and instruments in the fund"s underlying index. It is non-diversified.Grade (RS Rating)
Last Trade
$26.89
Average Daily Volume
303
1
Performance
| Period | OVM | HYGI |
|---|---|---|
| 30 Days | 1.25% | 1.33% |
| 60 Days | -0.17% | 0.66% |
| 90 Days | 0.54% | 2.10% |
| 12 Months | 7.36% | 11.30% |
0 Overlapping Holdings
| Symbol | Grade | Weight in OVM | Weight in HYGI | Overlap |
|---|
OVM Overweight 1 Positions Relative to HYGI
| Symbol | Grade | Weight | |
|---|---|---|---|
| MUB | C | 99.92% |
OVM Underweight 1 Positions Relative to HYGI
| Symbol | Grade | Weight | |
|---|---|---|---|
| HYG | A | -94.93% |
OVM: Top Represented Industries & Keywords
HYGI: Top Represented Industries & Keywords
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