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OVMvsIALTETF Comparison

ETF 1
OVM

Overlay Shares Municipal Bond ETF

This fund is part of
Multi-Asset: Other
-0.26%
VS
ETF 2
IALT

iShares Systematic Alternatives Active ETF

This fund is part of
Multi-Asset: Other
-0.26%

Overlay Shares Municipal Bond ETF (OVM) and iShares Systematic Alternatives Active ETF (IALT) belong to the same industry segment: Multi-Asset: Other. OVM is less expensive with a Total Expense Ratio (TER) of 0.81%, versus 0.99% for IALT. OVM is up 0.06% year-to-date (YTD) with +$11M in YTD flows. IALT performs better with 17.71% YTD performance, and +$7.33B in YTD flows. Run a side-by-side ETF comparison of OVM and IALT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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OVM vs IALT performance and flow charts

Performance

-2.0-1.00.01.02.0%Sep 16Sep 23Sep 30Oct 7Oct 14

Cumulative Flows

0 B0.5 B1 B1.5 BSep 16Sep 23Sep 30Oct 7Oct 14

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Historic performance and flows
Data as of 10/16/2026
1M3MYTD1Y3Y5Y
Perf.
OVM
IALT
+0.14%+0.89%
-3.26%+4.50%
+0.06%+17.71%
+0.97%n/a
+16.02%n/a
+2.73%n/a
Flows
OVM
IALT
-$209K+$1.72B
+$2M+$2.37B
+$11M+$7.33B
+$15M-
+$32M-
+$37M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
OVM
IALT
+6.64%+5.33%
+5.01%n/a
+5.32%n/a
+5.39%n/a
Max drawdown
OVM
IALT
-5.60%-1.97%
-6.33%n/a
-8.08%n/a
-15.59%n/a
Max drawdown duration
OVM
IALT
64d15d
102dn/a
306dn/a
1392dn/a
Trading data

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OVM
IALT
Last sale
10/16/2026 at 1:30 PM
$20.69
$29.71
Previous close
10/15/2026
$20.74
$29.88
Consolidated volume
10/15/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
OVM
IALT
Last price
$20.69
$29.71
1D performance
-0.27%
-0.57%
AuM$43.51 M$7.66 B
E/R0.81%0.99%
Characteristics
OVM
IALT
Management strategyActiveActive
ProviderOverlay SharesiShares
Benchmark--
N° of holdings--
Asset class--
Trailing 12m distribution yield
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Inception dateSeptember 25, 2019December 10, 2025
ESGNoNo
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Exposure

Countries

OVM
Data will be available soon
IALT
Data will be available soon

Sectors

OVM
Data will be available soon
IALT
Data will be available soon
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Diversification

OVM
Data will be available soon
IALT
Data will be available soon

Top 15 holdings

Data as of January 1, 1970
OVM
Data will be available soon
IALT
Data will be available soon
Frequently asked questions about OVM and IALT

How have the OVM and IALT ETFs performed in 2026?

As of October 16, 2026, OVM is up 0.06% year-to-date (YTD), while IALT has returned 17.71%. That puts IALT better performer ahead so far this year.

Which ETF is attracting more investor money: OVM or IALT?

Year-to-date, the OVM ETF saw +$11M in flows, compared to +$7.33B for IALT.

Which ETF is bigger: OVM or IALT?

As of October 16, 2026, OVM holds $43.51 M in assets under management (AUM), while IALT manages $7.66 B.

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