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OVTvsSCHZETF Comparison

ETF 1

OVT

Overlay Shares Short Term Bond ETF

This fund is part of

US Aggregate Bonds

+0.03%

Full OVT fund page

VS

ETF 2

SCHZ

Schwab U.S. Aggregate Bond ETF

This fund is part of

US Aggregate Bonds

+0.03%

Full SCHZ fund page

Overlay Shares Short Term Bond ETF (OVT) and Schwab U.S. Aggregate Bond ETF (SCHZ) belong to the same industry segment: US Aggregate Bonds. In contrast, SCHZ's top sector exposures are Sovereign, Industrials and Government Agencies. OVT is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.03% for SCHZ. OVT is up 2.09% year-to-date (YTD) with +$13M in YTD flows. SCHZ performs worse with -1.51% YTD performance, and +$1.65B in YTD flows. Run a side-by-side ETF comparison of OVT and SCHZ 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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OVT vs SCHZ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	OVT SCHZ	+0.52%-0.04%	-0.62%-1.72%	+2.09%-1.51%	+3.24%-1.68%	+23.46%+14.88%	+13.37%-1.84%
Flows	OVT SCHZ	+$849K+$124M	+$2M+$397M	+$13M+$1.65B	+$12M+$2.09B	+$1M+$3.92B	+$26M+$3.11B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	OVT SCHZ	+4.27%+4.37%	+3.81%+3.85%	+3.96%+4.97%	+4.46%+5.98%
Max drawdown	OVT SCHZ	-1.96%-3.29%	-1.96%-4.68%	-2.86%-4.88%	-13.25%-17.41%
Max drawdown duration	OVT SCHZ	64d52d	64d229d	112d284d	968d1556d

Trading data

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	OVT	SCHZ
Last sale 10/16/2026 at 1:30 PM	$21.36	$22.29
Previous close 10/15/2026	$21.39	$22.28
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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OVT

is actively managed and doesn’t replicate an index

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	OVT	SCHZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	OVT	SCHZ
Last price	$21.36	$22.29
1D performance	-0.16%	+0.04%
AuM	$61.05 M	$10.67 B
E/R	0.79%	0.03%

Characteristics

	OVT	SCHZ
Management strategy	Active	Passive
Provider	Overlay Shares	Schwab ETFs
Benchmark	-	Bloomberg US Aggregate Bond Index
N° of holdings	-	577
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	January 15, 2021	July 14, 2011
ESG	No	No

More OVT data on Trackinsight

More SCHZ data on Trackinsight

Exposure

Countries

OVT

Data will be available soon

SCHZ

USA

83.82%

Other

16.18%

Sectors

OVT

Data will be available soon

SCHZ

Sovereign

72.98%

Industrials

10.09%

Other

16.93%

Diversification

OVT

Data will be available soon

SCHZ

Total weight of top 15 holdings out of 15

8.98%

Top 15 holdings

Data as of January 1, 1970

OVT

Data will be available soon

SCHZ

USA, Notes 4.375% 15may2036, USD (C-2036)

0.73%

USA, Notes 4.125% 15feb2036, USD (B-2036)

0.64%

USA, Notes 4.625% 15feb2035, USD (B-2035)

0.63%

USA, Notes 4.375% 15may2034, USD (C-2034)

0.62%

USA, Notes 4.25% 15nov2034, USD (F-2034)

0.62%

USA, Notes 4.25% 15may2035, USD (C-2035)

0.61%

USA, Notes 4.25% 15aug2035, USD (E-2035)

0.61%

USA, Notes 4% 15feb2034, USD (B-2034)

0.61%

USA, Notes 3.875% 15aug2034, USD (E-2034)

0.60%

USA, Notes 4% 15nov2035, USD (F-2035)

0.60%

USA, Notes 4.5% 15nov2033, USD (F-2033)

0.59%

USA, Notes 3.5% 31jan2028, USD (U-2028)

0.55%

USA, Notes 3.875% 15aug2033, USD (E-2033)

0.54%

USA, Notes 4% 28feb2030, USD (H-2030)

0.51%

USA, Notes 1.25% 15aug2031, USD (E-2031)

0.51%

Frequently asked questions about OVT and SCHZ

How have the OVT and SCHZ ETFs performed in 2026?

As of October 16, 2026, OVT is up 2.09% year-to-date (YTD), while SCHZ has lost -1.51%. That puts OVT better performer ahead so far this year.

Which ETF is attracting more investor money: OVT or SCHZ?

Year-to-date, the OVT ETF saw +$13M in flows, compared to +$1.65B for SCHZ.

Which ETF is more volatile: OVT or SCHZ?

Over the past year, OVT had a volatility of 3.81%, while SCHZ experienced 3.85%.

Which ETF is bigger: OVT or SCHZ?

As of October 16, 2026, OVT holds $61.05 M in assets under management (AUM), while SCHZ manages $10.67 B.

Schwab Launches New High-Yield Bond ETF on NYSE ARCA

July 13, 2023

SCHZ

OVTvsSCHZETF Comparison

Overlay Shares Short Term Bond ETF

Schwab U.S. Aggregate Bond ETF

OVT vs SCHZ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the OVT and SCHZ ETFs performed in 2026?

As of October 16, 2026, OVT is up 2.09% year-to-date (YTD), while SCHZ has lost -1.51%. That puts OVT better performer ahead so far this year.

Which ETF is attracting more investor money: OVT or SCHZ?

Year-to-date, the OVT ETF saw +$13M in flows, compared to +$1.65B for SCHZ.

Which ETF is more volatile: OVT or SCHZ?

Over the past year, OVT had a volatility of 3.81%, while SCHZ experienced 3.85%.

Which ETF is bigger: OVT or SCHZ?

As of October 16, 2026, OVT holds $61.05 M in assets under management (AUM), while SCHZ manages $10.67 B.

Schwab Launches New High-Yield Bond ETF on NYSE ARCA

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