Performance analysis of OVM (OVERLAY SHARES MUNICIPAL BOND ETF)
Annual Return
Over the past 3 years, OVM has had an average annual return of +4.41%, underperforming the benchmark SPY, which returned +19.31% annual.
Over the past 5 years, OVM has had an average annual return of +1.12%, underperforming the benchmark SPY, which returned +12.55% annual.
Since Oct 1, 2019, OVM has had an average annual return of +2.58%, underperforming the benchmark SPY, which returned +16.28% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +3% | +4.13% | +3.41% | +7.35% | -11.27% | +4.23% | +6.18% | +1.72% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.25% | +1.85% | -1.86% | +1.93% | +0.54% | +0.43% | -1.11% | +3% | |||||
| 2025 | +0.14% | +1.18% | -3.26% | -0.91% | -0.14% | +1.31% | +0.51% | +0.69% | +2.58% | +1.48% | +0.35% | +0.23% | +4.13% |
| 2024 | +0.46% | +0.79% | +0.55% | -2.35% | +0.54% | +1.79% | +1.27% | +0.58% | +1.39% | -1.79% | +2.59% | -2.33% | +3.41% |
| 2023 | +3.05% | -2.66% | +2.82% | +0.19% | -0.66% | +1.08% | +0.22% | -1.07% | -3.61% | -2.63% | +7.96% | +2.97% | +7.35% |
| 2022 | -3.66% | -0.72% | -2.02% | -3.87% | +1.30% | -2.14% | +3.13% | -3.49% | -4.86% | +0.19% | +5.44% | -0.69% | -11.27% |
| 2021 | +0.50% | -1.13% | +1.13% | +1.23% | +0.68% | +1.17% | +0.36% | +0.29% | -1.46% | +0.46% | +0.99% | -0.02% | +4.23% |
| 2020 | +0.85% | -1.29% | -2.06% | -1.42% | +4.83% | +1.16% | +2.14% | -0.22% | +0.02% | -1.09% | +2.58% | +0.73% | +6.18% |
| 2019 | +0.77% | +0.75% | +0.19% | +1.72% |
Drawdown analysis of OVM (OVERLAY SHARES MUNICIPAL BOND ETF)
The maximum drawdown for the OVM was -15.59%, occurring on Sep 30, 2022. Recovery took 503 trading sessions.
The current OVM drawdown is -1.39%.
Since Oct 1, 2019 OVM has experienced the following drawdowns:
- 10% or more: 2 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.59% | Dec 28, 2021 | 191 | Sep 30, 2022 | 503 | Oct 2, 2024 | 694 |
| -14.90% | Feb 20, 2020 | 20 | Mar 19, 2020 | 77 | Jul 9, 2020 | 97 |
| -8.19% | Dec 6, 2024 | 82 | Apr 8, 2025 | 131 | Oct 15, 2025 | 213 |
| -2.44% | Feb 27, 2026 | 17 | Mar 24, 2026 | 26 | Apr 30, 2026 | 43 |
| -2.22% | Feb 11, 2021 | 11 | Mar 1, 2021 | 32 | Apr 15, 2021 | 43 |
| -2.12% | Oct 2, 2024 | 25 | Nov 6, 2024 | 15 | Nov 27, 2024 | 40 |
| -2.06% | Sep 9, 2021 | 17 | Oct 4, 2021 | 59 | Dec 28, 2021 | 76 |
| -1.84% | Aug 10, 2020 | 58 | Oct 30, 2020 | 12 | Nov 17, 2020 | 70 |
| -1.51% | Oct 27, 2025 | 18 | Nov 20, 2025 | 13 | Dec 10, 2025 | 31 |
| -1.39% | Jul 6, 2026 | 10 | Jul 20, 2026 | Ongoing | Ongoing | Ongoing |
| -1.24% | May 8, 2026 | 7 | May 19, 2026 | 5 | May 27, 2026 | 12 |
| -1.21% | Jan 14, 2026 | 3 | Jan 20, 2026 | 9 | Feb 2, 2026 | 12 |
| -1.16% | Dec 24, 2020 | 5 | Jan 4, 2021 | 11 | Jan 20, 2021 | 16 |
| -1.06% | Jun 4, 2026 | 4 | Jun 10, 2026 | 15 | Jul 2, 2026 | 19 |
| -0.82% | May 7, 2021 | 4 | May 13, 2021 | 8 | May 25, 2021 | 12 |
| -0.78% | Jan 23, 2020 | 6 | Jan 31, 2020 | 7 | Feb 11, 2020 | 13 |
| -0.73% | Nov 27, 2019 | 4 | Dec 4, 2019 | 9 | Dec 17, 2019 | 13 |
| -0.65% | Dec 10, 2025 | 5 | Dec 17, 2025 | 4 | Dec 23, 2025 | 9 |
| -0.62% | Feb 2, 2026 | 3 | Feb 5, 2026 | 1 | Feb 6, 2026 | 4 |
| -0.59% | Oct 8, 2019 | 9 | Oct 21, 2019 | 8 | Oct 31, 2019 | 17 |
| -0.58% | Jan 26, 2021 | 3 | Jan 29, 2021 | 3 | Feb 3, 2021 | 6 |
| -0.57% | Aug 5, 2021 | 10 | Aug 19, 2021 | 14 | Sep 9, 2021 | 24 |
| -0.53% | Dec 24, 2025 | 4 | Dec 31, 2025 | 3 | Jan 6, 2026 | 7 |
| -0.50% | Jun 9, 2021 | 7 | Jun 18, 2021 | 8 | Jun 30, 2021 | 15 |
| -0.50% | Oct 31, 2019 | 6 | Nov 8, 2019 | 4 | Nov 14, 2019 | 10 |