DIEM vs OVT

Comparison between FRANKLIN EMERGING MARKET CORE DIVIDEND TILT INDEX ETF (DIEM, ETF) and Overlay Shares Short Term Bond ETF (OVT, ETF).

5-Year PerformanceDIEM has outperformed OVT, delivering a return of +11.1% compared to +2.8%

DIEM vs OVT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DIEM(ETF)	OVT(ETF)
Net Assets	$61M	$61M
Expense Ratio	0.19%	0.79%
Max Drawdown	44.42%	18.90%
Sharpe Ratio	1.97	1.22
5Y Beta	0.78	0.16
5Y Dividends CAGR	5.73%	53.71%

Net Assets

DIEM

$61M

Winner

OVT

$61M

Expense Ratio

Winner

DIEM

0.19%

OVT

0.79%

Max Drawdown

DIEM

44.42%

Winner

OVT

18.90%

Sharpe Ratio

Winner

DIEM

1.97

OVT

1.22

5Y Beta

DIEM

0.78

Winner

OVT

0.16

5Y Dividends CAGR

DIEM

5.73%

Winner

OVT

53.71%

DIEM vs OVT - Historical Returns

Returns include dividend reinvestment.

Period	DIEM	OVT
1 month	+5.10%	-0.08%
3 months	+22.15%	+1.56%
6 months	+32.75%	+2.89%
1 year	+50.46%	+8.13%
5 years(CAGR)	+11.08%	+2.85%
10 years(CAGR)	+9.50%	N/A
Max(CAGR)	+9.30%	+3.00%

Winner

DIEM

+5.10%

OVT

-0.08%

Winner

DIEM

+22.15%

OVT

+1.56%

Winner

DIEM

+32.75%

OVT

+2.89%

Winner

DIEM

+50.46%

OVT

+8.13%

5Y(CAGR)

Winner

DIEM

+11.08%

OVT

+2.85%

10Y(CAGR)

DIEM

+9.50%

OVT

N/A

Max(CAGR)

Winner

DIEM

+9.30%

OVT

+3.00%

DIEM vs OVT - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	DIEM	OVT
2026	+26.98%	+2.34%
2025	+31.07%	+7.71%
2024	+13.77%	+7.94%
2023	+14.60%	+7.69%
2022	-20.87%	-9.59%
2021	+6.52%	+2.08%
2020	+0.09%	N/A
2019	+12.38%	N/A
2018	-12.43%	N/A
2017	+27.00%	N/A
2016	+1.77%	N/A

DIEM vs OVT Drawdown Comparison

The maximum drawdown for DIEM was -38.68%, occurring on Mar 23, 2020. Recovery took 766 trading sessions.

The maximum drawdown for OVT was -13.59%, occurring on Oct 14, 2022. Recovery took 697 trading sessions.

The current DIEM drawdown is -3.90%. The current OVT drawdown is -0.84%.

Rank	DIEM	OVT
#1	-38.68% Jan 26, 2018 - Feb 11, 2021	-13.59% Sep 3, 2021 - Jun 13, 2024
#2	-33.32% Feb 16, 2022 - Jul 12, 2024	-3.22% Feb 19, 2025 - Jun 23, 2025
#3	-16.82% Oct 7, 2024 - Jun 5, 2025	-2.08% Dec 6, 2024 - Feb 5, 2025
#4	-12.33% Feb 25, 2026 - Apr 17, 2026	-1.72% Sep 24, 2024 - Dec 4, 2024
#5	-10.67% Aug 15, 2016 - Feb 15, 2017	-1.55% Feb 27, 2026 - Apr 17, 2026
#6	-8.70% Jun 2, 2026 - Jun 5, 2026	-1.53% Oct 28, 2025 - Nov 26, 2025
#7	-8.25% Jul 12, 2024 - Sep 23, 2024	-1.25% May 29, 2026 - Jun 10, 2026
#8	-8.22% Jun 2, 2021 - Feb 16, 2022	-1.21% Feb 24, 2021 - Apr 8, 2021
#9	-5.08% Feb 17, 2021 - Apr 23, 2021	-0.91% Jan 6, 2026 - Jan 27, 2026
#10	-4.74% May 11, 2026 - May 26, 2026	-0.73% Jul 16, 2024 - Jul 31, 2024
#11	-4.09% Oct 8, 2025 - Oct 17, 2025	-0.69% Aug 2, 2024 - Aug 13, 2024
#12	-3.90% Nov 12, 2025 - Dec 24, 2025	-0.69% Sep 19, 2025 - Oct 8, 2025
#13	-3.54% May 7, 2021 - May 26, 2021	-0.67% Aug 16, 2021 - Aug 30, 2021
#14	-3.39% Jul 23, 2025 - Aug 12, 2025	-0.66% Jan 25, 2021 - Feb 8, 2021
#15	-3.27% Nov 22, 2017 - Dec 22, 2017	-0.64% Jun 15, 2021 - Jul 6, 2021

Correlation

Correlation between DIEM and OVT is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2016 - 2026)

DIEM vs OVT dividend yield comparison.

Year	DIEM	OVT
2026	0.13%	2.64%
2025	2.99%	7.21%
2024	4.92%	6.15%
2023	4.45%	5.11%
2022	6.31%	4.12%
2021	4.06%	4.41%
2020	2.75%	0.00%
2019	5.98%	0.00%
2018	3.87%	0.00%
2017	2.61%	0.00%
2016	0.35%	0.00%