EHLS vs OVT
Comparison between EVEN HERD LONG SHORT ETF (EHLS, ETF) and Overlay Shares Short Term Bond ETF (OVT, ETF).
EHLS vs OVT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EHLS
$61M
Winner
OVT
$61M
Expense Ratio
EHLS
2.62%
Winner
OVT
0.79%
Max Drawdown
EHLS
19.35%
Winner
OVT
18.90%
Sharpe Ratio
Winner
EHLS
0.72
OVT
0.66
5Y Beta
EHLS
0.72
Winner
OVT
0.16
P/E Ratio
EHLS
15.46
OVT
N/A
Forward P/E
EHLS
23.02
OVT
N/A
5Y Dividends CAGR
EHLS
N/A
OVT
55.69%
P/S Ratio
EHLS
0.16
OVT
N/A
P/B Ratio
EHLS
4.60
OVT
N/A
EHLS vs OVT - Historical Returns
Returns include dividend reinvestment.
1M
EHLS
-2.46%
Winner
OVT
-0.10%
3M
Winner
EHLS
+2.06%
OVT
+0.04%
6M
Winner
EHLS
+2.93%
OVT
+1.82%
1Y
Winner
EHLS
+17.50%
OVT
+6.01%
5Y(CAGR)
EHLS
N/A
OVT
+2.75%
Max(CAGR)
Winner
EHLS
+13.38%
OVT
+2.91%
EHLS vs OVT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | EHLS | OVT |
|---|---|---|
| 2026 | +10.78% | +2.19% |
| 2025 | +5.24% | +7.71% |
| 2024 | +11.59% | +7.94% |
| 2023 | N/A | +7.69% |
| 2022 | N/A | -9.59% |
| 2021 | N/A | +2.08% |
EHLS vs OVT Drawdown Comparison
The maximum drawdown for EHLS was -18.96%, occurring on Apr 4, 2025. Recovery took 154 trading sessions.
The maximum drawdown for OVT was -13.59%, occurring on Oct 14, 2022. Recovery took 697 trading sessions.
The current EHLS drawdown is -4.48%. The current OVT drawdown is -0.98%.
| Rank | EHLS | OVT |
|---|---|---|
| #1 | -18.96% Feb 10, 2025 - Sep 22, 2025 | -13.59% Sep 3, 2021 - Jun 13, 2024 |
| #2 | -12.85% May 28, 2024 - Oct 14, 2024 | -3.22% Feb 19, 2025 - Jun 23, 2025 |
| #3 | -9.06% Oct 15, 2025 - Jan 12, 2026 | -2.08% Dec 6, 2024 - Feb 5, 2025 |
| #4 | -8.35% Feb 25, 2026 - Apr 10, 2026 | -1.72% Sep 24, 2024 - Dec 4, 2024 |
| #5 | -7.47% Apr 5, 2024 - May 7, 2024 | -1.55% Feb 27, 2026 - Apr 17, 2026 |
| #6 | -7.09% May 26, 2026 - Jul 16, 2026 | -1.53% Oct 28, 2025 - Nov 26, 2025 |
| #7 | -6.33% Dec 6, 2024 - Feb 6, 2025 | -1.25% May 29, 2026 - Jun 10, 2026 |
| #8 | -6.00% Jan 28, 2026 - Feb 24, 2026 | -1.21% Feb 24, 2021 - Apr 8, 2021 |
| #9 | -2.83% Apr 14, 2026 - Apr 30, 2026 | -0.91% Jan 6, 2026 - Jan 27, 2026 |
| #10 | -2.83% Nov 11, 2024 - Nov 21, 2024 | -0.73% Jul 16, 2024 - Jul 31, 2024 |
| #11 | -2.75% May 14, 2026 - May 26, 2026 | -0.69% Aug 2, 2024 - Aug 13, 2024 |
| #12 | -2.57% May 6, 2026 - May 12, 2026 | -0.69% Sep 19, 2025 - Oct 8, 2025 |
| #13 | -2.15% Oct 30, 2024 - Nov 6, 2024 | -0.67% Aug 16, 2021 - Aug 30, 2021 |
| #14 | -2.10% Apr 3, 2024 - Apr 5, 2024 | -0.66% Jan 25, 2021 - Feb 8, 2021 |
| #15 | -1.96% Oct 9, 2025 - Oct 13, 2025 | -0.64% Jun 15, 2021 - Jul 6, 2021 |
Correlation
Correlation between EHLS and OVT is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2021 - 2026)
EHLS vs OVT dividend yield comparison.
| Year | EHLS | OVT |
|---|---|---|
| 2026 | 0.00% | 3.21% |
| 2025 | 0.00% | 7.21% |
| 2024 | 1.03% | 6.15% |
| 2023 | 0.00% | 5.11% |
| 2022 | 0.00% | 4.12% |
| 2021 | 0.00% | 4.41% |
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