OVM vs JHMU
Comparison between OVERLAY SHARES MUNICIPAL BOND ETF (OVM, ETF) and JOHN HANCOCK DYNAMIC MUNICIPAL BOND ETF (JHMU, ETF).
OVM vs JHMU - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
OVM
$44M
JHMU
$44M
Expense Ratio
OVM
0.81%
Winner
JHMU
0.39%
Max Drawdown
OVM
24.24%
Winner
JHMU
7.70%
Sharpe Ratio
Winner
OVM
0.85
JHMU
0.48
5Y Beta
OVM
0.19
Winner
JHMU
0.01
5Y Dividends CAGR
OVM
4.01%
JHMU
N/A
OVM vs JHMU - Historical Returns
Returns include dividend reinvestment.
1M
Winner
OVM
+0.47%
JHMU
+0.29%
3M
OVM
-0.12%
Winner
JHMU
+0.24%
6M
Winner
OVM
-0.32%
JHMU
-1.25%
1Y
Winner
OVM
+7.56%
JHMU
+5.06%
5Y(CAGR)
OVM
+1.01%
JHMU
N/A
Max(CAGR)
OVM
+2.47%
Winner
JHMU
+6.23%
OVM vs JHMU - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | OVM | JHMU |
|---|---|---|
| 2026 | +2.14% | +0.81% |
| 2025 | +4.18% | +4.79% |
| 2024 | +3.99% | +3.96% |
| 2023 | +6.98% | +7.77% |
| 2022 | -11.22% | N/A |
| 2021 | +4.98% | N/A |
| 2020 | +6.00% | N/A |
| 2019 | +1.72% | N/A |
OVM vs JHMU Drawdown Comparison
The maximum drawdown for OVM was -15.58%, occurring on Sep 30, 2022. Recovery took 694 trading sessions.
The maximum drawdown for JHMU was -4.48%, occurring on Apr 11, 2025. Recovery took 129 trading sessions.
The current OVM drawdown is -1.91%. The current JHMU drawdown is -1.57%.
| Rank | OVM | JHMU |
|---|---|---|
| #1 | -15.58% Dec 28, 2021 - Oct 2, 2024 | -4.48% Mar 3, 2025 - Sep 5, 2025 |
| #2 | -14.90% Feb 20, 2020 - Jul 9, 2020 | -2.77% Feb 26, 2026 - Jun 26, 2026 |
| #3 | -8.20% Dec 6, 2024 - Oct 15, 2025 | -2.56% Dec 6, 2024 - Feb 28, 2025 |
| #4 | -2.88% Jul 6, 2026 - Jul 30, 2026 | -2.33% Oct 1, 2024 - Dec 4, 2024 |
| #5 | -2.44% Feb 27, 2026 - Apr 30, 2026 | -2.02% Jul 6, 2026 - Jul 23, 2026 |
| #6 | -2.22% Feb 12, 2021 - Apr 15, 2021 | -1.43% May 15, 2024 - Jun 12, 2024 |
| #7 | -2.12% Oct 2, 2024 - Nov 27, 2024 | -1.21% Mar 13, 2024 - May 15, 2024 |
| #8 | -2.06% Sep 9, 2021 - Dec 28, 2021 | -1.10% Jan 11, 2024 - Jan 31, 2024 |
| #9 | -1.84% Aug 10, 2020 - Nov 17, 2020 | -0.96% Feb 1, 2024 - Feb 26, 2024 |
| #10 | -1.50% Oct 27, 2025 - Dec 10, 2025 | -0.66% Aug 2, 2024 - Aug 23, 2024 |
| #11 | -1.24% May 8, 2026 - May 27, 2026 | -0.62% Nov 14, 2023 - Nov 20, 2023 |
| #12 | -1.22% Jan 14, 2026 - Feb 2, 2026 | -0.47% Nov 11, 2025 - Nov 26, 2025 |
| #13 | -1.17% Dec 24, 2020 - Jan 20, 2021 | -0.44% Jun 18, 2024 - Jul 5, 2024 |
| #14 | -1.07% Jun 4, 2026 - Jul 2, 2026 | -0.43% Dec 27, 2023 - Jan 11, 2024 |
| #15 | -0.82% May 7, 2021 - May 25, 2021 | -0.38% Nov 22, 2023 - Nov 27, 2023 |
Correlation
Correlation between OVM and JHMU is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2019 - 2026)
OVM vs JHMU dividend yield comparison.
| Year | OVM | JHMU |
|---|---|---|
| 2026 | 3.05% | 2.08% |
| 2025 | 5.45% | 4.36% |
| 2024 | 4.91% | 7.29% |
| 2023 | 4.66% | 0.63% |
| 2022 | 4.21% | 0.00% |
| 2021 | 6.10% | 0.00% |
| 2020 | 3.97% | 0.00% |
| 2019 | 0.58% | 0.00% |
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