OVM vs SHAG

Comparison between OVERLAY SHARES MUNICIPAL BOND ETF (OVM, ETF) and WISDOMTREE YIELD ENHANCED U.S. SHORT-TERM AGGREGATE BOND FUND (SHAG, ETF).

5-Year PerformanceSHAG has outperformed OVM, delivering a return of +1.6% compared to +1.1%

OVM vs SHAG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OVM(ETF)	SHAG(ETF)
Net Assets	$43M	$43M
Expense Ratio	0.81%	0.12%
Max Drawdown	24.24%	11.39%
Sharpe Ratio	1.17	-0.27
5Y Beta	0.18	0.02
5Y Dividends CAGR	6.82%	22.32%

Net Assets

OVM

$43M

Winner

SHAG

$43M

Expense Ratio

OVM

0.81%

Winner

SHAG

0.12%

Max Drawdown

OVM

24.24%

Winner

SHAG

11.39%

Sharpe Ratio

Winner

OVM

1.17

SHAG

-0.27

5Y Beta

OVM

0.18

Winner

SHAG

0.02

5Y Dividends CAGR

OVM

6.82%

Winner

SHAG

22.32%

OVM vs SHAG - Historical Returns

Returns include dividend reinvestment.

Period	OVM	SHAG
1 month	-0.85%	+0.17%
3 months	+0.01%	-0.09%
6 months	+2.30%	+0.53%
1 year	+8.78%	+3.28%
5 years(CAGR)	+1.09%	+1.57%
10 years(CAGR)	N/A	+2.13%
Max(CAGR)	+2.56%	+2.13%

OVM

-0.85%

Winner

SHAG

+0.17%

Winner

OVM

+0.01%

SHAG

-0.09%

Winner

OVM

+2.30%

SHAG

+0.53%

Winner

OVM

+8.78%

SHAG

+3.28%

5Y(CAGR)

OVM

+1.09%

Winner

SHAG

+1.57%

10Y(CAGR)

OVM

N/A

SHAG

+2.13%

Max(CAGR)

Winner

OVM

+2.56%

SHAG

+2.13%

OVM vs SHAG - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	OVM	SHAG
2026	+2.56%	+0.53%
2025	+4.18%	+6.30%
2024	+3.99%	+4.49%
2023	+6.98%	+4.47%
2022	-11.22%	-6.19%
2021	+4.98%	-0.89%
2020	+6.00%	+4.56%
2019	+1.72%	+5.81%
2018	N/A	+0.88%
2017	N/A	-0.11%

OVM vs SHAG Drawdown Comparison

The maximum drawdown for OVM was -15.58%, occurring on Sep 30, 2022. Recovery took 694 trading sessions.

The maximum drawdown for SHAG was -9.61%, occurring on Oct 20, 2022. Recovery took 754 trading sessions.

The current OVM drawdown is -1.51%. The current SHAG drawdown is -0.47%.

Rank	OVM	SHAG
#1	-15.58% Dec 28, 2021 - Oct 2, 2024	-9.61% Aug 3, 2021 - Aug 2, 2024
#2	-14.90% Feb 20, 2020 - Jul 9, 2020	-5.80% Mar 6, 2020 - May 20, 2020
#3	-8.20% Dec 6, 2024 - Oct 15, 2025	-1.79% Sep 5, 2017 - Dec 24, 2018
#4	-2.44% Feb 27, 2026 - Apr 30, 2026	-1.38% Feb 27, 2026 - Mar 26, 2026
#5	-2.22% Feb 12, 2021 - Apr 15, 2021	-1.23% Sep 24, 2024 - Jan 27, 2025
#6	-2.12% Oct 2, 2024 - Nov 27, 2024	-1.09% Apr 3, 2025 - Apr 28, 2025
#7	-2.06% Sep 9, 2021 - Dec 28, 2021	-0.98% Sep 4, 2019 - Oct 3, 2019
#8	-1.84% Aug 10, 2020 - Nov 17, 2020	-0.86% Feb 10, 2021 - Jun 10, 2021
#9	-1.51% Jul 6, 2026 - Jul 21, 2026	-0.67% May 27, 2025 - Jun 23, 2025
#10	-1.50% Oct 27, 2025 - Dec 10, 2025	-0.60% Oct 3, 2019 - Dec 3, 2019
#11	-1.24% May 8, 2026 - May 27, 2026	-0.55% Apr 30, 2025 - May 27, 2025
#12	-1.22% Jan 14, 2026 - Feb 2, 2026	-0.52% Jun 30, 2025 - Aug 1, 2025
#13	-1.17% Dec 24, 2020 - Jan 20, 2021	-0.50% Feb 5, 2025 - Feb 21, 2025
#14	-1.07% Jun 4, 2026 - Jul 2, 2026	-0.45% Jun 10, 2021 - Jul 19, 2021
#15	-0.82% May 7, 2021 - May 25, 2021	-0.40% Jul 3, 2019 - Aug 1, 2019