OVM vs SPY
Comparison between OVERLAY SHARES MUNICIPAL BOND ETF (OVM, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed OVM, delivering a return of +13.0% compared to +1.1%
OVM vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
OVM vs SPY - Historical Returns
Returns include dividend reinvestment.
OVM vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | OVM | SPY |
|---|---|---|
| 2026 | +2.56% | +10.11% |
| 2025 | +4.18% | +18.00% |
| 2024 | +3.99% | +25.59% |
| 2023 | +6.98% | +26.72% |
| 2022 | -11.22% | -18.64% |
| 2021 | +4.98% | +30.52% |
| 2020 | +6.00% | +17.28% |
| 2019 | +1.72% | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
OVM vs SPY Drawdown Comparison
The maximum drawdown for OVM was -15.58%, occurring on Sep 30, 2022. Recovery took 694 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current OVM drawdown is -1.51%. The current SPY drawdown is -1.24%.
| Rank | OVM | SPY |
|---|---|---|
| #1 | -15.58% Dec 28, 2021 - Oct 2, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -14.90% Feb 20, 2020 - Jul 9, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -8.20% Dec 6, 2024 - Oct 15, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -2.44% Feb 27, 2026 - Apr 30, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -2.22% Feb 12, 2021 - Apr 15, 2021 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -2.12% Oct 2, 2024 - Nov 27, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -2.06% Sep 9, 2021 - Dec 28, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -1.84% Aug 10, 2020 - Nov 17, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -1.51% Jul 6, 2026 - Jul 21, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -1.50% Oct 27, 2025 - Dec 10, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -1.24% May 8, 2026 - May 27, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -1.22% Jan 14, 2026 - Feb 2, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.17% Dec 24, 2020 - Jan 20, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.07% Jun 4, 2026 - Jul 2, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -0.82% May 7, 2021 - May 25, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between OVM and SPY is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
OVM vs SPY dividend yield comparison.
| Year | OVM | SPY |
|---|---|---|
| 2026 | 2.60% | 0.49% |
| 2025 | 5.45% | 1.07% |
| 2024 | 4.91% | 1.21% |
| 2023 | 4.66% | 1.40% |
| 2022 | 4.21% | 1.65% |
| 2021 | 6.10% | 1.20% |
| 2020 | 3.97% | 1.52% |
| 2019 | 0.58% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
More Comparisons
Compare with similar stocks