OVT vs DIEM

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

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

OVT vs DIEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

OVT

$61M

DIEM

$61M

Expense Ratio

OVT

0.79%

Winner

DIEM

0.19%

Max Drawdown

Winner

OVT

18.90%

DIEM

44.42%

Sharpe Ratio

OVT

1.22

Winner

DIEM

1.97

5Y Beta

Winner

OVT

0.16

DIEM

0.78

5Y Dividends CAGR

Winner

OVT

53.71%

DIEM

5.73%

OVT vs DIEM - Historical Returns

Returns include dividend reinvestment.

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

OVT

-0.08%

Winner

DIEM

+5.10%

OVT

+1.56%

Winner

DIEM

+22.15%

OVT

+2.89%

Winner

DIEM

+32.75%

OVT

+8.13%

Winner

DIEM

+50.46%

5Y(CAGR)

OVT

+2.85%

Winner

DIEM

+11.08%

10Y(CAGR)

OVT

N/A

DIEM

+9.50%

Max(CAGR)

OVT

+3.00%

Winner

DIEM

+9.30%

OVT vs DIEM - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

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

OVT vs DIEM Drawdown Comparison

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

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

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

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

Correlation

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

0.93

-101

Dividend Comparison (2016 - 2026)

OVT vs DIEM dividend yield comparison.

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