OVT vs NVD
Comparison between Overlay Shares Short Term Bond ETF (OVT, ETF) and GRANITESHARES 2X SHORT NVDA DAILY ETF (NVD, ETF).
OVT vs NVD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
OVT
$61M
NVD
$61M
Expense Ratio
OVT
0.79%
NVD
N/A
Max Drawdown
Winner
OVT
18.90%
NVD
99.48%
Sharpe Ratio
Winner
OVT
0.66
NVD
-0.64
5Y Beta
OVT
0.16
Winner
NVD
-3.96
5Y Dividends CAGR
OVT
55.69%
NVD
N/A
OVT vs NVD - Historical Returns
Returns include dividend reinvestment.
1M
Winner
OVT
-0.10%
NVD
-1.24%
3M
Winner
OVT
+0.04%
NVD
-16.64%
6M
Winner
OVT
+1.82%
NVD
-35.15%
1Y
Winner
OVT
+6.01%
NVD
-49.91%
5Y(CAGR)
OVT
+2.75%
NVD
N/A
Max(CAGR)
Winner
OVT
+2.91%
NVD
-79.17%
OVT vs NVD - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | OVT | NVD |
|---|---|---|
| 2026 | +2.19% | -31.81% |
| 2025 | +7.71% | -71.62% |
| 2024 | +7.94% | -93.38% |
| 2023 | +7.69% | -15.26% |
| 2022 | -9.59% | N/A |
| 2021 | +2.08% | N/A |
OVT vs NVD Drawdown Comparison
The maximum drawdown for OVT was -13.59%, occurring on Oct 14, 2022. Recovery took 697 trading sessions.
The maximum drawdown for NVD was -99.26%, occurring on May 14, 2026. This drawdown has not yet recovered.
The current OVT drawdown is -0.98%. The current NVD drawdown is -99.11%.
| Rank | OVT | NVD |
|---|---|---|
| #1 | -13.59% Sep 3, 2021 - Jun 13, 2024 | -99.26% Oct 26, 2023 - May 14, 2026 |
| #2 | -3.22% Feb 19, 2025 - Jun 23, 2025 | -18.47% Sep 21, 2023 - Oct 26, 2023 |
| #3 | -2.08% Dec 6, 2024 - Feb 5, 2025 | -11.64% Aug 22, 2023 - Sep 11, 2023 |
| #4 | -1.72% Sep 24, 2024 - Dec 4, 2024 | -2.83% Sep 12, 2023 - Sep 15, 2023 |
| #5 | -1.55% Feb 27, 2026 - Apr 17, 2026 | -0.26% Sep 15, 2023 - Sep 19, 2023 |
| #6 | -1.53% Oct 28, 2025 - Nov 26, 2025 | N/A |
| #7 | -1.25% May 29, 2026 - Jun 10, 2026 | N/A |
| #8 | -1.21% Feb 24, 2021 - Apr 8, 2021 | N/A |
| #9 | -0.91% Jan 6, 2026 - Jan 27, 2026 | N/A |
| #10 | -0.73% Jul 16, 2024 - Jul 31, 2024 | N/A |
| #11 | -0.69% Aug 2, 2024 - Aug 13, 2024 | N/A |
| #12 | -0.69% Sep 19, 2025 - Oct 8, 2025 | N/A |
| #13 | -0.67% Aug 16, 2021 - Aug 30, 2021 | N/A |
| #14 | -0.66% Jan 25, 2021 - Feb 8, 2021 | N/A |
| #15 | -0.64% Jun 15, 2021 - Jul 6, 2021 | N/A |
Correlation
Correlation between OVT and NVD is -0.81 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.81
-101
Dividend Comparison (2021 - 2026)
OVT vs NVD dividend yield comparison.
| Year | OVT | NVD |
|---|---|---|
| 2026 | 3.21% | 0.00% |
| 2025 | 7.21% | 11.83% |
| 2024 | 6.15% | 8.68% |
| 2023 | 5.11% | 15.78% |
| 2022 | 4.12% | 0.00% |
| 2021 | 4.41% | 0.00% |
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