OVT vs TECS

Comparison between Overlay Shares Short Term Bond ETF (OVT, ETF) and DIREXION DAILY TECHNOLOGY BEAR 3X SHARES (TECS, ETF).

5-Year PerformanceOVT has outperformed TECS, delivering a return of +2.8% compared to -57.5%

OVT vs TECS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OVT(ETF)	TECS(ETF)
Net Assets	$61M	$61M
Expense Ratio	0.79%	N/A
Max Drawdown	18.90%	100.00%
Sharpe Ratio	1.22	-1.89
5Y Beta	0.16	0.00
5Y Dividends CAGR	53.71%	-38.57%

Net Assets

OVT

$61M

TECS

$61M

Expense Ratio

OVT

0.79%

TECS

N/A

Max Drawdown

Winner

OVT

18.90%

TECS

100.00%

Sharpe Ratio

Winner

OVT

1.22

TECS

-1.89

5Y Beta

OVT

0.16

Winner

TECS

0.00

5Y Dividends CAGR

Winner

OVT

53.71%

TECS

-38.57%

OVT vs TECS - Historical Returns

Returns include dividend reinvestment.

Period	OVT	TECS
1 month	-0.08%	-19.15%
3 months	+1.56%	-62.80%
6 months	+2.89%	-59.49%
1 year	+8.13%	-76.31%
5 years(CAGR)	+2.85%	-57.53%
10 years(CAGR)	N/A	-62.09%
Max(CAGR)	+3.00%	-58.18%

Winner

OVT

-0.08%

TECS

-19.15%

Winner

OVT

+1.56%

TECS

-62.80%

Winner

OVT

+2.89%

TECS

-59.49%

Winner

OVT

+8.13%

TECS

-76.31%

5Y(CAGR)

Winner

OVT

+2.85%

TECS

-57.53%

10Y(CAGR)

OVT

N/A

TECS

-62.09%

Max(CAGR)

Winner

OVT

+3.00%

TECS

-58.18%

OVT vs TECS - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	OVT	TECS
2026	+2.34%	-58.76%
2025	+7.71%	-62.71%
2024	+7.94%	-53.32%
2023	+7.69%	-75.19%
2022	-9.59%	+49.15%
2021	+2.08%	-69.43%
2020	N/A	-87.10%
2019	N/A	-73.78%
2018	N/A	-16.23%
2017	N/A	-59.70%
2016	N/A	-45.63%
2015	N/A	-31.50%
2014	N/A	-47.59%
2013	N/A	-50.36%
2012	N/A	-39.81%
2011	N/A	-29.65%
2010	N/A	-42.66%
2009	N/A	-84.58%
2008	N/A	-3.03%

OVT vs TECS Drawdown Comparison

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

The maximum drawdown for TECS was -100.00%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current OVT drawdown is -0.84%. The current TECS drawdown is -100.00%.

Rank	OVT	TECS
#1	-13.59% Sep 3, 2021 - Jun 13, 2024	-100.00% Mar 9, 2009 - Jun 2, 2026
#2	-3.22% Feb 19, 2025 - Jun 23, 2025	-37.50% Jan 20, 2009 - Mar 6, 2009
#3	-2.08% Dec 6, 2024 - Feb 5, 2025	-22.97% Dec 30, 2008 - Jan 14, 2009
#4	-1.72% Sep 24, 2024 - Dec 4, 2024	-5.70% Jan 14, 2009 - Jan 20, 2009
#5	-1.55% Feb 27, 2026 - Apr 17, 2026	N/A
#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 TECS is -0.56 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.56

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