Data as of Oct 28, 2026.
AGG vs OVB: Differences, Returns & Fees
Over the year to Oct 28, 2026, AGG returned −1.4% to OVB's +0.6%, and AGG charges 0.03% to OVB's 0.79%.
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Net assets: $139.4bn on Oct 27, 2026 for iShares Core U.S. Aggregate Bond ETF, and $47m on Aug 31, 2026 for Overlay Shares Core Bond ETF.
Pair scorecard
AGG costs 0.76 points a year less; their one-year returns differ by 2.0 points.
| Measure | AGG | OVB |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | +0.6% |
| Price change, 1 year | fell 5.3% | fell 5.8% |
| Latest payout, annualized | 6.2% | |
| Return of capital, issuer estimate | 88% of the Oct 29, 2026 payment | |
| Drawdown | ||
| Below its high | 3.4%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Bond Index | Benchmark: US investment grade bonds, measured through AGG |
| Cost and size | ||
| Expense ratio | 0.03% | 0.79% |
| Net assets, AGG as of Oct 27, 2026 and OVB as of Aug 31, 2026 | $139.4bn | $47m |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Oct 11, 2019 to Oct 23, 2026 · 367 weekly returnsEach against its own benchmark: AGG against SCHZ, Jul 22, 2011 to Oct 23, 2026; OVB against AGG, Oct 11, 2019 to Oct 23, 2026.
OVB returned more: +11.8% to +4.6%. AGG swung less: 5.9% to 7.1%. AGG fell less at its worst: −18.2% to −21.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AGG | OVB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +4.6% | +11.8% | OVB | Price change plus distributions, reinvested. |
| Annualized | +0.6% | +1.6% | OVB | Total return as a yearly rate. |
| Price return | −14.9% | −21.1% | AGG | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.9% | 7.1% | AGG | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.3% | 5.1% | AGG | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.2% | −21.4% | AGG | Deepest fall from a high to the low after it. |
| Upside capture | 97.5% | 115.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.5% | 107.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.94 | 1.08 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.95 | 0.81 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.35 | −0.15 | OVB | Return above Treasury bills per unit of volatility. |
| Sortino | −0.48 | −0.21 | OVB | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.004 | −0.010 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.04 | 0.07 | OVB | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SCHZ | AGG | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | +1.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.23 | 1.01 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.6% | −1.1% to +3.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.04 | 0.32 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.1% | 3.1% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 367 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AGG and OVB hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
AGG and OVB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
AGG and OVB do different jobs. What does each one do in a portfolio?
- What each follows. AGG follows Bloomberg U.S. Aggregate Bond Index and OVB is measured against US investment grade bonds through AGG.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AGG returned −1.4% and OVB +0.6% with distributions reinvested, a gap of 2.0 points.
Data as of Oct 28, 2026.
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AGG
AGG tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.3% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.4% below its high of Aug 4, 2020 on Oct 28, 2026.
OVB
Over the year to Oct 28, 2026, OVB paid 6.3% of its starting value in cash distributions while its price fell 5.8%. With every distribution reinvested, the fund returned +0.6%. US investment grade bonds (AGG) returned −1.4% over the same days, so a holder was ahead by 2.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.2%, paid monthly. Overlay Shares estimates that 88% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are AGG and OVB in the same category?
- AGG is a bond ETF and OVB is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, AGG or OVB?
- In the year to Oct 28, 2026, with distributions reinvested, AGG returned −1.4% and OVB +0.6%.
- Which is cheaper, AGG or OVB?
- AGG is cheaper, by 0.76 percentage points a year. That is about $76 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, AGG against OVB, data as of Oct 28, 2026. https://etfiq.com/compare/any/agg-vs-ovb
ETFIQ. (Oct 28, 2026). AGG against OVB. Retrieved from https://etfiq.com/compare/any/agg-vs-ovb
[AGG against OVB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/agg-vs-ovb)
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