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OVB ETF — Overlay Shares Core Bond ETF
Overlay Shares Core Bond ETF (OVB)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
OVB's distribution is rated caution by the Dividend Vision Distribution Safety Score™ (48/100, high confidence). It pays monthly and its distribution rate is 6.21%. The latest total cash payment per current share, $0.102 with an ex-date of October 28, 2026, was 1.0% lower than the previous $0.103. It is not yet confirmed whether this is a cut to the regular payout or a one-off difference.
Sources: Overlay Shares, Section 19a-1 notices, scoring methodology.
OVB is an ETF. Its distribution rate is 6.21%, its trailing-12-month yield is 6.70%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 48/100 (Caution). Total return is 11.4% over the past 7.1 years, 164.9 points behind SPY at 176.3%.
OVB dividend yield and income
Price as of 2026-11-06.
The distribution rate (6.21%) has no calculation basis on file. Trailing-12-month yield (6.70%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.102. The ex-dividend date is 10/28/2026. The payment date is 10/29/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-28 | $0.102 | -1.0% Total cash (unclassified) |
| 2026-09-29 | $0.103 | 0.0% Total cash (unclassified) |
| 2026-08-27 | $0.103 | 1.0% Total cash (unclassified) |
| 2026-07-29 | $0.102 | -1.0% Total cash (unclassified) |
| 2026-06-26 | $0.103 | 0.0% Total cash (unclassified) |
| 2026-05-27 | $0.103 | -4.6% Total cash (unclassified) |
| 2026-04-28 | $0.108 | 12.5% Total cash (unclassified) |
| 2026-03-27 | $0.096 | 14.3% Total cash (unclassified) |
| 2026-02-25 | $0.084 | -18.4% Total cash (unclassified) |
| 2026-01-28 | $0.103 | N/A |
| 2025-12-23 | $0.314 | 0.0% Total cash (unclassified) |
| 2025-10-03 | $0.314 | 1.9% Total cash (unclassified) |
| 2025-07-03 | $0.308 | 4.4% Total cash (unclassified) |
| 2025-04-03 | $0.295 | -2.0% Total cash (unclassified) |
| 2024-12-24 | $0.301 | -1.0% Total cash (unclassified) |
| 2024-10-03 | $0.304 | 7.0% Total cash (unclassified) |
| 2024-07-03 | $0.284 | 0.0% Total cash (unclassified) |
| 2024-04-03 | $0.284 | 2.5% Total cash (unclassified) |
| 2023-12-27 | $0.277 | 3.7% Total cash (unclassified) |
| 2023-10-03 | $0.267 | 1.5% Total cash (unclassified) |
| 2023-07-05 | $0.263 | 0.0% Total cash (unclassified) |
| 2023-04-04 | $0.263 | 4.0% Total cash (unclassified) |
| 2022-12-28 | $0.253 | 5.9% Total cash (unclassified) |
| 2022-10-04 | $0.239 | 3.0% Total cash (unclassified) |
| 2022-07-05 | $0.232 | 3.6% Total cash (unclassified) |
| 2022-04-04 | $0.224 | -48.1% Total cash (unclassified) |
| 2021-12-29 | $0.432 | 78.5% Total cash (unclassified) |
| 2021-10-04 | $0.242 | 1.3% Total cash (unclassified) |
| 2021-07-02 | $0.239 | -7.4% Total cash (unclassified) |
| 2021-04-05 | $0.258 | 5.3% Total cash (unclassified) |
| 2020-12-28 | $0.245 | -6.5% Total cash (unclassified) |
| 2020-10-02 | $0.262 | -3.0% Total cash (unclassified) |
| 2020-07-02 | $0.27 | 8.0% Total cash (unclassified) |
| 2020-03-27 | $0.25 | 71.2% Total cash (unclassified) |
| 2019-12-27 | $0.146 | — |
| 2019 total (partial launch year) | $0.146 | — |
| 2020 total | $1.027 | — |
| 2021 total | $1.171 | 14.0% |
| 2022 total | $0.948 | -19.0% |
| 2023 total | $1.07 | 12.9% |
| 2024 total | $1.173 | 9.6% |
| 2025 total | $1.231 | 4.9% |
| 2026 YTD total (cadence changed) | $1.007 | 9.8% vs prior-year YTD |
OVB dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +8.5%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -7.18%.
| Window | Change |
|---|---|
| 1Y | +8.5% |
| 3Y | 26.3% |
| 5Y | 34.2% |
OVB holdings and sector exposure
The top 1 holdings are 105.0% of the fund.
| Ticker | Name | Weight |
|---|---|---|
| AGG | iShares Trust - iShares Core U.S. Aggregate Bond ETF | 104.97% |
To see how this fund's sectors add up across your own holdings, use True Exposure.
OVB performance versus SPY
Total return is 11.4% over the past 7.1 years, 164.9 points behind SPY at 176.3%. Over the past year its total return — price change plus distributions reinvested — is 1.7%. Its deepest 1-year drawdown was 4.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.3% | — |
| 3M | -1.5% | — |
| 6M | -1.7% | — |
| YTD | 0.4% | — |
| 1Y | 1.7% | — |
| 2Y CAGR | — | 3.50% |
| 3Y CAGR | — | 6.40% |
| 5Y CAGR | — | -0.10% |
| Since 2019-10-01 (first price on file) · 7.1 years | 11.4% | 1.50% |
OVB key facts
- Distribution Safety Score™
- 48 · Caution
- Safety-Adjusted Yield
- 2.98%
- Issuer
- Overlay Shares
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 09/30/2019
- Expense ratio
- 0.79%
- Distribution rate
- 6.21%
- Distribution frequency
- Monthly
- Trailing yield
- 6.70%
- Last close
- $19.72 (as of 2026-11-06)
- AUM
- $47,889,664
- Average volume
- 2,358
- Dividend
- $0.102
- Ex-dividend date
- 10/28/2026
- Payment date
- 10/29/2026
- Beta
- 1.26
How Dividend Vision calculates yield and returns
Distribution rate (6.21%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (6.70%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Overlay Shares; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
OVB risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.0%.
Who may consider OVB — and who may not
It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on OVB
Frequently asked questions
Does OVB pay monthly?
Yes. OVB currently pays monthly.
What is OVB's expense ratio?
OVB's expense ratio is 0.79%.
What is OVB's dividend yield?
OVB's distribution rate is 6.21%, paid monthly, with a 0.79% expense ratio — no calculation basis on file.
How has OVB's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +8.5%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does OVB pay a dividend?
OVB pays monthly. The dividend amount is $0.102. The ex-dividend date is 10/28/2026. The payment date is 10/29/2026.
How has OVB performed?
Total return is 11.4% over the past 7.1 years, 164.9 points behind SPY at 176.3%. Over the past year its total return — price change plus distributions reinvested — is 1.7%. Its deepest 1-year drawdown was 4.0%.
Is OVB a good investment?
OVB's Dividend Vision Distribution Safety Score is 48 (Caution). That is a risk signal, not investment advice. Its distribution rate is 6.21% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Overlay Shares.
Tickers
OVB's distribution is rated caution by the Dividend Vision Distribution Safety Score™ (48/100, high confidence). It pays monthly and its distribution rate is 6.21%. The latest total cash payment per current share, $0.102 with an ex-date of October 28, 2026, was 1.0% lower than the previous $0.103. It is not yet confirmed whether this is a cut to the regular payout or a one-off difference.
Sources: Overlay Shares, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
| Ticker | Name | Weight |
|---|
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