OVM vs. TYD ETF Comparison
Comparison of Overlay Shares Municipal Bond ETF (OVM) to Direxion Daily 10-Yr Treasury Bull 3x Shrs (TYD)
OVM
Overlay Shares Municipal Bond ETF
OVM Description
The investment seeks total return. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.
Grade (RS Rating)
Last Trade
$21.77
Average Daily Volume
14,053
1
TYD
Direxion Daily 10-Yr Treasury Bull 3x Shrs
TYD Description
The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE 7-10 Year Treasury Bond Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in U.S. government securities that comprise the NYSE 7-10 Year Treasury Bond Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a multi-security index that includes all qualified U.S. Treasury bonds. The fund is non-diversified.Grade (RS Rating)
Last Trade
$23.54
Average Daily Volume
36,464
1
Performance
| Period | OVM | TYD |
|---|---|---|
| 30 Days | -2.10% | -8.90% |
| 60 Days | -1.56% | -7.88% |
| 90 Days | -0.80% | -12.13% |
| 12 Months | 2.27% | -25.21% |
0 Overlapping Holdings
| Symbol | Grade | Weight in OVM | Weight in TYD | Overlap |
|---|
OVM Overweight 1 Positions Relative to TYD
| Symbol | Grade | Weight | |
|---|---|---|---|
| MUB | B | 99.89% |
OVM Underweight 1 Positions Relative to TYD
| Symbol | Grade | Weight | |
|---|---|---|---|
| IEF | F | -71.62% |
OVM: Top Represented Industries & Keywords
TYD: Top Represented Industries & Keywords
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