Overlay Shares Municipal Bond ETF (OVM)

22.00 -0.05 (-0.24%) USD  |  NYSEARCA  |  Oct 31, 16:00
22.00 0.00 (0.00%) After-Hours: 20:00
More

OVM Alpha (vs YCharts Benchmark) (5Y)

Alpha (vs YCharts Benchmark) (5Y) Chart

View Alpha (vs YCharts Benchmark) (5Y) for OVM.
Upgrade now.
Sep '18
Jan '19
May '19
 
285.00
270.00
255.00
240.00

Historical Alpha (vs YCharts Benchmark) (5Y) Data

View and export this data back to . Upgrade now.
Date Value

Alpha Definition

Alpha measures the excess return that a security provides. Alpha can be measured by taking Risk Adjusted Security Return - Beta*(Risk Adjusted Market Return). This formula will return the outperformance that the security provides. Alpha is an important metric for active investing, where investors look for outperforming a particular benchmark.

Read full definition.

Alpha (vs YCharts Benchmark) (5Y) Range, Past 5 Years

--
Minimum
--
Maximum
--
Average
--
Median

Alpha (vs YCharts Benchmark) (5Y) Benchmarks

SPDR® Nuveen Blmbg Muni Bd ETF Upgrade
Rareview Tax Advantaged Income ETF --
VanEck HIP Sustainable Muni ETF --
AB Tax-Aware Long Municipal ETF --
Mfs Investment Grade Municipal Trust Upgrade

Alpha (vs YCharts Benchmark) (5Y) Related Metrics

Beta (5Y) Upgrade
Beta (vs YCharts Benchmark) (5Y) Upgrade
Annualized Standard Deviation of Monthly Returns (5Y Lookback) Upgrade
Max Drawdown (5Y) Upgrade
Monthly Value at Risk (VaR) 5% (5Y Lookback) Upgrade