OVM vs VCRM
Overlay Shares Municipal Bond ETF compared with Vanguard Core Tax-Exempt Bond E on yield, payout growth, payment schedule, cost and risk.
OVM
Overlay Shares Municipal Bond ETF
TTM yield · Monthly
VCRM
Vanguard Core Tax-Exempt Bond E
TTM yield · Monthly
Quick take
- OVM yields more today: 5.38% vs 3.85% (forward).
- Both pay every month.
- Over the last year OVM delivered the higher total return: +1.1% vs +1.0% (price change plus payouts).
- VCRM is cheaper to own: 0.12% vs 0.81% expense ratio.
- VCRM has the steadier distribution: consistency 96/100 vs 40/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | OVM | VCRM |
|---|---|---|
| Share price | $20.73 | $73.15 |
| TTM yield | 5.39% | 3.85% |
| Forward yield | 5.38% | 3.85% |
| Annual payout per share | $1.1147 | $2.817 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 29, 2026 (est.) | Oct 31, 2026 (est.) |
| Expense ratio | 0.81% | 0.12% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 40/100 | 96/100 |
| 1-year total return | +1.1% | +1.0% |
| 1-year price return | -4.1% | -2.8% |
| Size (market cap / AUM) | 42.8M | 2.2B |
| Years paying | 6.8 | 1.8 |
| Sector / category | Muni National Long | Muni National Long |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| OVM | VCRM | |
|---|---|---|
| Shares | 482.5 | 136.7 |
| Income per year | $538 | $385 |
| Income per month (avg) | $45 | $32 |
At forward yields, before taxes. Model OVM · Model VCRM
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| OVM Oct 29, 2026 | Nov 12, 2026 | $0.0929 | Est. |
| OVM Nov 28, 2026 | Dec 12, 2026 | $0.0929 | Est. |
| OVM Dec 28, 2026 | Jan 11, 2027 | $0.0929 | Est. |
| VCRM Oct 31, 2026 | Nov 14, 2026 | $0.2348 | Est. |
| VCRM Nov 30, 2026 | Dec 14, 2026 | $0.2347 | Est. |
| VCRM Dec 30, 2026 | Jan 13, 2027 | $0.2347 | Est. |
Annual payouts per share
OVMVCRM
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, OVM or VCRM?
OVM currently has the higher trailing yield: OVM yields 5.39% and VCRM yields 3.85%. Yield changes daily with price, so check the live figures above.
How often do OVM and VCRM pay?
OVM pays every month and VCRM pays every month. OVM's next ex-date is Oct 29, 2026 and VCRM's is Oct 31, 2026.
Is OVM or VCRM better for income?
It depends on what you are optimising for. OVM and VCRM differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.