AAPRvsOVLETF Comparison
ETF 1
AAPR
Innovator Equity Defined Protection ETF - 2 Yr to April 2028
This fund is part of
Options Strategies
-0.63%
VS
Innovator Equity Defined Protection ETF - 2 Yr to April 2028 (AAPR) and Overlay Shares Large Cap Equity ETF (OVL) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. Both AAPR and OVL have the same Total Expense Ratio (TER) of 0.79%. AAPR is up 4.17% year-to-date (YTD) with +$13M in YTD flows. OVL performs better with 11.23% YTD performance, and +$140M in YTD flows. Run a side-by-side ETF comparison of AAPR and OVL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AAPR vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AAPR OVL | +0.75%+0.52% | +0.86%+4.83% | +4.17%+11.23% | +8.08%+22.65% | n/a+77.63% | n/a+86.67% |
| Flows | AAPR OVL | -+$54M | +$20M+$125M | +$13M+$140M | +$8M+$136M | -+$105M | -+$95M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AAPR OVL | +3.15%+14.29% | +2.52%+14.55% | n/a+17.15% | n/a+19.00% |
| Max drawdown | AAPR OVL | -0.90%-5.22% | -0.90%-8.71% | n/a-21.55% | n/a-28.68% |
| Max drawdown duration | AAPR OVL | 29d45d | 29d47d | n/a133d | n/a745d |
Trading data
AAPR | OVL | |
Last sale 7/17/2026 at 1:30 PM | $29.51 | $56.22 |
| Previous close 07/16/2026 | $29.56 | $56.97 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
AAPR | OVL | |
|---|---|---|
| Last price | $29.51 | $56.22 |
| 1D performance | -0.17% | -1.32% |
| AuM | $72.53 M | $330.79 M |
| E/R | 0.79% | 0.79% |
Characteristics
AAPR | OVL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 500 | 500 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 1, 2024 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
AAPR
USA
106.68%
Other
-6.68%
OVL
USA
97.35%
Other
2.65%
Sectors
AAPR
Technology
51.22%
Finance
13.64%
Consumer Non-Cycl.
10.05%
Healthcare
8.87%
Industrials
8.3%
Other
7.92%
OVL
Technology
46.74%
Finance
12.45%
Consumer Non-Cycl.
9.17%
Healthcare
8.09%
Industrials
7.57%
Other
15.97%
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Diversification
AAPR
Total weight of top 15 holdings out of 15
49.5%
OVL
Total weight of top 15 holdings out of 15
45.18%
Top 15 holdings
Data as of May 31, 2026
AAPR
NVIDIA Corp.
8.63%
Apple, Inc.
7.70%
Microsoft Corp.
5.62%
Amazon.com, Inc.
4.45%
Alphabet, Inc.
3.72%
Broadcom Inc.
3.56%
Alphabet, Inc.
2.96%
Meta Platforms, Inc.
2.33%
Tesla, Inc.
2.06%
Micron Technology, Inc.
1.84%
Eli Lilly & Co.
1.47%
Berkshire Hathaway, Inc.
1.46%
Advanced Micro Devices, Inc.
1.41%
JPMorgan Chase & Co.
1.27%
Exxon Mobil Corp.
1.02%
OVL
NVIDIA Corp.
7.87%
Apple, Inc.
7.03%
Microsoft Corp.
5.13%
Amazon.com, Inc.
4.06%
Alphabet, Inc.
3.40%
Broadcom Inc.
3.25%
Alphabet, Inc.
2.70%
Meta Platforms, Inc.
2.12%
Tesla, Inc.
1.88%
Micron Technology, Inc.
1.68%
Eli Lilly & Co.
1.34%
Berkshire Hathaway, Inc.
1.34%
Advanced Micro Devices, Inc.
1.29%
JPMorgan Chase & Co.
1.16%
Exxon Mobil Corp.
0.93%
Frequently asked questions about AAPR and OVL
How have the AAPR and OVL ETFs performed in 2026?
As of July 17, 2026, AAPR is up 4.17% year-to-date (YTD), while OVL has returned 11.23%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: AAPR or OVL?
Year-to-date, the AAPR ETF saw +$13M in flows, compared to +$140M for OVL.
Which ETF is more volatile: AAPR or OVL?
Over the past year, AAPR had a volatility of 2.52%, while OVL experienced 14.55%.
Which ETF is bigger: AAPR or OVL?
As of July 17, 2026, AAPR holds $72.53 M in assets under management (AUM), while OVL manages $330.79 M.
What sectors do the AAPR and OVL ETFs invest in?
AAPR leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, OVL focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the AAPR ETF and OVL ETF?
AAPR top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. OVL holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: AAPR or OVL?
AAPR holds 503 securities with 49.5% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 45.18%.
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