OVLvsUMARETF Comparison
VS
Overlay Shares Large Cap Equity ETF (OVL) and Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. Both OVL and UMAR have the same Total Expense Ratio (TER) of 0.79%. OVL is up 6.77% year-to-date (YTD) with +$24M in YTD flows. UMAR performs worse with 3.55% YTD performance, and +$86M in YTD flows. Run a side-by-side ETF comparison of OVL and UMAR 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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OVL vs UMAR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVL UMAR | +9.72%+4.18% | +4.67%+2.75% | +6.77%+3.55% | +37.63%+17.32% | +86.71%+43.08% | +83.64%+43.37% |
| Flows | OVL UMAR | +$32M+$73M | +$25M+$90M | +$24M+$86M | -$14M+$57M | -$8M+$92M | +$13M+$130M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL UMAR | +17.22%+6.75% | +14.33%+5.28% | +17.14%+6.76% | +18.95%+6.92% |
| Max drawdown | OVL UMAR | -8.71%-3.74% | -8.71%-3.74% | -21.55%-7.40% | -28.68%-8.87% |
| Max drawdown duration | OVL UMAR | 47d40d | 47d40d | 133d73d | 745d483d |
Trading data
OVL | UMAR | |
Last sale 4/27/2026 at 1:30 PM | $55.47 | $41.35 |
| Previous close 04/24/2026 | $55.40 | $41.39 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
OVL | UMAR | |
|---|---|---|
| Last price | $55.47 | $41.35 |
| 1D performance | +0.13% | -0.10% |
| AuM | $212.99 M | $209.95 M |
| E/R | 0.79% | 0.79% |
Characteristics
OVL | UMAR | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | Innovator |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | March 2, 2020 |
| ESG | No | No |
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Exposure
Countries
OVL
USA
96.79%
Other
3.21%
UMAR
USA
91.26%
Other
8.74%
Sectors
OVL
Information Techn.
33.91%
Financials
10.25%
Communication Ser.
10.23%
Consumer Discreti.
10.02%
Health Care
9.32%
Industrials
8.33%
Other
17.93%
UMAR
Information Techn.
31.98%
Financials
9.67%
Communication Ser.
9.65%
Consumer Discreti.
9.44%
Health Care
8.79%
Industrials
7.85%
Other
22.62%
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Diversification
OVL
Total weight of top 15 holdings out of 15
42.43%
UMAR
Total weight of top 15 holdings out of 15
40%
Top 15 holdings
Data as of March 31, 2026
OVL
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.92%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.34%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
UMAR
NVIDIA
7.15%
APPLE
6.28%
MICROSOFT-T
4.63%
AMAZON.COM INC
3.43%
ALPHABET INC-CL
2.82%
BROADCOM LIMITED
2.47%
ALPHABET INC-CL
2.26%
META PLATFORMS
2.11%
TESLA
1.76%
BERKSHIRE HATHWAY
1.48%
JPMORGAN CHASE
1.26%
LILLY
1.23%
EXXON
1.20%
JOHNSON&JOHNSON
0.99%
WALMART INC
0.92%
Frequently asked questions about OVL and UMAR
How have the OVL and UMAR ETFs performed in 2026?
As of April 24, 2026, OVL is up 6.77% year-to-date (YTD), while UMAR has returned 3.55%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or UMAR?
Year-to-date, the OVL ETF saw +$24M in flows, compared to +$86M for UMAR.
Which ETF is more volatile: OVL or UMAR?
Over the past year, OVL had a volatility of 14.33%, while UMAR experienced 5.28%.
Which ETF is bigger: OVL or UMAR?
As of April 24, 2026, OVL holds $212.99 M in assets under management (AUM), while UMAR manages $209.95 M.
What sectors do the OVL and UMAR ETFs invest in?
OVL leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, UMAR focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the OVL ETF and UMAR ETF?
OVL top holdings include NVIDIA, APPLE and MICROSOFT-T. UMAR holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVL or UMAR?
OVL holds 503 securities with 42.43% of its assets in the top 15. UMAR has 503 securities and a top 15 weight of 40%.
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