OVLvsUMAYETF Comparison
VS
Overlay Shares Large Cap Equity ETF (OVL) and Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. Both OVL and UMAY have the same Total Expense Ratio (TER) of 0.79%. OVL is up 10.7% year-to-date (YTD) with +$157M in YTD flows. UMAY performs worse with 3.93% YTD performance, and +$78M in YTD flows. Run a side-by-side ETF comparison of OVL and UMAY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
OVL vs UMAY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVL UMAY | -0.29%+0.29% | +3.99%+1.81% | +10.70%+3.93% | +20.10%+7.56% | +74.32%+34.24% | +78.89%+35.05% |
| Flows | OVL UMAY | +$47M-$5M | +$132M+$80M | +$157M+$78M | +$155M+$73M | +$124M+$38M | +$112M+$71M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL UMAY | +14.31%+5.84% | +14.63%+3.91% | +17.18%+7.93% | +18.99%+8.76% |
| Max drawdown | OVL UMAY | -5.22%-1.84% | -8.71%-1.84% | -21.55%-10.44% | -28.68%-12.43% |
| Max drawdown duration | OVL UMAY | 56d30d | 47d30d | 133d86d | 745d622d |
Trading data
OVL | UMAY | |
Last sale 7/29/2026 at 1:30 PM | $54.34 | $37.72 |
| Previous close 07/28/2026 | $55.90 | $37.98 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
OVL | UMAY | |
|---|---|---|
| Last price | $54.34 | $37.72 |
| 1D performance | -2.79% | -0.69% |
| AuM | $347.08 M | $138.64 M |
| E/R | 0.79% | 0.79% |
Characteristics
OVL | UMAY | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Overlay Shares | Innovator |
| Benchmark | - | - |
| N° of holdings | 496 | 496 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2019 | May 1, 2020 |
| ESG | No | No |
Advertisement
Exposure
Countries
OVL
USA
96.33%
Other
3.67%
UMAY
USA
96.48%
Other
3.52%
Sectors
OVL
Technology
45.33%
Finance
12.86%
Consumer Non-Cycl.
8.68%
Healthcare
8.58%
Industrials
7.87%
Other
16.68%
UMAY
Technology
45.4%
Finance
12.88%
Consumer Non-Cycl.
8.7%
Healthcare
8.6%
Industrials
7.88%
Other
16.55%
Advertisement
Diversification
OVL
Total weight of top 15 holdings out of 15
42.59%
UMAY
Total weight of top 15 holdings out of 15
42.65%
Top 15 holdings
Data as of June 30, 2026
OVL
NVIDIA Corp.
7.43%
Apple, Inc.
6.52%
Microsoft Corp.
4.25%
Amazon.com, Inc.
3.58%
Alphabet, Inc.
3.21%
Broadcom Inc.
2.74%
Alphabet, Inc.
2.56%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.90%
Tesla, Inc.
1.82%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.45%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.24%
Intel Corp.
1.01%
UMAY
NVIDIA Corp.
7.45%
Apple, Inc.
6.53%
Microsoft Corp.
4.26%
Amazon.com, Inc.
3.59%
Alphabet, Inc.
3.22%
Broadcom Inc.
2.75%
Alphabet, Inc.
2.57%
Micron Technology, Inc.
2.00%
Meta Platforms, Inc.
1.90%
Tesla, Inc.
1.82%
Eli Lilly & Co.
1.46%
Advanced Micro Devices, Inc.
1.46%
Berkshire Hathaway, Inc.
1.41%
JPMorgan Chase & Co.
1.24%
Intel Corp.
1.01%
Frequently asked questions about OVL and UMAY
How have the OVL and UMAY ETFs performed in 2026?
As of July 28, 2026, OVL is up 10.7% year-to-date (YTD), while UMAY has returned 3.93%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or UMAY?
Year-to-date, the OVL ETF saw +$157M in flows, compared to +$78M for UMAY.
Which ETF is more volatile: OVL or UMAY?
Over the past year, OVL had a volatility of 14.63%, while UMAY experienced 3.91%.
Which ETF is bigger: OVL or UMAY?
As of July 28, 2026, OVL holds $347.08 M in assets under management (AUM), while UMAY manages $138.64 M.
What sectors do the OVL and UMAY ETFs invest in?
OVL leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, UMAY focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the OVL ETF and UMAY ETF?
OVL top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. UMAY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: OVL or UMAY?
OVL holds 503 securities with 42.59% of its assets in the top 15. UMAY has 503 securities and a top 15 weight of 42.65%.
Advertisement
Advertisement
