OVLvsXBAPETF Comparison
VS
ETF 2
XBAP
Innovator U.S. Equity Accelerated 9 Buffer ETF - April
This fund is part of
Options Strategies
+0.69%
Overlay Shares Large Cap Equity ETF (OVL) and Innovator U.S. Equity Accelerated 9 Buffer ETF - April (XBAP) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. Both OVL and XBAP have the same Total Expense Ratio (TER) of 0.79%. OVL is up 11.93% year-to-date (YTD) with +$92M in YTD flows. XBAP performs worse with 8.15% YTD performance, and -$16M in YTD flows. Run a side-by-side ETF comparison of OVL and XBAP 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 XBAP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OVL XBAP | +1.11%+0.72% | +13.95%+6.95% | +11.93%+8.15% | +31.18%+15.42% | +83.08%+45.60% | +92.39%+60.51% |
| Flows | OVL XBAP | +$33M- | +$100M-$5M | +$92M-$16M | +$33M-$140M | +$54M-$202K | +$47M+$38M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL XBAP | +16.89%+5.02% | +14.38%+3.41% | +17.16%+8.01% | +19.00%+10.39% |
| Max drawdown | OVL XBAP | -5.22%-1.31% | -8.71%-1.31% | -21.55%-8.27% | -28.68%-14.74% |
| Max drawdown duration | OVL XBAP | 16d10d | 47d10d | 133d37d | 745d407d |
Trading data
OVL | XBAP | |
Last sale 6/18/2026 at 1:30 PM | $57.08 | $41.75 |
| Previous close 06/18/2026 | $56.41 | $41.64 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
OVL | XBAP | |
|---|---|---|
| Last price | $57.08 | $41.75 |
| 1D performance | +1.19% | +0.27% |
| AuM | $287.33 M | $133.76 M |
| E/R | 0.79% | 0.79% |
Characteristics
OVL | XBAP | |
|---|---|---|
| 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 | April 1, 2021 |
| ESG | No | No |
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Exposure
Countries
OVL
USA
96.64%
Other
3.36%
XBAP
USA
100.17%
Other
-0.17%
Sectors
OVL
Information Techn.
35.61%
Communication Ser.
10.96%
Consumer Discreti.
10.09%
Financials
9.73%
Health Care
8.36%
Industrials
8.07%
Other
17.18%
XBAP
Information Techn.
36.91%
Communication Ser.
11.36%
Consumer Discreti.
10.46%
Financials
10.09%
Health Care
8.66%
Industrials
8.36%
Other
14.16%
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Diversification
OVL
Total weight of top 15 holdings out of 15
43.74%
XBAP
Total weight of top 15 holdings out of 15
45.34%
Top 15 holdings
Data as of April 30, 2026
OVL
NVIDIA
7.84%
APPLE
6.44%
MICROSOFT-T
4.89%
AMAZON.COM INC
4.18%
ALPHABET INC-CL
3.62%
BROADCOM LIMITED
3.20%
ALPHABET INC-CL
2.89%
META PLATFORMS
2.16%
TESLA
1.73%
BERKSHIRE HATHWAY
1.40%
JPMORGAN CHASE
1.27%
LILLY
1.20%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.93%
XBAP
NVIDIA
8.12%
APPLE
6.67%
MICROSOFT-T
5.07%
AMAZON.COM INC
4.34%
ALPHABET INC-CL
3.75%
BROADCOM LIMITED
3.31%
ALPHABET INC-CL
2.99%
META PLATFORMS
2.24%
TESLA
1.80%
BERKSHIRE HATHWAY
1.45%
JPMORGAN CHASE
1.32%
LILLY
1.24%
EXXON
1.08%
MICRON TECHNOLOGY
0.97%
WALMART INC
0.97%
Frequently asked questions about OVL and XBAP
How have the OVL and XBAP ETFs performed in 2026?
As of June 18, 2026, OVL is up 11.93% year-to-date (YTD), while XBAP has returned 8.15%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or XBAP?
Year-to-date, the OVL ETF saw +$92M in flows, compared to -$16M for XBAP.
Which ETF is more volatile: OVL or XBAP?
Over the past year, OVL had a volatility of 14.38%, while XBAP experienced 3.41%.
Which ETF is bigger: OVL or XBAP?
As of June 18, 2026, OVL holds $287.33 M in assets under management (AUM), while XBAP manages $133.76 M.
What sectors do the OVL and XBAP ETFs invest in?
OVL leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, XBAP focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the OVL ETF and XBAP ETF?
OVL top holdings include NVIDIA, APPLE and MICROSOFT-T. XBAP holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVL or XBAP?
OVL holds 503 securities with 43.74% of its assets in the top 15. XBAP has 503 securities and a top 15 weight of 45.34%.
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