OVLvsZMARETF Comparison
VS
ETF 2
ZMAR
Innovator Equity Defined Protection (1Y March) ETF
This fund is part of
Options Strategies
+0.26%
Overlay Shares Large Cap Equity ETF (OVL) and Innovator Equity Defined Protection (1Y March) ETF (ZMAR) 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 ZMAR have the same Total Expense Ratio (TER) of 0.79%. OVL is up 6.77% year-to-date (YTD) with +$24M in YTD flows. ZMAR performs worse with 1.87% YTD performance, and +$39M in YTD flows. Run a side-by-side ETF comparison of OVL and ZMAR 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 ZMAR 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 ZMAR | +9.72%+1.96% | +4.67%+1.39% | +6.77%+1.87% | +37.63%+8.97% | +86.71%n/a | +83.64%n/a |
| Flows | OVL ZMAR | +$32M+$32M | +$25M+$44M | +$24M+$39M | -$14M+$18M | -$8M- | +$13M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVL ZMAR | +17.22%+2.76% | +14.33%+2.24% | +17.14%n/a | +18.95%n/a |
| Max drawdown | OVL ZMAR | -8.71%-1.24% | -8.71%-1.24% | -21.55%n/a | -28.68%n/a |
| Max drawdown duration | OVL ZMAR | 47d38d | 47d38d | 133dn/a | 745dn/a |
Trading data
OVL | ZMAR | |
Last sale 4/27/2026 at 1:30 PM | $55.49 | $27.97 |
| Previous close 04/24/2026 | $55.40 | $27.99 |
| 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 | ZMAR | |
|---|---|---|
| Last price | $55.49 | $27.97 |
| 1D performance | +0.16% | -0.05% |
| AuM | $212.99 M | $132.33 M |
| E/R | 0.79% | 0.79% |
Characteristics
OVL | ZMAR | |
|---|---|---|
| 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 3, 2025 |
| ESG | No | No |
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Exposure
Countries
OVL
USA
96.79%
Other
3.21%
ZMAR
USA
88.95%
Other
11.05%
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%
ZMAR
Information Techn.
31.17%
Financials
9.42%
Communication Ser.
9.41%
Consumer Discreti.
9.21%
Health Care
8.57%
Industrials
7.65%
Other
24.57%
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Diversification
OVL
Total weight of top 15 holdings out of 15
42.43%
ZMAR
Total weight of top 15 holdings out of 15
38.99%
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%
ZMAR
NVIDIA
6.97%
APPLE
6.12%
MICROSOFT-T
4.52%
AMAZON.COM INC
3.34%
ALPHABET INC-CL
2.75%
BROADCOM LIMITED
2.41%
ALPHABET INC-CL
2.20%
META PLATFORMS
2.06%
TESLA
1.72%
BERKSHIRE HATHWAY
1.44%
JPMORGAN CHASE
1.23%
LILLY
1.20%
EXXON
1.17%
JOHNSON&JOHNSON
0.97%
WALMART INC
0.90%
Frequently asked questions about OVL and ZMAR
How have the OVL and ZMAR ETFs performed in 2026?
As of April 24, 2026, OVL is up 6.77% year-to-date (YTD), while ZMAR has returned 1.87%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: OVL or ZMAR?
Year-to-date, the OVL ETF saw +$24M in flows, compared to +$39M for ZMAR.
Which ETF is more volatile: OVL or ZMAR?
Over the past year, OVL had a volatility of 14.33%, while ZMAR experienced 2.24%.
Which ETF is bigger: OVL or ZMAR?
As of April 24, 2026, OVL holds $212.99 M in assets under management (AUM), while ZMAR manages $132.33 M.
What sectors do the OVL and ZMAR ETFs invest in?
OVL leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, ZMAR focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the OVL ETF and ZMAR ETF?
OVL top holdings include NVIDIA, APPLE and MICROSOFT-T. ZMAR holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVL or ZMAR?
OVL holds 503 securities with 42.43% of its assets in the top 15. ZMAR has 503 securities and a top 15 weight of 38.99%.
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