OVLHvsUMARETF Comparison
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Overlay Shares Hedged Large Cap Equity ETF (OVLH) 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. OVLH is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.79% for UMAR. OVLH is up 3.08% year-to-date (YTD) with -$4M in YTD flows. UMAR performs better with 3.55% YTD performance, and +$86M in YTD flows. Run a side-by-side ETF comparison of OVLH 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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OVLH 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. | OVLH UMAR | +6.52%+4.18% | +1.96%+2.75% | +3.08%+3.55% | +20.18%+17.32% | +57.30%+43.08% | +53.03%+43.37% |
| Flows | OVLH UMAR | -$2M+$73M | -$4M+$90M | -$4M+$86M | +$34M+$57M | -$19M+$92M | +$66M+$130M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OVLH UMAR | +9.49%+6.75% | +8.19%+5.28% | +9.67%+6.76% | +11.30%+6.92% |
| Max drawdown | OVLH UMAR | -6.25%-3.74% | -6.25%-3.74% | -9.59%-7.40% | -20.03%-8.87% |
| Max drawdown duration | OVLH UMAR | 78d40d | 78d40d | 134d73d | 771d483d |
Trading data
OVLH | UMAR | |
Last sale 4/24/2026 at 1:30 PM | $40.53 | $41.39 |
| Previous close 04/23/2026 | $40.26 | $41.21 |
| Consolidated volume 04/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/24/2026 at 1:30 PM
Live
Closed
OVLH | UMAR | |
|---|---|---|
| Last price | $40.53 | $41.39 |
| 1D performance | +0.67% | +0.44% |
| AuM | $102.54 M | $209.95 M |
| E/R | 0.85% | 0.79% |
Characteristics
OVLH | 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 | January 15, 2021 | March 2, 2020 |
| ESG | No | No |
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Exposure
Countries
OVLH
USA
91.66%
Other
8.34%
UMAR
USA
91.26%
Other
8.74%
Sectors
OVLH
Information Techn.
32.12%
Financials
9.71%
Communication Ser.
9.69%
Consumer Discreti.
9.49%
Health Care
8.83%
Industrials
7.88%
Other
22.28%
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%
Diversification
OVLH
Total weight of top 15 holdings out of 15
40.18%
UMAR
Total weight of top 15 holdings out of 15
40%
Top 15 holdings
Data as of March 31, 2026
OVLH
NVIDIA
7.18%
APPLE
6.31%
MICROSOFT-T
4.65%
AMAZON.COM INC
3.45%
ALPHABET INC-CL
2.84%
BROADCOM LIMITED
2.49%
ALPHABET INC-CL
2.27%
META PLATFORMS
2.12%
TESLA
1.77%
BERKSHIRE HATHWAY
1.49%
JPMORGAN CHASE
1.27%
LILLY
1.23%
EXXON
1.20%
JOHNSON&JOHNSON
1.00%
WALMART INC
0.92%
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 OVLH and UMAR
How have the OVLH and UMAR ETFs performed in 2026?
As of April 24, 2026, OVLH is up 3.08% year-to-date (YTD), while UMAR has returned 3.55%. That puts UMAR better performer ahead so far this year.
Which ETF is attracting more investor money: OVLH or UMAR?
Year-to-date, the OVLH ETF saw -$4M in flows, compared to +$86M for UMAR.
Which ETF is more volatile: OVLH or UMAR?
Over the past year, OVLH had a volatility of 8.19%, while UMAR experienced 5.28%.
Which ETF is bigger: OVLH or UMAR?
As of April 24, 2026, OVLH holds $102.54 M in assets under management (AUM), while UMAR manages $209.95 M.
What sectors do the OVLH and UMAR ETFs invest in?
OVLH 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 OVLH ETF and UMAR ETF?
OVLH top holdings include NVIDIA, APPLE and MICROSOFT-T. UMAR holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: OVLH or UMAR?
OVLH holds 503 securities with 40.18% of its assets in the top 15. UMAR has 503 securities and a top 15 weight of 40%.
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