UMARvsOVLETF Comparison
VS
Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) and Overlay Shares Large Cap Equity ETF (OVL) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. Both UMAR and OVL have the same Total Expense Ratio (TER) of 0.79%. UMAR is up 5.96% year-to-date (YTD) with +$64M in YTD flows. OVL performs better with 10.7% YTD performance, and +$157M in YTD flows. Run a side-by-side ETF comparison of UMAR and OVL 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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UMAR vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UMAR OVL | +0.44%-0.29% | +2.49%+3.99% | +5.96%+10.70% | +10.84%+20.10% | +39.30%+74.32% | +44.78%+78.89% |
| Flows | UMAR OVL | -$11M+$47M | -$22M+$132M | +$64M+$157M | -$24M+$155M | +$82M+$124M | +$107M+$112M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UMAR OVL | +4.87%+14.31% | +5.03%+14.63% | +6.75%+17.18% | +6.96%+18.99% |
| Max drawdown | UMAR OVL | -1.58%-5.22% | -3.74%-8.71% | -7.40%-21.55% | -8.87%-28.68% |
| Max drawdown duration | UMAR OVL | 27d56d | 40d47d | 73d133d | 483d745d |
Trading data
UMAR | OVL | |
Last sale 7/29/2026 at 1:30 PM | $42.11 | $54.34 |
| Previous close 07/28/2026 | $42.27 | $55.90 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
UMAR | OVL | |
|---|---|---|
| Last price | $42.11 | $54.34 |
| 1D performance | -0.39% | -2.79% |
| AuM | $192.62 M | $347.08 M |
| E/R | 0.79% | 0.79% |
Characteristics
UMAR | OVL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 496 | 496 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 2, 2020 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
UMAR
USA
98.39%
Other
1.61%
OVL
USA
96.33%
Other
3.67%
Sectors
UMAR
Technology
46.3%
Finance
13.13%
Consumer Non-Cycl.
8.87%
Healthcare
8.77%
Industrials
8.04%
Other
14.89%
OVL
Technology
45.33%
Finance
12.86%
Consumer Non-Cycl.
8.68%
Healthcare
8.58%
Industrials
7.87%
Other
16.68%
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Diversification
UMAR
Total weight of top 15 holdings out of 15
43.5%
OVL
Total weight of top 15 holdings out of 15
42.59%
Top 15 holdings
Data as of June 30, 2026
UMAR
NVIDIA Corp.
7.59%
Apple, Inc.
6.66%
Microsoft Corp.
4.34%
Amazon.com, Inc.
3.66%
Alphabet, Inc.
3.28%
Broadcom Inc.
2.80%
Alphabet, Inc.
2.62%
Micron Technology, Inc.
2.04%
Meta Platforms, Inc.
1.94%
Tesla, Inc.
1.86%
Eli Lilly & Co.
1.49%
Advanced Micro Devices, Inc.
1.48%
Berkshire Hathaway, Inc.
1.44%
JPMorgan Chase & Co.
1.27%
Intel Corp.
1.03%
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%
Frequently asked questions about UMAR and OVL
How have the UMAR and OVL ETFs performed in 2026?
As of July 28, 2026, UMAR is up 5.96% year-to-date (YTD), while OVL has returned 10.7%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: UMAR or OVL?
Year-to-date, the UMAR ETF saw +$64M in flows, compared to +$157M for OVL.
Which ETF is more volatile: UMAR or OVL?
Over the past year, UMAR had a volatility of 5.03%, while OVL experienced 14.63%.
Which ETF is bigger: UMAR or OVL?
As of July 28, 2026, UMAR holds $192.62 M in assets under management (AUM), while OVL manages $347.08 M.
What sectors do the UMAR and OVL ETFs invest in?
UMAR leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, OVL focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the UMAR ETF and OVL ETF?
UMAR top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. OVL holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: UMAR or OVL?
UMAR holds 503 securities with 43.5% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 42.59%.
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