UMARvsOVLHETF Comparison
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Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) and Overlay Shares Hedged Large Cap Equity ETF (OVLH) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. UMAR is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.85% for OVLH. UMAR is up 5.13% year-to-date (YTD) with +$75M in YTD flows. OVLH performs better with 5.79% YTD performance, and +$7M in YTD flows. Run a side-by-side ETF comparison of UMAR and OVLH 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 OVLH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UMAR OVLH | +0.40%-0.13% | +5.38%+7.67% | +5.13%+5.79% | +13.23%+15.57% | +41.53%+55.18% | +44.52%+54.72% |
| Flows | UMAR OVLH | -$11M+$6M | +$62M+$9M | +$75M+$7M | -$12M+$32M | +$92M-$9M | +$115M+$74M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UMAR OVLH | +6.86%+10.05% | +5.00%+8.31% | +6.71%+9.47% | +6.93%+11.30% |
| Max drawdown | UMAR OVLH | -2.80%-3.41% | -3.74%-6.25% | -7.40%-9.59% | -8.87%-20.03% |
| Max drawdown duration | UMAR OVLH | 21d10d | 40d78d | 73d134d | 483d771d |
Trading data
UMAR | OVLH | |
Last sale 6/12/2026 at 1:30 PM | $41.99 | $41.65 |
| Previous close 06/11/2026 | $41.86 | $41.49 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
UMAR | OVLH | |
|---|---|---|
| Last price | $41.99 | $41.65 |
| 1D performance | +0.30% | +0.39% |
| AuM | $202.66 M | $115.63 M |
| E/R | 0.79% | 0.85% |
Characteristics
UMAR | OVLH | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 2, 2020 | January 15, 2021 |
| ESG | No | No |
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Exposure
Countries
UMAR
USA
97.29%
Other
2.71%
OVLH
USA
94.91%
Other
5.09%
Sectors
UMAR
Information Techn.
35.85%
Communication Ser.
11.03%
Consumer Discreti.
10.16%
Financials
9.8%
Health Care
8.41%
Industrials
8.12%
Other
16.63%
OVLH
Information Techn.
34.97%
Communication Ser.
10.76%
Consumer Discreti.
9.91%
Financials
9.56%
Health Care
8.21%
Industrials
7.92%
Other
18.66%
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Diversification
UMAR
Total weight of top 15 holdings out of 15
44.03%
OVLH
Total weight of top 15 holdings out of 15
42.96%
Top 15 holdings
Data as of April 30, 2026
UMAR
NVIDIA
7.89%
APPLE
6.48%
MICROSOFT-T
4.93%
AMAZON.COM INC
4.21%
ALPHABET INC-CL
3.64%
BROADCOM LIMITED
3.22%
ALPHABET INC-CL
2.91%
META PLATFORMS
2.18%
TESLA
1.75%
BERKSHIRE HATHWAY
1.41%
JPMORGAN CHASE
1.28%
LILLY
1.20%
EXXON
1.05%
MICRON TECHNOLOGY
0.95%
WALMART INC
0.94%
OVLH
NVIDIA
7.70%
APPLE
6.32%
MICROSOFT-T
4.80%
AMAZON.COM INC
4.11%
ALPHABET INC-CL
3.55%
BROADCOM LIMITED
3.14%
ALPHABET INC-CL
2.83%
META PLATFORMS
2.12%
TESLA
1.70%
BERKSHIRE HATHWAY
1.38%
JPMORGAN CHASE
1.25%
LILLY
1.18%
EXXON
1.02%
MICRON TECHNOLOGY
0.92%
WALMART INC
0.92%
Frequently asked questions about UMAR and OVLH
How have the UMAR and OVLH ETFs performed in 2026?
As of June 12, 2026, UMAR is up 5.13% year-to-date (YTD), while OVLH has returned 5.79%. That puts OVLH better performer ahead so far this year.
Which ETF is attracting more investor money: UMAR or OVLH?
Year-to-date, the UMAR ETF saw +$75M in flows, compared to +$7M for OVLH.
Which ETF is more volatile: UMAR or OVLH?
Over the past year, UMAR had a volatility of 5%, while OVLH experienced 8.31%.
Which ETF is bigger: UMAR or OVLH?
As of June 12, 2026, UMAR holds $202.66 M in assets under management (AUM), while OVLH manages $115.63 M.
What sectors do the UMAR and OVLH ETFs invest in?
UMAR leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, OVLH focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the UMAR ETF and OVLH ETF?
UMAR top holdings include NVIDIA, APPLE and MICROSOFT-T. OVLH holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: UMAR or OVLH?
UMAR holds 503 securities with 44.03% of its assets in the top 15. OVLH has 503 securities and a top 15 weight of 42.96%.
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