UMAYvsOVLETF Comparison
VS
Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) 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 UMAY and OVL have the same Total Expense Ratio (TER) of 0.79%. UMAY is up 3.9% year-to-date (YTD) with +$78M in YTD flows. OVL performs better with 11.23% YTD performance, and +$140M in YTD flows. Run a side-by-side ETF comparison of UMAY 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
UMAY vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UMAY OVL | +0.69%+0.52% | +1.87%+4.83% | +3.90%+11.23% | +8.12%+22.65% | +34.78%+77.63% | +36.35%+86.67% |
| Flows | UMAY OVL | -$5M+$54M | +$80M+$125M | +$78M+$140M | +$73M+$136M | +$33M+$105M | +$71M+$95M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UMAY OVL | +5.63%+14.29% | +3.84%+14.55% | +7.92%+17.15% | +8.75%+19.00% |
| Max drawdown | UMAY OVL | -1.84%-5.22% | -1.84%-8.71% | -10.44%-21.55% | -12.43%-28.68% |
| Max drawdown duration | UMAY OVL | 30d45d | 30d47d | 86d133d | 622d745d |
Trading data
UMAY | OVL | |
Last sale 7/17/2026 at 1:30 PM | $38.00 | $56.22 |
| Previous close 07/16/2026 | $38.14 | $56.97 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
UMAY | OVL | |
|---|---|---|
| Last price | $38.00 | $56.22 |
| 1D performance | -0.37% | -1.32% |
| AuM | $138.60 M | $330.79 M |
| E/R | 0.79% | 0.79% |
Characteristics
UMAY | OVL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 500 | 500 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 1, 2020 | September 25, 2019 |
| ESG | No | No |
Advertisement
Exposure
Countries
UMAY
USA
98.82%
Other
1.18%
OVL
USA
97.35%
Other
2.65%
Sectors
UMAY
Technology
47.45%
Finance
12.64%
Consumer Non-Cycl.
9.31%
Healthcare
8.22%
Industrials
7.69%
Other
14.7%
OVL
Technology
46.74%
Finance
12.45%
Consumer Non-Cycl.
9.17%
Healthcare
8.09%
Industrials
7.57%
Other
15.97%
Diversification
UMAY
Total weight of top 15 holdings out of 15
45.86%
OVL
Total weight of top 15 holdings out of 15
45.18%
Top 15 holdings
Data as of May 31, 2026
UMAY
NVIDIA Corp.
7.99%
Apple, Inc.
7.14%
Microsoft Corp.
5.21%
Amazon.com, Inc.
4.12%
Alphabet, Inc.
3.45%
Broadcom Inc.
3.30%
Alphabet, Inc.
2.74%
Meta Platforms, Inc.
2.15%
Tesla, Inc.
1.91%
Micron Technology, Inc.
1.70%
Eli Lilly & Co.
1.36%
Berkshire Hathaway, Inc.
1.36%
Advanced Micro Devices, Inc.
1.31%
JPMorgan Chase & Co.
1.17%
Exxon Mobil Corp.
0.95%
OVL
NVIDIA Corp.
7.87%
Apple, Inc.
7.03%
Microsoft Corp.
5.13%
Amazon.com, Inc.
4.06%
Alphabet, Inc.
3.40%
Broadcom Inc.
3.25%
Alphabet, Inc.
2.70%
Meta Platforms, Inc.
2.12%
Tesla, Inc.
1.88%
Micron Technology, Inc.
1.68%
Eli Lilly & Co.
1.34%
Berkshire Hathaway, Inc.
1.34%
Advanced Micro Devices, Inc.
1.29%
JPMorgan Chase & Co.
1.16%
Exxon Mobil Corp.
0.93%
Frequently asked questions about UMAY and OVL
How have the UMAY and OVL ETFs performed in 2026?
As of July 17, 2026, UMAY is up 3.9% year-to-date (YTD), while OVL has returned 11.23%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: UMAY or OVL?
Year-to-date, the UMAY ETF saw +$78M in flows, compared to +$140M for OVL.
Which ETF is more volatile: UMAY or OVL?
Over the past year, UMAY had a volatility of 3.84%, while OVL experienced 14.55%.
Which ETF is bigger: UMAY or OVL?
As of July 17, 2026, UMAY holds $138.60 M in assets under management (AUM), while OVL manages $330.79 M.
What sectors do the UMAY and OVL ETFs invest in?
UMAY 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 UMAY ETF and OVL ETF?
UMAY 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: UMAY or OVL?
UMAY holds 503 securities with 45.86% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 45.18%.
Advertisement
Advertisement
