UMAYvsOVLHETF Comparison
VS
Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) 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: Technology, Finance and Consumer Non-Cyclicals. UMAY is less expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.8% for OVLH. UMAY is up 3.9% year-to-date (YTD) with +$78M in YTD flows. OVLH performs better with 5.69% YTD performance, and +$7M in YTD flows. Run a side-by-side ETF comparison of UMAY 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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UMAY vs OVLH 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 OVLH | +0.69%+0.02% | +1.87%+3.06% | +3.90%+5.69% | +8.12%+11.90% | +34.78%+49.64% | +36.35%+54.18% |
| Flows | UMAY OVLH | -$5M+$414K | +$80M+$11M | +$78M+$7M | +$73M+$33M | +$33M-$10M | +$71M+$73M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UMAY OVLH | +5.63%+9.91% | +3.84%+8.63% | +7.92%+9.50% | +8.75%+11.32% |
| Max drawdown | UMAY OVLH | -1.84%-3.52% | -1.84%-6.25% | -10.44%-9.59% | -12.43%-20.03% |
| Max drawdown duration | UMAY OVLH | 30d45d | 30d78d | 86d134d | 622d771d |
Trading data
UMAY | OVLH | |
Last sale 7/20/2026 at 1:30 PM | $38.04 | $41.58 |
| Previous close 07/17/2026 | $38.00 | $41.87 |
| Consolidated volume 07/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/20/2026 at 1:30 PM
Live
Closed
UMAY | OVLH | |
|---|---|---|
| Last price | $38.04 | $41.58 |
| 1D performance | +0.11% | -0.69% |
| AuM | $138.60 M | $115.94 M |
| E/R | 0.79% | 0.8% |
Characteristics
UMAY | OVLH | |
|---|---|---|
| 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 | January 15, 2021 |
| ESG | No | No |
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Exposure
Countries
UMAY
USA
98.82%
Other
1.18%
OVLH
USA
95.23%
Other
4.77%
Sectors
UMAY
Technology
47.45%
Finance
12.64%
Consumer Non-Cycl.
9.31%
Healthcare
8.22%
Industrials
7.69%
Other
14.7%
OVLH
Technology
45.72%
Finance
12.18%
Consumer Non-Cycl.
8.97%
Healthcare
7.92%
Industrials
7.41%
Other
17.8%
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Diversification
UMAY
Total weight of top 15 holdings out of 15
45.86%
OVLH
Total weight of top 15 holdings out of 15
44.19%
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%
OVLH
NVIDIA Corp.
7.70%
Apple, Inc.
6.88%
Microsoft Corp.
5.02%
Amazon.com, Inc.
3.97%
Alphabet, Inc.
3.32%
Broadcom Inc.
3.18%
Alphabet, Inc.
2.64%
Meta Platforms, Inc.
2.08%
Tesla, Inc.
1.84%
Micron Technology, Inc.
1.64%
Eli Lilly & Co.
1.31%
Berkshire Hathaway, Inc.
1.31%
Advanced Micro Devices, Inc.
1.26%
JPMorgan Chase & Co.
1.13%
Exxon Mobil Corp.
0.91%
Frequently asked questions about UMAY and OVLH
How have the UMAY and OVLH ETFs performed in 2026?
As of July 17, 2026, UMAY is up 3.9% year-to-date (YTD), while OVLH has returned 5.69%. That puts OVLH better performer ahead so far this year.
Which ETF is attracting more investor money: UMAY or OVLH?
Year-to-date, the UMAY ETF saw +$78M in flows, compared to +$7M for OVLH.
Which ETF is more volatile: UMAY or OVLH?
Over the past year, UMAY had a volatility of 3.84%, while OVLH experienced 8.63%.
Which ETF is bigger: UMAY or OVLH?
As of July 17, 2026, UMAY holds $138.60 M in assets under management (AUM), while OVLH manages $115.94 M.
What sectors do the UMAY and OVLH ETFs invest in?
UMAY leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, OVLH focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the UMAY ETF and OVLH ETF?
UMAY top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. OVLH holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: UMAY or OVLH?
UMAY holds 503 securities with 45.86% of its assets in the top 15. OVLH has 503 securities and a top 15 weight of 44.19%.
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