XTAPvsOVLETF Comparison
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Innovator U.S. Equity Accelerated Plus ETF (XTAP) 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 XTAP and OVL have the same Total Expense Ratio (TER) of 0.79%. XTAP is up 13.57% year-to-date (YTD) with -$2M in YTD flows. OVL performs better with 15.56% YTD performance, and +$177M in YTD flows. Run a side-by-side ETF comparison of XTAP 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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XTAP vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XTAP OVL | +1.37%+2.43% | +4.11%+6.57% | +13.57%+15.56% | +19.41%+27.53% | +61.27%+84.59% | +67.87%+85.03% |
| Flows | XTAP OVL | -+$55M | -+$140M | -$2M+$177M | -$8M+$174M | +$3M+$143M | +$7M+$131M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XTAP OVL | +5.73%+15.96% | +4.85%+14.89% | +11.09%+17.29% | +14.89%+19.06% |
| Max drawdown | XTAP OVL | -1.79%-5.22% | -1.79%-8.71% | -11.42%-21.55% | -22.36%-28.68% |
| Max drawdown duration | XTAP OVL | 10d62d | 10d47d | 37d133d | 589d745d |
Trading data
XTAP | OVL | |
Last sale 8/5/2026 at 1:30 PM | $46.21 | $57.68 |
| Previous close 08/05/2026 | $46.18 | $57.84 |
| Consolidated volume 08/05/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/5/2026 at 1:30 PM
Live
Closed
XTAP | OVL | |
|---|---|---|
| Last price | $46.21 | $57.68 |
| 1D performance | +0.06% | -0.28% |
| AuM | $23.09 M | $378.18 M |
| E/R | 0.79% | 0.79% |
Characteristics
XTAP | 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 | April 1, 2021 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
XTAP
USA
98.7%
Other
1.3%
OVL
USA
96.33%
Other
3.67%
Sectors
XTAP
Technology
46.44%
Finance
13.17%
Consumer Non-Cycl.
8.9%
Healthcare
8.8%
Industrials
8.06%
Other
14.63%
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
XTAP
Total weight of top 15 holdings out of 15
43.63%
OVL
Total weight of top 15 holdings out of 15
42.59%
Top 15 holdings
Data as of June 30, 2026
XTAP
NVIDIA Corp.
7.62%
Apple, Inc.
6.68%
Microsoft Corp.
4.36%
Amazon.com, Inc.
3.67%
Alphabet, Inc.
3.29%
Broadcom Inc.
2.81%
Alphabet, Inc.
2.62%
Micron Technology, Inc.
2.05%
Meta Platforms, Inc.
1.94%
Tesla, Inc.
1.86%
Eli Lilly & Co.
1.49%
Advanced Micro Devices, Inc.
1.49%
Berkshire Hathaway, Inc.
1.44%
JPMorgan Chase & Co.
1.27%
Intel Corp.
1.04%
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 XTAP and OVL
How have the XTAP and OVL ETFs performed in 2026?
As of August 5, 2026, XTAP is up 13.57% year-to-date (YTD), while OVL has returned 15.56%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: XTAP or OVL?
Year-to-date, the XTAP ETF saw -$2M in flows, compared to +$177M for OVL.
Which ETF is more volatile: XTAP or OVL?
Over the past year, XTAP had a volatility of 4.85%, while OVL experienced 14.89%.
Which ETF is bigger: XTAP or OVL?
As of August 5, 2026, XTAP holds $23.09 M in assets under management (AUM), while OVL manages $378.18 M.
What sectors do the XTAP and OVL ETFs invest in?
XTAP 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 XTAP ETF and OVL ETF?
XTAP 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: XTAP or OVL?
XTAP holds 503 securities with 43.63% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 42.59%.
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