ZAPRvsOVLETF Comparison
ETF 1
ZAPR
Innovator Equity Defined Protection ETF - 1 Yr April
This fund is part of
Options Strategies
+0%
VS
Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) 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: Information Technology, Communication Services and Consumer Discretionary. Both ZAPR and OVL have the same Total Expense Ratio (TER) of 0.79%. ZAPR is up 3.19% year-to-date (YTD) with +$25M in YTD flows. OVL performs better with 11.93% YTD performance, and +$92M in YTD flows. Run a side-by-side ETF comparison of ZAPR 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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ZAPR vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ZAPR OVL | +0.19%+1.11% | +2.30%+13.95% | +3.19%+11.93% | +6.95%+31.18% | n/a+83.08% | n/a+92.39% |
| Flows | ZAPR OVL | -$14M+$33M | +$26M+$100M | +$25M+$92M | +$21M+$33M | -+$54M | -+$47M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ZAPR OVL | +2.04%+16.89% | +1.54%+14.38% | n/a+17.16% | n/a+19.00% |
| Max drawdown | ZAPR OVL | -0.49%-5.22% | -0.49%-8.71% | n/a-21.55% | n/a-28.68% |
| Max drawdown duration | ZAPR OVL | 16d16d | 16d47d | n/a133d | n/a745d |
Trading data
ZAPR | OVL | |
Last sale 6/18/2026 at 1:30 PM | $26.60 | $57.08 |
| Previous close 06/18/2026 | $26.59 | $56.41 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
ZAPR | OVL | |
|---|---|---|
| Last price | $26.60 | $57.08 |
| 1D performance | +0.06% | +1.19% |
| AuM | $64.52 M | $287.33 M |
| E/R | 0.79% | 0.79% |
Characteristics
ZAPR | OVL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | Overlay Shares |
| Benchmark | - | - |
| N° of holdings | 478 | 478 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 1, 2025 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
ZAPR
USA
103.24%
Other
-3.24%
OVL
USA
96.64%
Other
3.36%
Sectors
ZAPR
Information Techn.
38.04%
Communication Ser.
11.71%
Consumer Discreti.
10.78%
Financials
10.39%
Health Care
8.93%
Industrials
8.62%
Other
11.53%
OVL
Information Techn.
35.61%
Communication Ser.
10.96%
Consumer Discreti.
10.09%
Financials
9.73%
Health Care
8.36%
Industrials
8.07%
Other
17.18%
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Diversification
ZAPR
Total weight of top 15 holdings out of 15
46.73%
OVL
Total weight of top 15 holdings out of 15
43.74%
Top 15 holdings
Data as of April 30, 2026
ZAPR
NVIDIA
8.37%
APPLE
6.88%
MICROSOFT-T
5.23%
AMAZON.COM INC
4.47%
ALPHABET INC-CL
3.87%
BROADCOM LIMITED
3.42%
ALPHABET INC-CL
3.08%
META PLATFORMS
2.31%
TESLA
1.85%
BERKSHIRE HATHWAY
1.50%
JPMORGAN CHASE
1.36%
LILLY
1.28%
EXXON
1.11%
MICRON TECHNOLOGY
1.00%
WALMART INC
1.00%
OVL
NVIDIA
7.84%
APPLE
6.44%
MICROSOFT-T
4.89%
AMAZON.COM INC
4.18%
ALPHABET INC-CL
3.62%
BROADCOM LIMITED
3.20%
ALPHABET INC-CL
2.89%
META PLATFORMS
2.16%
TESLA
1.73%
BERKSHIRE HATHWAY
1.40%
JPMORGAN CHASE
1.27%
LILLY
1.20%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.93%
Frequently asked questions about ZAPR and OVL
How have the ZAPR and OVL ETFs performed in 2026?
As of June 18, 2026, ZAPR is up 3.19% year-to-date (YTD), while OVL has returned 11.93%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: ZAPR or OVL?
Year-to-date, the ZAPR ETF saw +$25M in flows, compared to +$92M for OVL.
Which ETF is more volatile: ZAPR or OVL?
Over the past year, ZAPR had a volatility of 1.54%, while OVL experienced 14.38%.
Which ETF is bigger: ZAPR or OVL?
As of June 18, 2026, ZAPR holds $64.52 M in assets under management (AUM), while OVL manages $287.33 M.
What sectors do the ZAPR and OVL ETFs invest in?
ZAPR leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, OVL focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the ZAPR ETF and OVL ETF?
ZAPR top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: ZAPR or OVL?
ZAPR holds 503 securities with 46.73% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 43.74%.
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