ZMARvsOVLETF Comparison
ETF 1
ZMAR
Innovator Equity Defined Protection (1Y March) ETF
This fund is part of
Options Strategies
+0.26%
VS
Innovator Equity Defined Protection (1Y March) ETF (ZMAR) 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, Financials and Communication Services. Both ZMAR and OVL have the same Total Expense Ratio (TER) of 0.79%. ZMAR is up 1.87% year-to-date (YTD) with +$39M in YTD flows. OVL performs better with 6.77% YTD performance, and +$24M in YTD flows. Run a side-by-side ETF comparison of ZMAR 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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ZMAR vs OVL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ZMAR OVL | +1.96%+9.72% | +1.39%+4.67% | +1.87%+6.77% | +8.97%+37.63% | n/a+86.71% | n/a+83.64% |
| Flows | ZMAR OVL | +$32M+$32M | +$44M+$25M | +$39M+$24M | +$18M-$14M | --$8M | -+$13M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ZMAR OVL | +2.76%+17.22% | +2.24%+14.33% | n/a+17.14% | n/a+18.95% |
| Max drawdown | ZMAR OVL | -1.24%-8.71% | -1.24%-8.71% | n/a-21.55% | n/a-28.68% |
| Max drawdown duration | ZMAR OVL | 38d47d | 38d47d | n/a133d | n/a745d |
Trading data
ZMAR | OVL | |
Last sale 4/27/2026 at 1:30 PM | $27.97 | $55.47 |
| Previous close 04/24/2026 | $27.99 | $55.40 |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
ZMAR | OVL | |
|---|---|---|
| Last price | $27.97 | $55.47 |
| 1D performance | -0.05% | +0.13% |
| AuM | $132.33 M | $212.99 M |
| E/R | 0.79% | 0.79% |
Characteristics
ZMAR | 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 | March 3, 2025 | September 25, 2019 |
| ESG | No | No |
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Exposure
Countries
ZMAR
USA
88.95%
Other
11.05%
OVL
USA
96.79%
Other
3.21%
Sectors
ZMAR
Information Techn.
31.17%
Financials
9.42%
Communication Ser.
9.41%
Consumer Discreti.
9.21%
Health Care
8.57%
Industrials
7.65%
Other
24.57%
OVL
Information Techn.
33.91%
Financials
10.25%
Communication Ser.
10.23%
Consumer Discreti.
10.02%
Health Care
9.32%
Industrials
8.33%
Other
17.93%
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Diversification
ZMAR
Total weight of top 15 holdings out of 15
38.99%
OVL
Total weight of top 15 holdings out of 15
42.43%
Top 15 holdings
Data as of March 31, 2026
ZMAR
NVIDIA
6.97%
APPLE
6.12%
MICROSOFT-T
4.52%
AMAZON.COM INC
3.34%
ALPHABET INC-CL
2.75%
BROADCOM LIMITED
2.41%
ALPHABET INC-CL
2.20%
META PLATFORMS
2.06%
TESLA
1.72%
BERKSHIRE HATHWAY
1.44%
JPMORGAN CHASE
1.23%
LILLY
1.20%
EXXON
1.17%
JOHNSON&JOHNSON
0.97%
WALMART INC
0.90%
OVL
NVIDIA
7.58%
APPLE
6.66%
MICROSOFT-T
4.92%
AMAZON.COM INC
3.64%
ALPHABET INC-CL
2.99%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.40%
META PLATFORMS
2.24%
TESLA
1.87%
BERKSHIRE HATHWAY
1.57%
JPMORGAN CHASE
1.34%
LILLY
1.30%
EXXON
1.27%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.97%
Frequently asked questions about ZMAR and OVL
How have the ZMAR and OVL ETFs performed in 2026?
As of April 24, 2026, ZMAR is up 1.87% year-to-date (YTD), while OVL has returned 6.77%. That puts OVL better performer ahead so far this year.
Which ETF is attracting more investor money: ZMAR or OVL?
Year-to-date, the ZMAR ETF saw +$39M in flows, compared to +$24M for OVL.
Which ETF is more volatile: ZMAR or OVL?
Over the past year, ZMAR had a volatility of 2.24%, while OVL experienced 14.33%.
Which ETF is bigger: ZMAR or OVL?
As of April 24, 2026, ZMAR holds $132.33 M in assets under management (AUM), while OVL manages $212.99 M.
What sectors do the ZMAR and OVL ETFs invest in?
ZMAR leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, OVL focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the ZMAR ETF and OVL ETF?
ZMAR top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: ZMAR or OVL?
ZMAR holds 503 securities with 38.99% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 42.43%.
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