OVLH vs ZDEK
Comparison between OVERLAY SHARES HEDGED LARGE CAP EQUITY ETF (OVLH, ETF) and Innovator Equity Defined Protection ETF 1 Yr December (ZDEK, ETF).
OVLH vs ZDEK - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
OVLH
$112M
ZDEK
$112M
Expense Ratio
OVLH
0.80%
Winner
ZDEK
0.79%
Max Drawdown
OVLH
21.00%
Winner
ZDEK
3.40%
Sharpe Ratio
OVLH
0.89
Winner
ZDEK
1.24
5Y Beta
OVLH
0.56
Winner
ZDEK
0.16
OVLH vs ZDEK - Historical Returns
Returns include dividend reinvestment.
1M
Winner
OVLH
+2.73%
ZDEK
+0.93%
3M
OVLH
+0.73%
Winner
ZDEK
+1.37%
6M
Winner
OVLH
+6.85%
ZDEK
+3.21%
1Y
Winner
OVLH
+12.40%
ZDEK
+7.10%
5Y(CAGR)
OVLH
+8.55%
ZDEK
N/A
Max(CAGR)
Winner
OVLH
+10.49%
ZDEK
+6.48%
OVLH vs ZDEK - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | OVLH | ZDEK |
|---|---|---|
| 2026 | +7.52% | +3.85% |
| 2025 | +15.91% | +7.71% |
| 2024 | +19.10% | -0.38% |
| 2023 | +17.29% | N/A |
| 2022 | -16.38% | N/A |
| 2021 | +20.91% | N/A |
OVLH vs ZDEK Drawdown Comparison
The maximum drawdown for OVLH was -20.69%, occurring on Oct 11, 2022. Recovery took 528 trading sessions.
The maximum drawdown for ZDEK was -3.40%, occurring on Apr 8, 2025. Recovery took 75 trading sessions.
The current OVLH drawdown is -1.54%. The current ZDEK drawdown is -0.02%.
| Rank | OVLH | ZDEK |
|---|---|---|
| #1 | -20.69% Dec 27, 2021 - Feb 2, 2024 | -3.40% Feb 19, 2025 - Jun 6, 2025 |
| #2 | -8.81% Feb 19, 2025 - May 12, 2025 | -1.51% Feb 25, 2026 - Apr 9, 2026 |
| #3 | -6.36% Jan 27, 2026 - Apr 17, 2026 | -0.79% Dec 6, 2024 - Jan 21, 2025 |
| #4 | -5.22% Jul 16, 2024 - Sep 13, 2024 | -0.75% Nov 11, 2025 - Nov 24, 2025 |
| #5 | -5.22% Sep 3, 2021 - Oct 28, 2021 | -0.67% Oct 9, 2025 - Oct 20, 2025 |
| #6 | -3.89% Feb 16, 2021 - Mar 15, 2021 | -0.63% Jul 25, 2025 - Aug 8, 2025 |
| #7 | -3.83% May 7, 2021 - Jun 11, 2021 | -0.59% Jun 4, 2026 - Jun 15, 2026 |
| #8 | -3.83% Mar 27, 2024 - May 15, 2024 | -0.49% Jun 12, 2025 - Jun 24, 2025 |
| #9 | -3.82% Jun 2, 2026 - Aug 4, 2026 | -0.49% Aug 13, 2025 - Aug 26, 2025 |
| #10 | -3.16% Oct 28, 2025 - Jan 12, 2026 | -0.43% Jan 12, 2026 - Jan 26, 2026 |
| #11 | -3.06% Dec 6, 2024 - Feb 19, 2025 | -0.42% Jun 15, 2026 - Jul 2, 2026 |
| #12 | -2.72% Jul 12, 2021 - Jul 23, 2021 | -0.41% Jan 23, 2025 - Feb 10, 2025 |
| #13 | -2.64% Nov 24, 2021 - Dec 10, 2021 | -0.41% Dec 11, 2025 - Dec 23, 2025 |
| #14 | -2.57% Dec 15, 2021 - Dec 27, 2021 | -0.41% Jan 28, 2026 - Feb 9, 2026 |
| #15 | -2.43% Jan 26, 2021 - Feb 4, 2021 | -0.36% Aug 28, 2025 - Sep 4, 2025 |
Correlation
Correlation between OVLH and ZDEK is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
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