OVLH vs ZJAN

Comparison between OVERLAY SHARES HEDGED LARGE CAP EQUITY ETF (OVLH, ETF) and Innovator Equity Defined Protection ETF 1 Yr January (ZJAN, ETF).

OVLH vs ZJAN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OVLH(ETF)	ZJAN(ETF)
Net Assets	$116M	$116M
Expense Ratio	0.80%	0.79%
Max Drawdown	21.00%	3.20%
Sharpe Ratio	1.32	1.54
5Y Beta	0.56	0.15

Net Assets

OVLH

$116M

Winner

ZJAN

$116M

Expense Ratio

OVLH

0.80%

Winner

ZJAN

0.79%

Max Drawdown

OVLH

21.00%

Winner

ZJAN

3.20%

Sharpe Ratio

OVLH

1.32

Winner

ZJAN

1.54

5Y Beta

OVLH

0.56

Winner

ZJAN

0.15

OVLH vs ZJAN - Historical Returns

Returns include dividend reinvestment.

Period	OVLH	ZJAN
1 month	-0.05%	+0.25%
3 months	+7.79%	+2.17%
6 months	+5.94%	+2.59%
1 year	+15.62%	+6.96%
5 years(CAGR)	+9.36%	N/A
Max(CAGR)	+10.54%	+6.20%

OVLH

-0.05%

Winner

ZJAN

+0.25%

Winner

OVLH

+7.79%

ZJAN

+2.17%

Winner

OVLH

+5.94%

ZJAN

+2.59%

Winner

OVLH

+15.62%

ZJAN

+6.96%

5Y(CAGR)

OVLH

+9.36%

ZJAN

N/A

Max(CAGR)

Winner

OVLH

+10.54%

ZJAN

+6.20%

OVLH vs ZJAN - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	OVLH	ZJAN
2026	+5.63%	+2.01%
2025	+15.91%	+6.79%
2024	+19.10%	N/A
2023	+17.29%	N/A
2022	-16.38%	N/A
2021	+20.91%	N/A

OVLH vs ZJAN Drawdown Comparison

The maximum drawdown for OVLH was -20.69%, occurring on Oct 11, 2022. Recovery took 528 trading sessions.

The maximum drawdown for ZJAN was -3.20%, occurring on Apr 8, 2025. Recovery took 61 trading sessions.

The current OVLH drawdown is -1.98%. The current ZJAN drawdown is -0.20%.

Rank	OVLH	ZJAN
#1	-20.69% Dec 27, 2021 - Feb 2, 2024	-3.20% Feb 19, 2025 - May 16, 2025
#2	-8.81% Feb 19, 2025 - May 12, 2025	-1.36% Feb 25, 2026 - Apr 13, 2026
#3	-6.36% Jan 27, 2026 - Apr 17, 2026	-0.62% Nov 12, 2025 - Nov 25, 2025
#4	-5.22% Jul 16, 2024 - Sep 13, 2024	-0.62% May 19, 2025 - Jun 2, 2025
#5	-5.22% Sep 3, 2021 - Oct 28, 2021	-0.52% Oct 9, 2025 - Oct 20, 2025
#6	-3.89% Feb 16, 2021 - Mar 15, 2021	-0.51% Jan 6, 2025 - Jan 17, 2025
#7	-3.83% May 7, 2021 - Jun 11, 2021	-0.50% Jun 2, 2026 - Jun 10, 2026
#8	-3.83% Mar 27, 2024 - May 15, 2024	-0.44% Jan 12, 2026 - Jan 27, 2026
#9	-3.53% Jun 2, 2026 - Jun 10, 2026	-0.42% Jul 28, 2025 - Aug 6, 2025
#10	-3.16% Oct 28, 2025 - Jan 12, 2026	-0.36% Feb 10, 2026 - Feb 25, 2026
#11	-3.06% Dec 6, 2024 - Feb 19, 2025	-0.33% Jan 28, 2026 - Feb 10, 2026
#12	-2.72% Jul 12, 2021 - Jul 23, 2021	-0.28% Jan 24, 2025 - Feb 13, 2025
#13	-2.64% Nov 24, 2021 - Dec 10, 2021	-0.26% Aug 28, 2025 - Sep 4, 2025
#14	-2.57% Dec 15, 2021 - Dec 27, 2021	-0.22% Jun 12, 2025 - Jun 23, 2025
#15	-2.43% Jan 26, 2021 - Feb 4, 2021	-0.20% Sep 22, 2025 - Oct 1, 2025