UMAY vs OVT
Comparison between Innovator U.S. Equity Ultra Buffer ETF - May (UMAY, ETF) and Overlay Shares Short Term Bond ETF (OVT, ETF).
5-Year PerformanceUMAY has outperformed OVT, delivering a return of +6.3% compared to +2.9%
UMAY vs OVT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
UMAY vs OVT - Historical Returns
Returns include dividend reinvestment.
UMAY vs OVT - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | UMAY | OVT |
|---|---|---|
| 2026 | +2.98% | +2.05% |
| 2025 | +8.79% | +7.71% |
| 2024 | +14.49% | +7.94% |
| 2023 | +12.76% | +7.69% |
| 2022 | -9.27% | -9.59% |
| 2021 | +5.51% | +2.08% |
| 2020 | +7.38% | N/A |
UMAY vs OVT Drawdown Comparison
The maximum drawdown for UMAY was -12.12%, occurring on Oct 11, 2022. Recovery took 424 trading sessions.
The maximum drawdown for OVT was -13.59%, occurring on Oct 14, 2022. Recovery took 697 trading sessions.
The current UMAY drawdown is -1.19%. The current OVT drawdown is -1.12%.
| Rank | UMAY | OVT |
|---|---|---|
| #1 | -12.12% Apr 4, 2022 - Dec 11, 2023 | -13.59% Sep 3, 2021 - Jun 13, 2024 |
| #2 | -10.49% Feb 19, 2025 - May 16, 2025 | -3.22% Feb 19, 2025 - Jun 23, 2025 |
| #3 | -4.02% Jan 4, 2022 - Mar 28, 2022 | -2.08% Dec 6, 2024 - Feb 5, 2025 |
| #4 | -3.54% Jul 16, 2024 - Aug 19, 2024 | -1.72% Sep 24, 2024 - Dec 4, 2024 |
| #5 | -2.47% Jun 8, 2020 - Jul 20, 2020 | -1.55% Feb 27, 2026 - Apr 17, 2026 |
| #6 | -1.93% Aug 30, 2024 - Sep 16, 2024 | -1.53% Oct 28, 2025 - Nov 26, 2025 |
| #7 | -1.72% Oct 12, 2020 - Nov 5, 2020 | -1.21% Feb 24, 2021 - Apr 8, 2021 |
| #8 | -1.49% Aug 27, 2021 - Oct 19, 2021 | -1.12% May 29, 2026 - Jun 5, 2026 |
| #9 | -1.48% May 11, 2020 - May 18, 2020 | -0.91% Jan 6, 2026 - Jan 27, 2026 |
| #10 | -1.48% Aug 26, 2020 - Oct 9, 2020 | -0.73% Jul 16, 2024 - Jul 31, 2024 |
| #11 | -1.42% Nov 18, 2021 - Dec 23, 2021 | -0.69% Aug 2, 2024 - Aug 13, 2024 |
| #12 | -1.39% May 7, 2021 - May 27, 2021 | -0.69% Sep 19, 2025 - Oct 8, 2025 |
| #13 | -1.36% Feb 25, 2026 - Apr 2, 2026 | -0.67% Aug 16, 2021 - Aug 30, 2021 |
| #14 | -1.20% Dec 16, 2024 - Dec 24, 2024 | -0.66% Jan 25, 2021 - Feb 8, 2021 |
| #15 | -1.19% Jun 2, 2026 - Jun 5, 2026 | -0.64% Jun 15, 2021 - Jul 6, 2021 |
Correlation
Correlation between UMAY and OVT is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
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