ZJAN vs OVLH
Comparison between Innovator Equity Defined Protection ETF 1 Yr January (ZJAN, ETF) and OVERLAY SHARES HEDGED LARGE CAP EQUITY ETF (OVLH, ETF).
ZJAN vs OVLH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ZJAN
$116M
OVLH
$116M
Expense Ratio
Winner
ZJAN
0.79%
OVLH
0.80%
Max Drawdown
Winner
ZJAN
3.20%
OVLH
21.00%
Sharpe Ratio
Winner
ZJAN
1.54
OVLH
1.32
5Y Beta
Winner
ZJAN
0.15
OVLH
0.56
ZJAN vs OVLH - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ZJAN
+0.25%
OVLH
-0.05%
3M
ZJAN
+2.17%
Winner
OVLH
+7.79%
6M
ZJAN
+2.59%
Winner
OVLH
+5.94%
1Y
ZJAN
+6.96%
Winner
OVLH
+15.62%
5Y(CAGR)
ZJAN
N/A
OVLH
+9.36%
Max(CAGR)
ZJAN
+6.20%
Winner
OVLH
+10.54%
ZJAN vs OVLH - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | ZJAN | OVLH |
|---|---|---|
| 2026 | +2.01% | +5.63% |
| 2025 | +6.79% | +15.91% |
| 2024 | N/A | +19.10% |
| 2023 | N/A | +17.29% |
| 2022 | N/A | -16.38% |
| 2021 | N/A | +20.91% |
ZJAN vs OVLH Drawdown Comparison
The maximum drawdown for ZJAN was -3.20%, occurring on Apr 8, 2025. Recovery took 61 trading sessions.
The maximum drawdown for OVLH was -20.69%, occurring on Oct 11, 2022. Recovery took 528 trading sessions.
The current ZJAN drawdown is -0.20%. The current OVLH drawdown is -1.98%.
| Rank | ZJAN | OVLH |
|---|---|---|
| #1 | -3.20% Feb 19, 2025 - May 16, 2025 | -20.69% Dec 27, 2021 - Feb 2, 2024 |
| #2 | -1.36% Feb 25, 2026 - Apr 13, 2026 | -8.81% Feb 19, 2025 - May 12, 2025 |
| #3 | -0.62% Nov 12, 2025 - Nov 25, 2025 | -6.36% Jan 27, 2026 - Apr 17, 2026 |
| #4 | -0.62% May 19, 2025 - Jun 2, 2025 | -5.22% Jul 16, 2024 - Sep 13, 2024 |
| #5 | -0.52% Oct 9, 2025 - Oct 20, 2025 | -5.22% Sep 3, 2021 - Oct 28, 2021 |
| #6 | -0.51% Jan 6, 2025 - Jan 17, 2025 | -3.89% Feb 16, 2021 - Mar 15, 2021 |
| #7 | -0.50% Jun 2, 2026 - Jun 10, 2026 | -3.83% May 7, 2021 - Jun 11, 2021 |
| #8 | -0.44% Jan 12, 2026 - Jan 27, 2026 | -3.83% Mar 27, 2024 - May 15, 2024 |
| #9 | -0.42% Jul 28, 2025 - Aug 6, 2025 | -3.53% Jun 2, 2026 - Jun 10, 2026 |
| #10 | -0.36% Feb 10, 2026 - Feb 25, 2026 | -3.16% Oct 28, 2025 - Jan 12, 2026 |
| #11 | -0.33% Jan 28, 2026 - Feb 10, 2026 | -3.06% Dec 6, 2024 - Feb 19, 2025 |
| #12 | -0.28% Jan 24, 2025 - Feb 13, 2025 | -2.72% Jul 12, 2021 - Jul 23, 2021 |
| #13 | -0.26% Aug 28, 2025 - Sep 4, 2025 | -2.64% Nov 24, 2021 - Dec 10, 2021 |
| #14 | -0.22% Jun 12, 2025 - Jun 23, 2025 | -2.57% Dec 15, 2021 - Dec 27, 2021 |
| #15 | -0.20% Sep 22, 2025 - Oct 1, 2025 | -2.43% Jan 26, 2021 - Feb 4, 2021 |
Correlation
Correlation between ZJAN and OVLH is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
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