ARLU vs. QFLR

Last updated Jun 5, 2026

ARLU (Allianzim U.S. Equity Buffer15 Uncapped Apr ETF) and QFLR (Innovator Nasdaq-100 Managed Floor ETF) are both exchange-traded funds - ARLU is a Options Trading fund actively managed by Allianz, while QFLR is a Nasdaq-100 fund actively managed by Innovator. Both are actively managed. Over the past year, ARLU returned 19.57% vs 26.58% for QFLR. Their correlation of 0.86 suggests significant overlap in exposure. ARLU charges 0.74%/yr vs 0.89%/yr for QFLR.

Performance

ARLU vs. QFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) and Innovator Nasdaq-100 Managed Floor ETF (QFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ARLU having a 6.62% return and QFLR slightly higher at 6.83%.

ARLU

• 1D: 0.20%
• 1M: 3.91%
• YTD: 6.62%
• 6M: 6.46%
• 1Y: 19.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QFLR

• 1D: -0.07%
• 1M: 3.24%
• YTD: 6.83%
• 6M: 5.81%
• 1Y: 26.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARLU vs. QFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF	6.62%	11.27%	9.00%
QFLR Innovator Nasdaq-100 Managed Floor ETF	6.83%	17.27%	12.17%

Correlation

The correlation between ARLU and QFLR is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.86

The correlation between ARLU and QFLR has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

Return for Risk

ARLU vs. QFLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARLU

ARLU Risk / Return Rank: 50
ARLU Sharpe Ratio Rank: 52
ARLU Sortino Ratio Rank: 50
ARLU Omega Ratio Rank: 53
ARLU Calmar Ratio Rank: 42
ARLU Martin Ratio Rank: 54

QFLR

QFLR Risk / Return Rank: 74
QFLR Sharpe Ratio Rank: 73
QFLR Sortino Ratio Rank: 72
QFLR Omega Ratio Rank: 75
QFLR Calmar Ratio Rank: 71
QFLR Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARLU vs. QFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) and Innovator Nasdaq-100 Managed Floor ETF (QFLR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ARLU	QFLR	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.37	-0.60
Sortino ratio: Return per unit of downside risk	2.42	3.22	-0.80
Omega ratio: Gain probability vs. loss probability	1.32	1.44	-0.12
Calmar ratio: Return relative to maximum drawdown	2.03	3.51	-1.47
Martin ratio: Return relative to average drawdown	9.11	14.97	-5.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARLU vs. QFLR - Sharpe Ratio Comparison

The current ARLU Sharpe Ratio is 1.77, which is comparable to the QFLR Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of ARLU and QFLR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARLU	QFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	2.37	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	1.39	-0.39

Drawdowns

ARLU vs. QFLR - Drawdown Comparison

The maximum ARLU drawdown since its inception was -15.38%, which is greater than QFLR's maximum drawdown of -13.97%. Use the drawdown chart below to compare losses from any high point for ARLU and QFLR.

Drawdown Indicators

	ARLU	QFLR	Difference
Max Drawdown Largest peak-to-trough decline	-15.38%	-13.97%	-1.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-7.61%	-2.05%
Current Drawdown Current decline from peak	-0.34%	-0.54%	+0.20%
Average Drawdown Average peak-to-trough decline	-2.23%	-2.49%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.78%	+0.37%

Volatility

ARLU vs. QFLR - Volatility Comparison

Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) and Innovator Nasdaq-100 Managed Floor ETF (QFLR) have volatilities of 2.56% and 2.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARLU	QFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	2.50%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	8.73%	8.04%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	11.27%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.55%	12.61%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.55%	12.61%	-0.06%

ARLU vs. QFLR - Expense Ratio Comparison

ARLU has a 0.74% expense ratio, which is lower than QFLR's 0.89% expense ratio.

Dividends

ARLU vs. QFLR - Dividend Comparison

Neither ARLU nor QFLR has paid dividends to shareholders.

Position	TTM	2025	2024
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF	0.00%	0.00%	0.00%
QFLR Innovator Nasdaq-100 Managed Floor ETF	0.00%	0.02%	0.03%

Frequently Asked Questions

Can I hold both ARLU and QFLR in my portfolio?

ARLU and QFLR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARLU or QFLR?

ARLU has higher volatility (2.56%) compared to QFLR (2.50%). In terms of maximum drawdown, ARLU dropped -15.38% vs QFLR's -13.97%.

Which ETF is better, ARLU or QFLR?

On 1-year performance, QFLR leads with 26.58% vs 19.57% for ARLU. On fees, ARLU is cheaper at 0.74% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARLU or QFLR?

Over the 1-year period, QFLR has performed better with a 26.58% return vs 19.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARLU or QFLR?

ARLU is cheaper with a 0.74% expense ratio, compared with 0.89% for QFLR.

Which ETF pays a higher dividend yield, ARLU or QFLR?

ARLU and QFLR have nearly identical dividend yields, around 0.00%.

What is the main difference between ARLU and QFLR?

ARLU is categorized as Options Trading, while QFLR is Nasdaq-100. They also come from different issuers: Allianz and Innovator. Their fees differ too: 0.74% for ARLU and 0.89% for QFLR.

Which has better risk-adjusted returns?

QFLR currently has the higher Sharpe Ratio (2.37 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.