BOUT vs. SFLR

Last updated Jun 4, 2026

BOUT (Innovator IBD Breakout Opportunities ETF) and SFLR (Innovator Equity Managed Floor ETF) are both exchange-traded funds - BOUT is a Mid Cap Growth Equities fund tracking the IBD Breakout Stocks Total Return Index, while SFLR is a Options Trading fund actively managed by Innovator. BOUT is passively managed, while SFLR is actively managed. Over the past 3 years, BOUT returned 17.42%/yr vs 16.02%/yr for SFLR. A 0.71 correlation means they provide meaningful diversification when combined. BOUT charges 0.80%/yr vs 0.89%/yr for SFLR.

Performance

BOUT vs. SFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator IBD Breakout Opportunities ETF (BOUT) and Innovator Equity Managed Floor ETF (SFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOUT achieves a 31.39% return, which is significantly higher than SFLR's 5.55% return.

BOUT

• 1D: -0.01%
• 1M: 5.85%
• YTD: 31.39%
• 6M: 30.30%
• 1Y: 35.27%
• 3Y*: 17.42%
• 5Y*: 8.25%
• 10Y*: —

SFLR

• 1D: -0.38%
• 1M: 5.11%
• YTD: 5.55%
• 6M: 5.78%
• 1Y: 19.44%
• 3Y*: 16.02%
• 5Y*: —
• 10Y*: —

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

BOUT vs. SFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BOUT Innovator IBD Breakout Opportunities ETF	31.39%	-6.77%	18.82%	13.27%	-0.46%
SFLR Innovator Equity Managed Floor ETF	5.55%	13.29%	19.99%	21.20%	1.38%

Correlation

The correlation between BOUT and SFLR is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022	0.71

The correlation between BOUT and SFLR has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

BOUT vs. SFLR - Sectors Allocation Comparison

Sectors	BOUT	SFLR
Technology	28.4%	35.5%
Financial Services	22.9%	11.3%
Basic Materials	9.9%	2.1%
Consumer Defensive	9.7%	4.8%
Industrials	9.7%	8.4%
Consumer Cyclical	8.5%	10.0%
Utilities	7.0%	2.5%
Real Estate	3.5%	1.6%
Energy	3.1%	3.7%
Healthcare	2.6%	8.5%
Communication Services	2.0%	11.7%

Return for Risk

BOUT vs. SFLR — Risk / Return Rank

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

BOUT

BOUT Risk / Return Rank: 51
BOUT Sharpe Ratio Rank: 49
BOUT Sortino Ratio Rank: 47
BOUT Omega Ratio Rank: 46
BOUT Calmar Ratio Rank: 61
BOUT Martin Ratio Rank: 53

SFLR

SFLR Risk / Return Rank: 64
SFLR Sharpe Ratio Rank: 65
SFLR Sortino Ratio Rank: 63
SFLR Omega Ratio Rank: 69
SFLR Calmar Ratio Rank: 57
SFLR Martin Ratio Rank: 64

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.

BOUT vs. SFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator IBD Breakout Opportunities ETF (BOUT) and Innovator Equity Managed Floor ETF (SFLR). 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.

	BOUT	SFLR	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.20	-0.49
Sortino ratio: Return per unit of downside risk	2.33	2.98	-0.64
Omega ratio: Gain probability vs. loss probability	1.30	1.42	-0.13
Calmar ratio: Return relative to maximum drawdown	3.01	2.87	+0.14
Martin ratio: Return relative to average drawdown	9.00	11.73	-2.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BOUT vs. SFLR - Sharpe Ratio Comparison

The current BOUT Sharpe Ratio is 1.71, which is comparable to the SFLR Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of BOUT and SFLR, 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

	BOUT	SFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.20	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.71	-1.30

Drawdowns

BOUT vs. SFLR - Drawdown Comparison

The maximum BOUT drawdown since its inception was -36.75%, which is greater than SFLR's maximum drawdown of -12.13%. Use the drawdown chart below to compare losses from any high point for BOUT and SFLR.

Drawdown Indicators

	BOUT	SFLR	Difference
Max Drawdown Largest peak-to-trough decline	-36.75%	-12.13%	-24.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.76%	-6.79%	-4.97%
Max Drawdown (3Y) Largest decline over 3 years	-25.31%	-12.13%	-13.18%
Max Drawdown (5Y) Largest decline over 5 years	-28.28%	—	—
Current Drawdown Current decline from peak	-0.01%	-0.38%	+0.37%
Average Drawdown Average peak-to-trough decline	-12.29%	-1.74%	-10.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	1.66%	+2.27%

Volatility

BOUT vs. SFLR - Volatility Comparison

Innovator IBD Breakout Opportunities ETF (BOUT) has a higher volatility of 5.96% compared to Innovator Equity Managed Floor ETF (SFLR) at 1.87%. This indicates that BOUT's price experiences larger fluctuations and is considered to be riskier than SFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOUT	SFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	1.87%	+4.09%
Volatility (6M) Calculated over the trailing 6-month period	16.05%	6.46%	+9.59%
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	8.89%	+11.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	10.15%	+9.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.93%	10.15%	+12.78%

BOUT vs. SFLR - Expense Ratio Comparison

BOUT has a 0.80% expense ratio, which is lower than SFLR's 0.89% expense ratio.

Dividends

BOUT vs. SFLR - Dividend Comparison

BOUT's dividend yield for the trailing twelve months is around 0.26%, less than SFLR's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BOUT Innovator IBD Breakout Opportunities ETF	0.26%	0.34%	0.60%	1.32%	1.35%	0.00%	0.00%	0.00%	0.22%
SFLR Innovator Equity Managed Floor ETF	0.32%	0.33%	0.42%	1.16%	0.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BOUT and SFLR in my portfolio?

BOUT and SFLR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOUT or SFLR?

BOUT has higher volatility (5.96%) compared to SFLR (1.87%). In terms of maximum drawdown, BOUT dropped -36.75% vs SFLR's -12.13%.

Which ETF is better, BOUT or SFLR?

On 3-year performance, BOUT leads with 17.42% vs 16.02% for SFLR. On fees, BOUT is cheaper at 0.80% per year. On volatility, SFLR has been the lower-risk option at 1.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOUT or SFLR?

Over the 3-year period, BOUT has performed better with a 17.42% return vs 16.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOUT or SFLR?

BOUT is cheaper with a 0.80% expense ratio, compared with 0.89% for SFLR.

Which ETF pays a higher dividend yield, BOUT or SFLR?

SFLR has the higher dividend yield at 0.32%, compared with 0.26% for BOUT.

What is the main difference between BOUT and SFLR?

BOUT is categorized as Mid Cap Growth Equities, while SFLR is Options Trading. Their fees differ too: 0.80% for BOUT and 0.89% for SFLR.

Which has better risk-adjusted returns?

SFLR currently has the higher Sharpe Ratio (2.20 vs 1.71), 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.