EJUL vs. SFLR

Last updated Jun 5, 2026

EJUL (Innovator Emerging Markets Power Buffer ETF - July) and SFLR (Innovator Equity Managed Floor ETF) are both exchange-traded funds - EJUL is a Defined Outcome fund tracking the MSCI Emerging Markets Index, while SFLR is a Options Trading fund actively managed by Innovator. EJUL is passively managed, while SFLR is actively managed. Over the past 3 years, EJUL returned 10.38%/yr vs 16.25%/yr for SFLR. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.89% expense ratio.

Performance

EJUL vs. SFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Emerging Markets Power Buffer ETF - July (EJUL) 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, EJUL achieves a 4.79% return, which is significantly lower than SFLR's 6.20% return.

EJUL

• 1D: 0.16%
• 1M: 0.58%
• YTD: 4.79%
• 6M: 6.15%
• 1Y: 17.58%
• 3Y*: 10.38%
• 5Y*: 3.05%
• 10Y*: —

SFLR

• 1D: 0.62%
• 1M: 4.77%
• YTD: 6.20%
• 6M: 6.35%
• 1Y: 19.88%
• 3Y*: 16.25%
• 5Y*: —
• 10Y*: —

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

EJUL vs. SFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EJUL Innovator Emerging Markets Power Buffer ETF - July	4.79%	20.20%	4.38%	3.50%	4.92%
SFLR Innovator Equity Managed Floor ETF	6.20%	13.29%	19.99%	21.20%	1.38%

Correlation

The correlation between EJUL and SFLR is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022	0.54

The correlation between EJUL and SFLR has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.

EJUL vs. SFLR - Sectors Allocation Comparison

Sectors	EJUL	SFLR
Technology	37.0%	35.5%
Financial Services	19.4%	11.3%
Consumer Cyclical	9.6%	10.0%
Industrials	7.5%	8.4%
Communication Services	6.9%	11.7%
Basic Materials	6.5%	2.1%
Energy	4.0%	3.7%
Consumer Defensive	3.0%	4.8%
Healthcare	2.9%	8.5%
Utilities	2.1%	2.5%
Real Estate	1.1%	1.6%

Return for Risk

EJUL vs. SFLR — Risk / Return Rank

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

EJUL

EJUL Risk / Return Rank: 85
EJUL Sharpe Ratio Rank: 77
EJUL Sortino Ratio Rank: 84
EJUL Omega Ratio Rank: 87
EJUL Calmar Ratio Rank: 85
EJUL Martin Ratio Rank: 90

SFLR

SFLR Risk / Return Rank: 67
SFLR Sharpe Ratio Rank: 70
SFLR Sortino Ratio Rank: 67
SFLR Omega Ratio Rank: 74
SFLR Calmar Ratio Rank: 60
SFLR Martin Ratio Rank: 66

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.

EJUL vs. SFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF - July (EJUL) 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.

	EJUL	SFLR	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.24	+0.21
Sortino ratio: Return per unit of downside risk	3.72	3.04	+0.68
Omega ratio: Gain probability vs. loss probability	1.53	1.43	+0.10
Calmar ratio: Return relative to maximum drawdown	4.64	2.94	+1.70
Martin ratio: Return relative to average drawdown	20.22	12.00	+8.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EJUL vs. SFLR - Sharpe Ratio Comparison

The current EJUL Sharpe Ratio is 2.45, which is comparable to the SFLR Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of EJUL 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

	EJUL	SFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.24	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	1.73	-1.46

Drawdowns

EJUL vs. SFLR - Drawdown Comparison

The maximum EJUL drawdown since its inception was -21.61%, which is greater than SFLR's maximum drawdown of -12.13%. Use the drawdown chart below to compare losses from any high point for EJUL and SFLR.

Drawdown Indicators

	EJUL	SFLR	Difference
Max Drawdown Largest peak-to-trough decline	-21.61%	-12.13%	-9.48%
Max Drawdown (1Y) Largest decline over 1 year	-3.81%	-6.79%	+2.98%
Max Drawdown (3Y) Largest decline over 3 years	-8.36%	-12.13%	+3.77%
Max Drawdown (5Y) Largest decline over 5 years	-21.61%	—	—
Current Drawdown Current decline from peak	-0.06%	0.00%	-0.06%
Average Drawdown Average peak-to-trough decline	-6.61%	-1.74%	-4.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	1.66%	-0.79%

Volatility

EJUL vs. SFLR - Volatility Comparison

The current volatility for Innovator Emerging Markets Power Buffer ETF - July (EJUL) is 0.83%, while Innovator Equity Managed Floor ETF (SFLR) has a volatility of 1.77%. This indicates that EJUL experiences smaller price fluctuations and is considered to be less risky than SFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EJUL	SFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	1.77%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	4.73%	6.49%	-1.76%
Volatility (1Y) Calculated over the trailing 1-year period	7.30%	8.91%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.66%	10.15%	+0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	10.15%	+1.29%

EJUL vs. SFLR - Expense Ratio Comparison

Both EJUL and SFLR have an expense ratio of 0.89%.

Dividends

EJUL vs. SFLR - Dividend Comparison

EJUL has not paid dividends to shareholders, while SFLR's dividend yield for the trailing twelve months is around 0.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EJUL Innovator Emerging Markets Power Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.64%
SFLR Innovator Equity Managed Floor ETF	0.32%	0.33%	0.42%	1.16%	0.06%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EJUL and SFLR in my portfolio?

EJUL and SFLR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EJUL or SFLR?

SFLR has higher volatility (1.77%) compared to EJUL (0.83%). In terms of maximum drawdown, EJUL dropped -21.61% vs SFLR's -12.13%.

Which ETF is better, EJUL or SFLR?

On 3-year performance, SFLR leads with 16.25% vs 10.38% for EJUL. Both ETFs have the same 0.89% expense ratio. On volatility, EJUL has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EJUL or SFLR?

Over the 3-year period, SFLR has performed better with a 16.25% return vs 10.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EJUL or SFLR?

EJUL and SFLR have the same expense ratio: 0.89% per year.

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

SFLR has the higher dividend yield at 0.32%, compared with 0.00% for EJUL.

What is the main difference between EJUL and SFLR?

EJUL is categorized as Defined Outcome, while SFLR is Options Trading.

Which has better risk-adjusted returns?

EJUL currently has the higher Sharpe Ratio (2.45 vs 2.24), 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.