NBFR vs. QFLR
NBFR (Innovator Nasdaq-100 Managed 10 Buffer ETF) and QFLR (Innovator Nasdaq-100 Managed Floor ETF) are both exchange-traded funds - NBFR is a Defined Outcome fund actively managed by Innovator, while QFLR is a Nasdaq-100 fund actively managed by Innovator. Both are actively managed. Their correlation of 0.92 means they have usually moved in the same direction. NBFR charges 0.79%/yr vs 0.89%/yr for QFLR.
Performance
NBFR vs. QFLR - Performance Comparison
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Returns By Period
NBFR
- 1D
- 0.95%
- 1M
- -1.80%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QFLR
- 1D
- 0.56%
- 1M
- -1.96%
- 6M
- -0.14%
- YTD
- 1.93%
- 1Y
- 14.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $83.82K | $58.88K | $223.65K | |
| $2.30M | $2.07M | $2.30M |
NBFR vs. QFLR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NBFR Innovator Nasdaq-100 Managed 10 Buffer ETF | 3.36% |
QFLR Innovator Nasdaq-100 Managed Floor ETF | 1.99% |
Correlation
The correlation between NBFR and QFLR is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 24, 2026 | 0.92 |
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Return for Risk
NBFR vs. QFLR — Risk / Return Rank
NBFR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QFLR
NBFR vs. QFLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Managed 10 Buffer ETF (NBFR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NBFR | QFLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.62 | — |
| Martin ratioReturn relative to average drawdown | — | 5.51 | — |
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Drawdowns
NBFR vs. QFLR - Drawdown Comparison
The maximum NBFR drawdown since its inception was -8.49%, smaller than the maximum QFLR drawdown of -13.97%. Use the drawdown chart below to compare losses from any high point for NBFR and QFLR.
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Drawdown Indicators
| NBFR | QFLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.49% | -13.97% | +5.48% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.93% | — |
Current DrawdownCurrent decline from peak | -4.58% | -5.11% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.55% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.34% | — |
Volatility
NBFR vs. QFLR - Volatility Comparison
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Volatility by Period
| NBFR | QFLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.83% | 14.03% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 13.40% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 13.40% | +3.43% |
NBFR vs. QFLR - Expense Ratio Comparison
NBFR has a 0.79% expense ratio, which is lower than QFLR's 0.89% expense ratio.
Dividends
NBFR vs. QFLR - Dividend Comparison
NBFR's dividend yield for the trailing twelve months is around 0.02%, while QFLR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NBFR Innovator Nasdaq-100 Managed 10 Buffer ETF | 0.02% | 0.00% | 0.00% |
QFLR Innovator Nasdaq-100 Managed Floor ETF | 0.00% | 0.02% | 0.03% |
Frequently Asked Questions
With a correlation of 0.92, NBFR and QFLR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, NBFR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NBFR is cheaper with a 0.79% expense ratio, compared with 0.89% for QFLR.
NBFR has the higher dividend yield at 0.02%, compared with 0.00% for QFLR.
NBFR is categorized as Defined Outcome, while QFLR is Nasdaq-100. Their fees differ too: 0.79% for NBFR and 0.89% for QFLR.
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