NBFR vs. SFLR
NBFR (Innovator Nasdaq-100 Managed 10 Buffer ETF) and SFLR (Innovator Equity Managed Floor ETF) are both exchange-traded funds - NBFR is a Defined Outcome fund actively managed by Innovator, while SFLR is a Options Trading fund actively managed by Innovator. Both are actively managed. Their correlation of 0.83 means they have usually moved in the same direction. NBFR charges 0.79%/yr vs 0.89%/yr for SFLR.
Performance
NBFR vs. SFLR - Performance Comparison
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Returns By Period
NBFR
- 1D
- 0.95%
- 1M
- -1.80%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SFLR
- 1D
- 0.39%
- 1M
- -0.65%
- 6M
- 3.61%
- YTD
- 4.20%
- 1Y
- 13.26%
- 3Y*
- 13.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $83.82K | $58.88K | $223.65K | |
| $6.54M | $8.39M | $12.78M |
NBFR vs. SFLR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NBFR Innovator Nasdaq-100 Managed 10 Buffer ETF | 3.36% |
SFLR Innovator Equity Managed Floor ETF | 4.79% |
Correlation
The correlation between NBFR and SFLR is 0.83, 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 | 0.83 |
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Return for Risk
NBFR vs. SFLR — Risk / Return Rank
NBFR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SFLR
NBFR vs. SFLR - 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 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.
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 | SFLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.76 | — |
| Martin ratioReturn relative to average drawdown | — | 6.53 | — |
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Drawdowns
NBFR vs. SFLR - Drawdown Comparison
The maximum NBFR drawdown since its inception was -8.49%, smaller than the maximum SFLR drawdown of -12.13%. Use the drawdown chart below to compare losses from any high point for NBFR and SFLR.
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Drawdown Indicators
| NBFR | SFLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.49% | -12.13% | +3.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.79% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.13% | — |
Current DrawdownCurrent decline from peak | -4.58% | -1.89% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -1.74% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.83% | — |
Volatility
NBFR vs. SFLR - Volatility Comparison
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Volatility by Period
| NBFR | SFLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.83% | 9.93% | +6.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 10.27% | +6.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 10.27% | +6.56% |
NBFR vs. SFLR - Expense Ratio Comparison
NBFR has a 0.79% expense ratio, which is lower than SFLR's 0.89% expense ratio.
Dividends
NBFR vs. SFLR - Dividend Comparison
NBFR's dividend yield for the trailing twelve months is around 0.02%, less than SFLR's 0.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NBFR Innovator Nasdaq-100 Managed 10 Buffer ETF | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
SFLR Innovator Equity Managed Floor ETF | 0.28% | 0.33% | 0.42% | 1.16% | 0.06% |
Frequently Asked Questions
NBFR and SFLR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 SFLR.
SFLR has the higher dividend yield at 0.28%, compared with 0.02% for NBFR.
NBFR is categorized as Defined Outcome, while SFLR is Options Trading. Their fees differ too: 0.79% for NBFR and 0.89% for SFLR.
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