NJUN vs. SFLR

Last updated Jun 23, 2026

NJUN (Innovator Growth-100 Power Buffer ETF - June) and SFLR (Innovator Equity Managed Floor ETF) are both exchange-traded funds - NJUN is a Defined Outcome fund actively managed by Innovator, while SFLR is a Options Trading fund actively managed by Innovator. Both are actively managed. Over the past year, NJUN returned 13.44% vs 17.45% for SFLR. Their correlation of 0.85 suggests significant overlap in exposure. NJUN charges 0.79%/yr vs 0.89%/yr for SFLR.

Performance

NJUN vs. SFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF - June (NJUN) 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, NJUN achieves a 4.16% return, which is significantly lower than SFLR's 4.46% return.

NJUN

• 1D: -0.18%
• 1M: -0.18%
• YTD: 4.16%
• 6M: 4.26%
• 1Y: 13.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFLR

• 1D: -0.44%
• 1M: 0.37%
• YTD: 4.46%
• 6M: 4.32%
• 1Y: 17.45%
• 3Y*: 15.18%
• 5Y*: —
• 10Y*: —

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

NJUN vs. SFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NJUN Innovator Growth-100 Power Buffer ETF - June	4.16%	15.75%	8.06%
SFLR Innovator Equity Managed Floor ETF	4.46%	13.29%	9.05%

Correlation

The correlation between NJUN and SFLR is 0.81, 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	0.81
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	0.85

The correlation between NJUN and SFLR has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

Return for Risk

NJUN vs. SFLR — Risk / Return Rank

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

NJUN

NJUN Risk / Return Rank: 71
NJUN Sharpe Ratio Rank: 59
NJUN Sortino Ratio Rank: 60
NJUN Omega Ratio Rank: 74
NJUN Calmar Ratio Rank: 75
NJUN Martin Ratio Rank: 88

SFLR

SFLR Risk / Return Rank: 55
SFLR Sharpe Ratio Rank: 55
SFLR Sortino Ratio Rank: 51
SFLR Omega Ratio Rank: 58
SFLR Calmar Ratio Rank: 53
SFLR Martin Ratio Rank: 59

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.

NJUN vs. SFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - June (NJUN) 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.

	NJUN	SFLR	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.81	+0.10
Sortino ratio: Return per unit of downside risk	2.76	2.43	+0.33
Omega ratio: Gain probability vs. loss probability	1.42	1.35	+0.07
Calmar ratio: Return relative to maximum drawdown	3.71	2.58	+1.13
Martin ratio: Return relative to average drawdown	18.76	10.16	+8.61

NJUN vs. SFLR - Sharpe Ratio Comparison

The current NJUN Sharpe Ratio is 1.91, which is comparable to the SFLR Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of NJUN 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.

Drawdowns

NJUN vs. SFLR - Drawdown Comparison

The maximum NJUN drawdown since its inception was -12.59%, roughly equal to the maximum SFLR drawdown of -12.13%. Use the drawdown chart below to compare losses from any high point for NJUN and SFLR.

Drawdown Indicators

	NJUN	SFLR	Difference
Max Drawdown Largest peak-to-trough decline	-12.59%	-12.13%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-3.63%	-6.79%	+3.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.13%	—
Current Drawdown Current decline from peak	-0.58%	-1.64%	+1.06%
Average Drawdown Average peak-to-trough decline	-1.08%	-1.74%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	1.72%	-1.00%

Volatility

NJUN vs. SFLR - Volatility Comparison

Innovator Growth-100 Power Buffer ETF - June (NJUN) and Innovator Equity Managed Floor ETF (SFLR) have volatilities of 4.18% and 4.25%, 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

	NJUN	SFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	4.25%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	5.91%	7.46%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	7.06%	9.68%	-2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.87%	10.31%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.87%	10.31%	+0.56%

NJUN vs. SFLR - Expense Ratio Comparison

NJUN has a 0.79% expense ratio, which is lower than SFLR's 0.89% expense ratio.

Dividends

NJUN vs. SFLR - Dividend Comparison

NJUN 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
NJUN Innovator Growth-100 Power Buffer ETF - June	0.00%	0.00%	0.00%	0.00%	0.00%
SFLR Innovator Equity Managed Floor ETF	0.32%	0.33%	0.42%	1.16%	0.06%

Frequently Asked Questions

Can I hold both NJUN and SFLR in my portfolio?

NJUN and SFLR have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NJUN or SFLR?

SFLR has higher volatility (4.25%) compared to NJUN (4.18%). In terms of maximum drawdown, NJUN dropped -12.59% vs SFLR's -12.13%.

Which ETF is better, NJUN or SFLR?

On 1-year performance, SFLR leads with 17.45% vs 13.44% for NJUN. On fees, NJUN is cheaper at 0.79% 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, NJUN or SFLR?

Over the 1-year period, SFLR has performed better with a 17.45% return vs 13.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NJUN or SFLR?

NJUN is cheaper with a 0.79% expense ratio, compared with 0.89% for SFLR.

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

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

What is the main difference between NJUN and SFLR?

NJUN is categorized as Defined Outcome, while SFLR is Options Trading. Their fees differ too: 0.79% for NJUN and 0.89% for SFLR.

Which has better risk-adjusted returns?

NJUN currently has the higher Sharpe Ratio (1.91 vs 1.81), 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.