QFLR vs. ENFR

Last updated Jun 21, 2026

QFLR (Innovator Nasdaq-100 Managed Floor ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - QFLR is a Nasdaq-100 fund actively managed by Innovator, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. QFLR is actively managed, while ENFR is passively managed. Over the past year, QFLR returned 24.68% vs 23.59% for ENFR. At a 0.13 correlation, their price movements are largely independent. QFLR charges 0.89%/yr vs 0.35%/yr for ENFR.

Performance

QFLR vs. ENFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 Managed Floor ETF (QFLR) and Alerian Energy Infrastructure ETF (ENFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QFLR achieves a 5.95% return, which is significantly lower than ENFR's 21.84% return.

QFLR

• 1D: 1.77%
• 1M: 0.86%
• YTD: 5.95%
• 6M: 6.01%
• 1Y: 24.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ENFR

• 1D: 0.19%
• 1M: -5.96%
• YTD: 21.84%
• 6M: 24.56%
• 1Y: 23.59%
• 3Y*: 26.56%
• 5Y*: 19.88%
• 10Y*: 11.69%

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

QFLR vs. ENFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QFLR Innovator Nasdaq-100 Managed Floor ETF	5.95%	17.27%	16.30%
ENFR Alerian Energy Infrastructure ETF	21.84%	5.88%	42.54%

Correlation

The correlation between QFLR and ENFR is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.13

The correlation between QFLR and ENFR shifts across timeframes, from -0.11 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QFLR vs. ENFR — Risk / Return Rank

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

QFLR

QFLR Risk / Return Rank: 65
QFLR Sharpe Ratio Rank: 63
QFLR Sortino Ratio Rank: 58
QFLR Omega Ratio Rank: 65
QFLR Calmar Ratio Rank: 68
QFLR Martin Ratio Rank: 73

ENFR

ENFR Risk / Return Rank: 50
ENFR Sharpe Ratio Rank: 49
ENFR Sortino Ratio Rank: 48
ENFR Omega Ratio Rank: 46
ENFR Calmar Ratio Rank: 60
ENFR Martin Ratio Rank: 46

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.

QFLR vs. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Managed Floor ETF (QFLR) and Alerian Energy Infrastructure ETF (ENFR). 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.

	QFLR	ENFR	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.64	+0.34
Sortino ratio: Return per unit of downside risk	2.65	2.29	+0.36
Omega ratio: Gain probability vs. loss probability	1.37	1.28	+0.09
Calmar ratio: Return relative to maximum drawdown	3.23	2.80	+0.43
Martin ratio: Return relative to average drawdown	12.94	7.23	+5.71

QFLR vs. ENFR - Sharpe Ratio Comparison

The current QFLR Sharpe Ratio is 1.98, which is comparable to the ENFR Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of QFLR and ENFR, 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

QFLR vs. ENFR - Drawdown Comparison

The maximum QFLR drawdown since its inception was -13.97%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for QFLR and ENFR.

Drawdown Indicators

	QFLR	ENFR	Difference
Max Drawdown Largest peak-to-trough decline	-13.97%	-68.28%	+54.31%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-8.64%	+1.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.64%	—
Current Drawdown Current decline from peak	-1.36%	-7.06%	+5.70%
Average Drawdown Average peak-to-trough decline	-2.50%	-15.94%	+13.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	3.34%	-1.44%

Volatility

QFLR vs. ENFR - Volatility Comparison

Innovator Nasdaq-100 Managed Floor ETF (QFLR) has a higher volatility of 6.16% compared to Alerian Energy Infrastructure ETF (ENFR) at 5.34%. This indicates that QFLR's price experiences larger fluctuations and is considered to be riskier than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QFLR	ENFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.16%	5.34%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	11.57%	-1.90%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	14.77%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.02%	19.25%	-6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.02%	24.67%	-11.65%

QFLR vs. ENFR - Expense Ratio Comparison

QFLR has a 0.89% expense ratio, which is higher than ENFR's 0.35% expense ratio.

Dividends

QFLR vs. ENFR - Dividend Comparison

QFLR has not paid dividends to shareholders, while ENFR's dividend yield for the trailing twelve months is around 4.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENFR Alerian Energy Infrastructure ETF	4.12%	4.77%	4.41%	5.48%	5.23%	7.86%	7.57%	5.81%	3.98%	2.98%	3.31%	3.34%
QFLR Innovator Nasdaq-100 Managed Floor ETF	0.00%	0.02%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QFLR and ENFR in my portfolio?

QFLR and ENFR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QFLR or ENFR?

QFLR has higher volatility (6.16%) compared to ENFR (5.34%). In terms of maximum drawdown, QFLR dropped -13.97% vs ENFR's -68.28%.

Which ETF is better, QFLR or ENFR?

On 1-year performance, QFLR leads with 24.68% vs 23.59% for ENFR. On fees, ENFR is cheaper at 0.35% per year. On volatility, ENFR has been the lower-risk option at 5.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QFLR or ENFR?

Over the 1-year period, QFLR has performed better with a 24.68% return vs 23.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QFLR or ENFR?

ENFR is cheaper with a 0.35% expense ratio, compared with 0.89% for QFLR.

Which ETF pays a higher dividend yield, QFLR or ENFR?

ENFR has the higher dividend yield at 4.12%, compared with 0.00% for QFLR.

What is the main difference between QFLR and ENFR?

QFLR is categorized as Nasdaq-100, while ENFR is Energy Equities. They also come from different issuers: Innovator and SS&C. Their fees differ too: 0.89% for QFLR and 0.35% for ENFR.

Which has better risk-adjusted returns?

QFLR currently has the higher Sharpe Ratio (1.98 vs 1.64), 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.