QFLR vs. IAK
QFLR (Innovator Nasdaq-100 Managed Floor ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - QFLR is a Nasdaq-100 fund actively managed by Innovator, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. QFLR is actively managed, while IAK is passively managed. Over the past year, QFLR returned 16.15% vs 19.67% for IAK. Their -0.01 correlation means they have often moved in opposite directions in the past. QFLR charges 0.89%/yr vs 0.38%/yr for IAK.
Performance
QFLR vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, QFLR achieves a 3.44% return, which is significantly lower than IAK's 10.11% return.
QFLR
- 1D
- 1.49%
- 1M
- -0.51%
- 6M
- 0.88%
- YTD
- 3.44%
- 1Y
- 16.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.62%
IAK
- 1D
- 0.03%
- 1M
- -0.03%
- 6M
- 12.56%
- YTD
- 10.11%
- 1Y
- 19.67%
- 3Y*
- 19.67%
- 5Y*
- 15.99%
- 10Y*
- 13.18%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.27M | $20.59M | $12.29M | |
| $3.00M | $2.42M | $2.41M |
QFLR vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QFLR Innovator Nasdaq-100 Managed Floor ETF | 3.44% | 17.27% | 16.30% |
IAK iShares U.S. Insurance ETF | 10.11% | 9.50% | 20.47% |
Correlation
The correlation between QFLR and IAK is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | -0.01 |
The correlation between QFLR and IAK shifts across timeframes, from -0.20 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QFLR vs. IAK — Risk / Return Rank
QFLR
IAK
QFLR vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Managed Floor ETF (QFLR) and iShares U.S. Insurance ETF (IAK). 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 | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.59 | -0.55 |
| Martin ratioReturn relative to average drawdown | 6.90 | 6.29 | +0.60 |
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Drawdowns
QFLR vs. IAK - Drawdown Comparison
The maximum QFLR drawdown since its inception was -13.97%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for QFLR and IAK.
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Drawdown Indicators
| QFLR | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.97% | -77.38% | +63.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.93% | -7.62% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.95% | — |
Current DrawdownCurrent decline from peak | -3.69% | -3.20% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -16.01% | +13.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 3.13% | -0.78% |
Volatility
QFLR vs. IAK - Volatility Comparison
The current volatility for Innovator Nasdaq-100 Managed Floor ETF (QFLR) is 5.37%, while iShares U.S. Insurance ETF (IAK) has a volatility of 6.56%. This indicates that QFLR experiences smaller price fluctuations and is considered to be less risky than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QFLR | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 6.56% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.33% | 12.42% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 15.99% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.42% | 18.13% | -4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 20.92% | -7.50% |
QFLR vs. IAK - Expense Ratio Comparison
QFLR has a 0.89% expense ratio, which is higher than IAK's 0.38% expense ratio.
Dividends
QFLR vs. IAK - Dividend Comparison
QFLR has not paid dividends to shareholders, while IAK's dividend yield for the trailing twelve months is around 2.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.42% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
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
QFLR and IAK have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAK has higher volatility (6.56%) compared to QFLR (5.37%). In terms of maximum drawdown, QFLR dropped -13.97% vs IAK's -77.38%.
On 1-year performance, IAK leads with 19.67% vs 16.15% for QFLR. On fees, IAK is cheaper at 0.38% per year. On volatility, QFLR has been the lower-risk option at 5.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IAK has performed better with a 19.67% return vs 16.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAK is cheaper with a 0.38% expense ratio, compared with 0.89% for QFLR.
IAK has the higher dividend yield at 2.42%, compared with 0.00% for QFLR.
QFLR is categorized as Nasdaq-100, while IAK is Financials Equities. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.89% for QFLR and 0.38% for IAK.
IAK currently has the higher Sharpe Ratio (1.24 vs 1.16), 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.
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