QFLR vs. IBUF

Last updated Jun 4, 2026

QFLR (Innovator Nasdaq-100 Managed Floor ETF) and IBUF (Innovator International Developed 10 Buffer ETF - Quarterly) are both exchange-traded funds - QFLR is a Nasdaq-100 fund actively managed by Innovator, while IBUF is a Defined Outcome fund actively managed by Innovator. Both are actively managed. Over the past year, QFLR returned 26.98% vs 11.79% for IBUF. A 0.52 correlation means they provide meaningful diversification when combined. QFLR charges 0.89%/yr vs 0.85%/yr for IBUF.

Performance

QFLR vs. IBUF - Performance Comparison

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

Returns By Period

In the year-to-date period, QFLR achieves a 6.90% return, which is significantly higher than IBUF's 5.20% return.

QFLR

• 1D: 0.01%
• 1M: 3.99%
• YTD: 6.90%
• 6M: 5.88%
• 1Y: 26.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBUF

• 1D: -0.53%
• 1M: 1.77%
• YTD: 5.20%
• 6M: 6.89%
• 1Y: 11.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QFLR vs. IBUF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QFLR Innovator Nasdaq-100 Managed Floor ETF	6.90%	17.27%	5.64%
IBUF Innovator International Developed 10 Buffer ETF - Quarterly	5.20%	13.54%	2.77%

Correlation

The correlation between QFLR and IBUF is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jul 2, 2024	0.52

The correlation between QFLR and IBUF has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

QFLR vs. IBUF - Sectors Allocation Comparison

Sectors	QFLR	IBUF
Technology	50.8%	10.3%
Communication Services	18.4%	4.5%
Consumer Cyclical	12.1%	7.7%
Consumer Defensive	9.2%	6.7%
Healthcare	3.2%	10.6%
Industrials	2.8%	19.8%
Utilities	1.5%	4.0%
Energy	1.1%	4.0%
Financial Services	0.9%	24.7%
Basic Materials	0.0%	5.9%
Real Estate	-	1.9%

Return for Risk

QFLR vs. IBUF — Risk / Return Rank

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

QFLR

QFLR Risk / Return Rank: 74
QFLR Sharpe Ratio Rank: 73
QFLR Sortino Ratio Rank: 71
QFLR Omega Ratio Rank: 74
QFLR Calmar Ratio Rank: 71
QFLR Martin Ratio Rank: 78

IBUF

IBUF Risk / Return Rank: 80
IBUF Sharpe Ratio Rank: 67
IBUF Sortino Ratio Rank: 79
IBUF Omega Ratio Rank: 76
IBUF Calmar Ratio Rank: 90
IBUF Martin Ratio Rank: 88

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. IBUF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Managed Floor ETF (QFLR) and Innovator International Developed 10 Buffer ETF - Quarterly (IBUF). 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.

	QFLR	IBUF	Difference
Sharpe ratio Return per unit of total volatility	2.41	2.19	+0.21
Sortino ratio Return per unit of downside risk	3.26	3.53	-0.27
Omega ratio Gain probability vs. loss probability	1.44	1.45	0.00
Calmar ratio Return relative to maximum drawdown	3.56	5.46	-1.90
Martin ratio Return relative to average drawdown	15.19	19.40	-4.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QFLR vs. IBUF - Sharpe Ratio Comparison

The current QFLR Sharpe Ratio is 2.41, which is comparable to the IBUF Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of QFLR and IBUF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QFLR	IBUF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.19	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	1.40	1.73	-0.34

Drawdowns

QFLR vs. IBUF - Drawdown Comparison

The maximum QFLR drawdown since its inception was -13.97%, which is greater than IBUF's maximum drawdown of -5.92%. Use the drawdown chart below to compare losses from any high point for QFLR and IBUF.

Drawdown Indicators

	QFLR	IBUF	Difference
Max Drawdown Largest peak-to-trough decline	-13.97%	-5.92%	-8.05%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-2.17%	-5.44%
Current Drawdown Current decline from peak	-0.48%	-0.53%	+0.05%
Average Drawdown Average peak-to-trough decline	-2.50%	-0.47%	-2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	0.61%	+1.17%

Volatility

QFLR vs. IBUF - Volatility Comparison

Innovator Nasdaq-100 Managed Floor ETF (QFLR) and Innovator International Developed 10 Buffer ETF - Quarterly (IBUF) have volatilities of 2.53% and 2.44%, 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

	QFLR	IBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	2.44%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	8.05%	4.60%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	5.40%	+5.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.62%	6.53%	+6.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.62%	6.53%	+6.09%

QFLR vs. IBUF - Expense Ratio Comparison

QFLR has a 0.89% expense ratio, which is higher than IBUF's 0.85% expense ratio.

Dividends

QFLR vs. IBUF - Dividend Comparison

Neither QFLR nor IBUF has paid dividends to shareholders.

Position	TTM	2025	2024
IBUF Innovator International Developed 10 Buffer ETF - Quarterly	0.00%	0.00%	0.00%
QFLR Innovator Nasdaq-100 Managed Floor ETF	0.00%	0.02%	0.03%

Frequently Asked Questions

Can I hold both QFLR and IBUF in my portfolio?

QFLR and IBUF have a correlation of 0.56, 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 IBUF?

QFLR has higher volatility (2.53%) compared to IBUF (2.44%). In terms of maximum drawdown, QFLR dropped -13.97% vs IBUF's -5.92%.

Which ETF is better, QFLR or IBUF?

On 1-year performance, QFLR leads with 26.98% vs 11.79% for IBUF. On fees, IBUF is cheaper at 0.85% 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, QFLR or IBUF?

Over the 1-year period, QFLR has performed better with a 26.98% return vs 11.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QFLR or IBUF?

IBUF is cheaper with a 0.85% expense ratio, compared with 0.89% for QFLR.

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

QFLR and IBUF have nearly identical dividend yields, around 0.00%.

What is the main difference between QFLR and IBUF?

QFLR is categorized as Nasdaq-100, while IBUF is Defined Outcome. Their fees differ too: 0.89% for QFLR and 0.85% for IBUF.

Which has better risk-adjusted returns?

QFLR currently has the higher Sharpe Ratio (2.41 vs 2.19), 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.