QFLR vs. IQQ

Last updated Aug 4, 2026

QFLR (Innovator Nasdaq-100 Managed Floor ETF) and IQQ (iShares Nasdaq 100 ETF) are both Nasdaq-100 funds. QFLR is actively managed, while IQQ is passively managed. Their 0.96 correlation means they have historically moved very closely together. QFLR charges 0.89%/yr vs 0.10%/yr for IQQ.

Performance

QFLR vs. IQQ - Performance Comparison

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

Returns By Period

QFLR

• 1D: 1.49%
• 1M: -0.51%
• 6M: 0.88%
• YTD: 3.44%
• 1Y: 16.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.62%

IQQ

• 1D: 1.76%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQQ iShares Nasdaq 100 ETF	$29.42M	$36.69M	$36.69M
QFLR Innovator Nasdaq-100 Managed Floor ETF	$3.00M	$2.42M	$2.41M

QFLR vs. IQQ - Yearly Performance Comparison

	2026 (YTD)
QFLR Innovator Nasdaq-100 Managed Floor ETF	-0.62%
IQQ iShares Nasdaq 100 ETF	-2.95%

Correlation

The correlation between QFLR and IQQ is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.96

Return for Risk

QFLR vs. IQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QFLR

QFLR Risk / Return Rank: 48
QFLR Sharpe Ratio Rank: 44
QFLR Sortino Ratio Rank: 43
QFLR Omega Ratio Rank: 43
QFLR Calmar Ratio Rank: 55
QFLR Martin Ratio Rank: 55

IQQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QFLR vs. IQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Managed Floor ETF (QFLR) and iShares Nasdaq 100 ETF (IQQ). 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	IQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.16	—	—
Sortino ratio: Return per unit of downside risk	1.63	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	2.04	—	—
Martin ratio: Return relative to average drawdown	6.90	—	—

Drawdowns

QFLR vs. IQQ - Drawdown Comparison

The maximum QFLR drawdown since its inception was -13.97%, which is greater than IQQ's maximum drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for QFLR and IQQ.

Drawdown Indicators

	QFLR	IQQ	Difference
Max Drawdown Largest peak-to-trough decline	-13.97%	-8.80%	-5.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	—	—
Current Drawdown Current decline from peak	-3.69%	-3.54%	-0.15%
Average Drawdown Average peak-to-trough decline	-2.56%	-3.69%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	—	—

Volatility

Volatility by Period

	QFLR	IQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	23.60%	-9.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.42%	23.60%	-10.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.42%	23.60%	-10.18%

QFLR vs. IQQ - Expense Ratio Comparison

QFLR has a 0.89% expense ratio, which is higher than IQQ's 0.10% expense ratio.

Dividends

QFLR vs. IQQ - Dividend Comparison

Neither QFLR nor IQQ has paid dividends to shareholders.

Position	TTM	2025	2024
IQQ iShares Nasdaq 100 ETF	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 IQQ in my portfolio?

With a correlation of 0.96, QFLR and IQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QFLR or IQQ?

On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QFLR or IQQ?

IQQ is cheaper with a 0.10% expense ratio, compared with 0.89% for QFLR.

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

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

What is the main difference between QFLR and IQQ?

They also come from different issuers: Innovator and iShares. Their fees differ too: 0.89% for QFLR and 0.10% for IQQ.