QFLR vs. QEW

Last updated Jun 4, 2026

QFLR (Innovator Nasdaq-100 Managed Floor ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds. QFLR is actively managed, while QEW is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. QFLR charges 0.89%/yr vs 0.25%/yr for QEW.

Performance

QFLR vs. QEW - Performance Comparison

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

Returns By Period

QFLR

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

QEW

• 1D: -0.11%
• 1M: 10.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QFLR vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QFLR Innovator Nasdaq-100 Managed Floor ETF	7.94%
QEW Invesco QQQ Equal Weight ETF	21.49%

Correlation

The correlation between QFLR and QEW is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.74

Return for Risk

QFLR vs. QEW — 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

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. QEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Managed Floor ETF (QFLR) and Invesco QQQ Equal Weight ETF (QEW). 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	QEW	Difference
Sharpe ratio: Return per unit of total volatility	2.41	—	—
Sortino ratio: Return per unit of downside risk	3.26	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	3.56	—	—
Martin ratio: Return relative to average drawdown	15.19	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QFLR	QEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.40	9.75	-8.35

Drawdowns

QFLR vs. QEW - Drawdown Comparison

The maximum QFLR drawdown since its inception was -13.97%, which is greater than QEW's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for QFLR and QEW.

Drawdown Indicators

	QFLR	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-13.97%	-4.15%	-9.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	—	—
Current Drawdown Current decline from peak	-0.48%	-0.11%	-0.37%
Average Drawdown Average peak-to-trough decline	-2.50%	-0.57%	-1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	—	—

Volatility

Volatility by Period

	QFLR	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	15.78%	-4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.62%	15.78%	-3.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.62%	15.78%	-3.16%

QFLR vs. QEW - Expense Ratio Comparison

QFLR has a 0.89% expense ratio, which is higher than QEW's 0.25% expense ratio.

Dividends

QFLR vs. QEW - Dividend Comparison

Neither QFLR nor QEW has paid dividends to shareholders.

Position	TTM	2025	2024
QEW Invesco QQQ Equal Weight 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 QEW in my portfolio?

QFLR and QEW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QFLR or QEW?

On fees, QEW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QFLR or QEW?

QEW is cheaper with a 0.25% expense ratio, compared with 0.89% for QFLR.

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

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

What is the main difference between QFLR and QEW?

They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.89% for QFLR and 0.25% for QEW.