QFLR vs. QNXT

Last updated Jun 4, 2026

QFLR (Innovator Nasdaq-100 Managed Floor ETF) and QNXT (iShares Nasdaq-100 ex Top 30 ETF) are both Nasdaq-100 funds. QFLR is actively managed, while QNXT is passively managed. Over the past year, QFLR returned 26.98% vs 25.34% for QNXT. A 0.73 correlation means they provide meaningful diversification when combined. QFLR charges 0.89%/yr vs 0.20%/yr for QNXT.

Performance

QFLR vs. QNXT - 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 ex Top 30 ETF (QNXT). 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 lower than QNXT's 15.67% return.

QFLR

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

QNXT

• 1D: -0.61%
• 1M: 9.65%
• YTD: 15.67%
• 6M: 13.13%
• 1Y: 25.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QFLR vs. QNXT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QFLR Innovator Nasdaq-100 Managed Floor ETF	6.90%	17.27%	5.07%
QNXT iShares Nasdaq-100 ex Top 30 ETF	15.67%	14.97%	-2.52%

Correlation

The correlation between QFLR and QNXT is 0.69, 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	0.69
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024	0.73

The correlation between QFLR and QNXT has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.

QFLR vs. QNXT - Sectors Allocation Comparison

Sectors	QFLR	QNXT
Technology	50.8%	40.3%
Communication Services	18.4%	8.8%
Consumer Cyclical	12.1%	17.0%
Consumer Defensive	9.2%	5.7%
Healthcare	3.2%	7.5%
Industrials	2.8%	10.6%
Utilities	1.5%	6.1%
Energy	1.1%	2.7%
Financial Services	0.9%	1.0%
Basic Materials	0.0%	-
Real Estate	-	0.3%

Return for Risk

QFLR vs. QNXT — 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

QNXT

QNXT Risk / Return Rank: 49
QNXT Sharpe Ratio Rank: 50
QNXT Sortino Ratio Rank: 49
QNXT Omega Ratio Rank: 47
QNXT Calmar Ratio Rank: 52
QNXT Martin Ratio Rank: 49

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. QNXT - 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 ex Top 30 ETF (QNXT). 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	QNXT	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.70	+0.71
Sortino ratio: Return per unit of downside risk	3.26	2.37	+0.89
Omega ratio: Gain probability vs. loss probability	1.44	1.29	+0.15
Calmar ratio: Return relative to maximum drawdown	3.56	2.50	+1.05
Martin ratio: Return relative to average drawdown	15.19	8.17	+7.02
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. QNXT - Sharpe Ratio Comparison

The current QFLR Sharpe Ratio is 2.41, which is higher than the QNXT Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of QFLR and QNXT, 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	QNXT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	1.70	+0.71
Sharpe Ratio (All Time) Calculated using the full available price history	1.40	0.90	+0.50

Drawdowns

QFLR vs. QNXT - Drawdown Comparison

The maximum QFLR drawdown since its inception was -13.97%, smaller than the maximum QNXT drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for QFLR and QNXT.

Drawdown Indicators

	QFLR	QNXT	Difference
Max Drawdown Largest peak-to-trough decline	-13.97%	-22.25%	+8.28%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-10.16%	+2.55%
Current Drawdown Current decline from peak	-0.48%	-0.61%	+0.13%
Average Drawdown Average peak-to-trough decline	-2.50%	-3.79%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	3.11%	-1.33%

Volatility

QFLR vs. QNXT - Volatility Comparison

The current volatility for Innovator Nasdaq-100 Managed Floor ETF (QFLR) is 2.53%, while iShares Nasdaq-100 ex Top 30 ETF (QNXT) has a volatility of 3.52%. This indicates that QFLR experiences smaller price fluctuations and is considered to be less risky than QNXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QFLR	QNXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	3.52%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	8.05%	10.92%	-2.87%
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	15.05%	-3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.62%	19.73%	-7.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.62%	19.73%	-7.11%

QFLR vs. QNXT - Expense Ratio Comparison

QFLR has a 0.89% expense ratio, which is higher than QNXT's 0.20% expense ratio.

Dividends

QFLR vs. QNXT - Dividend Comparison

QFLR has not paid dividends to shareholders, while QNXT's dividend yield for the trailing twelve months is around 0.60%.

Position	TTM	2025	2024
QFLR Innovator Nasdaq-100 Managed Floor ETF	0.00%	0.02%	0.03%
QNXT iShares Nasdaq-100 ex Top 30 ETF	0.60%	0.64%	0.22%

Frequently Asked Questions

Can I hold both QFLR and QNXT in my portfolio?

QFLR and QNXT have a correlation of 0.69, 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 QNXT?

QNXT has higher volatility (3.52%) compared to QFLR (2.53%). In terms of maximum drawdown, QFLR dropped -13.97% vs QNXT's -22.25%.

Which ETF is better, QFLR or QNXT?

On 1-year performance, QFLR leads with 26.98% vs 25.34% for QNXT. On fees, QNXT is cheaper at 0.20% per year. On volatility, QFLR has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QFLR or QNXT?

Over the 1-year period, QFLR has performed better with a 26.98% return vs 25.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QFLR or QNXT?

QNXT is cheaper with a 0.20% expense ratio, compared with 0.89% for QFLR.

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

QNXT has the higher dividend yield at 0.60%, compared with 0.00% for QFLR.

What is the main difference between QFLR and QNXT?

They also come from different issuers: Innovator and iShares. Their fees differ too: 0.89% for QFLR and 0.20% for QNXT.

Which has better risk-adjusted returns?

QFLR currently has the higher Sharpe Ratio (2.41 vs 1.70), 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.