QNXT vs. QFLR

Last updated Jun 25, 2026

QNXT (iShares Nasdaq-100 ex Top 30 ETF) and QFLR (Innovator Nasdaq-100 Managed Floor ETF) are both Nasdaq-100 funds. QNXT is passively managed, while QFLR is actively managed. Over the past year, QNXT returned 18.98% vs 19.39% for QFLR. A 0.74 correlation means they provide meaningful diversification when combined. QNXT charges 0.20%/yr vs 0.89%/yr for QFLR.

Performance

QNXT vs. QFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq-100 ex Top 30 ETF (QNXT) and Innovator Nasdaq-100 Managed Floor ETF (QFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QNXT achieves a 12.56% return, which is significantly higher than QFLR's 3.09% return.

QNXT

• 1D: 0.11%
• 1M: 1.95%
• YTD: 12.56%
• 6M: 11.13%
• 1Y: 18.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QFLR

• 1D: -0.17%
• 1M: -2.43%
• YTD: 3.09%
• 6M: 2.26%
• 1Y: 19.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QNXT vs. QFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QNXT iShares Nasdaq-100 ex Top 30 ETF	12.56%	14.97%	-2.58%
QFLR Innovator Nasdaq-100 Managed Floor ETF	3.09%	17.27%	5.56%

Correlation

The correlation between QNXT and QFLR is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.74

The correlation between QNXT and QFLR has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

Return for Risk

QNXT vs. QFLR — Risk / Return Rank

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

QNXT

QNXT Risk / Return Rank: 38
QNXT Sharpe Ratio Rank: 38
QNXT Sortino Ratio Rank: 36
QNXT Omega Ratio Rank: 35
QNXT Calmar Ratio Rank: 42
QNXT Martin Ratio Rank: 42

QFLR

QFLR Risk / Return Rank: 53
QFLR Sharpe Ratio Rank: 50
QFLR Sortino Ratio Rank: 46
QFLR Omega Ratio Rank: 51
QFLR Calmar Ratio Rank: 58
QFLR Martin Ratio Rank: 62

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.

QNXT vs. QFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq-100 ex Top 30 ETF (QNXT) and Innovator Nasdaq-100 Managed Floor ETF (QFLR). 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.

	QNXT	QFLR	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.53	-0.32
Sortino ratio: Return per unit of downside risk	1.72	2.06	-0.33
Omega ratio: Gain probability vs. loss probability	1.21	1.29	-0.08
Calmar ratio: Return relative to maximum drawdown	1.88	2.56	-0.68
Martin ratio: Return relative to average drawdown	5.99	10.06	-4.07

QNXT vs. QFLR - Sharpe Ratio Comparison

The current QNXT Sharpe Ratio is 1.21, which is comparable to the QFLR Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of QNXT and QFLR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QNXT vs. QFLR - Drawdown Comparison

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

Drawdown Indicators

	QNXT	QFLR	Difference
Max Drawdown Largest peak-to-trough decline	-22.25%	-13.97%	-8.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-7.61%	-2.55%
Current Drawdown Current decline from peak	-3.28%	-4.02%	+0.74%
Average Drawdown Average peak-to-trough decline	-3.74%	-2.51%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	1.93%	+1.25%

Volatility

QNXT vs. QFLR - Volatility Comparison

iShares Nasdaq-100 ex Top 30 ETF (QNXT) and Innovator Nasdaq-100 Managed Floor ETF (QFLR) have volatilities of 6.79% and 6.55%, 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

	QNXT	QFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.79%	6.55%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	12.00%	9.85%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	12.76%	+3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.92%	13.12%	+6.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	13.12%	+6.80%

QNXT vs. QFLR - Expense Ratio Comparison

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

Dividends

QNXT vs. QFLR - Dividend Comparison

QNXT's dividend yield for the trailing twelve months is around 0.67%, while QFLR has not paid dividends to shareholders.

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	0.67%	0.64%	0.22%

Frequently Asked Questions

Can I hold both QNXT and QFLR in my portfolio?

QNXT and QFLR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QNXT or QFLR?

QNXT has higher volatility (6.79%) compared to QFLR (6.55%). In terms of maximum drawdown, QNXT dropped -22.25% vs QFLR's -13.97%.

Which ETF is better, QNXT or QFLR?

On 1-year performance, QFLR leads with 19.39% vs 18.98% for QNXT. On fees, QNXT is cheaper at 0.20% per year. On volatility, QFLR has been the lower-risk option at 6.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QNXT or QFLR?

Over the 1-year period, QFLR has performed better with a 19.39% return vs 18.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QNXT or QFLR?

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

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

QNXT has the higher dividend yield at 0.67%, compared with 0.00% for QFLR.

What is the main difference between QNXT and QFLR?

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

Which has better risk-adjusted returns?

QFLR currently has the higher Sharpe Ratio (1.53 vs 1.21), 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.