QUAL vs. SFLR
QUAL (iShares MSCI USA Quality Factor ETF) and SFLR (Innovator Equity Managed Floor ETF) are both exchange-traded funds - QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index, while SFLR is a Options Trading fund actively managed by Innovator. QUAL is passively managed, while SFLR is actively managed. Over the past 3 years, QUAL returned 19.30%/yr vs 14.88%/yr for SFLR. Their correlation of 0.89 suggests significant overlap in exposure. QUAL charges 0.15%/yr vs 0.89%/yr for SFLR.
Performance
QUAL vs. SFLR - Performance Comparison
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Returns By Period
In the year-to-date period, QUAL achieves a 9.44% return, which is significantly higher than SFLR's 3.84% return.
QUAL
- 1D
- 0.47%
- 1M
- 2.14%
- YTD
- 9.44%
- 6M
- 9.29%
- 1Y
- 22.87%
- 3Y*
- 19.30%
- 5Y*
- 11.97%
- 10Y*
- 14.46%
SFLR
- 1D
- 0.34%
- 1M
- 0.39%
- YTD
- 3.84%
- 6M
- 4.29%
- 1Y
- 16.87%
- 3Y*
- 14.88%
- 5Y*
- —
- 10Y*
- —
QUAL vs. SFLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QUAL iShares MSCI USA Quality Factor ETF | 9.44% | 12.65% | 22.29% | 30.88% | 2.10% |
SFLR Innovator Equity Managed Floor ETF | 3.84% | 13.29% | 19.99% | 21.20% | 0.42% |
Correlation
The correlation between QUAL and SFLR is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022 | 0.89 |
The correlation between QUAL and SFLR has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
QUAL vs. SFLR — Risk / Return Rank
QUAL
SFLR
QUAL vs. SFLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Factor ETF (QUAL) and Innovator Equity Managed Floor ETF (SFLR). 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.
| QUAL | SFLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.40 | -0.08 |
| Martin ratioReturn relative to average drawdown | 10.60 | 9.51 | +1.09 |
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Drawdowns
QUAL vs. SFLR - Drawdown Comparison
The maximum QUAL drawdown since its inception was -34.06%, which is greater than SFLR's maximum drawdown of -12.13%. Use the drawdown chart below to compare losses from any high point for QUAL and SFLR.
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Drawdown Indicators
| QUAL | SFLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.06% | -12.13% | -21.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -6.79% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.00% | -12.13% | -5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.06% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -2.22% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -1.75% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.71% | +0.28% |
Volatility
QUAL vs. SFLR - Volatility Comparison
iShares MSCI USA Quality Factor ETF (QUAL) and Innovator Equity Managed Floor ETF (SFLR) have volatilities of 3.63% and 3.81%, 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.
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Volatility by Period
| QUAL | SFLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 3.81% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 7.29% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 9.46% | +2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 10.28% | +7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 10.28% | +7.83% |
QUAL vs. SFLR - Expense Ratio Comparison
QUAL has a 0.15% expense ratio, which is lower than SFLR's 0.89% expense ratio.
Dividends
QUAL vs. SFLR - Dividend Comparison
QUAL's dividend yield for the trailing twelve months is around 0.87%, more than SFLR's 0.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QUAL iShares MSCI USA Quality Factor ETF | 0.87% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
SFLR Innovator Equity Managed Floor ETF | 0.32% | 0.33% | 0.42% | 1.16% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QUAL and SFLR have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SFLR has higher volatility (3.81%) compared to QUAL (3.63%). In terms of maximum drawdown, QUAL dropped -34.06% vs SFLR's -12.13%.
On 3-year performance, QUAL leads with 19.30% vs 14.88% for SFLR. On fees, QUAL is cheaper at 0.15% per year. On volatility, QUAL has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QUAL has performed better with a 19.30% return vs 14.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QUAL is cheaper with a 0.15% expense ratio, compared with 0.89% for SFLR.
QUAL has the higher dividend yield at 0.87%, compared with 0.32% for SFLR.
QUAL is categorized as Large Cap Blend Equities, while SFLR is Options Trading. They also come from different issuers: iShares and Innovator. Their fees differ too: 0.15% for QUAL and 0.89% for SFLR.
QUAL currently has the higher Sharpe Ratio (1.74 vs 1.72), 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.
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