SFLR vs. CRDBX

Last updated Jun 3, 2026

SFLR (Innovator Equity Managed Floor ETF) and CRDBX (Potomac Defensive Bull Fund) are both funds - SFLR is a Options Trading fund actively managed by Innovator, while CRDBX is a Tactical Allocation fund managed by Potomac Fund Management Inc.. Over the past 3 years, SFLR returned 16.16%/yr vs 19.87%/yr for CRDBX. A 0.60 correlation means they provide meaningful diversification when combined. SFLR charges 0.89%/yr vs 1.24%/yr for CRDBX.

Performance

SFLR vs. CRDBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Managed Floor ETF (SFLR) and Potomac Defensive Bull Fund (CRDBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFLR achieves a 5.95% return, which is significantly lower than CRDBX's 18.50% return.

SFLR

• 1D: 0.15%
• 1M: 5.40%
• YTD: 5.95%
• 6M: 6.48%
• 1Y: 20.19%
• 3Y*: 16.16%
• 5Y*: —
• 10Y*: —

CRDBX

• 1D: 0.36%
• 1M: 6.00%
• YTD: 18.50%
• 6M: 18.57%
• 1Y: 43.71%
• 3Y*: 19.87%
• 5Y*: 15.68%
• 10Y*: —

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

SFLR vs. CRDBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SFLR Innovator Equity Managed Floor ETF	5.95%	13.29%	19.99%	21.20%	1.38%
CRDBX Potomac Defensive Bull Fund	18.50%	25.36%	19.91%	18.44%	3.44%

Correlation

The correlation between SFLR and CRDBX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022	0.60

The correlation between SFLR and CRDBX has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.

Return for Risk

SFLR vs. CRDBX — Risk / Return Rank

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

SFLR

SFLR Risk / Return Rank: 67
SFLR Sharpe Ratio Rank: 68
SFLR Sortino Ratio Rank: 66
SFLR Omega Ratio Rank: 72
SFLR Calmar Ratio Rank: 60
SFLR Martin Ratio Rank: 67

CRDBX

CRDBX Risk / Return Rank: 94
CRDBX Sharpe Ratio Rank: 94
CRDBX Sortino Ratio Rank: 91
CRDBX Omega Ratio Rank: 94
CRDBX Calmar Ratio Rank: 96
CRDBX Martin Ratio Rank: 94

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.

SFLR vs. CRDBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed Floor ETF (SFLR) and Potomac Defensive Bull Fund (CRDBX). 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.

	SFLR	CRDBX	Difference
Sharpe ratio Return per unit of total volatility	2.28	3.19	-0.91
Sortino ratio Return per unit of downside risk	3.08	4.48	-1.39
Omega ratio Gain probability vs. loss probability	1.44	1.74	-0.30
Calmar ratio Return relative to maximum drawdown	3.05	6.28	-3.23
Martin ratio Return relative to average drawdown	12.47	20.70	-8.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SFLR vs. CRDBX - Sharpe Ratio Comparison

The current SFLR Sharpe Ratio is 2.28, which is comparable to the CRDBX Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of SFLR and CRDBX, 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

	SFLR	CRDBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	3.19	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.73	1.10	+0.63

Drawdowns

SFLR vs. CRDBX - Drawdown Comparison

The maximum SFLR drawdown since its inception was -12.13%, smaller than the maximum CRDBX drawdown of -28.12%. Use the drawdown chart below to compare losses from any high point for SFLR and CRDBX.

Drawdown Indicators

	SFLR	CRDBX	Difference
Max Drawdown Largest peak-to-trough decline	-12.13%	-28.12%	+15.99%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-7.13%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	-12.13%	-17.77%	+5.64%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.12%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.75%	-6.59%	+4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	2.16%	-0.50%

Volatility

SFLR vs. CRDBX - Volatility Comparison

The current volatility for Innovator Equity Managed Floor ETF (SFLR) is 1.79%, while Potomac Defensive Bull Fund (CRDBX) has a volatility of 4.15%. This indicates that SFLR experiences smaller price fluctuations and is considered to be less risky than CRDBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFLR	CRDBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.79%	4.15%	-2.36%
Volatility (6M) Calculated over the trailing 6-month period	6.45%	10.82%	-4.37%
Volatility (1Y) Calculated over the trailing 1-year period	8.89%	14.19%	-5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.15%	19.73%	-9.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.15%	20.37%	-10.22%

SFLR vs. CRDBX - Expense Ratio Comparison

SFLR has a 0.89% expense ratio, which is lower than CRDBX's 1.24% expense ratio.

Dividends

SFLR vs. CRDBX - Dividend Comparison

SFLR's dividend yield for the trailing twelve months is around 0.32%, less than CRDBX's 12.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CRDBX Potomac Defensive Bull Fund	12.96%	15.36%	12.58%	9.91%	0.18%	25.05%	1.65%
SFLR Innovator Equity Managed Floor ETF	0.32%	0.33%	0.42%	1.16%	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFLR and CRDBX in my portfolio?

SFLR and CRDBX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFLR or CRDBX?

CRDBX has higher volatility (4.15%) compared to SFLR (1.79%). In terms of maximum drawdown, SFLR dropped -12.13% vs CRDBX's -28.12%.

Which has better risk-adjusted returns?

CRDBX currently has the higher Sharpe Ratio (3.19 vs 2.28), 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.