SFLR vs. DGRW

Last updated Jun 14, 2026

SFLR (Innovator Equity Managed Floor ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - SFLR is a Options Trading fund actively managed by Innovator, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. SFLR is actively managed, while DGRW is passively managed. Over the past 3 years, SFLR returned 14.88%/yr vs 15.58%/yr for DGRW. Their correlation of 0.85 suggests significant overlap in exposure. SFLR charges 0.89%/yr vs 0.28%/yr for DGRW.

Performance

SFLR vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Managed Floor ETF (SFLR) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFLR achieves a 3.84% return, which is significantly lower than DGRW's 7.88% return.

SFLR

• 1D: 0.34%
• 1M: 0.39%
• YTD: 3.84%
• 6M: 4.29%
• 1Y: 16.87%
• 3Y*: 14.88%
• 5Y*: —
• 10Y*: —

DGRW

• 1D: 0.50%
• 1M: -0.55%
• YTD: 7.88%
• 6M: 7.92%
• 1Y: 18.88%
• 3Y*: 15.58%
• 5Y*: 11.95%
• 10Y*: 14.13%

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

SFLR vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SFLR Innovator Equity Managed Floor ETF	3.84%	13.29%	19.99%	21.20%	0.42%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	7.88%	12.17%	16.98%	18.66%	1.16%

Correlation

The correlation between SFLR and DGRW is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022	0.85

The correlation between SFLR and DGRW has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

Return for Risk

SFLR vs. DGRW — Risk / Return Rank

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

SFLR

SFLR Risk / Return Rank: 58
SFLR Sharpe Ratio Rank: 59
SFLR Sortino Ratio Rank: 54
SFLR Omega Ratio Rank: 62
SFLR Calmar Ratio Rank: 55
SFLR Martin Ratio Rank: 61

DGRW

DGRW Risk / Return Rank: 59
DGRW Sharpe Ratio Rank: 60
DGRW Sortino Ratio Rank: 63
DGRW Omega Ratio Rank: 62
DGRW Calmar Ratio Rank: 49
DGRW Martin Ratio Rank: 60

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. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed Floor ETF (SFLR) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.

	SFLR	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.76	-0.04
Sortino ratio: Return per unit of downside risk	2.29	2.53	-0.23
Omega ratio: Gain probability vs. loss probability	1.33	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	2.40	2.15	+0.25
Martin ratio: Return relative to average drawdown	9.51	9.28	+0.23

SFLR vs. DGRW - Sharpe Ratio Comparison

The current SFLR Sharpe Ratio is 1.72, which is comparable to the DGRW Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of SFLR and DGRW, 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

SFLR vs. DGRW - Drawdown Comparison

The maximum SFLR drawdown since its inception was -12.13%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for SFLR and DGRW.

Drawdown Indicators

	SFLR	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-12.13%	-32.04%	+19.91%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-8.30%	+1.51%
Max Drawdown (3Y) Largest decline over 3 years	-12.13%	-16.21%	+4.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.04%	—
Current Drawdown Current decline from peak	-2.22%	-1.93%	-0.29%
Average Drawdown Average peak-to-trough decline	-1.75%	-3.01%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	1.92%	-0.21%

Volatility

SFLR vs. DGRW - Volatility Comparison

Innovator Equity Managed Floor ETF (SFLR) has a higher volatility of 3.81% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.41%. This indicates that SFLR's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFLR	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	3.41%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	7.29%	8.04%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	9.46%	10.16%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.28%	14.01%	-3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.28%	16.23%	-5.95%

SFLR vs. DGRW - Expense Ratio Comparison

SFLR has a 0.89% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

SFLR vs. DGRW - Dividend Comparison

SFLR's dividend yield for the trailing twelve months is around 0.32%, less than DGRW's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.28%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
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

Can I hold both SFLR and DGRW in my portfolio?

SFLR and DGRW have a correlation of 0.82, 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 DGRW?

SFLR has higher volatility (3.81%) compared to DGRW (3.41%). In terms of maximum drawdown, SFLR dropped -12.13% vs DGRW's -32.04%.

Which ETF is better, SFLR or DGRW?

On 3-year performance, DGRW leads with 15.58% vs 14.88% for SFLR. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SFLR or DGRW?

Over the 3-year period, DGRW has performed better with a 15.58% return vs 14.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFLR or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.89% for SFLR.

Which ETF pays a higher dividend yield, SFLR or DGRW?

DGRW has the higher dividend yield at 1.28%, compared with 0.32% for SFLR.

What is the main difference between SFLR and DGRW?

SFLR is categorized as Options Trading, while DGRW is Dividend. They also come from different issuers: Innovator and WisdomTree. Their fees differ too: 0.89% for SFLR and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (1.76 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.