SFLR vs. ICF
SFLR (Innovator Equity Managed Floor ETF) and ICF (iShares Cohen & Steers REIT ETF) are both exchange-traded funds - SFLR is a Options Trading fund actively managed by Innovator, while ICF is a REIT fund tracking the Cohen & Steers Realty Majors Index. SFLR is actively managed, while ICF is passively managed. Over the past 3 years, SFLR returned 14.88%/yr vs 11.06%/yr for ICF. At a 0.41 correlation, their price movements are largely independent. SFLR charges 0.89%/yr vs 0.34%/yr for ICF.
Performance
SFLR vs. ICF - Performance Comparison
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Returns By Period
In the year-to-date period, SFLR achieves a 3.84% return, which is significantly lower than ICF's 16.93% return.
SFLR
- 1D
- 0.34%
- 1M
- 0.39%
- YTD
- 3.84%
- 6M
- 4.29%
- 1Y
- 16.87%
- 3Y*
- 14.88%
- 5Y*
- —
- 10Y*
- —
ICF
- 1D
- 0.96%
- 1M
- 3.62%
- YTD
- 16.93%
- 6M
- 17.09%
- 1Y
- 15.91%
- 3Y*
- 11.06%
- 5Y*
- 3.38%
- 10Y*
- 5.99%
SFLR vs. ICF - 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% |
ICF iShares Cohen & Steers REIT ETF | 16.93% | 1.85% | 5.30% | 10.36% | 2.48% |
Correlation
The correlation between SFLR and ICF is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022 | 0.41 |
Over the past year, the correlation between SFLR and ICF has dropped to 0.17 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
SFLR vs. ICF — Risk / Return Rank
SFLR
ICF
SFLR vs. ICF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed Floor ETF (SFLR) and iShares Cohen & Steers REIT ETF (ICF). 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 | ICF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 1.82 | +0.57 |
| Martin ratioReturn relative to average drawdown | 9.51 | 5.18 | +4.33 |
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Drawdowns
SFLR vs. ICF - Drawdown Comparison
The maximum SFLR drawdown since its inception was -12.13%, smaller than the maximum ICF drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for SFLR and ICF.
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Drawdown Indicators
| SFLR | ICF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.13% | -76.74% | +64.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -8.20% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -17.25% | +5.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.22% | — |
Current DrawdownCurrent decline from peak | -2.22% | 0.00% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -14.16% | +12.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.89% | -1.18% |
Volatility
SFLR vs. ICF - Volatility Comparison
The current volatility for Innovator Equity Managed Floor ETF (SFLR) is 3.81%, while iShares Cohen & Steers REIT ETF (ICF) has a volatility of 4.74%. This indicates that SFLR experiences smaller price fluctuations and is considered to be less risky than ICF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFLR | ICF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 4.74% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 10.33% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.46% | 13.94% | -4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.28% | 18.95% | -8.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.28% | 20.60% | -10.32% |
SFLR vs. ICF - Expense Ratio Comparison
SFLR has a 0.89% expense ratio, which is higher than ICF's 0.34% expense ratio.
Dividends
SFLR vs. ICF - Dividend Comparison
SFLR's dividend yield for the trailing twelve months is around 0.32%, less than ICF's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICF iShares Cohen & Steers REIT ETF | 2.38% | 2.88% | 2.66% | 2.76% | 2.64% | 1.82% | 2.38% | 2.55% | 3.20% | 3.10% | 4.21% | 3.30% |
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
SFLR and ICF have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICF has higher volatility (4.74%) compared to SFLR (3.81%). In terms of maximum drawdown, SFLR dropped -12.13% vs ICF's -76.74%.
On 3-year performance, SFLR leads with 14.88% vs 11.06% for ICF. On fees, ICF is cheaper at 0.34% per year. On volatility, SFLR has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SFLR has performed better with a 14.88% return vs 11.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICF is cheaper with a 0.34% expense ratio, compared with 0.89% for SFLR.
ICF has the higher dividend yield at 2.38%, compared with 0.32% for SFLR.
SFLR is categorized as Options Trading, while ICF is REIT. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.89% for SFLR and 0.34% for ICF.
SFLR currently has the higher Sharpe Ratio (1.72 vs 1.07), 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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