SFLR vs. IVV
SFLR (Innovator Equity Managed Floor ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - SFLR is a Options Trading fund actively managed by Innovator, while IVV is a S&P 500 fund tracking the S&P 500 Index. SFLR is actively managed, while IVV is passively managed. Over the past 3 years, SFLR returned 13.20%/yr vs 19.40%/yr for IVV. Their correlation of 0.92 means they have usually moved in the same direction. SFLR charges 0.89%/yr vs 0.03%/yr for IVV.
Performance
SFLR vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, SFLR achieves a 4.20% return, which is significantly lower than IVV's 10.13% return.
SFLR
- 1D
- 0.39%
- 1M
- -0.65%
- 6M
- 3.61%
- YTD
- 4.20%
- 1Y
- 13.26%
- 3Y*
- 13.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.75%
IVV
- 1D
- 0.69%
- 1M
- 0.25%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.55%
- 3Y*
- 19.40%
- 5Y*
- 12.82%
- 10Y*
- 15.11%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36B | $3.31B | $5.91B | |
| $6.54M | $8.39M | $12.78M |
SFLR vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SFLR Innovator Equity Managed Floor ETF | 4.20% | 13.29% | 19.99% | 21.20% | 0.42% |
IVV iShares Core S&P 500 ETF | 10.13% | 17.85% | 24.93% | 26.31% | 0.59% |
Correlation
The correlation between SFLR and IVV is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022 | 0.92 |
The correlation between SFLR and IVV has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
SFLR vs. IVV — Risk / Return Rank
SFLR
IVV
SFLR vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed Floor ETF (SFLR) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.21 | -0.46 |
| Martin ratioReturn relative to average drawdown | 6.53 | 9.43 | -2.90 |
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Drawdowns
SFLR vs. IVV - Drawdown Comparison
The maximum SFLR drawdown since its inception was -12.13%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SFLR and IVV.
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Drawdown Indicators
| SFLR | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.13% | -55.25% | +43.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -8.89% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -18.75% | +6.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -1.89% | -1.41% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -10.72% | +8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.09% | -0.26% |
Volatility
SFLR vs. IVV - Volatility Comparison
The current volatility for Innovator Equity Managed Floor ETF (SFLR) is 2.50%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.52%. This indicates that SFLR experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFLR | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 3.52% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 10.18% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.93% | 12.89% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.27% | 17.01% | -6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.27% | 18.06% | -7.79% |
SFLR vs. IVV - Expense Ratio Comparison
SFLR has a 0.89% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
SFLR vs. IVV - Dividend Comparison
SFLR's dividend yield for the trailing twelve months is around 0.28%, less than IVV's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
SFLR Innovator Equity Managed Floor ETF | 0.28% | 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
With a correlation of 0.92, SFLR and IVV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IVV has higher volatility (3.52%) compared to SFLR (2.50%). In terms of maximum drawdown, SFLR dropped -12.13% vs IVV's -55.25%.
On 3-year performance, IVV leads with 19.40% vs 13.20% for SFLR. On fees, IVV is cheaper at 0.03% per year. On volatility, SFLR has been the lower-risk option at 2.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IVV has performed better with a 19.40% return vs 13.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.89% for SFLR.
IVV has the higher dividend yield at 1.09%, compared with 0.28% for SFLR.
SFLR is categorized as Options Trading, while IVV is S&P 500. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.89% for SFLR and 0.03% for IVV.
IVV currently has the higher Sharpe Ratio (1.53 vs 1.20), 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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