SFLR vs. NAUG

Last updated Jun 4, 2026

SFLR (Innovator Equity Managed Floor ETF) and NAUG (Innovator Growth-100 Power Buffer ETF) are both exchange-traded funds - SFLR is a Options Trading fund actively managed by Innovator, while NAUG is a Defined Outcome fund actively managed by Innovator. Both are actively managed. Over the past year, SFLR returned 19.44% vs 17.78% for NAUG. Their correlation of 0.86 suggests significant overlap in exposure. SFLR charges 0.89%/yr vs 0.79%/yr for NAUG.

Performance

SFLR vs. NAUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Managed Floor ETF (SFLR) and Innovator Growth-100 Power Buffer ETF (NAUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFLR achieves a 5.55% return, which is significantly lower than NAUG's 6.65% return.

SFLR

• 1D: -0.38%
• 1M: 5.11%
• YTD: 5.55%
• 6M: 5.78%
• 1Y: 19.44%
• 3Y*: 16.02%
• 5Y*: —
• 10Y*: —

NAUG

• 1D: -0.02%
• 1M: 1.89%
• YTD: 6.65%
• 6M: 6.97%
• 1Y: 17.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFLR vs. NAUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SFLR Innovator Equity Managed Floor ETF	5.55%	13.29%	5.77%
NAUG Innovator Growth-100 Power Buffer ETF	6.65%	14.81%	7.13%

Correlation

The correlation between SFLR and NAUG is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024	0.86

The correlation between SFLR and NAUG has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

Return for Risk

SFLR vs. NAUG — Risk / Return Rank

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

SFLR

SFLR Risk / Return Rank: 64
SFLR Sharpe Ratio Rank: 65
SFLR Sortino Ratio Rank: 63
SFLR Omega Ratio Rank: 69
SFLR Calmar Ratio Rank: 57
SFLR Martin Ratio Rank: 64

NAUG

NAUG Risk / Return Rank: 77
NAUG Sharpe Ratio Rank: 75
NAUG Sortino Ratio Rank: 77
NAUG Omega Ratio Rank: 80
NAUG Calmar Ratio Rank: 71
NAUG Martin Ratio Rank: 84

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. NAUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed Floor ETF (SFLR) and Innovator Growth-100 Power Buffer ETF (NAUG). 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	NAUG	Difference
Sharpe ratio Return per unit of total volatility	2.20	2.43	-0.23
Sortino ratio Return per unit of downside risk	2.98	3.43	-0.46
Omega ratio Gain probability vs. loss probability	1.42	1.48	-0.06
Calmar ratio Return relative to maximum drawdown	2.87	3.50	-0.62
Martin ratio Return relative to average drawdown	11.73	17.09	-5.36
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. NAUG - Sharpe Ratio Comparison

The current SFLR Sharpe Ratio is 2.20, which is comparable to the NAUG Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of SFLR and NAUG, 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	NAUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	2.43	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	1.43	+0.28

Drawdowns

SFLR vs. NAUG - Drawdown Comparison

The maximum SFLR drawdown since its inception was -12.13%, smaller than the maximum NAUG drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for SFLR and NAUG.

Drawdown Indicators

	SFLR	NAUG	Difference
Max Drawdown Largest peak-to-trough decline	-12.13%	-12.88%	+0.75%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-5.10%	-1.69%
Max Drawdown (3Y) Largest decline over 3 years	-12.13%	—	—
Current Drawdown Current decline from peak	-0.38%	-0.02%	-0.36%
Average Drawdown Average peak-to-trough decline	-1.74%	-1.20%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	1.04%	+0.62%

Volatility

SFLR vs. NAUG - Volatility Comparison

Innovator Equity Managed Floor ETF (SFLR) has a higher volatility of 1.87% compared to Innovator Growth-100 Power Buffer ETF (NAUG) at 0.63%. This indicates that SFLR's price experiences larger fluctuations and is considered to be riskier than NAUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFLR	NAUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.87%	0.63%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	6.46%	5.53%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	8.89%	7.36%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.15%	11.22%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.15%	11.22%	-1.07%

SFLR vs. NAUG - Expense Ratio Comparison

SFLR has a 0.89% expense ratio, which is higher than NAUG's 0.79% expense ratio.

Dividends

SFLR vs. NAUG - Dividend Comparison

SFLR's dividend yield for the trailing twelve months is around 0.32%, while NAUG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
NAUG Innovator Growth-100 Power Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%
SFLR Innovator Equity Managed Floor ETF	0.32%	0.33%	0.42%	1.16%	0.06%

Frequently Asked Questions

Can I hold both SFLR and NAUG in my portfolio?

SFLR and NAUG have a correlation of 0.83, 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 NAUG?

SFLR has higher volatility (1.87%) compared to NAUG (0.63%). In terms of maximum drawdown, SFLR dropped -12.13% vs NAUG's -12.88%.

Which ETF is better, SFLR or NAUG?

On 1-year performance, SFLR leads with 19.44% vs 17.78% for NAUG. On fees, NAUG is cheaper at 0.79% per year. On volatility, NAUG has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SFLR or NAUG?

Over the 1-year period, SFLR has performed better with a 19.44% return vs 17.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFLR or NAUG?

NAUG is cheaper with a 0.79% expense ratio, compared with 0.89% for SFLR.

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

SFLR has the higher dividend yield at 0.32%, compared with 0.00% for NAUG.

What is the main difference between SFLR and NAUG?

SFLR is categorized as Options Trading, while NAUG is Defined Outcome. Their fees differ too: 0.89% for SFLR and 0.79% for NAUG.

Which has better risk-adjusted returns?

NAUG currently has the higher Sharpe Ratio (2.43 vs 2.20), 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.