SFLR vs. QFLR

Last updated Jun 23, 2026

SFLR (Innovator Equity Managed Floor ETF) and QFLR (Innovator Nasdaq-100 Managed Floor ETF) are both exchange-traded funds - SFLR is a Options Trading fund actively managed by Innovator, while QFLR is a Nasdaq-100 fund actively managed by Innovator. Both are actively managed. Over the past year, SFLR returned 17.45% vs 24.99% for QFLR. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.89% expense ratio.

Performance

SFLR vs. QFLR - Performance Comparison

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

Returns By Period

In the year-to-date period, SFLR achieves a 4.46% return, which is significantly lower than QFLR's 6.21% return.

SFLR

• 1D: -0.44%
• 1M: 0.37%
• YTD: 4.46%
• 6M: 4.32%
• 1Y: 17.45%
• 3Y*: 15.18%
• 5Y*: —
• 10Y*: —

QFLR

• 1D: 0.25%
• 1M: 0.52%
• YTD: 6.21%
• 6M: 6.00%
• 1Y: 24.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFLR vs. QFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SFLR Innovator Equity Managed Floor ETF	4.46%	13.29%	17.93%
QFLR Innovator Nasdaq-100 Managed Floor ETF	6.21%	17.27%	16.30%

Correlation

The correlation between SFLR and QFLR is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.85

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

Return for Risk

SFLR vs. QFLR — Risk / Return Rank

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

SFLR

SFLR Risk / Return Rank: 55
SFLR Sharpe Ratio Rank: 55
SFLR Sortino Ratio Rank: 51
SFLR Omega Ratio Rank: 58
SFLR Calmar Ratio Rank: 53
SFLR Martin Ratio Rank: 59

QFLR

QFLR Risk / Return Rank: 65
QFLR Sharpe Ratio Rank: 63
QFLR Sortino Ratio Rank: 59
QFLR Omega Ratio Rank: 65
QFLR Calmar Ratio Rank: 68
QFLR Martin Ratio Rank: 73

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. QFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed Floor ETF (SFLR) and Innovator Nasdaq-100 Managed Floor ETF (QFLR). 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	QFLR	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.02	-0.20
Sortino ratio: Return per unit of downside risk	2.43	2.69	-0.26
Omega ratio: Gain probability vs. loss probability	1.35	1.38	-0.03
Calmar ratio: Return relative to maximum drawdown	2.58	3.30	-0.72
Martin ratio: Return relative to average drawdown	10.16	13.18	-3.02

SFLR vs. QFLR - Sharpe Ratio Comparison

The current SFLR Sharpe Ratio is 1.81, which is comparable to the QFLR Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of SFLR and QFLR, 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. QFLR - Drawdown Comparison

The maximum SFLR drawdown since its inception was -12.13%, smaller than the maximum QFLR drawdown of -13.97%. Use the drawdown chart below to compare losses from any high point for SFLR and QFLR.

Drawdown Indicators

	SFLR	QFLR	Difference
Max Drawdown Largest peak-to-trough decline	-12.13%	-13.97%	+1.84%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-7.61%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-12.13%	—	—
Current Drawdown Current decline from peak	-1.64%	-1.11%	-0.53%
Average Drawdown Average peak-to-trough decline	-1.74%	-2.50%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	1.90%	-0.18%

Volatility

SFLR vs. QFLR - Volatility Comparison

The current volatility for Innovator Equity Managed Floor ETF (SFLR) is 4.25%, while Innovator Nasdaq-100 Managed Floor ETF (QFLR) has a volatility of 5.94%. This indicates that SFLR experiences smaller price fluctuations and is considered to be less risky than QFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFLR	QFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	5.94%	-1.69%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	9.53%	-2.07%
Volatility (1Y) Calculated over the trailing 1-year period	9.68%	12.47%	-2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.31%	13.01%	-2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.31%	13.01%	-2.70%

SFLR vs. QFLR - Expense Ratio Comparison

Both SFLR and QFLR have an expense ratio of 0.89%.

Dividends

SFLR vs. QFLR - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022
QFLR Innovator Nasdaq-100 Managed Floor ETF	0.00%	0.02%	0.03%	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 QFLR in my portfolio?

SFLR and QFLR have a correlation of 0.85, 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 QFLR?

QFLR has higher volatility (5.94%) compared to SFLR (4.25%). In terms of maximum drawdown, SFLR dropped -12.13% vs QFLR's -13.97%.

Which ETF is better, SFLR or QFLR?

On 1-year performance, QFLR leads with 24.99% vs 17.45% for SFLR. Both ETFs have the same 0.89% expense ratio. On volatility, SFLR has been the lower-risk option at 4.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SFLR or QFLR?

Over the 1-year period, QFLR has performed better with a 24.99% return vs 17.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFLR or QFLR?

SFLR and QFLR have the same expense ratio: 0.89% per year.

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

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

What is the main difference between SFLR and QFLR?

SFLR is categorized as Options Trading, while QFLR is Nasdaq-100.

Which has better risk-adjusted returns?

QFLR currently has the higher Sharpe Ratio (2.02 vs 1.81), 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.