SFLR vs. QUAL
SFLR (Innovator Equity Managed Floor ETF) and QUAL (iShares MSCI USA Quality Factor ETF) are both exchange-traded funds - SFLR is a Options Trading fund actively managed by Innovator, while QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. SFLR is actively managed, while QUAL is passively managed. Over the past 3 years, SFLR returned 14.88%/yr vs 19.30%/yr for QUAL. Their correlation of 0.89 suggests significant overlap in exposure. SFLR charges 0.89%/yr vs 0.15%/yr for QUAL.
Performance
SFLR vs. QUAL - 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 QUAL's 9.44% return.
SFLR
- 1D
- 0.34%
- 1M
- 0.39%
- YTD
- 3.84%
- 6M
- 4.29%
- 1Y
- 16.87%
- 3Y*
- 14.88%
- 5Y*
- —
- 10Y*
- —
QUAL
- 1D
- 0.47%
- 1M
- 2.14%
- YTD
- 9.44%
- 6M
- 9.29%
- 1Y
- 22.87%
- 3Y*
- 19.30%
- 5Y*
- 11.97%
- 10Y*
- 14.46%
SFLR vs. QUAL - 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% |
QUAL iShares MSCI USA Quality Factor ETF | 9.44% | 12.65% | 22.29% | 30.88% | 2.10% |
Correlation
The correlation between SFLR and QUAL 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 (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022 | 0.89 |
The correlation between SFLR and QUAL has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
SFLR vs. QUAL — Risk / Return Rank
SFLR
QUAL
SFLR vs. QUAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed Floor ETF (SFLR) and iShares MSCI USA Quality Factor ETF (QUAL). 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 | QUAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.32 | +0.08 |
| Martin ratioReturn relative to average drawdown | 9.51 | 10.60 | -1.09 |
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Drawdowns
SFLR vs. QUAL - Drawdown Comparison
The maximum SFLR drawdown since its inception was -12.13%, smaller than the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for SFLR and QUAL.
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Drawdown Indicators
| SFLR | QUAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.13% | -34.06% | +21.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -9.03% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -18.00% | +5.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.06% | — |
Current DrawdownCurrent decline from peak | -2.22% | -0.19% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -4.10% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.99% | -0.28% |
Volatility
SFLR vs. QUAL - Volatility Comparison
Innovator Equity Managed Floor ETF (SFLR) and iShares MSCI USA Quality Factor ETF (QUAL) have volatilities of 3.81% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFLR | QUAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.63% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 9.43% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.46% | 12.10% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.28% | 17.36% | -7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.28% | 18.11% | -7.83% |
SFLR vs. QUAL - Expense Ratio Comparison
SFLR has a 0.89% expense ratio, which is higher than QUAL's 0.15% expense ratio.
Dividends
SFLR vs. QUAL - Dividend Comparison
SFLR's dividend yield for the trailing twelve months is around 0.32%, less than QUAL's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QUAL iShares MSCI USA Quality Factor ETF | 0.87% | 0.94% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% |
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 QUAL 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.
SFLR has higher volatility (3.81%) compared to QUAL (3.63%). In terms of maximum drawdown, SFLR dropped -12.13% vs QUAL's -34.06%.
On 3-year performance, QUAL leads with 19.30% vs 14.88% for SFLR. On fees, QUAL is cheaper at 0.15% per year. On volatility, QUAL has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QUAL has performed better with a 19.30% return vs 14.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QUAL is cheaper with a 0.15% expense ratio, compared with 0.89% for SFLR.
QUAL has the higher dividend yield at 0.87%, compared with 0.32% for SFLR.
SFLR is categorized as Options Trading, while QUAL is Large Cap Blend Equities. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.89% for SFLR and 0.15% for QUAL.
QUAL currently has the higher Sharpe Ratio (1.74 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.
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