SFLR vs. USMF

Last updated Jun 23, 2026

SFLR (Innovator Equity Managed Floor ETF) and USMF (WisdomTree US Multifactor Fund) are both exchange-traded funds - SFLR is a Options Trading fund actively managed by Innovator, while USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index. SFLR is actively managed, while USMF is passively managed. Over the past 3 years, SFLR returned 15.18%/yr vs 14.55%/yr for USMF. A 0.71 correlation means they provide meaningful diversification when combined. SFLR charges 0.89%/yr vs 0.28%/yr for USMF.

Performance

SFLR vs. USMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Managed Floor ETF (SFLR) and WisdomTree US Multifactor Fund (USMF). 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 USMF's 6.43% return.

SFLR

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

USMF

• 1D: 0.68%
• 1M: 2.64%
• YTD: 6.43%
• 6M: 5.24%
• 1Y: 9.74%
• 3Y*: 14.55%
• 5Y*: 8.51%
• 10Y*: —

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

SFLR vs. USMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SFLR Innovator Equity Managed Floor ETF	4.46%	13.29%	19.99%	21.20%	0.42%
USMF WisdomTree US Multifactor Fund	6.43%	4.60%	19.65%	13.47%	0.33%

Correlation

The correlation between SFLR and USMF is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022	0.71

The correlation between SFLR and USMF shifts across timeframes, from 0.60 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SFLR vs. USMF — 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

USMF

USMF Risk / Return Rank: 27
USMF Sharpe Ratio Rank: 24
USMF Sortino Ratio Rank: 24
USMF Omega Ratio Rank: 22
USMF Calmar Ratio Rank: 31
USMF Martin Ratio Rank: 32

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. USMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed Floor ETF (SFLR) and WisdomTree US Multifactor Fund (USMF). 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	USMF	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.86	+0.96
Sortino ratio: Return per unit of downside risk	2.43	1.29	+1.14
Omega ratio: Gain probability vs. loss probability	1.35	1.15	+0.19
Calmar ratio: Return relative to maximum drawdown	2.58	1.51	+1.07
Martin ratio: Return relative to average drawdown	10.16	4.49	+5.67

SFLR vs. USMF - Sharpe Ratio Comparison

The current SFLR Sharpe Ratio is 1.81, which is higher than the USMF Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of SFLR and USMF, 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. USMF - Drawdown Comparison

The maximum SFLR drawdown since its inception was -12.13%, smaller than the maximum USMF drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for SFLR and USMF.

Drawdown Indicators

	SFLR	USMF	Difference
Max Drawdown Largest peak-to-trough decline	-12.13%	-36.24%	+24.11%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-6.47%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	-12.13%	-15.39%	+3.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.10%	—
Current Drawdown Current decline from peak	-1.64%	-0.20%	-1.44%
Average Drawdown Average peak-to-trough decline	-1.74%	-4.14%	+2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.17%	-0.45%

Volatility

SFLR vs. USMF - Volatility Comparison

The current volatility for Innovator Equity Managed Floor ETF (SFLR) is 4.25%, while WisdomTree US Multifactor Fund (USMF) has a volatility of 4.52%. This indicates that SFLR experiences smaller price fluctuations and is considered to be less risky than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFLR	USMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	4.52%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	8.34%	-0.88%
Volatility (1Y) Calculated over the trailing 1-year period	9.68%	11.43%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.31%	14.33%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.31%	16.97%	-6.66%

SFLR vs. USMF - Expense Ratio Comparison

SFLR has a 0.89% expense ratio, which is higher than USMF's 0.28% expense ratio.

Dividends

SFLR vs. USMF - Dividend Comparison

SFLR's dividend yield for the trailing twelve months is around 0.32%, less than USMF's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
USMF WisdomTree US Multifactor Fund	1.29%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%

Frequently Asked Questions

Can I hold both SFLR and USMF in my portfolio?

SFLR and USMF have a correlation of 0.60, 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 USMF?

USMF has higher volatility (4.52%) compared to SFLR (4.25%). In terms of maximum drawdown, SFLR dropped -12.13% vs USMF's -36.24%.

Which ETF is better, SFLR or USMF?

On 3-year performance, SFLR leads with 15.18% vs 14.55% for USMF. On fees, USMF is cheaper at 0.28% per year. 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 USMF?

Over the 3-year period, SFLR has performed better with a 15.18% return vs 14.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFLR or USMF?

USMF is cheaper with a 0.28% expense ratio, compared with 0.89% for SFLR.

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

USMF has the higher dividend yield at 1.29%, compared with 0.32% for SFLR.

What is the main difference between SFLR and USMF?

SFLR is categorized as Options Trading, while USMF is Mid Cap Blend Equities. They also come from different issuers: Innovator and WisdomTree. Their fees differ too: 0.89% for SFLR and 0.28% for USMF.

Which has better risk-adjusted returns?

SFLR currently has the higher Sharpe Ratio (1.81 vs 0.86), 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.