SFLR vs. XDQQ

Last updated Jun 4, 2026

SFLR (Innovator Equity Managed Floor ETF) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both exchange-traded funds - SFLR is a Options Trading fund actively managed by Innovator, while XDQQ is a Leveraged Equities fund actively managed by Innovator. Both are actively managed. Over the past 3 years, SFLR returned 16.02%/yr vs 17.94%/yr for XDQQ. Their correlation of 0.83 suggests significant overlap in exposure. SFLR charges 0.89%/yr vs 0.79%/yr for XDQQ.

Performance

SFLR vs. XDQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Managed Floor ETF (SFLR) and Innovator Growth Accelerated ETF - Quarterly (XDQQ). 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 higher than XDQQ's 2.58% return.

SFLR

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

XDQQ

• 1D: -0.05%
• 1M: 1.36%
• YTD: 2.58%
• 6M: 2.48%
• 1Y: 17.06%
• 3Y*: 17.94%
• 5Y*: 8.32%
• 10Y*: —

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

SFLR vs. XDQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SFLR Innovator Equity Managed Floor ETF	5.55%	13.29%	19.99%	21.20%	1.38%
XDQQ Innovator Growth Accelerated ETF - Quarterly	2.58%	13.75%	31.47%	30.15%	0.07%

Correlation

The correlation between SFLR and XDQQ is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022	0.83

The correlation between SFLR and XDQQ has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

SFLR vs. XDQQ - Sectors Allocation Comparison

Sectors	SFLR	XDQQ
Technology	35.5%	50.7%
Communication Services	11.7%	15.8%
Financial Services	11.3%	0.2%
Consumer Cyclical	10.0%	12.5%
Healthcare	8.5%	5.1%
Industrials	8.4%	3.3%
Consumer Defensive	4.8%	8.7%
Energy	3.7%	0.7%
Utilities	2.5%	1.6%
Basic Materials	2.1%	1.3%
Real Estate	1.6%	0.1%

Return for Risk

SFLR vs. XDQQ — 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

XDQQ

XDQQ Risk / Return Rank: 35
XDQQ Sharpe Ratio Rank: 34
XDQQ Sortino Ratio Rank: 31
XDQQ Omega Ratio Rank: 39
XDQQ Calmar Ratio Rank: 30
XDQQ Martin Ratio Rank: 41

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. XDQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed Floor ETF (SFLR) and Innovator Growth Accelerated ETF - Quarterly (XDQQ). 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	XDQQ	Difference
Sharpe ratio Return per unit of total volatility	2.20	1.24	+0.95
Sortino ratio Return per unit of downside risk	2.98	1.70	+1.27
Omega ratio Gain probability vs. loss probability	1.42	1.26	+0.17
Calmar ratio Return relative to maximum drawdown	2.87	1.45	+1.43
Martin ratio Return relative to average drawdown	11.73	6.57	+5.16
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. XDQQ - Sharpe Ratio Comparison

The current SFLR Sharpe Ratio is 2.20, which is higher than the XDQQ Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of SFLR and XDQQ, 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	XDQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	1.24	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	0.46	+1.25

Drawdowns

SFLR vs. XDQQ - Drawdown Comparison

The maximum SFLR drawdown since its inception was -12.13%, smaller than the maximum XDQQ drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for SFLR and XDQQ.

Drawdown Indicators

	SFLR	XDQQ	Difference
Max Drawdown Largest peak-to-trough decline	-12.13%	-35.63%	+23.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-11.84%	+5.05%
Max Drawdown (3Y) Largest decline over 3 years	-12.13%	-23.17%	+11.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.63%	—
Current Drawdown Current decline from peak	-0.38%	-0.05%	-0.33%
Average Drawdown Average peak-to-trough decline	-1.74%	-10.84%	+9.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	2.60%	-0.94%

Volatility

SFLR vs. XDQQ - Volatility Comparison

Innovator Equity Managed Floor ETF (SFLR) has a higher volatility of 1.87% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 0.40%. This indicates that SFLR's price experiences larger fluctuations and is considered to be riskier than XDQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFLR	XDQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.87%	0.40%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	6.46%	11.13%	-4.67%
Volatility (1Y) Calculated over the trailing 1-year period	8.89%	13.81%	-4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.15%	19.81%	-9.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.15%	19.66%	-9.51%

SFLR vs. XDQQ - Expense Ratio Comparison

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

Dividends

SFLR vs. XDQQ - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022
SFLR Innovator Equity Managed Floor ETF	0.32%	0.33%	0.42%	1.16%	0.06%
XDQQ Innovator Growth Accelerated ETF - Quarterly	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFLR and XDQQ in my portfolio?

SFLR and XDQQ have a correlation of 0.79, 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 XDQQ?

SFLR has higher volatility (1.87%) compared to XDQQ (0.40%). In terms of maximum drawdown, SFLR dropped -12.13% vs XDQQ's -35.63%.

Which ETF is better, SFLR or XDQQ?

On 3-year performance, XDQQ leads with 17.94% vs 16.02% for SFLR. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SFLR or XDQQ?

Over the 3-year period, XDQQ has performed better with a 17.94% return vs 16.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFLR or XDQQ?

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

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

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

What is the main difference between SFLR and XDQQ?

SFLR is categorized as Options Trading, while XDQQ is Leveraged Equities. Their fees differ too: 0.89% for SFLR and 0.79% for XDQQ.

Which has better risk-adjusted returns?

SFLR currently has the higher Sharpe Ratio (2.20 vs 1.24), 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.