UDEC vs. SFLR
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) and Innovator Equity Managed Floor ETF (SFLR).
UDEC and SFLR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UDEC is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Nov 29, 2019. SFLR is an actively managed fund by Innovator. It was launched on Nov 8, 2022.
Performance
UDEC vs. SFLR - Performance Comparison
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UDEC vs. SFLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDEC Innovator U.S. Equity Ultra Buffer ETF - December | -1.61% | 12.97% | 9.52% | 16.80% | -2.21% |
SFLR Innovator Equity Managed Floor ETF | -3.03% | 13.29% | 19.99% | 21.20% | 1.38% |
Returns By Period
In the year-to-date period, UDEC achieves a -1.61% return, which is significantly higher than SFLR's -3.03% return.
UDEC
- 1D
- 0.41%
- 1M
- -2.08%
- YTD
- -1.61%
- 6M
- 1.40%
- 1Y
- 13.67%
- 3Y*
- 11.01%
- 5Y*
- 6.10%
- 10Y*
- —
SFLR
- 1D
- 0.85%
- 1M
- -3.06%
- YTD
- -3.03%
- 6M
- -0.93%
- 1Y
- 14.17%
- 3Y*
- 14.51%
- 5Y*
- —
- 10Y*
- —
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UDEC vs. SFLR - Expense Ratio Comparison
UDEC has a 0.79% expense ratio, which is lower than SFLR's 0.89% expense ratio.
Return for Risk
UDEC vs. SFLR — Risk / Return Rank
UDEC
SFLR
UDEC vs. SFLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) and Innovator Equity Managed Floor ETF (SFLR). 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.
| UDEC | SFLR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 1.31 | +0.26 |
Sortino ratioReturn per unit of downside risk | 2.28 | 1.82 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.09 | +0.66 |
Martin ratioReturn relative to average drawdown | 11.92 | 8.18 | +3.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UDEC | SFLR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.31 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.49 | -0.70 |
Correlation
The correlation between UDEC and SFLR is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
UDEC vs. SFLR - Dividend Comparison
UDEC has not paid dividends to shareholders, while SFLR's dividend yield for the trailing twelve months is around 0.35%.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDEC Innovator U.S. Equity Ultra Buffer ETF - December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SFLR Innovator Equity Managed Floor ETF | 0.35% | 0.33% | 0.42% | 1.16% | 0.06% |
Drawdowns
UDEC vs. SFLR - Drawdown Comparison
The maximum UDEC drawdown since its inception was -13.37%, which is greater than SFLR's maximum drawdown of -12.13%. Use the drawdown chart below to compare losses from any high point for UDEC and SFLR.
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Drawdown Indicators
| UDEC | SFLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.37% | -12.13% | -1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.99% | -6.79% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -10.26% | — | — |
Current DrawdownCurrent decline from peak | -2.72% | -4.43% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -1.76% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.73% | -0.58% |
Volatility
UDEC vs. SFLR - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - December (UDEC) is 2.58%, while Innovator Equity Managed Floor ETF (SFLR) has a volatility of 3.79%. This indicates that UDEC experiences smaller price fluctuations and is considered to be less risky than SFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDEC | SFLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 3.79% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 5.16% | 7.45% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.75% | 10.85% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.14% | 10.30% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 10.30% | -2.22% |