XBFR vs. QFLR

Last updated Jun 6, 2026

XBFR (Innovator Equity Managed 10 Buffer ETF) and QFLR (Innovator Nasdaq-100 Managed Floor ETF) are both exchange-traded funds - XBFR is a Defined Outcome fund actively managed by Innovator, while QFLR is a Nasdaq-100 fund actively managed by Innovator. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. XBFR charges 0.79%/yr vs 0.89%/yr for QFLR.

Performance

XBFR vs. QFLR - Performance Comparison

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

Returns By Period

XBFR

• 1D: -2.13%
• 1M: 1.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QFLR

• 1D: -3.63%
• 1M: -1.45%
• YTD: 2.95%
• 6M: 1.73%
• 1Y: 22.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XBFR vs. QFLR - Yearly Performance Comparison

	2026 (YTD)
XBFR Innovator Equity Managed 10 Buffer ETF	4.18%
QFLR Innovator Nasdaq-100 Managed Floor ETF	2.14%

Correlation

The correlation between XBFR and QFLR is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 25, 2026	0.89

Return for Risk

XBFR vs. QFLR — Risk / Return Rank

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

QFLR

QFLR Risk / Return Rank: 62
QFLR Sharpe Ratio Rank: 59
QFLR Sortino Ratio Rank: 55
QFLR Omega Ratio Rank: 61
QFLR Calmar Ratio Rank: 62
QFLR Martin Ratio Rank: 70

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.

XBFR vs. QFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed 10 Buffer ETF (XBFR) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XBFR	QFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	1.22	+0.74

Drawdowns

XBFR vs. QFLR - Drawdown Comparison

The maximum XBFR drawdown since its inception was -4.12%, smaller than the maximum QFLR drawdown of -13.97%. Use the drawdown chart below to compare losses from any high point for XBFR and QFLR.

Drawdown Indicators

	XBFR	QFLR	Difference
Max Drawdown Largest peak-to-trough decline	-4.12%	-13.97%	+9.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.61%	—
Current Drawdown Current decline from peak	-2.13%	-4.16%	+2.03%
Average Drawdown Average peak-to-trough decline	-1.00%	-2.50%	+1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.80%	—

Volatility

Volatility by Period

	XBFR	QFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.00%	11.87%	-3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.00%	12.83%	-4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.00%	12.83%	-4.83%

XBFR vs. QFLR - Expense Ratio Comparison

XBFR has a 0.79% expense ratio, which is lower than QFLR's 0.89% expense ratio.

Dividends

XBFR vs. QFLR - Dividend Comparison

XBFR's dividend yield for the trailing twelve months is around 0.03%, while QFLR has not paid dividends to shareholders.

Position	TTM	2025	2024
QFLR Innovator Nasdaq-100 Managed Floor ETF	0.00%	0.02%	0.03%
XBFR Innovator Equity Managed 10 Buffer ETF	0.03%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XBFR and QFLR in my portfolio?

XBFR and QFLR have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XBFR or QFLR?

On fees, XBFR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XBFR or QFLR?

XBFR is cheaper with a 0.79% expense ratio, compared with 0.89% for QFLR.

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

XBFR has the higher dividend yield at 0.03%, compared with 0.00% for QFLR.

What is the main difference between XBFR and QFLR?

XBFR is categorized as Defined Outcome, while QFLR is Nasdaq-100. Their fees differ too: 0.79% for XBFR and 0.89% for QFLR.