XBFR vs. SFLR

Last updated Jun 6, 2026

XBFR (Innovator Equity Managed 10 Buffer ETF) and SFLR (Innovator Equity Managed Floor ETF) are both exchange-traded funds - XBFR is a Defined Outcome fund actively managed by Innovator, while SFLR is a Options Trading fund actively managed by Innovator. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. XBFR charges 0.79%/yr vs 0.89%/yr for SFLR.

Performance

XBFR vs. SFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Managed 10 Buffer ETF (XBFR) and Innovator Equity Managed Floor ETF (SFLR). 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*: —

SFLR

• 1D: -2.45%
• 1M: 1.58%
• YTD: 3.59%
• 6M: 3.63%
• 1Y: 17.46%
• 3Y*: 15.25%
• 5Y*: —
• 10Y*: —

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

XBFR vs. SFLR - Yearly Performance Comparison

	2026 (YTD)
XBFR Innovator Equity Managed 10 Buffer ETF	4.18%
SFLR Innovator Equity Managed Floor ETF	3.54%

Correlation

The correlation between XBFR and SFLR is 0.91, 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	0.91

Return for Risk

XBFR vs. SFLR — Risk / Return Rank

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

SFLR

SFLR Risk / Return Rank: 58
SFLR Sharpe Ratio Rank: 58
SFLR Sortino Ratio Rank: 55
SFLR Omega Ratio Rank: 63
SFLR Calmar Ratio Rank: 54
SFLR Martin Ratio Rank: 61

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. SFLR - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	XBFR	SFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	1.63	+0.33

Drawdowns

XBFR vs. SFLR - Drawdown Comparison

The maximum XBFR drawdown since its inception was -4.12%, smaller than the maximum SFLR drawdown of -12.13%. Use the drawdown chart below to compare losses from any high point for XBFR and SFLR.

Drawdown Indicators

	XBFR	SFLR	Difference
Max Drawdown Largest peak-to-trough decline	-4.12%	-12.13%	+8.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.79%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.13%	—
Current Drawdown Current decline from peak	-2.13%	-2.45%	+0.32%
Average Drawdown Average peak-to-trough decline	-1.00%	-1.74%	+0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.67%	—

Volatility

Volatility by Period

	XBFR	SFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.00%	9.26%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.00%	10.23%	-2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.00%	10.23%	-2.23%

XBFR vs. SFLR - Expense Ratio Comparison

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

Dividends

XBFR vs. SFLR - Dividend Comparison

XBFR's dividend yield for the trailing twelve months is around 0.03%, less than SFLR's 0.33% yield.

Position	TTM	2025	2024	2023	2022
SFLR Innovator Equity Managed Floor ETF	0.33%	0.33%	0.42%	1.16%	0.06%
XBFR Innovator Equity Managed 10 Buffer ETF	0.03%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XBFR and SFLR in my portfolio?

With a correlation of 0.91, XBFR and SFLR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XBFR or SFLR?

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 SFLR?

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

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

SFLR has the higher dividend yield at 0.33%, compared with 0.03% for XBFR.

What is the main difference between XBFR and SFLR?

XBFR is categorized as Defined Outcome, while SFLR is Options Trading. Their fees differ too: 0.79% for XBFR and 0.89% for SFLR.