XTJL vs. SFLR

Last updated Aug 2, 2026

XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) and SFLR (Innovator Equity Managed Floor ETF) are both exchange-traded funds - XTJL is a Leveraged Equities fund actively managed by Innovator, while SFLR is a Options Trading fund actively managed by Innovator. Both are actively managed. Over the past 3 years, XTJL returned 13.98%/yr vs 13.20%/yr for SFLR. Their correlation of 0.87 means they have usually moved in the same direction. XTJL charges 0.79%/yr vs 0.89%/yr for SFLR.

Performance

XTJL vs. SFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) and Innovator Equity Managed Floor ETF (SFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTJL achieves a 6.32% return, which is significantly higher than SFLR's 4.20% return.

XTJL

• 1D: 0.76%
• 1M: 0.96%
• 6M: 5.49%
• YTD: 6.32%
• 1Y: 14.27%
• 3Y*: 13.98%
• 5Y*: 9.55%
• 10Y*: —
• ALL TIME*: 9.76%

SFLR

• 1D: 0.39%
• 1M: -0.65%
• 6M: 3.61%
• YTD: 4.20%
• 1Y: 13.26%
• 3Y*: 13.20%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SFLR Innovator Equity Managed Floor ETF	$6.54M	$8.39M	$12.78M
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	$26.11K	$26.81K	$267.40K

XTJL vs. SFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	6.32%	15.42%	14.43%	25.72%	2.13%
SFLR Innovator Equity Managed Floor ETF	4.20%	13.29%	19.99%	21.20%	0.42%

Correlation

The correlation between XTJL and SFLR is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022	0.87

The correlation between XTJL and SFLR has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

XTJL vs. SFLR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XTJL

XTJL Risk / Return Rank: 79
XTJL Sharpe Ratio Rank: 74
XTJL Sortino Ratio Rank: 77
XTJL Omega Ratio Rank: 84
XTJL Calmar Ratio Rank: 73
XTJL Martin Ratio Rank: 89

SFLR

SFLR Risk / Return Rank: 50
SFLR Sharpe Ratio Rank: 49
SFLR Sortino Ratio Rank: 45
SFLR Omega Ratio Rank: 50
SFLR Calmar Ratio Rank: 49
SFLR Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XTJL vs. SFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) 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.

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.

	XTJL	SFLR	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.20	+0.48
Sortino ratio: Return per unit of downside risk	2.48	1.65	+0.83
Omega ratio: Gain probability vs. loss probability	1.36	1.23	+0.13
Calmar ratio: Return relative to maximum drawdown	2.55	1.76	+0.80
Martin ratio: Return relative to average drawdown	14.07	6.53	+7.54

XTJL vs. SFLR - Sharpe Ratio Comparison

The current XTJL Sharpe Ratio is 1.68, which is higher than the SFLR Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of XTJL and SFLR, 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

XTJL vs. SFLR - Drawdown Comparison

The maximum XTJL drawdown since its inception was -23.24%, which is greater than SFLR's maximum drawdown of -12.13%. Use the drawdown chart below to compare losses from any high point for XTJL and SFLR.

Drawdown Indicators

	XTJL	SFLR	Difference
Max Drawdown Largest peak-to-trough decline	-23.24%	-12.13%	-11.11%
Max Drawdown (1Y) Largest decline over 1 year	-5.12%	-6.79%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-16.70%	-12.13%	-4.57%
Max Drawdown (5Y) Largest decline over 5 years	-23.24%	—	—
Current Drawdown Current decline from peak	-0.09%	-1.89%	+1.80%
Average Drawdown Average peak-to-trough decline	-3.92%	-1.74%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	1.83%	-0.90%

Volatility

XTJL vs. SFLR - Volatility Comparison

Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) has a higher volatility of 2.90% compared to Innovator Equity Managed Floor ETF (SFLR) at 2.50%. This indicates that XTJL's price experiences larger fluctuations and is considered to be riskier than SFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTJL	SFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	2.50%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	6.12%	7.55%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	7.79%	9.93%	-2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	10.27%	+4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.03%	10.27%	+4.76%

XTJL vs. SFLR - Expense Ratio Comparison

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

Dividends

XTJL vs. SFLR - Dividend Comparison

XTJL has not paid dividends to shareholders, while SFLR's dividend yield for the trailing twelve months is around 0.28%.

Position	TTM	2025	2024	2023	2022
SFLR Innovator Equity Managed Floor ETF	0.28%	0.33%	0.42%	1.16%	0.06%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XTJL and SFLR in my portfolio?

XTJL and SFLR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTJL or SFLR?

XTJL has higher volatility (2.90%) compared to SFLR (2.50%). In terms of maximum drawdown, XTJL dropped -23.24% vs SFLR's -12.13%.

Which ETF is better, XTJL or SFLR?

On 3-year performance, XTJL leads with 13.98% vs 13.20% for SFLR. On fees, XTJL is cheaper at 0.79% per year. On volatility, SFLR has been the lower-risk option at 2.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTJL or SFLR?

Over the 3-year period, XTJL has performed better with a 13.98% return vs 13.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTJL or SFLR?

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

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

SFLR has the higher dividend yield at 0.28%, compared with 0.00% for XTJL.

What is the main difference between XTJL and SFLR?

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

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (1.68 vs 1.20), 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.