QFLR vs VOO
Innovator Nasdaq-100 Managed Floor ETF vs Vanguard S&P 500 ETF
Which is better, QFLR or VOO?
Option Writing against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 52.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QFLR | VOO |
|---|---|---|
| Expense Ratio | 0.89% | 0.03%Best |
| AUM | $502M | $997.4B |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 96 | 509 |
| YTD Return | +3.13% | +12.50%Best |
| 1Y Return | +8.79% | +17.58%Best |
| 3Y Return (annualized) | - | +21.27% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 10.3%Best | 12.0% |
| Max Drawdown | -14.0%Best | -18.7% |
| $10,000 over 2.6 years | $14,046 | $16,079Best |
| Top 10 Weight | 52.4% | 36.4%Best |
| Fund Family | Innovator ETFs Trust | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Jan 22, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Jan 25, 2024 to Sep 11, 2026 (2.6 years).
QFLR vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
QFLR vs VOO Performance
Innovator Nasdaq-100 Managed Floor ETF (QFLR) is an ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year QFLR returned +8.79% while VOO returned +17.58%. Year to date, QFLR is up 3.13% versus a gain of 12.50% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 10.3% for QFLR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.0% for QFLR and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QFLR charges 0.89% per year while VOO charges 0.03%. On a $10,000 position that is $89 vs $3 annually, a gap of $86 per year that compounds over a long holding period. On income, QFLR currently yields 0.00% against 1.04% for VOO.
Holdings Overlap
92.3% of QFLR's money is in holdings VOO also owns. 44.4% of VOO's money is in holdings QFLR also owns.
Most of QFLR is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 63 days apart, QFLR as of Sep 1, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
41 positions in common, counted across the 47 positions we hold weights for in QFLR and 505 in VOO, against full books of 96 and 509.
What only one of them owns
Our book lists 455 positions for VOO that do not appear in our book for QFLR (55.1% of the fund), and 3 for QFLR that do not appear in VOO (2.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QFLR | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.07% | 7.51% | 1.56% |
| AAPLApple, Inc | 8.08% | 6.59% | 1.49% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.81% | 4.30% | 2.51% |
| AMZNAmazon.Com Inc | 4.95% | 3.62% | 1.33% |
| GOOGLAlphabet A Usd 0.001 | 3.71% | 3.25% | 0.46% |
| MUMicron Technology, Inc. | 4.89% | 2.02% | 2.87% |
| GOOGAlphabet Inc | 3.51% | 2.59% | 0.92% |
| AVGOBroadcom Inc | 3.32% | 2.77% | 0.55% |
| AMDAdvanced Micro Devices Inc. | 3.99% | 1.47% | 2.52% |
| METAMeta Platforms, Inc. | 3.18% | 1.92% | 1.26% |
92.3% of QFLR is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QFLR or VOO?
QFLR has an expense ratio of 0.89% while VOO charges 0.03%. VOO is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, QFLR or VOO?
Over the past year QFLR returned +8.79% vs +17.58% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QFLR or VOO?
VOO has been the more volatile fund at 12.0% annualized versus 10.3% for QFLR. Worst drawdown: QFLR -14.0% vs VOO -18.7%.
Should I hold both QFLR and VOO?
QFLR and VOO have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QFLR and VOO?
92.3% of QFLR's money is in holdings VOO also owns. 44.4% of VOO's is in holdings QFLR also owns. They hold 41 positions in common, counted across the 47 positions we hold weights for in QFLR and 505 in VOO.
Which pays a higher dividend, QFLR or VOO?
QFLR yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than QFLR?
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 52.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.