QQQ vs SFLR
Invesco QQQ Trust, Series 1 vs Innovator Equity Managed Floor ETF
Which is better, QQQ or SFLR?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. SFLR is less concentrated, with 38.9% of the fund in its ten largest positions against 46.5%.
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 | QQQ | SFLR |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.89% |
| AUM | $483.5B | $2.1B |
| Dividend Yield | 0.44% | 0.28% |
| Holdings | 107 | 392 |
| YTD Return | +15.94%Best | +5.08% |
| 1Y Return | +20.44%Best | +8.81% |
| 3Y Return (annualized) | +24.86%Best | +14.24% |
| 5Y Return (annualized) | +14.26% | - |
| Volatility (annualized) | 18.3% | 9.3%Best |
| Max Drawdown | -22.8% | -12.1%Best |
| $10,000 over 3.8 years | $27,212Best | $17,462 |
| Top 10 Weight | 46.5% | 38.9%Best |
| Fund Family | Invesco (US) | Innovator ETFs Trust |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Nov 8, 2022 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Nov 9, 2022 to Sep 14, 2026 (3.8 years).
QQQ vs SFLR 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 3.8 years both funds cover.
QQQ vs SFLR Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and Innovator Equity Managed Floor ETF (SFLR) is an ETF from Innovator ETFs Trust. Over the past year QQQ returned +20.44% while SFLR returned +8.81%. Year to date, QQQ is up 15.94% versus a gain of 5.08% for SFLR.
Over three years, QQQ compounded at +24.86% per year against +14.24% for SFLR. Across the full 4-year window we track, QQQ has the edge at +30.14% annualized vs +15.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 9.3% for SFLR. 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 -22.8% for QQQ and -12.1% for SFLR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while SFLR charges 0.89%. On a $10,000 position that is $18 vs $89 annually, a gap of $71 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.28% for SFLR.
Holdings Overlap
72.9% of QQQ's money is in holdings SFLR also owns. 51.9% of SFLR's money is in holdings QQQ also owns.
Most of QQQ is already inside SFLR. Owning both mostly buys the same companies twice.
37 positions in common, counted across the 102 positions we hold weights for in QQQ and 183 in SFLR, against full books of 107 and 392.
What only one of them owns
Our book lists 141 positions for SFLR that do not appear in our book for QQQ (45.3% of the fund), and 59 for QQQ that do not appear in SFLR (24.6%).
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 QQQ | Weight in SFLR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 8.19% | 0.25% |
| AAPLApple, Inc | 7.27% | 7.33% | 0.06% |
| MSFTMicrosoft Corp | 5.76% | 5.53% | 0.23% |
| AMZNAmazon.Com Inc | 4.67% | 3.92% | 0.75% |
| GOOGLAlphabet Inc,class A | 3.36% | 3.08% | 0.28% |
| MUMicron Technology, Inc. | 4.43% | 1.94% | 2.49% |
| AVGOBroadcom Inc | 3.16% | 2.66% | 0.50% |
| GOOGAlphabet Inc | 3.13% | 2.63% | 0.50% |
| AMDAdvanced Micro Devices Inc | 3.45% | 1.36% | 2.09% |
| METAMeta Platforms Inc | 2.78% | 1.91% | 0.87% |
72.9% of QQQ is already inside SFLR.
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, QQQ or SFLR?
QQQ has an expense ratio of 0.18% while SFLR charges 0.89%. QQQ is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, QQQ or SFLR?
Over the past year QQQ returned +20.44% vs +8.81% for SFLR, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), QQQ annualized +30.14% vs +15.80% for SFLR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or SFLR?
QQQ has been the more volatile fund at 18.3% annualized versus 9.3% for SFLR. Worst drawdown: QQQ -22.8% vs SFLR -12.1%.
Should I hold both QQQ and SFLR?
QQQ and SFLR have a monthly-return correlation of 0.88, 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 QQQ and SFLR?
72.9% of QQQ's money is in holdings SFLR also owns. 51.9% of SFLR's is in holdings QQQ also owns. They hold 37 positions in common, counted across the 102 positions we hold weights for in QQQ and 183 in SFLR.
Which pays a higher dividend, QQQ or SFLR?
QQQ yields 0.44% while SFLR yields 0.28%, so QQQ currently pays the higher dividend yield.
Is SFLR better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. SFLR is less concentrated, with 38.9% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.