SFLR vs VOO
Innovator Equity Managed Floor ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | SFLR | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.03% | |
| AUM | $2.2B | $997.4B | |
| Dividend Yield | 0.28% | 1.08% | |
| Holdings | 197 | 509 | |
| YTD Return | +4.99% | +12.25% | |
| 1Y Return | +11.71% | +20.92% | |
| 3Y Return (annualized) | +14.79% | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 9.4% | 14.1% | |
| Max Drawdown | -12.1% | -34.3% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2022 | Sep 7, 2010 |
SFLR vs VOO Performance
Innovator Equity Managed Floor ETF (SFLR) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SFLR returned +11.71% while VOO returned +20.92%. Year to date, SFLR is up 4.99% versus a gain of 12.25% for VOO.
Over three years, SFLR compounded at +14.79% per year against +21.79% for VOO. Across the full 4-year window we track, SFLR has the edge at +16.08% annualized vs +13.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 9.4% 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 -12.1% for SFLR and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SFLR 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, SFLR currently yields 0.28% against 1.08% for VOO.
Holdings Overlap
SFLR and VOO share 127 holdings out of 564 unique holdings combined, representing a 65.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, SFLR or VOO?
SFLR has an expense ratio of 0.89% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, SFLR or VOO?
Over the past year SFLR returned +11.71% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), SFLR annualized +16.08% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, SFLR or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.4% for SFLR. Worst drawdown: SFLR -12.1% vs VOO -34.3%.
Should I hold both SFLR and VOO?
SFLR and VOO have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SFLR and VOO?
SFLR and VOO share 127 common holdings with a 65.8% weight overlap. Combined, they hold 564 unique securities.
Which pays a higher dividend, SFLR or VOO?
SFLR yields 0.28% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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