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Launched · SEC filings

Innovator Nasdaq-100 Managed Floor ETF

QFLRNYSE ArcaInnovatorC

$33.19−1.38 (−3.99%)

At close: Nov 5, 2026, 4:00 PM ET

C44/ 100

Rank 3 of 6 in Managed Floor

C44/100Rank 3 of 6inManaged Floor
Intraday session: down, 79 prints from 34.57 to 33.19. Range 33.19 to 34.32. Use the arrow keys to read each point.33.5033.7534.0034.2510 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$493M
1Y total return
−3.6%
Yield · Last 12 months
0.00%
Holdings
50
Avg volume · 30D
63.5K sh
52W range
low $32.38high $38.79
Launched
Filings
SEC EDGAR

The ETF.net QFLR Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
Managed Floor⁠
Rank
3 of 6
Six-pillar profile for QFLR. Scores out of 100: Cost 24, Risk 38, Mission not scored, Tradability 76, Holdings 50, Durability 78. Strongest: Durability (78). Weakest: Cost (24). Based on 5 of 6 pillars.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F24 out of 100
    Rank 4 of 6

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D38 out of 100
    Rank 4 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A76 out of 100
    Rank 2 of 6

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C50 out of 100
    Rank 3 of 3

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A78 out of 100
    Rank 2 of 6

Our read on QFLR

ETF.net Research

In short

CMost Nasdaq-100 downside plays lock you into a 12-month outcome period with a reset date. QFLR skips the calendar: about 50 large-cap stocks with a ladder of put options underneath, run by a manager rather than a fixed series.

Stated mandate

The Fund seeks capital appreciation through participation in U.S. large-capitalization companies represented by the Nasdaq-100 Index while limiting potential maximum losses. It uses a hedging strategy with laddered put options and short-dated call sales.

Why people hold it

  • The hedge rides a ladder of puts instead of a single 12-month outcome period, so there is no reset date to time and no waiting for the next series to open.
  • It owns roughly 50 U.S. large caps directly rather than options on another fund, with the put ladder and call writing layered on top.
  • For a niche hedged strategy, it changes hands easily: one of the smoother names in this corner of the market to get in and out of.

Worth knowing

  • Fee is 0.89% a year, above the laddered and structured-protection options in its group (PBQQ at 0.50%, CPNS and CPNJ at 0.69%).
  • The floor is financed by selling short-dated calls, so a fast Nasdaq-100 rally gets clipped. Upside is the currency here.
  • The mandate is to limit maximum losses, not erase them, and the manager sets the hedge. No published cap or buffer to check before you buy.

QFLR Performance

Launched Jan 25, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
QFLR$9,643
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. QFLR $9,643. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QFLR. Periods over one year show the average yearly return.
PeriodQFLR
Year to date−3.2%
1 month−9.5%
3 months−7.0%
1 year−3.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QFLR
YearReturn barQFLR
2026 YTD−3.2%
2025+17.3%
2024+16.6%

Since listing, Jan 25, 2024

QFLR in the news

QFLR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 5, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 3 payments from 2024 to 2025. Mar 27, 2024 $0.0059; Jun 28, 2024 $0.0024; Mar 31, 2025 $0.0079. Use the arrow keys to read each point.20242025
Ex-datePay dateAmount per share
Mar 31, 2025Apr 1, 2025$0.0079
Jun 28, 2024Jul 1, 2024$0.0024
Mar 27, 2024Apr 1, 2024$0.0059

QFLR Risk

Risk pillarD38 out of 100Rank 4 of 6 in Managed Floor
How much the fund’s monthly returns vary, scaled to a year.
10.7%
Annualised · 33 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.80
vs 3-month T-bills · 33 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.0%
33 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.74
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QFLR Cost

Compare QFLR and MAUG

Overpaying vs MAUG, cheapest in Managed Floor

$7,080

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QFLR 0.89%

    $16,872

  • MAUG 0.49% Cheapest

    $9,792

$10,000
30 years

Cost over time

  • QFLR 0.89%
  • MAUG 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QFLR $16,872MAUG $9,792

Year by year

YearQFLRMAUGOverpaying
10$1,576$883$693
20$5,953$3,394$2,559
30$16,872$9,792$7,080

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