PHEQvsSFLRETF Comparison
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Parametric Hedged Equity ETF (PHEQ) and Innovator Equity Managed Floor ETF (SFLR) belong to the same industry segment: Options Strategies. PHEQ's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, SFLR's top sector exposures are Technology, Finance and Healthcare. PHEQ is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.89% for SFLR. PHEQ is up 6.97% year-to-date (YTD) with -$6M in YTD flows. SFLR performs worse with 5.96% YTD performance, and +$722M in YTD flows. Run a side-by-side ETF comparison of PHEQ and SFLR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PHEQ vs SFLR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PHEQ SFLR | +0.55%+0.51% | +2.17%+4.58% | +6.97%+5.96% | +13.15%+14.09% | n/a+48.77% | n/an/a |
| Flows | PHEQ SFLR | -$13K+$50M | +$3M+$394M | -$6M+$722M | +$26M+$1.09B | -+$1.82B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHEQ SFLR | +5.96%+11.01% | +6.61%+9.75% | n/a+10.17% | n/an/a |
| Max drawdown | PHEQ SFLR | -1.73%-3.78% | -3.96%-6.81% | n/a-12.23% | n/an/a |
| Max drawdown duration | PHEQ SFLR | 19d64d | 86d113d | n/a139d | n/an/a |
Trading data
PHEQ | SFLR | |
Last sale 8/5/2026 at 7:58 PM | $34.88 | $38.93 |
| Previous close 08/05/2026 | $34.92 | $38.93 |
| Consolidated volume 08/05/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/5/2026 at 7:58 PM
Live
Closed
PHEQ | SFLR | |
|---|---|---|
| Last price | $34.88 | $38.93 |
| 1D performance | -0.13% | -0.01% |
| AuM | $140.70 M | $2.15 B |
| E/R | 0.29% | 0.89% |
Characteristics
PHEQ | SFLR | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Morgan Stanley | Innovator |
| Benchmark | - | - |
| N° of holdings | 169 | 185 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 19, 2023 | November 9, 2022 |
| ESG | No | No |
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Exposure
Countries
PHEQ
USA
100.19%
Other
-0.19%
SFLR
USA
95.96%
Other
4.04%
Sectors
PHEQ
Technology
46.23%
Finance
13.58%
Consumer Non-Cycl.
9.39%
Healthcare
9.11%
Industrials
8.04%
Other
13.66%
SFLR
Technology
43.99%
Finance
12.72%
Healthcare
9.26%
Consumer Non-Cycl.
8.6%
Industrials
7.52%
Other
17.91%
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Diversification
PHEQ
Total weight of top 15 holdings out of 15
46.28%
SFLR
Total weight of top 15 holdings out of 15
43.55%
Top 15 holdings
Data as of June 30, 2026
PHEQ
NVIDIA Corp.
7.60%
Apple, Inc.
6.96%
Microsoft Corp.
4.43%
Amazon.com, Inc.
3.83%
Alphabet, Inc.
3.43%
Alphabet, Inc.
2.96%
Broadcom Inc.
2.93%
Tesla, Inc.
2.15%
Micron Technology, Inc.
2.14%
Meta Platforms, Inc.
1.97%
Eli Lilly & Co.
1.86%
JPMorgan Chase & Co.
1.70%
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
1.52%
Johnson & Johnson
1.43%
KLA Corp.
1.38%
SFLR
NVIDIA Corp.
7.11%
Apple, Inc.
6.53%
Microsoft Corp.
4.01%
Amazon.com, Inc.
3.63%
Alphabet, Inc.
3.12%
Broadcom Inc.
2.81%
Alphabet, Inc.
2.68%
Micron Technology, Inc.
2.41%
Eli Lilly & Co.
1.80%
Meta Platforms, Inc.
1.77%
Tesla, Inc.
1.71%
JPMorgan Chase & Co.
1.70%
Advanced Micro Devices, Inc.
1.63%
Johnson & Johnson
1.34%
Berkshire Hathaway, Inc.
1.30%
Frequently asked questions about PHEQ and SFLR
How have the PHEQ and SFLR ETFs performed in 2026?
As of August 5, 2026, PHEQ is up 6.97% year-to-date (YTD), while SFLR has returned 5.96%. That puts PHEQ better performer ahead so far this year.
Which ETF is attracting more investor money: PHEQ or SFLR?
Year-to-date, the PHEQ ETF saw -$6M in flows, compared to +$722M for SFLR.
Which ETF is more volatile: PHEQ or SFLR?
Over the past year, PHEQ had a volatility of 6.61%, while SFLR experienced 9.75%.
Which ETF is bigger: PHEQ or SFLR?
As of August 5, 2026, PHEQ holds $140.70 M in assets under management (AUM), while SFLR manages $2.15 B.
What sectors do the PHEQ and SFLR ETFs invest in?
PHEQ leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SFLR focuses on Technology, Finance and Healthcare.
What are the top holdings of the PHEQ ETF and SFLR ETF?
PHEQ top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SFLR holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: PHEQ or SFLR?
PHEQ holds 171 securities with 46.28% of its assets in the top 15. SFLR has 187 securities and a top 15 weight of 43.55%.
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Latest news about PHEQ & SFLR
How Innovator's "Managed Floor" ETFs Can Fit Into a 40/30/30 Portfolio
October 3, 2024
SFLR
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