SFLRvsPHEQETF Comparison
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Innovator Equity Managed Floor ETF (SFLR) and Parametric Hedged Equity ETF (PHEQ) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. SFLR is more expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.29% for PHEQ. SFLR is down -0.52% year-to-date (YTD) with +$319M in YTD flows. PHEQ performs better with 3.47% YTD performance, and -$10M in YTD flows. Run a side-by-side ETF comparison of SFLR and PHEQ 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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SFLR vs PHEQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SFLR PHEQ | +5.21%+6.79% | -1.36%+2.75% | -0.52%+3.47% | +17.18%+19.80% | +51.26%n/a | n/an/a |
| Flows | SFLR PHEQ | +$77M+$5M | +$226M-$8M | +$319M-$10M | +$703M+$23M | +$1.45B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SFLR PHEQ | +10.35%+8.37% | +8.80%+7.14% | +9.97%n/a | n/an/a |
| Max drawdown | SFLR PHEQ | -6.32%-3.79% | -6.81%-3.96% | -12.23%n/a | n/an/a |
| Max drawdown duration | SFLR PHEQ | 85d71d | 106d86d | 139dn/a | n/an/a |
Trading data
SFLR | PHEQ | |
Last sale 4/29/2026 at 7:04 PM | $36.59 | $33.65 |
| Previous close 04/28/2026 | $36.64 | $33.66 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/29/2026 at 7:04 PM
Live
Closed
SFLR | PHEQ | |
|---|---|---|
| Last price | $36.59 | $33.65 |
| 1D performance | -0.14% | -0.03% |
| AuM | $1.63 B | $132.92 M |
| E/R | 0.89% | 0.29% |
Characteristics
SFLR | PHEQ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 178 | 173 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 9, 2022 | October 19, 2023 |
| ESG | No | No |
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Exposure
Countries
SFLR
USA
93.08%
Other
6.92%
PHEQ
USA
93.2%
Other
6.8%
Sectors
SFLR
Information Techn.
31.66%
Communication Ser.
10.06%
Consumer Discreti.
9.3%
Health Care
8.83%
Financials
8.69%
Industrials
7.6%
Other
23.86%
PHEQ
Information Techn.
33.71%
Communication Ser.
10.57%
Consumer Discreti.
9.49%
Financials
9.34%
Health Care
8.92%
Industrials
7.64%
Other
20.33%
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Diversification
SFLR
Total weight of top 15 holdings out of 15
41.8%
PHEQ
Total weight of top 15 holdings out of 15
43.64%
Top 15 holdings
Data as of March 31, 2026
SFLR
NVIDIA
6.99%
APPLE
6.46%
MICROSOFT-T
4.39%
AMAZON.COM INC
3.59%
ALPHABET INC-CL
2.92%
BROADCOM LIMITED
2.61%
ALPHABET INC-CL
2.51%
META PLATFORMS
1.98%
TESLA
1.83%
JPMORGAN CHASE
1.60%
LILLY
1.51%
JOHNSON&JOHNSON
1.42%
EXXON
1.42%
BERKSHIRE HATHWAY
1.38%
WALMART INC
1.19%
PHEQ
NVIDIA
7.24%
APPLE
6.63%
MICROSOFT-T
4.74%
AMAZON.COM INC
3.62%
ALPHABET INC-CL
3.05%
ALPHABET INC-CL
2.65%
BROADCOM LIMITED
2.59%
META PLATFORMS
2.22%
TESLA
1.89%
EXXON
1.78%
JPMORGAN CHASE
1.65%
LILLY
1.58%
JOHNSON&JOHNSON
1.51%
BERKSHIRE HATHWAY
1.38%
VISA INCORPORATION
1.11%
Frequently asked questions about SFLR and PHEQ
How have the SFLR and PHEQ ETFs performed in 2026?
As of April 28, 2026, SFLR is down -0.52% year-to-date (YTD), while PHEQ has returned 3.47%. That puts PHEQ better performer ahead so far this year.
Which ETF is attracting more investor money: SFLR or PHEQ?
Year-to-date, the SFLR ETF saw +$319M in flows, compared to -$10M for PHEQ.
Which ETF is more volatile: SFLR or PHEQ?
Over the past year, SFLR had a volatility of 8.8%, while PHEQ experienced 7.14%.
Which ETF is bigger: SFLR or PHEQ?
As of April 28, 2026, SFLR holds $1.63 B in assets under management (AUM), while PHEQ manages $132.92 M.
What sectors do the SFLR and PHEQ ETFs invest in?
SFLR leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, PHEQ focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the SFLR ETF and PHEQ ETF?
SFLR top holdings include NVIDIA, APPLE and MICROSOFT-T. PHEQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SFLR or PHEQ?
SFLR holds 198 securities with 41.8% of its assets in the top 15. PHEQ has 182 securities and a top 15 weight of 43.64%.
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Latest news about SFLR & PHEQ
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