Innovator U.S. Small Cap Managed Floor ETF (RFLR)

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The chart shows the growth of an initial investment of $10,000 in Innovator U.S. Small Cap Managed Floor ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Innovator U.S. Small Cap Managed Floor ETF (RFLR) has returned 2.14% so far this year and 22.31% over the past 12 months.

Based on dividend-adjusted daily data since Sep 17, 2024, RFLR's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, your investment would double in approximately 6.7 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2024 with a return of +7.0%, while the worst month was Dec 2024 at -5.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, RFLR closed higher 54% of trading days. The best single day was Nov 6, 2024 with a return of +2.6%, while the worst single day was Dec 18, 2024 at -3.5%.

Innovator U.S. Small Cap Managed Floor ETF has an annualized alpha of 5.54%, beta of 0.50, and R² of 0.48 versus S&P 500 Index. Calculated based on daily prices since September 18, 2024.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (93.75%) than losses (87.22%) — typical of diversified or defensive assets.
• Beta of 0.50 may look defensive, but with R² of 0.48 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.48 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

RFLR has an expense ratio of 0.89%, placing it in the medium range.

RFLR ranks 89 for risk / return — in the top 89% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Innovator U.S. Small Cap Managed Floor ETF (RFLR) and compare them to a chosen benchmark (S&P 500 Index).

Innovator U.S. Small Cap Managed Floor ETF provided a 0.66% dividend yield over the last twelve months, with an annual payout of $0.19 per share.

The table displays the monthly dividend distributions for Innovator U.S. Small Cap Managed Floor ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Innovator U.S. Small Cap Managed Floor ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Innovator U.S. Small Cap Managed Floor ETF was 15.48%, occurring on Apr 8, 2025. Recovery took 102 trading sessions.

The current Innovator U.S. Small Cap Managed Floor ETF drawdown is 3.10%.

The chart below shows the rolling one-month volatility.