- ISIN
- US45784N5023
- Issuer
- Innovator
- Inception Date
- Sep 17, 2024
- Category
- Equity Hedged
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $82M
Share Price Chart
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Performance
RFLR Performance Chart
Innovator U.S. Small Cap Managed Floor ETF (RFLR) is up 11.3% since the beginning of the year. RFLR is currently trading at $32 per share.
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Returns By Period
Innovator U.S. Small Cap Managed Floor ETF (RFLR) has returned 11.27% so far this year and 28.68% over the past 12 months.
Innovator U.S. Small Cap Managed Floor ETF
- 1D
- -0.22%
- 1M
- 3.69%
- YTD
- 11.27%
- 6M
- 9.19%
- 1Y
- 28.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RFLR Monthly Returns History
Based on dividend-adjusted daily data since Sep 17, 2024, RFLR's average daily return is +0.06%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 73% of months were positive and 27% 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 55% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.02% | 1.19% | -2.02% | 3.88% | 2.50% | 2.30% | 11.27% | ||||||
| 2025 | 1.72% | -3.89% | -4.48% | -0.46% | 2.26% | 3.75% | 2.09% | 5.41% | 2.46% | 1.91% | 0.13% | 0.77% | 11.81% |
| 2024 | 1.11% | -0.01% | 7.03% | -5.94% | 1.78% |
Benchmark Metrics
Innovator U.S. Small Cap Managed Floor ETF has an annualized alpha of 5.40%, beta of 0.51, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since September 17, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (73.00%) than losses (70.22%) - typical of diversified or defensive assets.
- Beta of 0.51 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.
- Alpha
- 5.40%
- Beta
- 0.51
- R²
- 0.48
- Upside Capture
- 73.00%
- Downside Capture
- 70.22%
Expense Ratio
RFLR has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RFLR ranks 80 for risk / return — better than 80% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Small Cap Managed Floor ETF (RFLR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RFLR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 2.78 | +2.19 |
| Martin ratioReturn relative to average drawdown | 17.54 | 12.44 | +5.10 |
Dividends
Dividend History
Innovator U.S. Small Cap Managed Floor ETF provided a 0.60% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.07 |
Dividend yield | 0.60% | 0.67% | 0.26% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.19 |
| 2024 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.48%Apr 2025 | 4mo 6d | 4mo 29d | 9mo 5dDec 2024 - Sep 2025 |
2025 pullback2025 | -5.79%Nov 2025 | 23d | 20d | 1mo 13dOct 2025 - Dec 2025 |
2026 pullback2026 | -5.67%Mar 2026 | 1mo 7d | 27d | 2mo 4dFeb 2026 - Apr 2026 |
2026 pullback2026 | -3.20%May 2026 | 8d | 7d | 15dMay 2026 - May 2026 |
2025 pullback2025 | -3.15%Oct 2025 | 3d | 4d | 7dOct 2025 - Oct 2025 |
Drawdown Indicators
| RFLR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.48% | -56.78% | +41.30% |
Max Drawdown (1Y)Largest decline over 1 year | -5.79% | -9.10% | +3.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.22% | -1.80% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -10.71% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.03% | -0.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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