RFLR vs. IVEP

Last updated Aug 4, 2026

RFLR (Innovator U.S. Small Cap Managed Floor ETF) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both exchange-traded funds - RFLR is a Equity Hedged fund actively managed by Innovator, while IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index. RFLR is actively managed, while IVEP is passively managed. Their 0.36 correlation means their historical movements had little consistent relationship. RFLR charges 0.89%/yr vs 0.75%/yr for IVEP.

Performance

RFLR vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Small Cap Managed Floor ETF (RFLR) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RFLR

• 1D: 1.26%
• 1M: 0.40%
• 6M: 11.12%
• YTD: 15.25%
• 1Y: 29.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.56%

IVEP

• 1D: 2.37%
• 1M: -1.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	$584.23K	$598.82K	$857.59K
RFLR Innovator U.S. Small Cap Managed Floor ETF	$343.89K	$372.96K	$374.09K

RFLR vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
RFLR Innovator U.S. Small Cap Managed Floor ETF	11.16%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.73%

Correlation

The correlation between RFLR and IVEP is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.36

RFLR vs. IVEP - Sectors Allocation Comparison

Sectors	RFLR	IVEP
Healthcare	18.9%	-
Financial Services	17.4%	-
Technology	14.8%	7.6%
Industrials	13.5%	45.4%
Consumer Cyclical	10.2%	-
Real Estate	7.3%	10.1%
Energy	5.2%	12.5%
Basic Materials	4.3%	2.2%
Consumer Defensive	3.4%	-
Communication Services	2.5%	-
Utilities	2.5%	22.3%

Return for Risk

RFLR vs. IVEP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RFLR

RFLR Risk / Return Rank: 91
RFLR Sharpe Ratio Rank: 89
RFLR Sortino Ratio Rank: 90
RFLR Omega Ratio Rank: 88
RFLR Calmar Ratio Rank: 94
RFLR Martin Ratio Rank: 93

IVEP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RFLR vs. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Small Cap Managed Floor ETF (RFLR) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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	IVEP	Difference
Sharpe ratio: Return per unit of total volatility	2.35	—	—
Sortino ratio: Return per unit of downside risk	3.38	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	5.11	—	—
Martin ratio: Return relative to average drawdown	18.48	—	—

Drawdowns

RFLR vs. IVEP - Drawdown Comparison

The maximum RFLR drawdown since its inception was -15.48%, smaller than the maximum IVEP drawdown of -17.54%. Use the drawdown chart below to compare losses from any high point for RFLR and IVEP.

Drawdown Indicators

	RFLR	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-15.48%	-17.54%	+2.06%
Max Drawdown (1Y) Largest decline over 1 year	-5.79%	—	—
Current Drawdown Current decline from peak	-0.20%	-9.78%	+9.58%
Average Drawdown Average peak-to-trough decline	-3.56%	-5.07%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	—	—

Volatility

Volatility by Period

	RFLR	IVEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	31.49%	-18.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.20%	31.49%	-19.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.20%	31.49%	-19.29%

RFLR vs. IVEP - Expense Ratio Comparison

RFLR has a 0.89% expense ratio, which is higher than IVEP's 0.75% expense ratio.

Dividends

RFLR vs. IVEP - Dividend Comparison

RFLR's dividend yield for the trailing twelve months is around 0.59%, while IVEP has not paid dividends to shareholders.

Position	TTM	2025	2024
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%	0.00%
RFLR Innovator U.S. Small Cap Managed Floor ETF	0.59%	0.67%	0.26%

Frequently Asked Questions

Can I hold both RFLR and IVEP in my portfolio?

RFLR and IVEP have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RFLR or IVEP?

On fees, IVEP is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RFLR or IVEP?

IVEP is cheaper with a 0.75% expense ratio, compared with 0.89% for RFLR.

Which ETF pays a higher dividend yield, RFLR or IVEP?

RFLR has the higher dividend yield at 0.59%, compared with 0.00% for IVEP.

What is the main difference between RFLR and IVEP?

RFLR is categorized as Equity Hedged, while IVEP is Industrials Equities. They also come from different issuers: Innovator and Wedbush. Their fees differ too: 0.89% for RFLR and 0.75% for IVEP.