RFLR vs. ONEH

Last updated Jun 4, 2026

RFLR (Innovator U.S. Small Cap Managed Floor ETF) and ONEH (TrueShares Equity Hedge ETF) are both Equity Hedged funds. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. RFLR charges 0.89%/yr vs 0.79%/yr for ONEH.

Performance

RFLR vs. ONEH - 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 TrueShares Equity Hedge ETF (ONEH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RFLR

• 1D: -1.05%
• 1M: 2.08%
• YTD: 7.99%
• 6M: 8.36%
• 1Y: 25.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ONEH

• 1D: -0.08%
• 1M: -0.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RFLR vs. ONEH - Yearly Performance Comparison

	2026 (YTD)
RFLR Innovator U.S. Small Cap Managed Floor ETF	4.08%
ONEH TrueShares Equity Hedge ETF	-2.18%

Correlation

The correlation between RFLR and ONEH is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 30, 2026	-0.01

Return for Risk

RFLR vs. ONEH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RFLR

RFLR Risk / Return Rank: 72
RFLR Sharpe Ratio Rank: 65
RFLR Sortino Ratio Rank: 68
RFLR Omega Ratio Rank: 64
RFLR Calmar Ratio Rank: 84
RFLR Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RFLR vs. ONEH - 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 TrueShares Equity Hedge ETF (ONEH). 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.

	RFLR	ONEH	Difference
Sharpe ratio Return per unit of total volatility	2.13	—	—
Sortino ratio Return per unit of downside risk	3.06	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	4.51	—	—
Martin ratio Return relative to average drawdown	15.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RFLR	ONEH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	-1.35	+2.44

Drawdowns

RFLR vs. ONEH - Drawdown Comparison

The maximum RFLR drawdown since its inception was -15.48%, which is greater than ONEH's maximum drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for RFLR and ONEH.

Drawdown Indicators

	RFLR	ONEH	Difference
Max Drawdown Largest peak-to-trough decline	-15.48%	-3.55%	-11.93%
Max Drawdown (1Y) Largest decline over 1 year	-5.79%	—	—
Current Drawdown Current decline from peak	-1.05%	-2.18%	+1.13%
Average Drawdown Average peak-to-trough decline	-3.85%	-1.58%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	—	—

Volatility

Volatility by Period

	RFLR	ONEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.28%	4.66%	+7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.19%	4.66%	+7.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.19%	4.66%	+7.53%

RFLR vs. ONEH - Expense Ratio Comparison

RFLR has a 0.89% expense ratio, which is higher than ONEH's 0.79% expense ratio.

Dividends

RFLR vs. ONEH - Dividend Comparison

RFLR's dividend yield for the trailing twelve months is around 0.62%, while ONEH has not paid dividends to shareholders.

Position	TTM	2025	2024
ONEH TrueShares Equity Hedge ETF	0.00%	0.00%	0.00%
RFLR Innovator U.S. Small Cap Managed Floor ETF	0.62%	0.67%	0.26%

Frequently Asked Questions

Can I hold both RFLR and ONEH in my portfolio?

RFLR and ONEH have a correlation of -0.01, 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 ONEH?

On fees, ONEH is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RFLR or ONEH?

ONEH is cheaper with a 0.79% expense ratio, compared with 0.89% for RFLR.

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

RFLR has the higher dividend yield at 0.62%, compared with 0.00% for ONEH.

What is the main difference between RFLR and ONEH?

They also come from different issuers: Innovator and TrueShares. Their fees differ too: 0.89% for RFLR and 0.79% for ONEH.