RFLR vs. SCEP

Last updated Jun 24, 2026

RFLR (Innovator U.S. Small Cap Managed Floor ETF) and SCEP (Sterling Capital Hedged Equity Premium Income ETF) are both Equity Hedged funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. RFLR charges 0.89%/yr vs 0.65%/yr for SCEP.

Performance

RFLR vs. SCEP - 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 Sterling Capital Hedged Equity Premium Income ETF (SCEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFLR achieves a 11.52% return, which is significantly higher than SCEP's 2.52% return.

RFLR

• 1D: 0.23%
• 1M: 3.93%
• YTD: 11.52%
• 6M: 9.76%
• 1Y: 28.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCEP

• 1D: -1.13%
• 1M: -0.79%
• YTD: 2.52%
• 6M: 2.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RFLR vs. SCEP - Yearly Performance Comparison

	2026 (YTD)	2025
RFLR Innovator U.S. Small Cap Managed Floor ETF	11.52%	-1.47%
SCEP Sterling Capital Hedged Equity Premium Income ETF	2.52%	-0.50%

Correlation

The correlation between RFLR and SCEP is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.60

Return for Risk

RFLR vs. SCEP — Risk / Return Rank

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

RFLR

RFLR Risk / Return Rank: 83
RFLR Sharpe Ratio Rank: 79
RFLR Sortino Ratio Rank: 81
RFLR Omega Ratio Rank: 76
RFLR Calmar Ratio Rank: 89
RFLR Martin Ratio Rank: 88

SCEP

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

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. SCEP - 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 Sterling Capital Hedged Equity Premium Income ETF (SCEP). 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	SCEP	Difference
Sharpe ratio: Return per unit of total volatility	2.28	—	—
Sortino ratio: Return per unit of downside risk	3.25	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	4.93	—	—
Martin ratio: Return relative to average drawdown	17.37	—	—

Drawdowns

RFLR vs. SCEP - Drawdown Comparison

The maximum RFLR drawdown since its inception was -15.48%, which is greater than SCEP's maximum drawdown of -7.25%. Use the drawdown chart below to compare losses from any high point for RFLR and SCEP.

Drawdown Indicators

	RFLR	SCEP	Difference
Max Drawdown Largest peak-to-trough decline	-15.48%	-7.25%	-8.23%
Max Drawdown (1Y) Largest decline over 1 year	-5.79%	—	—
Current Drawdown Current decline from peak	0.00%	-1.68%	+1.68%
Average Drawdown Average peak-to-trough decline	-3.74%	-1.54%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	—	—

Volatility

Volatility by Period

	RFLR	SCEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	10.72%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.27%	10.72%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.27%	10.72%	+1.55%

RFLR vs. SCEP - Expense Ratio Comparison

RFLR has a 0.89% expense ratio, which is higher than SCEP's 0.65% expense ratio.

Dividends

RFLR vs. SCEP - Dividend Comparison

RFLR's dividend yield for the trailing twelve months is around 0.60%, less than SCEP's 3.29% yield.

Position	TTM	2025	2024
RFLR Innovator U.S. Small Cap Managed Floor ETF	0.60%	0.67%	0.26%
SCEP Sterling Capital Hedged Equity Premium Income ETF	3.29%	0.38%	0.00%

Frequently Asked Questions

Can I hold both RFLR and SCEP in my portfolio?

RFLR and SCEP have a correlation of 0.60, 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 SCEP?

On fees, SCEP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RFLR or SCEP?

SCEP is cheaper with a 0.65% expense ratio, compared with 0.89% for RFLR.

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

SCEP has the higher dividend yield at 3.29%, compared with 0.60% for RFLR.

What is the main difference between RFLR and SCEP?

They also come from different issuers: Innovator and Sterling Capital. Their fees differ too: 0.89% for RFLR and 0.65% for SCEP.