RFLR vs. SHUS

Last updated Aug 2, 2026

RFLR (Innovator U.S. Small Cap Managed Floor ETF) and SHUS (Stratified LargeCap Hedged ETF) are both Equity Hedged funds. Both are actively managed. Over the past year, RFLR returned 27.82% vs 18.08% for SHUS. Their 0.74 correlation means they have sometimes moved together and sometimes differently. RFLR charges 0.89%/yr vs 0.79%/yr for SHUS.

Performance

RFLR vs. SHUS - 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 Stratified LargeCap Hedged ETF (SHUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFLR achieves a 13.82% return, which is significantly higher than SHUS's 11.17% return.

RFLR

• 1D: -0.22%
• 1M: -0.85%
• 6M: 10.48%
• YTD: 13.82%
• 1Y: 27.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.86%

SHUS

• 1D: -0.09%
• 1M: 0.21%
• 6M: 7.84%
• YTD: 11.17%
• 1Y: 18.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.47%

*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)
RFLR Innovator U.S. Small Cap Managed Floor ETF	$387.51K	$383.65K	$372.55K
SHUS Stratified LargeCap Hedged ETF	$381.44	$481.50	$2.69K

RFLR vs. SHUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RFLR Innovator U.S. Small Cap Managed Floor ETF	13.82%	11.81%	0.74%
SHUS Stratified LargeCap Hedged ETF	11.17%	10.89%	-2.65%

Correlation

The correlation between RFLR and SHUS is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024	0.74

The correlation between RFLR and SHUS has been stable across timeframes, ranging from 0.74 to 0.74 - a consistent structural relationship.

RFLR vs. SHUS - Sectors Allocation Comparison

Sectors	RFLR	SHUS
Healthcare	18.9%	12.7%
Financial Services	17.4%	10.4%
Technology	14.8%	15.9%
Industrials	13.5%	10.7%
Consumer Cyclical	10.2%	13.2%
Real Estate	7.3%	3.5%
Energy	5.2%	6.0%
Basic Materials	4.3%	2.2%
Consumer Defensive	3.4%	12.8%
Communication Services	2.5%	6.3%
Utilities	2.5%	6.4%

Return for Risk

RFLR vs. SHUS — Risk / Return Rank

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

RFLR

RFLR Risk / Return Rank: 89
RFLR Sharpe Ratio Rank: 87
RFLR Sortino Ratio Rank: 88
RFLR Omega Ratio Rank: 86
RFLR Calmar Ratio Rank: 93
RFLR Martin Ratio Rank: 93

SHUS

SHUS Risk / Return Rank: 74
SHUS Sharpe Ratio Rank: 75
SHUS Sortino Ratio Rank: 78
SHUS Omega Ratio Rank: 73
SHUS Calmar Ratio Rank: 71
SHUS Martin Ratio Rank: 73

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. SHUS - 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 Stratified LargeCap Hedged ETF (SHUS). 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	SHUS	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.72	+0.39
Sortino ratio: Return per unit of downside risk	3.05	2.53	+0.53
Omega ratio: Gain probability vs. loss probability	1.38	1.30	+0.07
Calmar ratio: Return relative to maximum drawdown	4.58	2.49	+2.10
Martin ratio: Return relative to average drawdown	16.58	8.97	+7.61

RFLR vs. SHUS - Sharpe Ratio Comparison

The current RFLR Sharpe Ratio is 2.10, which is comparable to the SHUS Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of RFLR and SHUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RFLR vs. SHUS - Drawdown Comparison

The maximum RFLR drawdown since its inception was -15.48%, which is greater than SHUS's maximum drawdown of -14.09%. Use the drawdown chart below to compare losses from any high point for RFLR and SHUS.

Drawdown Indicators

	RFLR	SHUS	Difference
Max Drawdown Largest peak-to-trough decline	-15.48%	-14.09%	-1.39%
Max Drawdown (1Y) Largest decline over 1 year	-5.79%	-6.95%	+1.16%
Current Drawdown Current decline from peak	-1.44%	-1.06%	-0.38%
Average Drawdown Average peak-to-trough decline	-3.57%	-2.48%	-1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.92%	-0.32%

Volatility

RFLR vs. SHUS - Volatility Comparison

Innovator U.S. Small Cap Managed Floor ETF (RFLR) and Stratified LargeCap Hedged ETF (SHUS) have volatilities of 2.80% and 2.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFLR	SHUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	2.85%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	7.37%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	10.12%	+2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.18%	12.41%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.18%	12.41%	-0.23%

RFLR vs. SHUS - Expense Ratio Comparison

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

Dividends

RFLR vs. SHUS - Dividend Comparison

RFLR's dividend yield for the trailing twelve months is around 0.59%, less than SHUS's 1.24% yield.

Position	TTM	2025	2024
RFLR Innovator U.S. Small Cap Managed Floor ETF	0.59%	0.67%	0.26%
SHUS Stratified LargeCap Hedged ETF	1.24%	1.37%	0.26%

Frequently Asked Questions

Can I hold both RFLR and SHUS in my portfolio?

RFLR and SHUS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFLR or SHUS?

SHUS has higher volatility (2.85%) compared to RFLR (2.80%). In terms of maximum drawdown, RFLR dropped -15.48% vs SHUS's -14.09%.

Which ETF is better, RFLR or SHUS?

On 1-year performance, RFLR leads with 27.82% vs 18.08% for SHUS. On fees, SHUS is cheaper at 0.79% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFLR or SHUS?

Over the 1-year period, RFLR has performed better with a 27.82% return vs 18.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFLR or SHUS?

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

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

SHUS has the higher dividend yield at 1.24%, compared with 0.59% for RFLR.

What is the main difference between RFLR and SHUS?

They also come from different issuers: Innovator and Exchange Traded Concepts. Their fees differ too: 0.89% for RFLR and 0.79% for SHUS.

Which has better risk-adjusted returns?

RFLR currently has the higher Sharpe Ratio (2.10 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.