RFLR vs. SIXH

Last updated Aug 2, 2026

RFLR (Innovator U.S. Small Cap Managed Floor ETF) and SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) are both Equity Hedged funds. Both are actively managed. Over the past year, RFLR returned 27.82% vs 15.44% for SIXH. Their 0.25 correlation means their historical movements had little consistent relationship. RFLR charges 0.89%/yr vs 0.87%/yr for SIXH.

Performance

RFLR vs. SIXH - 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 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH). 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 SIXH's 11.82% return.

RFLR

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

SIXH

• 1D: -0.05%
• 1M: 1.25%
• 6M: 6.67%
• YTD: 11.82%
• 1Y: 15.44%
• 3Y*: 13.19%
• 5Y*: 9.67%
• 10Y*: —
• ALL TIME*: 11.24%

*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
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	$192.69K	$438.81K	$385.38K

RFLR vs. SIXH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RFLR Innovator U.S. Small Cap Managed Floor ETF	13.82%	11.81%	1.78%
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	11.82%	9.47%	-0.67%

Correlation

The correlation between RFLR and SIXH is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	0.25

Return for Risk

RFLR vs. SIXH — 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

SIXH

SIXH Risk / Return Rank: 84
SIXH Sharpe Ratio Rank: 85
SIXH Sortino Ratio Rank: 89
SIXH Omega Ratio Rank: 83
SIXH Calmar Ratio Rank: 88
SIXH Martin Ratio Rank: 74

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. SIXH - 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 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH). 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	SIXH	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.99	+0.11
Sortino ratio: Return per unit of downside risk	3.05	3.11	-0.06
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	4.58	3.59	+1.00
Martin ratio: Return relative to average drawdown	16.58	9.12	+7.46

RFLR vs. SIXH - Sharpe Ratio Comparison

The current RFLR Sharpe Ratio is 2.10, which is comparable to the SIXH Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of RFLR and SIXH, 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. SIXH - Drawdown Comparison

The maximum RFLR drawdown since its inception was -15.48%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for RFLR and SIXH.

Drawdown Indicators

	RFLR	SIXH	Difference
Max Drawdown Largest peak-to-trough decline	-15.48%	-11.68%	-3.80%
Max Drawdown (1Y) Largest decline over 1 year	-5.79%	-4.36%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.68%	—
Current Drawdown Current decline from peak	-1.44%	-1.63%	+0.19%
Average Drawdown Average peak-to-trough decline	-3.57%	-1.82%	-1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.71%	-0.11%

Volatility

RFLR vs. SIXH - Volatility Comparison

Innovator U.S. Small Cap Managed Floor ETF (RFLR) has a higher volatility of 2.80% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.48%. This indicates that RFLR's price experiences larger fluctuations and is considered to be riskier than SIXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFLR	SIXH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	2.48%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	6.36%	+2.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	7.87%	+4.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.18%	10.40%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.18%	10.09%	+2.09%

RFLR vs. SIXH - Expense Ratio Comparison

RFLR has a 0.89% expense ratio, which is higher than SIXH's 0.87% expense ratio.

Dividends

RFLR vs. SIXH - Dividend Comparison

RFLR's dividend yield for the trailing twelve months is around 0.59%, less than SIXH's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
RFLR Innovator U.S. Small Cap Managed Floor ETF	0.59%	0.67%	0.26%	0.00%	0.00%	0.00%	0.00%
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF	1.82%	2.23%	1.55%	2.04%	2.06%	1.65%	1.10%

Frequently Asked Questions

Can I hold both RFLR and SIXH in my portfolio?

RFLR and SIXH have a correlation of 0.18, 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 SIXH?

RFLR has higher volatility (2.80%) compared to SIXH (2.48%). In terms of maximum drawdown, RFLR dropped -15.48% vs SIXH's -11.68%.

Which ETF is better, RFLR or SIXH?

On 1-year performance, RFLR leads with 27.82% vs 15.44% for SIXH. On fees, SIXH is cheaper at 0.87% per year. On volatility, SIXH has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFLR or SIXH?

Over the 1-year period, RFLR has performed better with a 27.82% return vs 15.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFLR or SIXH?

SIXH is cheaper with a 0.87% expense ratio, compared with 0.89% for RFLR.

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

SIXH has the higher dividend yield at 1.82%, compared with 0.59% for RFLR.

What is the main difference between RFLR and SIXH?

They also come from different issuers: Innovator and Exchange Traded Concepts. Their fees differ too: 0.89% for RFLR and 0.87% for SIXH.

Which has better risk-adjusted returns?

RFLR currently has the higher Sharpe Ratio (2.10 vs 1.99), 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.