Innovator U.S. Small Cap Managed Floor ETF (RFLR) Performance
RFLR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.3% since Dec 31, 2025
- 1 year
- +12.1% total return
- Since first price
- +27.3% since 2024
RFLR trailing returns vs SPY, QQQ, AGG
| Period | RFLR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.1% | −0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.0% | −2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.7% | +5.4% | +7.8% | +8.4% | −1.5% |
| YTD | +11.3% | +10.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.1% | +11.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 17, 2024 | +27.3% | +25.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: RFLR vs SPY
From Sep 17, 2024: RFLR grew to $12,727, SPY to $13,851.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RFLR returns by calendar year
1 of 1 full years positive. Best 2025 (+11.8%), worst 2025 (+11.8%). 2026 is year to date.
RFLR annual returns table
| Year | RFLR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.3% | −7.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.8% | −12.2% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
RFLR largest drawdowns
Now 5.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 2, 2024 | −15.5% | Apr 8, 2025 | Sep 4, 2025 | 4 months | 9 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
RFLR risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +11.7% |
| Volatility (annualized) | 11.5% |
| Sharpe ratio | 0.67 |
| Sortino ratio | 1.06 |
| Best month | +7.0% |
| Worst month | −5.9% |
| Best 12 months | +30.9% |
| Worst 12 months | +4.4% |
| Positive months | 67% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
RFLR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 14 | +4.4% | +16.6% | +30.9% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
RFLR performance overview
Innovator U.S. Small Cap Managed Floor ETF (RFLR) returned +12.1% over the past year, with distributions reinvested. Since its first recorded price on Sep 17, 2024 it has returned +27.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.5%, from Dec 2, 2024 to Apr 8, 2025, and it took 5 months to get back to the old high. Volatility has been 11.5% a year.
Related: RFLR chart, RFLR holdings, RFLR dividends. See the RFLR overview for the latest quote and fund facts.
RFLR performance FAQ
What is the RFLR return over the past year?
RFLR returned +12.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.3%.
How much would $10,000 invested in RFLR be worth?
$10,000 invested in RFLR at its first recorded close on September 17, 2024 would be worth about $12,727 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of RFLR?
The largest peak-to-trough decline was −15.5% between December 2, 2024 and April 8, 2025. It recovered to the old high on September 4, 2025, 5 months after the bottom.
How volatile is RFLR?
Over the past history RFLR had an annualized volatility of 11.5% and a Sharpe ratio of 0.67 (excess return over 1–3 month T-bills per unit of risk).