RFLR
This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.New York Stock Exchange ArcaInnovator U.S. Small Cap Managed Floor ETF
$31.62−0.33 (−1.04%)
- Expense ratio
- 0.89%
- Fund size
- $93M
- 1Y return
- +15.2%
- Yield · Last 12 months
- 0.60%
- Holdings
- 839
- Volume · 30D
- 0M sh
- NAV per share
- $31.67
- 52W range
Our read on RFLR
Most small-cap downside-protection funds trade your upside away for a cap. RFLR doesn't: roughly 800 small caps, a laddered options overlay built to limit losses, and no outcome period you have to time.
The Fund seeks long-term capital gains while mitigating overall market risk. It pursues uncapped participation in U.S. small-cap equities while using a laddered options overlay to limit potential losses.
Why people hold it
- Uncapped by design. The options overlay works to soften losses without putting a ceiling on how much of a small-cap rally you keep.
- The ladder rolls continuously instead of locking into a defined 12-month outcome window, so there is no start date to get right.
- Real equity underneath: roughly 800 US small caps benchmarked to the Russell 2000, actively managed rather than a pile of options standing in for stocks.
- At 0.89% it prices right at the middle of the floor-and-buffer crowd, and it sits in the upper half of that peer group overall.
Worth knowing
- Cheaper ways to floor a Russell 2000 position exist: Calamos's CPRO charges 0.69%, but it hands you a cap in return.
- The floor is engineered with options, not promised. It is what the overlay aims for, and option costs come out of your return.
- Launched in 2024, still modest in size and lightly traded, so limit orders matter more here than in a mega-fund.
RFLR Holdings
- Stocks
- 839
- 7%
- US BANK MMDA - USBGFS 9 09/01/2037
Sectors
- Financials18.2%
- Health Care18.1%
- Industrials14.4%
- Technology13.9%
- Consumer Discr.9.6%
- Energy6.6%
- Real Estate6.5%
- Materials4.7%
- Cons. Staples3.4%
- Utilities2.4%
- Communication2.3%
Geography
- United States96.33%
- Bermuda1.23%
- Monaco0.33%
- Ireland0.31%
- United Kingdom0.23%
- Greece0.22%
- Luxembourg0.21%
- Panama0.20%
- 0.93%
RFLR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | RFLR |
|---|---|
| Year to date | +12.5% |
| 1 month | −3.5% |
| 3 months | +1.1% |
| 1 year | +15.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RFLR |
|---|---|---|
| 2026 YTD | +12.5% | |
| 2025 | +11.8% | |
| 2024 | +2.3% |
RFLR in the news
ETF.net Research hasn’t filed on RFLR yet — coverage lands here as it’s written.
RFLR Dividends
- 0.60%
- $0.19
- $0.05 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 30, 2026 | Jul 1, 2026 | $0.05 |
| Mar 31, 2026 | Apr 1, 2026 | $0.03 |
| Dec 31, 2025 | Jan 2, 2026 | $0.06 |
| Sep 30, 2025 | Oct 2, 2025 | $0.05 |
| Jun 30, 2025 | Jul 1, 2025 | $0.05 |
| Mar 31, 2025 | Apr 1, 2025 | $0.03 |
| Dec 31, 2024 | Jan 2, 2025 | $0.07 |
RFLR Risk
- 11.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.90
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.60
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RFLR Cost
- 0.89%