RFLRvsIWMIETF Comparison
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Innovator U.S. Small Cap Managed Floor ETF (RFLR) and NEOS Russell 2000 High Income ETF (IWMI) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Finance, Healthcare and Technology. RFLR is more expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.78% for IWMI. RFLR is up 14.4% year-to-date (YTD) with +$42M in YTD flows. IWMI performs better with 16.37% YTD performance, and +$613M in YTD flows. Run a side-by-side ETF comparison of RFLR and IWMI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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RFLR vs IWMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RFLR IWMI | -0.49%-1.14% | +8.49%+6.89% | +14.40%+16.37% | +24.70%+29.66% | n/an/a | n/an/a |
| Flows | RFLR IWMI | +$2M+$124M | +$11M+$301M | +$42M+$613M | +$59M+$830M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RFLR IWMI | +11.94%+14.61% | +12.94%+15.28% | n/an/a | n/an/a |
| Max drawdown | RFLR IWMI | -3.13%-3.47% | -5.65%-8.39% | n/an/a | n/an/a |
| Max drawdown duration | RFLR IWMI | 12d16d | 43d46d | n/an/a | n/an/a |
Trading data
RFLR | IWMI | |
Last sale 7/29/2026 at 1:30 PM | $32.19 | $51.26 |
| Previous close 07/28/2026 | $32.46 | $52.15 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
RFLR | IWMI | |
|---|---|---|
| Last price | $32.19 | $51.26 |
| 1D performance | -0.82% | -1.71% |
| AuM | $92.47 M | $1.11 B |
| E/R | 0.89% | 0.78% |
Characteristics
RFLR | IWMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | NEOS Investment Management |
| Benchmark | - | - |
| N° of holdings | 813 | 1944 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 16, 2024 | June 25, 2024 |
| ESG | No | No |
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Exposure
Countries
RFLR
USA
91.73%
Other
8.27%
IWMI
USA
93.39%
Other
6.61%
Sectors
RFLR
Finance
25.51%
Healthcare
17.47%
Technology
12.07%
Industrials
8.77%
Other
36.18%
IWMI
Finance
25.22%
Healthcare
19.61%
Technology
12.64%
Industrials
11.25%
Other
31.29%
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Diversification
RFLR
Total weight of top 15 holdings out of 15
4.63%
IWMI
Total weight of top 15 holdings out of 15
4.76%
Top 15 holdings
Data as of June 30, 2026
RFLR
Vishay Intertechnology, Inc.
0.40%
Commvault Systems, Inc.
0.40%
Axcelis Technologies, Inc.
0.36%
Varonis Systems, Inc.
0.36%
TG Therapeutics, Inc.
0.31%
Tenable Holdings, Inc.
0.30%
First BanCorp (Puerto Rico)
0.29%
SM Energy Co.
0.29%
Robert Half, Inc.
0.29%
Mercury Systems, Inc.
0.28%
Lantheus Holdings, Inc.
0.28%
JFrog Ltd.
0.27%
Extreme Networks, Inc.
0.27%
Granite Construction, Inc.
0.27%
PTC Therapeutics, Inc.
0.26%
IWMI
Moog, Inc.
0.37%
Hut 8 Corp.
0.36%
ViaSat, Inc.
0.35%
BrightSpring Health Services, Inc.
0.35%
Cytokinetics, Inc.
0.34%
MaxLinear, Inc.
0.34%
Argan, Inc.
0.33%
UMB Financial Corp.
0.32%
JFrog Ltd.
0.30%
Riot Platforms, Inc.
0.30%
Krystal Biotech, Inc.
0.30%
ESCO Technologies, Inc.
0.28%
CareTrust REIT, Inc.
0.28%
Old National Bancorp
0.28%
FirstCash Holdings, Inc.
0.27%
Frequently asked questions about RFLR and IWMI
How have the RFLR and IWMI ETFs performed in 2026?
As of July 28, 2026, RFLR is up 14.4% year-to-date (YTD), while IWMI has returned 16.37%. That puts IWMI better performer ahead so far this year.
Which ETF is attracting more investor money: RFLR or IWMI?
Year-to-date, the RFLR ETF saw +$42M in flows, compared to +$613M for IWMI.
Which ETF is more volatile: RFLR or IWMI?
Over the past year, RFLR had a volatility of 12.94%, while IWMI experienced 15.28%.
Which ETF is bigger: RFLR or IWMI?
As of July 28, 2026, RFLR holds $92.47 M in assets under management (AUM), while IWMI manages $1.11 B.
What sectors do the RFLR and IWMI ETFs invest in?
RFLR leans toward sectors like Finance, Healthcare and Technology. Meanwhile, IWMI focuses on Finance, Healthcare and Technology.
What are the top holdings of the RFLR ETF and IWMI ETF?
RFLR top holdings include Vishay Intertechnology, Inc., Commvault Systems, Inc. and Axcelis Technologies, Inc.. IWMI holds in its top three: Moog, Inc., Hut 8 Corp. and ViaSat, Inc..
Which ETF is more diversified: RFLR or IWMI?
RFLR holds 814 securities with 4.63% of its assets in the top 15. IWMI has 2000 securities and a top 15 weight of 4.76%.
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Latest news about RFLR & IWMI
How Innovator's "Managed Floor" ETFs Can Fit Into a 40/30/30 Portfolio
October 3, 2024
RFLR
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