RFLRvsSPSMETF Comparison
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Innovator U.S. Small Cap Managed Floor ETF (RFLR) belongs to the Options Strategies segment. State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is part of the US Small Cap segment. RFLR's top 3 sector exposures are Financials, Health Care and Industrials. In contrast, SPSM's top sector exposures are Industrials, Financials and Information Technology. RFLR is more expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.03% for SPSM. RFLR is up 6.44% year-to-date (YTD) with +$32M in YTD flows. SPSM performs better with 14.54% YTD performance, and +$450M in YTD flows. Run a side-by-side ETF comparison of RFLR and SPSM 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 SPSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RFLR SPSM | +3.77%+10.03% | +2.50%+7.27% | +6.44%+14.54% | +27.65%+38.27% | n/a+53.66% | n/a+33.44% |
| Flows | RFLR SPSM | +$12M+$55M | +$21M+$174M | +$32M+$450M | +$51M+$948M | -+$6.03B | -+$8.03B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RFLR SPSM | +13.80%+18.12% | +12.57%+18.20% | n/a+20.58% | n/a+21.55% |
| Max drawdown | RFLR SPSM | -5.60%-8.68% | -5.65%-8.68% | n/a-27.91% | n/a-27.91% |
| Max drawdown duration | RFLR SPSM | 48d59d | 43d59d | n/a380d | n/a380d |
Trading data
RFLR | SPSM | |
Last sale 5/1/2026 at 1:30 PM | $30.25 | $53.48 |
| Previous close 04/29/2026 | $30.17 | $53.36 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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RFLR
is actively managed and doesn’t replicate an indexRFLR | SPSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/1/2026 at 1:30 PM
Live
Closed
RFLR | SPSM | |
|---|---|---|
| Last price | $30.25 | $53.48 |
| 1D performance | +0.29% | +0.22% |
| AuM | $77.09 M | $15.40 B |
| E/R | 0.89% | 0.03% |
Characteristics
RFLR | SPSM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Innovator | State Street Investment Management |
| Benchmark | - | S&P SmallCap 600 Index |
| N° of holdings | 743 | 559 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 16, 2024 | July 8, 2013 |
| ESG | No | No |
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Exposure
Countries
RFLR
USA
88.81%
Other
11.19%
SPSM
USA
95.92%
Other
4.08%
Sectors
RFLR
Financials
14.94%
Health Care
13.65%
Industrials
13.11%
Information Techn.
12.63%
Consumer Discreti.
9.27%
Other
36.4%
SPSM
Industrials
16.29%
Financials
15.89%
Information Techn.
13.19%
Consumer Discreti.
13.16%
Health Care
10.13%
Other
31.34%
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Diversification
RFLR
Total weight of top 15 holdings out of 15
4.68%
SPSM
Total weight of top 15 holdings out of 15
7.33%
Top 15 holdings
Data as of March 31, 2026
RFLR
SM ENERGY
0.47%
US92333F1012
0.36%
PAR PACIFIC HOLDINGS INC
0.33%
TERNS PHARMACEUTICALS
0.33%
PBF ENERGY INC (ORDINARY)
0.32%
SILICON LABS
0.32%
CNX RESOURCES CORP
0.30%
SPIRE INC
0.30%
PLANET LABS PBC
0.30%
VIAVI SOLUTIONS INC
0.29%
ENERSYS
0.28%
CELCUITY INC
0.27%
COMMVAULT SYSTEMS
0.27%
WORKIVA INC
0.27%
ROBERT HALF
0.27%
SPSM
EASTMAN CHEMICAL
0.57%
ELEMENT SOLUTIONS INC
0.51%
PRIMORIS SERVICES
0.51%
VIAVI SOLUTIONS INC
0.50%
ARGAN
0.49%
FORMFACTOR
0.49%
LKQ
0.49%
JACKSON FINANCIAL INC
0.49%
ESCO TECHNOLOGIES
0.48%
MATCH GROUP
0.47%
CELANESE SR
0.47%
SEMTECH
0.47%
ARMSTRONG WORLD INDUSTRIES
0.46%
SANMINA CORP
0.46%
SM ENERGY
0.46%
Frequently asked questions about RFLR and SPSM
How have the RFLR and SPSM ETFs performed in 2026?
As of May 1, 2026, RFLR is up 6.44% year-to-date (YTD), while SPSM has returned 14.54%. That puts SPSM better performer ahead so far this year.
Which ETF is attracting more investor money: RFLR or SPSM?
Year-to-date, the RFLR ETF saw +$32M in flows, compared to +$450M for SPSM.
Which ETF is more volatile: RFLR or SPSM?
Over the past year, RFLR had a volatility of 12.57%, while SPSM experienced 18.2%.
Which ETF is bigger: RFLR or SPSM?
As of May 1, 2026, RFLR holds $77.09 M in assets under management (AUM), while SPSM manages $15.40 B.
What sectors do the RFLR and SPSM ETFs invest in?
RFLR leans toward sectors like Financials, Health Care and Industrials. Meanwhile, SPSM focuses on Industrials, Financials and Information Technology.
What are the top holdings of the RFLR ETF and SPSM ETF?
RFLR top holdings include SM ENERGY, US92333F1012 and PAR PACIFIC HOLDINGS INC. SPSM holds in its top three: EASTMAN CHEMICAL, ELEMENT SOLUTIONS INC and PRIMORIS SERVICES.
Which ETF is more diversified: RFLR or SPSM?
RFLR holds 833 securities with 4.68% of its assets in the top 15. SPSM has 601 securities and a top 15 weight of 7.33%.
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Latest news about RFLR & SPSM
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