SPSMvsRFLRETF Comparison
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State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) belongs to the US Small Cap segment. Innovator U.S. Small Cap Managed Floor ETF (RFLR) is part of the Options Strategies segment. SPSM's top 3 sector exposures are Industrials, Financials and Information Technology. In contrast, RFLR's top sector exposures are Financials, Information Technology and Industrials. SPSM is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.89% for RFLR. SPSM is up 19.69% year-to-date (YTD) with +$538M in YTD flows. RFLR performs worse with 10.99% YTD performance, and +$34M in YTD flows. Run a side-by-side ETF comparison of SPSM and RFLR 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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SPSM vs RFLR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPSM RFLR | +5.83%+3.97% | +17.77%+10.46% | +19.69%+10.99% | +34.40%+27.05% | +52.68%n/a | +36.60%n/a |
| Flows | SPSM RFLR | +$29M- | -$23M+$16M | +$538M+$34M | +$1.21B+$51M | +$5.93B- | +$8.07B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPSM RFLR | +17.29%+12.53% | +17.81%+13.08% | +20.34%n/a | +21.49%n/a |
| Max drawdown | SPSM RFLR | -4.14%-3.13% | -8.68%-5.65% | -27.91%n/a | -27.91%n/a |
| Max drawdown duration | SPSM RFLR | 16d12d | 59d43d | 380dn/a | 380dn/a |
Trading data
SPSM | RFLR | |
Last sale 6/12/2026 at 1:30 PM | $55.91 | $31.55 |
| Previous close 06/11/2026 | $55.36 | $31.36 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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RFLR
is actively managed and doesn’t replicate an indexSPSM | RFLR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
SPSM | RFLR | |
|---|---|---|
| Last price | $55.91 | $31.55 |
| 1D performance | +0.99% | +0.61% |
| AuM | $16.19 B | $81.96 M |
| E/R | 0.03% | 0.89% |
Characteristics
SPSM | RFLR | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Innovator |
| Benchmark | S&P SmallCap 600 Index | - |
| N° of holdings | 557 | 736 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 8, 2013 | September 16, 2024 |
| ESG | No | No |
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Exposure
Countries
SPSM
USA
96.45%
Other
3.55%
RFLR
USA
91.61%
Other
8.39%
Sectors
SPSM
Industrials
15.98%
Financials
15.69%
Information Techn.
14.29%
Consumer Discreti.
12.7%
Health Care
10.05%
Other
31.28%
RFLR
Financials
15.33%
Information Techn.
14.08%
Industrials
13.89%
Health Care
13.77%
Consumer Discreti.
9.47%
Other
33.46%
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Diversification
SPSM
Total weight of top 15 holdings out of 15
8.46%
RFLR
Total weight of top 15 holdings out of 15
4.52%
Top 15 holdings
Data as of April 30, 2026
SPSM
VIAVI SOLUTIONS INC
0.72%
SANMINA CORP
0.71%
FORMFACTOR
0.63%
MOLINA HLTHCRE
0.60%
PRIMORIS SERVICES
0.58%
SEMTECH
0.58%
ELEMENT SOLUTIONS INC
0.58%
ARGAN
0.55%
VIASAT
0.53%
MATCH GROUP
0.53%
ESCO TECHNOLOGIES
0.50%
LUMEN TECHNOLOGIES INC
0.50%
EASTMAN CHEMICAL
0.50%
GLAUKOS
0.49%
JACKSON FINANCIAL INC
0.49%
RFLR
PLANET LABS PBC
0.36%
VIAVI SOLUTIONS INC
0.35%
APPLIED OPTOEL/D
0.34%
SM ENERGY
0.34%
AXCELIS TECHNOLOGIES
0.32%
TERNS PHARMACEUTICALS
0.31%
FIRST BANCORP
0.29%
FORMFACTOR
0.29%
COMMVAULT SYSTEMS
0.28%
STRIDE INC
0.28%
ORGANON & CO
0.28%
PAR PACIFIC HOLDINGS INC
0.27%
VICOR
0.27%
CELCUITY INC
0.27%
CNX RESOURCES CORP
0.27%
Frequently asked questions about SPSM and RFLR
How have the SPSM and RFLR ETFs performed in 2026?
As of June 12, 2026, SPSM is up 19.69% year-to-date (YTD), while RFLR has returned 10.99%. That puts SPSM better performer ahead so far this year.
Which ETF is attracting more investor money: SPSM or RFLR?
Year-to-date, the SPSM ETF saw +$538M in flows, compared to +$34M for RFLR.
Which ETF is more volatile: SPSM or RFLR?
Over the past year, SPSM had a volatility of 17.81%, while RFLR experienced 13.08%.
Which ETF is bigger: SPSM or RFLR?
As of June 12, 2026, SPSM holds $16.19 B in assets under management (AUM), while RFLR manages $81.96 M.
What sectors do the SPSM and RFLR ETFs invest in?
SPSM leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, RFLR focuses on Financials, Information Technology and Industrials.
What are the top holdings of the SPSM ETF and RFLR ETF?
SPSM top holdings include VIAVI SOLUTIONS INC, SANMINA CORP and FORMFACTOR. RFLR holds in its top three: PLANET LABS PBC, VIAVI SOLUTIONS INC and APPLIED OPTOEL/D.
Which ETF is more diversified: SPSM or RFLR?
SPSM holds 603 securities with 8.46% of its assets in the top 15. RFLR has 827 securities and a top 15 weight of 4.52%.
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