ELD vs. EPRF
ELD (WisdomTree Emerging Markets Local Debt Fund) and EPRF (Innovator S&P High Quality Preferred ETF) are both exchange-traded funds - ELD is a Emerging Markets Bonds fund actively managed by WisdomTree, while EPRF is a Preferred Stock/Convertible Bonds fund tracking the S&P U.S. High Quality Preferred Stock Index. ELD is actively managed, while EPRF is passively managed. Over the past 5 years, ELD returned 3.07%/yr vs -2.02%/yr for EPRF. At a 0.29 correlation, their price movements are largely independent. ELD charges 0.55%/yr vs 0.47%/yr for EPRF.
Performance
ELD vs. EPRF - Performance Comparison
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Returns By Period
In the year-to-date period, ELD achieves a 1.78% return, which is significantly higher than EPRF's -2.15% return.
ELD
- 1D
- 0.00%
- 1M
- -0.42%
- 6M
- 1.16%
- YTD
- 1.78%
- 1Y
- 9.34%
- 3Y*
- 6.49%
- 5Y*
- 3.07%
- 10Y*
- 2.53%
EPRF
- 1D
- -0.06%
- 1M
- -0.76%
- 6M
- -4.59%
- YTD
- -2.15%
- 1Y
- -1.05%
- 3Y*
- 3.16%
- 5Y*
- -2.02%
- 10Y*
- —
ELD vs. EPRF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 1.78% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -7.53% | 3.86% |
EPRF Innovator S&P High Quality Preferred ETF | -2.15% | 2.69% | 3.46% | 9.43% | -20.68% | 1.37% | 7.38% | 19.54% | -5.58% | -0.39% |
Correlation
The correlation between ELD and EPRF is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2017 | 0.29 |
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Return for Risk
ELD vs. EPRF — Risk / Return Rank
ELD
EPRF
ELD vs. EPRF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) and Innovator S&P High Quality Preferred ETF (EPRF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ELD | EPRF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.98 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | -0.12 | +1.44 |
| Martin ratioReturn relative to average drawdown | 4.32 | -0.23 | +4.54 |
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Drawdowns
ELD vs. EPRF - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, which is greater than EPRF's maximum drawdown of -26.82%. Use the drawdown chart below to compare losses from any high point for ELD and EPRF.
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Drawdown Indicators
| ELD | EPRF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.92% | -26.82% | -5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -8.59% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -10.89% | -12.29% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -25.23% | +3.17% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -10.84% | +9.10% |
Average DrawdownAverage peak-to-trough decline | -13.23% | -7.42% | -5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 4.61% | -2.44% |
Volatility
ELD vs. EPRF - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Local Debt Fund (ELD) is 2.03%, while Innovator S&P High Quality Preferred ETF (EPRF) has a volatility of 2.31%. This indicates that ELD experiences smaller price fluctuations and is considered to be less risky than EPRF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELD | EPRF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 2.31% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 5.57% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 7.45% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 11.85% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.18% | 13.42% | -2.24% |
ELD vs. EPRF - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is higher than EPRF's 0.47% expense ratio.
Dividends
ELD vs. EPRF - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.86%, less than EPRF's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.86% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
EPRF Innovator S&P High Quality Preferred ETF | 6.17% | 6.03% | 6.13% | 5.71% | 5.67% | 4.70% | 4.92% | 5.01% | 5.27% | 2.59% | 0.00% | 0.00% |
Frequently Asked Questions
ELD and EPRF have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPRF has higher volatility (2.31%) compared to ELD (2.03%). In terms of maximum drawdown, ELD dropped -31.92% vs EPRF's -26.82%.
On 5-year performance, ELD leads with 3.07% vs -2.02% for EPRF. On fees, EPRF is cheaper at 0.47% per year. On volatility, ELD has been the lower-risk option at 2.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ELD has performed better with a 3.07% return vs -2.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EPRF is cheaper with a 0.47% expense ratio, compared with 0.55% for ELD.
EPRF has the higher dividend yield at 6.17%, compared with 5.86% for ELD.
ELD is categorized as Emerging Markets Bonds, while EPRF is Preferred Stock/Convertible Bonds. They also come from different issuers: WisdomTree and Innovator. Their fees differ too: 0.55% for ELD and 0.47% for EPRF.
ELD currently has the higher Sharpe Ratio (1.10 vs -0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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