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 2.62%/yr vs -2.19%/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 0.42% return, which is significantly higher than EPRF's -3.23% return.
ELD
- 1D
- -0.09%
- 1M
- 0.41%
- YTD
- 0.42%
- 6M
- 0.51%
- 1Y
- 8.62%
- 3Y*
- 6.80%
- 5Y*
- 2.62%
- 10Y*
- 2.81%
EPRF
- 1D
- -0.36%
- 1M
- -1.05%
- YTD
- -3.23%
- 6M
- -3.72%
- 1Y
- -0.31%
- 3Y*
- 2.76%
- 5Y*
- -2.19%
- 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 | 0.42% | 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 | -3.23% | 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 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
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 | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.00 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.04 | +1.25 |
| Martin ratioReturn relative to average drawdown | 4.08 | -0.07 | +4.15 |
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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 | -3.05% | -11.83% | +8.78% |
Average DrawdownAverage peak-to-trough decline | -13.27% | -7.39% | -5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 4.29% | -2.17% |
Volatility
ELD vs. EPRF - Volatility Comparison
WisdomTree Emerging Markets Local Debt Fund (ELD) has a higher volatility of 2.65% compared to Innovator S&P High Quality Preferred ETF (EPRF) at 2.09%. This indicates that ELD's price experiences larger fluctuations and is considered to be riskier 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 | 2.65% | 2.09% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.36% | 5.48% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 7.63% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 11.83% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.21% | 13.45% | -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 5.84%, less than EPRF's 6.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.84% | 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 | 6.23% | 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 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELD has higher volatility (2.65%) compared to EPRF (2.09%). In terms of maximum drawdown, ELD dropped -31.92% vs EPRF's -26.82%.
On 5-year performance, ELD leads with 2.62% vs -2.19% for EPRF. On fees, EPRF is cheaper at 0.47% per year. On volatility, EPRF has been the lower-risk option at 2.09%. 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 2.62% return vs -2.19%. 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 6.23%, compared with 5.84% 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 (1.02 vs -0.04), 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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