EPRF vs. CSSD

Last updated Jul 17, 2026

EPRF (Innovator S&P High Quality Preferred ETF) and CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) are both Preferred Stock/Convertible Bonds funds. EPRF is passively managed, while CSSD is actively managed. At a 0.40 correlation, their price movements are largely independent. EPRF charges 0.47%/yr vs 0.49%/yr for CSSD.

Performance

EPRF vs. CSSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator S&P High Quality Preferred ETF (EPRF) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPRF achieves a -2.15% return, which is significantly lower than CSSD's 3.06% return.

EPRF

• 1D: -0.06%
• 1M: -0.76%
• 6M: -4.59%
• YTD: -2.15%
• 1Y: -1.05%
• 3Y*: 3.16%
• 5Y*: -2.02%
• 10Y*: —

CSSD

• 1D: -0.20%
• 1M: 0.27%
• 6M: 2.39%
• YTD: 3.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EPRF vs. CSSD - Yearly Performance Comparison

	2026 (YTD)	2025
EPRF Innovator S&P High Quality Preferred ETF	-2.15%	-0.68%
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	3.06%	0.49%

Correlation

The correlation between EPRF and CSSD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	0.40

Return for Risk

EPRF vs. CSSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EPRF

EPRF Risk / Return Rank: 8
EPRF Sharpe Ratio Rank: 8
EPRF Sortino Ratio Rank: 7
EPRF Omega Ratio Rank: 7
EPRF Calmar Ratio Rank: 8
EPRF Martin Ratio Rank: 8

CSSD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPRF vs. CSSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator S&P High Quality Preferred ETF (EPRF) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). 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.

	EPRF	CSSD	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	—	—
Sortino ratio: Return per unit of downside risk	-0.15	—	—
Omega ratio: Gain probability vs. loss probability	0.98	—	—
Calmar ratio: Return relative to maximum drawdown	-0.12	—	—
Martin ratio: Return relative to average drawdown	-0.23	—	—

Drawdowns

EPRF vs. CSSD - Drawdown Comparison

The maximum EPRF drawdown since its inception was -26.82%, which is greater than CSSD's maximum drawdown of -2.32%. Use the drawdown chart below to compare losses from any high point for EPRF and CSSD.

Drawdown Indicators

	EPRF	CSSD	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-2.32%	-24.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.23%	—	—
Current Drawdown Current decline from peak	-10.84%	-0.22%	-10.62%
Average Drawdown Average peak-to-trough decline	-7.42%	-0.28%	-7.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.61%	—	—

Volatility

Volatility by Period

	EPRF	CSSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.45%	3.03%	+4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.85%	3.03%	+8.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.42%	3.03%	+10.39%

EPRF vs. CSSD - Expense Ratio Comparison

EPRF has a 0.47% expense ratio, which is lower than CSSD's 0.49% expense ratio.

Dividends

EPRF vs. CSSD - Dividend Comparison

EPRF's dividend yield for the trailing twelve months is around 6.17%, more than CSSD's 3.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	3.15%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both EPRF and CSSD in my portfolio?

EPRF and CSSD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EPRF or CSSD?

On fees, EPRF is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EPRF or CSSD?

EPRF is cheaper with a 0.47% expense ratio, compared with 0.49% for CSSD.

Which ETF pays a higher dividend yield, EPRF or CSSD?

EPRF has the higher dividend yield at 6.17%, compared with 3.15% for CSSD.

What is the main difference between EPRF and CSSD?

They also come from different issuers: Innovator and Cohen & Steers. Their fees differ too: 0.47% for EPRF and 0.49% for CSSD.