EPRF vs. ELD
EPRF (Innovator S&P High Quality Preferred ETF) and ELD (WisdomTree Emerging Markets Local Debt Fund) are both exchange-traded funds - EPRF is a Preferred Stock/Convertible Bonds fund tracking the S&P U.S. High Quality Preferred Stock Index, while ELD is a Emerging Markets Bonds fund actively managed by WisdomTree. EPRF is passively managed, while ELD is actively managed. Over the past 5 years, EPRF returned -2.19%/yr vs 2.62%/yr for ELD. At a 0.29 correlation, their price movements are largely independent. EPRF charges 0.47%/yr vs 0.55%/yr for ELD.
Performance
EPRF vs. ELD - Performance Comparison
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Returns By Period
In the year-to-date period, EPRF achieves a -3.23% return, which is significantly lower than ELD's 0.42% return.
EPRF
- 1D
- -0.36%
- 1M
- -1.05%
- YTD
- -3.23%
- 6M
- -3.72%
- 1Y
- -0.31%
- 3Y*
- 2.76%
- 5Y*
- -2.19%
- 10Y*
- —
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 vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between EPRF and ELD 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
EPRF vs. ELD — Risk / Return Rank
EPRF
ELD
EPRF vs. ELD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator S&P High Quality Preferred ETF (EPRF) and WisdomTree Emerging Markets Local Debt Fund (ELD). 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 | ELD | 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 | 1.00 | 1.19 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.21 | -1.25 |
| Martin ratioReturn relative to average drawdown | -0.07 | 4.08 | -4.15 |
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Drawdowns
EPRF vs. ELD - Drawdown Comparison
The maximum EPRF drawdown since its inception was -26.82%, smaller than the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for EPRF and ELD.
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Drawdown Indicators
| EPRF | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.82% | -31.92% | +5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -7.15% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -10.89% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.23% | -22.06% | -3.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.15% | — |
Current DrawdownCurrent decline from peak | -11.83% | -3.05% | -8.78% |
Average DrawdownAverage peak-to-trough decline | -7.39% | -13.27% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.12% | +2.17% |
Volatility
EPRF vs. ELD - Volatility Comparison
The current volatility for Innovator S&P High Quality Preferred ETF (EPRF) is 2.09%, while WisdomTree Emerging Markets Local Debt Fund (ELD) has a volatility of 2.65%. This indicates that EPRF experiences smaller price fluctuations and is considered to be less risky than ELD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPRF | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 2.65% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 5.48% | 7.36% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.63% | 8.55% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.83% | 10.96% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.45% | 11.21% | +2.24% |
EPRF vs. ELD - Expense Ratio Comparison
EPRF has a 0.47% expense ratio, which is lower than ELD's 0.55% expense ratio.
Dividends
EPRF vs. ELD - Dividend Comparison
EPRF's dividend yield for the trailing twelve months is around 6.23%, more than ELD's 5.84% 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
EPRF and ELD 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, EPRF dropped -26.82% vs ELD's -31.92%.
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.
EPRF is categorized as Preferred Stock/Convertible Bonds, while ELD is Emerging Markets Bonds. They also come from different issuers: Innovator and WisdomTree. Their fees differ too: 0.47% for EPRF and 0.55% for ELD.
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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