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 -2.11%/yr vs 3.13%/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
Loading charts...
Returns By Period
In the year-to-date period, EPRF achieves a -2.35% return, which is significantly lower than ELD's 1.67% return.
EPRF
- 1D
- 0.67%
- 1M
- -0.50%
- 6M
- -3.88%
- YTD
- -2.35%
- 1Y
- -1.36%
- 3Y*
- 2.98%
- 5Y*
- -2.11%
- 10Y*
- —
ELD
- 1D
- 0.26%
- 1M
- -0.03%
- 6M
- 1.02%
- YTD
- 1.67%
- 1Y
- 9.50%
- 3Y*
- 6.46%
- 5Y*
- 3.13%
- 10Y*
- 2.52%
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 | -2.35% | 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 | 1.67% | 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 | 0.33 |
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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.20 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.33 | -1.49 |
| Martin ratioReturn relative to average drawdown | -0.30 | 4.40 | -4.70 |
Loading charts...
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.
Loading charts...
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 | -11.03% | -1.85% | -9.18% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -13.23% | +5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 2.16% | +2.42% |
Volatility
EPRF vs. ELD - Volatility Comparison
Innovator S&P High Quality Preferred ETF (EPRF) has a higher volatility of 2.42% compared to WisdomTree Emerging Markets Local Debt Fund (ELD) at 2.23%. This indicates that EPRF's price experiences larger fluctuations and is considered to be riskier than ELD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EPRF | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 2.23% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 7.41% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.52% | 8.56% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.85% | 10.96% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 11.18% | +2.25% |
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 6.18%, more than ELD's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.87% | 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 | 6.18% | 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.
EPRF has higher volatility (2.42%) compared to ELD (2.23%). In terms of maximum drawdown, EPRF dropped -26.82% vs ELD's -31.92%.
On 5-year performance, ELD leads with 3.13% vs -2.11% for EPRF. On fees, EPRF is cheaper at 0.47% per year. On volatility, ELD has been the lower-risk option at 2.23%. 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 3.13% return vs -2.11%. 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 6.18%, compared with 5.87% 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 (1.12 vs -0.18), 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.
Find the right allocation for EPRF and ELD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer