EPRF vs. EVPF

Last updated Jun 4, 2026

EPRF (Innovator S&P High Quality Preferred ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both Preferred Stock/Convertible Bonds funds. EPRF is passively managed, while EVPF is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. EPRF charges 0.47%/yr vs 0.39%/yr for EVPF.

Performance

EPRF vs. EVPF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator S&P High Quality Preferred ETF (EPRF) and Eaton Vance Preferred Securities and Income ETF (EVPF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EPRF

• 1D: -0.41%
• 1M: -1.18%
• YTD: -2.39%
• 6M: -2.28%
• 1Y: 2.04%
• 3Y*: 2.39%
• 5Y*: -1.97%
• 10Y*: —

EVPF

• 1D: 0.00%
• 1M: 0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EPRF vs. EVPF - Yearly Performance Comparison

	2026 (YTD)
EPRF Innovator S&P High Quality Preferred ETF	-1.54%
EVPF Eaton Vance Preferred Securities and Income ETF	1.16%

Correlation

The correlation between EPRF and EVPF is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026	0.71

Return for Risk

EPRF vs. EVPF — Risk / Return Rank

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

EPRF

EPRF Risk / Return Rank: 12
EPRF Sharpe Ratio Rank: 13
EPRF Sortino Ratio Rank: 11
EPRF Omega Ratio Rank: 11
EPRF Calmar Ratio Rank: 11
EPRF Martin Ratio Rank: 11

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. EVPF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator S&P High Quality Preferred ETF (EPRF) and Eaton Vance Preferred Securities and Income ETF (EVPF). 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.

	EPRF	EVPF	Difference
Sharpe ratio Return per unit of total volatility	0.27	—	—
Sortino ratio Return per unit of downside risk	0.44	—	—
Omega ratio Gain probability vs. loss probability	1.05	—	—
Calmar ratio Return relative to maximum drawdown	0.24	—	—
Martin ratio Return relative to average drawdown	0.51	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EPRF	EVPF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	1.13	-1.04

Drawdowns

EPRF vs. EVPF - Drawdown Comparison

The maximum EPRF drawdown since its inception was -26.82%, which is greater than EVPF's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for EPRF and EVPF.

Drawdown Indicators

	EPRF	EVPF	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-2.36%	-24.46%
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	-11.06%	-0.17%	-10.89%
Average Drawdown Average peak-to-trough decline	-7.37%	-0.52%	-6.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	—	—

Volatility

Volatility by Period

	EPRF	EVPF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.55%	4.31%	+3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.81%	4.31%	+7.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.49%	4.31%	+9.18%

EPRF vs. EVPF - Expense Ratio Comparison

EPRF has a 0.47% expense ratio, which is higher than EVPF's 0.39% expense ratio.

Dividends

EPRF vs. EVPF - Dividend Comparison

EPRF's dividend yield for the trailing twelve months is around 6.18%, more than EVPF's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
EVPF Eaton Vance Preferred Securities and Income ETF	1.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPRF and EVPF in my portfolio?

EPRF and EVPF have a correlation of 0.71, 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 EVPF?

On fees, EVPF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EPRF or EVPF?

EVPF is cheaper with a 0.39% expense ratio, compared with 0.47% for EPRF.

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

EPRF has the higher dividend yield at 6.18%, compared with 1.08% for EVPF.

What is the main difference between EPRF and EVPF?

They also come from different issuers: Innovator and Eaton Vance. Their fees differ too: 0.47% for EPRF and 0.39% for EVPF.