EPRF vs. ICVT
Compare and contrast key facts about Innovator S&P High Quality Preferred ETF (EPRF) and iShares Convertible Bond ETF (ICVT).
EPRF and ICVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EPRF is a passively managed fund by Innovator that tracks the performance of the S&P U.S. High Quality Preferred Stock Index. It was launched on May 24, 2016. ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015. Both EPRF and ICVT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EPRF vs. ICVT - Performance Comparison
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EPRF vs. ICVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPRF Innovator S&P High Quality Preferred ETF | -3.97% | 2.69% | 3.46% | 9.43% | -20.68% | 1.37% | 7.38% | 19.54% | -5.58% | -0.31% |
ICVT iShares Convertible Bond ETF | 4.76% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 7.24% |
Returns By Period
In the year-to-date period, EPRF achieves a -3.97% return, which is significantly lower than ICVT's 4.76% return.
EPRF
- 1D
- 0.32%
- 1M
- -3.09%
- YTD
- -3.97%
- 6M
- -6.90%
- 1Y
- -0.23%
- 3Y*
- 2.29%
- 5Y*
- -2.00%
- 10Y*
- —
ICVT
- 1D
- 1.14%
- 1M
- -2.51%
- YTD
- 4.76%
- 6M
- 2.81%
- 1Y
- 24.91%
- 3Y*
- 14.62%
- 5Y*
- 3.78%
- 10Y*
- 12.37%
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EPRF vs. ICVT - Expense Ratio Comparison
EPRF has a 0.47% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Return for Risk
EPRF vs. ICVT — Risk / Return Rank
EPRF
ICVT
EPRF vs. ICVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator S&P High Quality Preferred ETF (EPRF) and iShares Convertible Bond ETF (ICVT). 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 | ICVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 1.78 | -1.81 |
Sortino ratioReturn per unit of downside risk | 0.03 | 2.41 | -2.39 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.33 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.36 | -3.36 |
Martin ratioReturn relative to average drawdown | -0.01 | 11.42 | -11.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EPRF | ICVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 1.78 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.29 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.68 | -0.61 |
Correlation
The correlation between EPRF and ICVT is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EPRF vs. ICVT - Dividend Comparison
EPRF's dividend yield for the trailing twelve months is around 6.28%, more than ICVT's 1.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPRF Innovator S&P High Quality Preferred ETF | 6.28% | 6.03% | 6.13% | 5.71% | 5.67% | 4.70% | 4.92% | 5.01% | 5.27% | 2.59% | 0.00% | 0.00% |
ICVT iShares Convertible Bond ETF | 1.59% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Drawdowns
EPRF vs. ICVT - Drawdown Comparison
The maximum EPRF drawdown since its inception was -26.82%, smaller than the maximum ICVT drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for EPRF and ICVT.
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Drawdown Indicators
| EPRF | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.82% | -33.25% | +6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -7.55% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -25.23% | -29.95% | +4.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.25% | — |
Current DrawdownCurrent decline from peak | -12.50% | -2.57% | -9.93% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -9.64% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.22% | +1.08% |
Volatility
EPRF vs. ICVT - Volatility Comparison
The current volatility for Innovator S&P High Quality Preferred ETF (EPRF) is 2.46%, while iShares Convertible Bond ETF (ICVT) has a volatility of 6.51%. This indicates that EPRF experiences smaller price fluctuations and is considered to be less risky than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPRF | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 6.51% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.28% | 11.70% | -6.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.88% | 14.06% | -5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.73% | 13.20% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.57% | 15.54% | -1.97% |