EPRF vs. ISCMF

Last updated Jun 23, 2026

EPRF (Innovator S&P High Quality Preferred ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) 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 ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. Both are passively managed. Over the past 3 years, EPRF returned 3.00%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.03, they often move in opposite directions. EPRF charges 0.47%/yr vs 0.19%/yr for ISCMF.

Performance

EPRF vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator S&P High Quality Preferred ETF (EPRF) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPRF achieves a -2.56% return, which is significantly lower than ISCMF's 22.87% return.

EPRF

• 1D: -1.18%
• 1M: -0.37%
• YTD: -2.56%
• 6M: -3.27%
• 1Y: 1.59%
• 3Y*: 3.00%
• 5Y*: -2.09%
• 10Y*: —

ISCMF

• 1D: 0.00%
• 1M: -4.99%
• YTD: 22.87%
• 6M: 22.87%
• 1Y: 31.30%
• 3Y*: 16.78%
• 5Y*: —
• 10Y*: —

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

EPRF vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EPRF Innovator S&P High Quality Preferred ETF	-2.56%	2.69%	3.46%	9.43%	-11.66%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-9.58%	-5.82%

Correlation

The correlation between EPRF and ISCMF is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022	-0.03

Return for Risk

EPRF vs. ISCMF — Risk / Return Rank

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

EPRF

EPRF Risk / Return Rank: 10
EPRF Sharpe Ratio Rank: 11
EPRF Sortino Ratio Rank: 10
EPRF Omega Ratio Rank: 10
EPRF Calmar Ratio Rank: 10
EPRF Martin Ratio Rank: 10

ISCMF

ISCMF Risk / Return Rank: 77
ISCMF Sharpe Ratio Rank: 53
ISCMF Sortino Ratio Rank: 74
ISCMF Omega Ratio Rank: 98
ISCMF Calmar Ratio Rank: 91
ISCMF Martin Ratio Rank: 67

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. ISCMF - 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 Diversified Commodity Swap UCITS ETF (ISCMF). 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	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	0.21	1.76	-1.55
Sortino ratio: Return per unit of downside risk	0.35	3.18	-2.83
Omega ratio: Gain probability vs. loss probability	1.04	2.31	-1.27
Calmar ratio: Return relative to maximum drawdown	0.19	5.53	-5.34
Martin ratio: Return relative to average drawdown	0.38	11.95	-11.57

EPRF vs. ISCMF - Sharpe Ratio Comparison

The current EPRF Sharpe Ratio is 0.21, which is lower than the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of EPRF and ISCMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPRF vs. ISCMF - Drawdown Comparison

The maximum EPRF drawdown since its inception was -26.82%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for EPRF and ISCMF.

Drawdown Indicators

	EPRF	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-25.42%	-1.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-5.69%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-12.29%	-7.62%	-4.67%
Max Drawdown (5Y) Largest decline over 5 years	-25.23%	—	—
Current Drawdown Current decline from peak	-11.22%	-5.26%	-5.96%
Average Drawdown Average peak-to-trough decline	-7.39%	-13.36%	+5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	2.63%	+1.61%

Volatility

EPRF vs. ISCMF - Volatility Comparison

The current volatility for Innovator S&P High Quality Preferred ETF (EPRF) is 2.08%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that EPRF experiences smaller price fluctuations and is considered to be less risky than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPRF	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	5.11%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	5.47%	15.45%	-9.98%
Volatility (1Y) Calculated over the trailing 1-year period	7.63%	17.87%	-10.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.83%	14.29%	-2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.46%	14.29%	-0.83%

EPRF vs. ISCMF - Expense Ratio Comparison

EPRF has a 0.47% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

EPRF vs. ISCMF - Dividend Comparison

EPRF's dividend yield for the trailing twelve months is around 6.19%, while ISCMF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPRF Innovator S&P High Quality Preferred ETF	6.19%	6.03%	6.13%	5.71%	5.67%	4.70%	4.92%	5.01%	5.27%	2.59%
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	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 ISCMF in my portfolio?

EPRF and ISCMF have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPRF or ISCMF?

ISCMF has higher volatility (5.11%) compared to EPRF (2.08%). In terms of maximum drawdown, EPRF dropped -26.82% vs ISCMF's -25.42%.

Which ETF is better, EPRF or ISCMF?

On 3-year performance, ISCMF leads with 16.78% vs 3.00% for EPRF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, EPRF has been the lower-risk option at 2.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPRF or ISCMF?

Over the 3-year period, ISCMF has performed better with a 16.78% return vs 3.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPRF or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.47% for EPRF.

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

EPRF has the higher dividend yield at 6.19%, compared with 0.00% for ISCMF.

What is the main difference between EPRF and ISCMF?

EPRF is categorized as Preferred Stock/Convertible Bonds, while ISCMF is Commodities. EPRF tracks S&P U.S. High Quality Preferred Stock Index, while ISCMF tracks Bloomberg Commodity Index. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.47% for EPRF and 0.19% for ISCMF.

Which has better risk-adjusted returns?

ISCMF currently has the higher Sharpe Ratio (1.76 vs 0.21), 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.