EPRF vs. PFFR
EPRF (Innovator S&P High Quality Preferred ETF) and PFFR (InfraCap REIT Preferred ETF) are both exchange-traded funds - EPRF is a Preferred Stock fund tracking the S&P U.S. High Quality Preferred Stock Index, while PFFR is a REIT fund tracking the Indxx REIT Preferred Stock Index. Both are passively managed. Over the past 5 years, EPRF returned -2.10%/yr vs 1.01%/yr for PFFR. Their 0.55 correlation means they have sometimes moved together and sometimes differently. EPRF charges 0.47%/yr vs 0.45%/yr for PFFR.
Performance
EPRF vs. PFFR - Performance Comparison
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Returns By Period
In the year-to-date period, EPRF achieves a -2.35% return, which is significantly lower than PFFR's 2.67% return.
EPRF
- 1D
- 0.11%
- 1M
- 0.38%
- 6M
- -3.64%
- YTD
- -2.35%
- 1Y
- -1.86%
- 3Y*
- 2.69%
- 5Y*
- -2.10%
- 10Y*
- —
- ALL TIME*
- 1.08%
PFFR
- 1D
- 0.51%
- 1M
- 0.18%
- 6M
- 0.97%
- YTD
- 2.67%
- 1Y
- 4.78%
- 3Y*
- 8.04%
- 5Y*
- 1.01%
- 10Y*
- —
- ALL TIME*
- 3.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $130.96K | $126.83K | $172.59K | |
| $905.65K | $692.13K | $601.53K |
EPRF vs. PFFR - 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% |
PFFR InfraCap REIT Preferred ETF | 2.67% | 5.36% | 7.12% | 21.04% | -23.90% | 6.76% | 0.19% | 20.28% | -7.45% | 2.23% |
Correlation
The correlation between EPRF and PFFR is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2017 | 0.55 |
The correlation between EPRF and PFFR shifts across timeframes, from 0.48 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EPRF vs. PFFR — Risk / Return Rank
EPRF
PFFR
EPRF vs. PFFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator S&P High Quality Preferred ETF (EPRF) and InfraCap REIT Preferred ETF (PFFR). 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 | PFFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.10 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.68 | -0.92 |
| Martin ratioReturn relative to average drawdown | -0.41 | 1.54 | -1.95 |
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Drawdowns
EPRF vs. PFFR - Drawdown Comparison
The maximum EPRF drawdown since its inception was -26.82%, smaller than the maximum PFFR drawdown of -53.02%. Use the drawdown chart below to compare losses from any high point for EPRF and PFFR.
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Drawdown Indicators
| EPRF | PFFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.82% | -53.02% | +26.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -6.57% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -11.16% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -25.23% | -29.80% | +4.57% |
Current DrawdownCurrent decline from peak | -11.03% | -1.25% | -9.78% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -6.91% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 2.91% | +1.92% |
Volatility
EPRF vs. PFFR - Volatility Comparison
The current volatility for Innovator S&P High Quality Preferred ETF (EPRF) is 1.91%, while InfraCap REIT Preferred ETF (PFFR) has a volatility of 2.41%. This indicates that EPRF experiences smaller price fluctuations and is considered to be less risky than PFFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPRF | PFFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.41% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 5.51% | 6.25% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.44% | 8.12% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.85% | 10.53% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.39% | 20.38% | -6.99% |
EPRF vs. PFFR - Expense Ratio Comparison
EPRF has a 0.47% expense ratio, which is higher than PFFR's 0.45% expense ratio.
Dividends
EPRF vs. PFFR - Dividend Comparison
EPRF's dividend yield for the trailing twelve months is around 6.18%, less than PFFR's 8.29% 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% |
PFFR InfraCap REIT Preferred ETF | 8.29% | 7.99% | 7.78% | 7.72% | 8.60% | 6.08% | 6.11% | 5.77% | 6.48% | 6.59% |
Frequently Asked Questions
EPRF and PFFR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFFR has higher volatility (2.41%) compared to EPRF (1.91%). In terms of maximum drawdown, EPRF dropped -26.82% vs PFFR's -53.02%.
On 5-year performance, PFFR leads with 1.01% vs -2.10% for EPRF. On fees, PFFR is cheaper at 0.45% per year. On volatility, EPRF has been the lower-risk option at 1.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PFFR has performed better with a 1.01% return vs -2.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFFR is cheaper with a 0.45% expense ratio, compared with 0.47% for EPRF.
PFFR has the higher dividend yield at 8.29%, compared with 6.18% for EPRF.
EPRF is categorized as Preferred Stock, while PFFR is REIT. EPRF tracks S&P U.S. High Quality Preferred Stock Index, while PFFR tracks Indxx REIT Preferred Stock Index. They also come from different issuers: Innovator and Virtus. Their fees differ too: 0.47% for EPRF and 0.45% for PFFR.
PFFR currently has the higher Sharpe Ratio (0.56 vs -0.27), 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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