EPRF vs. XTAP
EPRF (Innovator S&P High Quality Preferred ETF) and XTAP (Innovator U.S. Equity Accelerated Plus 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 XTAP is a Leveraged Equities fund actively managed by Innovator. EPRF is passively managed, while XTAP is actively managed. Over the past 5 years, EPRF returned -2.26%/yr vs 10.72%/yr for XTAP. At a 0.50 correlation, their price movements are largely independent. EPRF charges 0.47%/yr vs 0.79%/yr for XTAP.
Performance
EPRF vs. XTAP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EPRF achieves a -3.00% return, which is significantly lower than XTAP's 11.77% return.
EPRF
- 1D
- -0.28%
- 1M
- -1.16%
- 6M
- -4.69%
- YTD
- -3.00%
- 1Y
- -2.40%
- 3Y*
- 2.75%
- 5Y*
- -2.26%
- 10Y*
- —
XTAP
- 1D
- -0.27%
- 1M
- 1.21%
- 6M
- 11.36%
- YTD
- 11.77%
- 1Y
- 18.46%
- 3Y*
- 16.75%
- 5Y*
- 10.72%
- 10Y*
- —
EPRF vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EPRF Innovator S&P High Quality Preferred ETF | -3.00% | 2.69% | 3.46% | 9.43% | -20.68% | 2.28% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 11.77% | 17.58% | 14.26% | 23.46% | -14.68% | 12.26% |
Correlation
The correlation between EPRF and XTAP is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.50 |
The correlation between EPRF and XTAP shifts across timeframes, from 0.44 (3 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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. XTAP — Risk / Return Rank
EPRF
XTAP
EPRF vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator S&P High Quality Preferred ETF (EPRF) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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 | XTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.22 | ||
| Sortino ratioReturn per unit of downside risk | -6.88 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 2.00 | -1.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 10.80 | -11.08 |
| Martin ratioReturn relative to average drawdown | -0.53 | 57.33 | -57.86 |
Loading charts...
Drawdowns
EPRF vs. XTAP - Drawdown Comparison
The maximum EPRF drawdown since its inception was -26.82%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for EPRF and XTAP.
Loading charts...
Drawdown Indicators
| EPRF | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.82% | -22.13% | -4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -1.72% | -6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -11.83% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.23% | -22.13% | -3.10% |
Current DrawdownCurrent decline from peak | -11.62% | -0.27% | -11.35% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -3.39% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 0.32% | +4.24% |
Volatility
EPRF vs. XTAP - Volatility Comparison
Innovator S&P High Quality Preferred ETF (EPRF) has a higher volatility of 2.32% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 1.77%. This indicates that EPRF's price experiences larger fluctuations and is considered to be riskier than XTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EPRF | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.77% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 5.52% | 3.81% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.50% | 4.77% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.85% | 14.55% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 14.29% | -0.86% |
EPRF vs. XTAP - Expense Ratio Comparison
EPRF has a 0.47% expense ratio, which is lower than XTAP's 0.79% expense ratio.
Dividends
EPRF vs. XTAP - Dividend Comparison
EPRF's dividend yield for the trailing twelve months is around 6.22%, while XTAP 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 | 6.22% | 6.03% | 6.13% | 5.71% | 5.67% | 4.70% | 4.92% | 5.01% | 5.27% | 2.59% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EPRF and XTAP have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPRF has higher volatility (2.32%) compared to XTAP (1.77%). In terms of maximum drawdown, EPRF dropped -26.82% vs XTAP's -22.13%.
On 5-year performance, XTAP leads with 10.72% vs -2.26% for EPRF. On fees, EPRF is cheaper at 0.47% per year. On volatility, XTAP has been the lower-risk option at 1.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XTAP has performed better with a 10.72% return vs -2.26%. 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 0.79% for XTAP.
EPRF has the higher dividend yield at 6.22%, compared with 0.00% for XTAP.
EPRF is categorized as Preferred Stock/Convertible Bonds, while XTAP is Leveraged Equities. Their fees differ too: 0.47% for EPRF and 0.79% for XTAP.
XTAP currently has the higher Sharpe Ratio (3.90 vs -0.32), 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 XTAP
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