PQDI vs. EPRF
PQDI (Principal Spectrum Preferred and Income ETF) and EPRF (Innovator S&P High Quality Preferred ETF) are both Preferred Stock funds - PQDI tracks the ICE BofA 7% Constrained DRD Eligible Preferred Securities Index while EPRF tracks the S&P U.S. High Quality Preferred Stock Index. Both are passively managed. Over the past 5 years, PQDI returned 3.08%/yr vs -2.10%/yr for EPRF. Their 0.58 correlation means they have sometimes moved together and sometimes differently. PQDI charges 0.60%/yr vs 0.47%/yr for EPRF.
Performance
PQDI vs. EPRF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PQDI achieves a 1.57% return, which is significantly higher than EPRF's -2.35% return.
PQDI
- 1D
- 0.26%
- 1M
- -0.57%
- 6M
- 0.87%
- YTD
- 1.57%
- 1Y
- 5.21%
- 3Y*
- 8.21%
- 5Y*
- 3.08%
- 10Y*
- —
- ALL TIME*
- 4.63%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $130.96K | $126.83K | $172.59K | |
| $194.13K | $147.05K | $129.07K |
PQDI vs. EPRF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PQDI Principal Spectrum Preferred and Income ETF | 1.57% | 8.46% | 9.99% | 6.24% | -9.61% | 3.10% | 9.95% |
EPRF Innovator S&P High Quality Preferred ETF | -2.35% | 2.69% | 3.46% | 9.43% | -20.68% | 1.37% | 8.22% |
Correlation
The correlation between PQDI and EPRF is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2020 | 0.58 |
The correlation between PQDI and EPRF has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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
PQDI vs. EPRF — Risk / Return Rank
PQDI
EPRF
PQDI vs. EPRF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred and Income ETF (PQDI) and Innovator S&P High Quality Preferred ETF (EPRF). 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.
| PQDI | EPRF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.96 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | -0.23 | +1.83 |
| Martin ratioReturn relative to average drawdown | 6.84 | -0.41 | +7.25 |
Loading charts...
Drawdowns
PQDI vs. EPRF - Drawdown Comparison
The maximum PQDI drawdown since its inception was -17.41%, smaller than the maximum EPRF drawdown of -26.82%. Use the drawdown chart below to compare losses from any high point for PQDI and EPRF.
Loading charts...
Drawdown Indicators
| PQDI | EPRF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -26.82% | +9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -8.59% | +5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -12.29% | +8.98% |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | -25.23% | +7.82% |
Current DrawdownCurrent decline from peak | -0.67% | -11.03% | +10.36% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -7.44% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 4.83% | -4.06% |
Volatility
PQDI vs. EPRF - Volatility Comparison
The current volatility for Principal Spectrum Preferred and Income ETF (PQDI) is 0.92%, while Innovator S&P High Quality Preferred ETF (EPRF) has a volatility of 1.91%. This indicates that PQDI experiences smaller price fluctuations and is considered to be less risky than EPRF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PQDI | EPRF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.91% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 5.51% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 7.44% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 11.85% | -7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 13.39% | -8.87% |
PQDI vs. EPRF - Expense Ratio Comparison
PQDI has a 0.60% expense ratio, which is higher than EPRF's 0.47% expense ratio.
Dividends
PQDI vs. EPRF - Dividend Comparison
PQDI's dividend yield for the trailing twelve months is around 5.58%, less than EPRF's 6.18% 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% |
PQDI Principal Spectrum Preferred and Income ETF | 5.16% | 5.02% | 4.93% | 5.35% | 5.60% | 5.21% | 2.69% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PQDI and EPRF have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPRF has higher volatility (1.91%) compared to PQDI (0.92%). In terms of maximum drawdown, PQDI dropped -17.41% vs EPRF's -26.82%.
On 5-year performance, PQDI leads with 3.08% vs -2.10% for EPRF. On fees, EPRF is cheaper at 0.47% per year. On volatility, PQDI has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PQDI has performed better with a 3.08% return vs -2.10%. 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 0.60% for PQDI.
EPRF has the higher dividend yield at 6.18%, compared with 5.16% for PQDI.
PQDI tracks ICE BofA 7% Constrained DRD Eligible Preferred Securities Index, while EPRF tracks S&P U.S. High Quality Preferred Stock Index. They also come from different issuers: Principal and Innovator. Their fees differ too: 0.60% for PQDI and 0.47% for EPRF.
PQDI currently has the higher Sharpe Ratio (1.57 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.
Find the right allocation for PQDI and EPRF
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