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AAPR vs PFF

Innovator Equity Defined Protection ETF - 2 Yr to April 2026 vs iShares Preferred and Income Securities ETF

AAPR

Innovator Equity Defined Protection ETF - 2 Yr to April 2026

Innovator ETFs

Annual cost

0.79%

Fund size

$52M

PFF

iShares Preferred and Income Securities ETF

iShares

Annual cost

0.45%

Fund size

$13.9B

Key differences

  • PFF costs 0.34% less per year.
  • PFF is significantly larger than AAPR — larger funds tend to be more liquid and less likely to close.
  • AAPR is classified as alternative, while PFF is fixed income — different risk/return profiles.
  • AAPR follows a structured outcome strategy; PFF uses index tracking.
  • PFF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AAPRPFF
Annual cost (TER)0.79%0.45%
Fund size (AUM)$52M$13.9B
Since20242007
Dividend yield0.00%5.65%
Asset classalternativefixed income
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+10.5%+10.2%
CAGR 3YN/A+7.8%
CAGR 5YN/A+1.8%
Sharpe 3YN/A0.51
Volatility 1Y2.45%6.79%
Max drawdown-5.99%-34.10%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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