Screener
AAPR vs PREF
Innovator Equity Defined Protection ETF - 2 Yr to April 2026 vs Principal Spectrum Preferred Securities Active ETF
Key differences
- PREF costs 0.24% less per year.
- PREF is significantly larger than AAPR — larger funds tend to be more liquid and less likely to close.
- AAPR is classified as alternative, while PREF is fixed income — different risk/return profiles.
- AAPR covers north america markets; PREF covers global.
- AAPR follows a structured outcome strategy; PREF uses active selection.
- PREF has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| AAPR | PREF | |
|---|---|---|
| Annual cost (TER) | 0.79% | 0.55% |
| Fund size (AUM) | $52M | $1.5B |
| Since | 2024 | 2017 |
| Dividend yield | 0.00% | 5.03% |
| Asset class | alternative | fixed income |
| Region | north america | global |
| Strategy | structured outcome | active selection |
| CAGR 1Y | +10.6% | +7.0% |
| CAGR 3Y | N/A | +9.8% |
| CAGR 5Y | N/A | +3.2% |
| Sharpe 3Y | N/A | 1.63 |
| Volatility 1Y | 2.35% | 3.08% |
| Max drawdown | -5.99% | -22.99% |
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