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EPRF vs SPBO

Innovator S&P Investment Grade Preferred ETF vs State Street SPDR Portfolio Corporate Bond ETF

EPRF

Innovator S&P Investment Grade Preferred ETF

Annual cost

0.47%

Fund size

$72M

SPBO

State Street SPDR Portfolio Corporate Bond ETF

Annual cost

0.03%

Fund size

$2.0B

Key differences

  • SPBO costs 0.44% less per year.
  • SPBO is significantly larger than EPRF — larger funds tend to be more liquid and less likely to close.
  • EPRF is classified as alternative, while SPBO is fixed income — different risk/return profiles.
  • EPRF covers north america markets; SPBO covers global.
  • EPRF follows a structured outcome strategy; SPBO uses index tracking.
  • Over the last 3 years, SPBO has delivered higher annualized returns.
  • SPBO has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

EPRFSPBO
Annual cost (TER)0.47%0.03%
Fund size (AUM)$72M$2.0B
Since20162011
Dividend yield6.08%5.12%
Asset classalternativefixed income
Regionnorth americaglobal
Strategystructured outcomeindex tracking
CAGR 1Y+4.0%+7.2%
CAGR 3Y+4.0%+5.7%
CAGR 5Y-1.5%+0.9%
Sharpe 3Y0.090.36
Volatility 1Y7.59%4.45%
Max drawdown-26.82%-22.04%

Similar to EPRF and SPBO