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EPRF vs SPIB

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

EPRF

Innovator S&P Investment Grade Preferred ETF

Annual cost

0.47%

Fund size

$72M

SPIB

State Street SPDR Portfolio Intermediate Term Corporate Bond ETF

Annual cost

0.04%

Fund size

$11.0B

Key differences

  • SPIB costs 0.43% less per year.
  • SPIB is significantly larger than EPRF — larger funds tend to be more liquid and less likely to close.
  • EPRF is classified as alternative, while SPIB is fixed income — different risk/return profiles.
  • EPRF follows a structured outcome strategy; SPIB uses index tracking.
  • Over the last 3 years, SPIB has delivered higher annualized returns.
  • SPIB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

EPRFSPIB
Annual cost (TER)0.47%0.04%
Fund size (AUM)$72M$11.0B
Since20162009
Dividend yield6.08%4.43%
Asset classalternativefixed income
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+4.0%+5.8%
CAGR 3Y+4.0%+5.8%
CAGR 5Y-1.5%+1.9%
Sharpe 3Y0.090.58
Volatility 1Y7.59%2.85%
Max drawdown-26.82%-14.94%

Similar to EPRF and SPIB