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EPRF vs SPY

Innovator S&P Investment Grade Preferred ETF vs State Street SPDR S&P 500 ETF Trust

EPRF

Innovator S&P Investment Grade Preferred ETF

Innovator ETFs

Annual cost

0.47%

Fund size

$72M

SPY

State Street SPDR S&P 500 ETF Trust

State Street Investment Management

Annual cost

0.09%

Fund size

$735.1B

Key differences

  • SPY costs 0.38% less per year.
  • SPY is significantly larger than EPRF — larger funds tend to be more liquid and less likely to close.
  • EPRF is classified as alternative, while SPY is equity — different risk/return profiles.
  • EPRF follows a structured outcome strategy; SPY uses index tracking.
  • Over the last 3 years, SPY has delivered higher annualized returns.
  • SPY has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

EPRFSPY
Annual cost (TER)0.47%0.09%
Fund size (AUM)$72M$735.1B
Since20161993
Dividend yield6.08%1.03%
Asset classalternativeequity
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+4.0%+31.1%
CAGR 3Y+4.0%+23.0%
CAGR 5Y-1.5%+14.4%
Sharpe 3Y0.091.21
Volatility 1Y7.59%11.99%
Max drawdown-26.82%-33.72%

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

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