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PREF vs EPRF

Principal Spectrum Preferred Securities Active ETF vs Innovator S&P Investment Grade Preferred ETF

PREF

Principal Spectrum Preferred Securities Active ETF

Annual cost

0.55%

Fund size

$1.5B

EPRF

Innovator S&P Investment Grade Preferred ETF

Annual cost

0.47%

Fund size

$72M

Key differences

  • EPRF costs 0.08% less per year.
  • PREF is significantly larger than EPRF — larger funds tend to be more liquid and less likely to close.
  • PREF is classified as fixed income, while EPRF is alternative — different risk/return profiles.
  • PREF covers global markets; EPRF covers north america.
  • PREF follows a active selection strategy; EPRF uses structured outcome.
  • Over the last 3 years, PREF has delivered higher annualized returns.

Side-by-side comparison

PREFEPRF
Annual cost (TER)0.55%0.47%
Fund size (AUM)$1.5B$72M
Since20172016
Dividend yield5.03%6.08%
Asset classfixed incomealternative
Regionglobalnorth america
Strategyactive selectionstructured outcome
CAGR 1Y+7.0%+3.6%
CAGR 3Y+9.8%+4.0%
CAGR 5Y+3.2%-1.5%
Sharpe 3Y1.630.09
Volatility 1Y3.08%7.51%
Max drawdown-22.99%-26.82%

Similar to PREF and EPRF