EPRF vs IVV
Innovator S&P Investment Grade Preferred ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EPRF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.03% | |
| AUM | $68M | $865.2B | |
| Dividend Yield | 5.71% | 1.09% | |
| Holdings | 81 | 508 | |
| YTD Return | -6.38% | +13.43% | |
| 1Y Return | -7.16% | +22.61% | |
| 3Y Return (annualized) | +0.98% | +21.47% | |
| 5Y Return (annualized) | -3.19% | +13.26% | |
| Volatility (annualized) | 10.6% | 15.1% | |
| Max Drawdown | -26.8% | -56.5% | |
| Fund Family | Innovator ETFs Trust | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | May 23, 2016 | May 15, 2000 |
EPRF vs IVV Performance
Innovator S&P Investment Grade Preferred ETF (EPRF) is a ETF from Innovator ETFs Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EPRF returned -7.16% while IVV returned +22.61%. Year to date, EPRF is down 6.38% versus a gain of 13.43% for IVV.
Over three years, EPRF compounded at +0.98% per year against +21.47% for IVV; over five years the annualized figures are -3.19% and +13.26% respectively. Across the full 10-year window we track, IVV has the edge at +7.03% annualized vs +0.76%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.6% for EPRF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.8% for EPRF and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EPRF charges 0.47% per year while IVV charges 0.03%. On a $10,000 position that is $47 vs $3 annually, a gap of $44 per year that compounds over a long holding period. On income, EPRF currently yields 5.71% against 1.09% for IVV.
Holdings Overlap
EPRF and IVV share 3 holdings out of 570 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EPRF or IVV?
EPRF has an expense ratio of 0.47% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, EPRF or IVV?
Over the past year EPRF returned -7.16% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), EPRF annualized +0.76% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, EPRF or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 10.6% for EPRF. Worst drawdown: EPRF -26.8% vs IVV -56.5%.
Should I hold both EPRF and IVV?
EPRF and IVV have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EPRF and IVV?
EPRF and IVV share 3 common holdings with a 0.3% weight overlap. Combined, they hold 570 unique securities.
Which pays a higher dividend, EPRF or IVV?
EPRF yields 5.71% while IVV yields 1.09%, so EPRF currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.