EPRF vs FPE
Innovator S&P Investment Grade Preferred ETF compared with First Trust Preferred Securities and Income ETF on yield, payout growth, payment schedule, cost and risk.
EPRF
Innovator S&P Investment Grade Preferred ETF
TTM yield · Monthly
FPE
First Trust Preferred Securities and Income ETF
TTM yield · Monthly
Quick take
- EPRF yields more today: 6.22% vs 6.02% (forward).
- FPE has grown its payout faster: 2.7%/yr vs -3.5%/yr over the last 5 years.
- Both pay every month.
- Over the last year FPE delivered the higher total return: +3.3% vs -3.5% (price change plus payouts).
- EPRF is cheaper to own: 0.47% vs 0.83% expense ratio.
- EPRF has the steadier distribution: consistency 98/100 vs 84/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | EPRF | FPE |
|---|---|---|
| Share price | $16.40 | $17.60 |
| TTM yield | 6.22% | 6.02% |
| Forward yield | 6.22% | 6.02% |
| Annual payout per share | $1.02 | $1.059 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 30, 2026 (est.) | Sep 20, 2026 (est.) |
| Expense ratio | 0.47% | 0.83% |
| 1-year payout growth | -8.4% | +2.6% |
| 5-year payout CAGR | -3.5% | +2.7% |
| Consecutive years of increases | 0 years | 2 years |
| Payout consistency (last 12) | 98/100 | 84/100 |
| 1-year total return | -3.5% | +3.3% |
| 1-year price return | -9.1% | -2.6% |
| Size (market cap / AUM) | 67.3M | 6.3B |
| Years paying | 10.1 | 13.5 |
| Sector / category | Preferred Stock | Preferred Stock |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| EPRF | FPE | |
|---|---|---|
| Shares | 609.6 | 568.2 |
| Income per year | $622 | $602 |
| Income per month (avg) | $52 | $50 |
At forward yields, before taxes. Model EPRF · Model FPE
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| EPRF Sep 30, 2026 | Oct 14, 2026 | $0.085 | Est. |
| EPRF Oct 30, 2026 | Nov 13, 2026 | $0.085 | Est. |
| EPRF Nov 29, 2026 | Dec 13, 2026 | $0.085 | Est. |
| FPE Sep 20, 2026 | Oct 4, 2026 | $0.0882 | Est. |
| FPE Oct 20, 2026 | Nov 3, 2026 | $0.0882 | Est. |
| FPE Nov 19, 2026 | Dec 3, 2026 | $0.0882 | Est. |
Annual payouts per share
EPRFFPE
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, EPRF or FPE?
EPRF currently has the higher trailing yield: EPRF yields 6.22% and FPE yields 6.02%. Yield changes daily with price, so check the live figures above.
How often do EPRF and FPE pay?
EPRF pays every month and FPE pays every month. EPRF's next ex-date is Sep 30, 2026 and FPE's is Sep 20, 2026.
Which has grown its dividend faster, EPRF or FPE?
FPE has grown its payout faster: 2.7%/yr vs -3.5%/yr over the last 5 years.
Is EPRF or FPE better for income?
It depends on what you are optimising for. EPRF and FPE differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.