SPDR ICE Preferred Securities ETF (PSK)

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SPDR ICE Preferred Securities ETF (PSK) is down 1.1% since the beginning of the year. PSK is currently trading at $30 per share. Investors who bought $1,000 worth of PSK shares 5 years ago would now be looking at an investment worth $943.

SPDR ICE Preferred Securities ETF (PSK) has returned -1.10% so far this year and -0.14% over the past 12 months. Over the last ten years, PSK has returned 1.86% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Sep 17, 2009, PSK's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.

Historically, 62% of months were positive and 38% were negative. The best month was Jan 2023 with a return of +12.2%, while the worst month was Mar 2020 at -8.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PSK closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +8.4%, while the worst single day was Mar 18, 2020 at -17.1%.

SPDR ICE Preferred Securities ETF has an annualized alpha of 1.01%, beta of 0.30, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since September 17, 2009.

• This ETF participated in 35.34% of S&P 500 Index downside but only 29.74% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.30 may look defensive, but with R2 of 0.25 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.25 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PSK has an expense ratio of 0.45%, placing it in the medium range.

PSK ranks 11 for risk / return — above 11% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

SPDR ICE Preferred Securities ETF provided a 6.54% dividend yield over the last twelve months, with an annual payout of $1.98 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for SPDR ICE Preferred Securities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the SPDR ICE Preferred Securities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the SPDR ICE Preferred Securities ETF was 30.10%, occurring on Mar 18, 2020. Recovery took 105 trading sessions.

The current SPDR ICE Preferred Securities ETF drawdown is 6.47%.

The chart below shows the rolling one-month volatility.