- Issuer
- Palmer Square
- Inception Date
- Sep 11, 2024
- Category
- CLO
- Leveraged
- 1x (No leverage)
- Index Tracked
- Palmer Square CLO Senior Debt Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PSQA Performance Chart
Palmer Square CLO Senior Debt ETF (PSQA) is up 2.9% since the beginning of the year. PSQA is currently trading at $21 per share.
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Returns By Period
Palmer Square CLO Senior Debt ETF (PSQA) has returned 2.89% so far this year and 5.69% over the past 12 months.
Palmer Square CLO Senior Debt ETF
- 1D
- 0.34%
- 1M
- 0.58%
- 6M
- 2.49%
- YTD
- 2.89%
- 1Y
- 5.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
PSQA Monthly Returns History
Based on dividend-adjusted daily data since Sep 12, 2024, PSQA's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 96% of months were positive and 4% were negative. The best month was May 2025 with a return of +1.1%, while the worst month was Apr 2025 at -0.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 1 months.
On a daily basis, PSQA closed higher 56% of trading days. The best single day was Mar 31, 2025 with a return of +1.0%, while the worst single day was Jun 25, 2026 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.49% | 0.29% | 0.42% | 0.61% | 0.30% | 0.16% | 0.59% | 2.89% | |||||
| 2025 | 0.65% | 0.54% | 0.99% | -0.83% | 1.09% | 0.34% | 0.49% | 0.49% | 0.43% | 0.59% | 0.29% | 0.61% | 5.82% |
| 2024 | 0.31% | 0.68% | 0.32% | 0.47% | 1.80% |
Benchmark Metrics
Palmer Square CLO Senior Debt ETF has an annualized alpha of 5.47%, beta of 0.02, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 12, 2024.
- This ETF captured 11.55% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -20.34%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R2 of 0.02 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 0.02 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.
- Alpha
- 5.47%
- Beta
- 0.02
- R²
- 0.02
- Upside Capture
- 11.55%
- Downside Capture
- -20.34%
Expense Ratio
PSQA has an expense ratio of 0.21%, which is considered low.
Return for Risk
Risk / Return Rank
PSQA ranks 93 for risk / return — in the top 93% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Palmer Square CLO Senior Debt ETF (PSQA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PSQA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.31 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 7.32 | 2.35 | +4.97 |
| Martin ratioReturn relative to average drawdown | 23.92 | 10.19 | +13.73 |
Dividends
Dividend History
Palmer Square CLO Senior Debt ETF provided a 4.12% dividend yield over the last twelve months, with an annual payout of $0.85 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.85 | $0.91 | $0.29 |
Dividend yield | 4.12% | 4.48% | 1.45% |
Monthly Dividends
The table displays the monthly dividend distributions for Palmer Square CLO Senior Debt ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 | $0.00 | $0.37 | |||||
| 2025 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.91 |
| 2024 | $0.29 | $0.29 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Palmer Square CLO Senior Debt 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 Palmer Square CLO Senior Debt ETF was 1.25%, occurring on Apr 10, 2025. Recovery took 25 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-1.25%Apr 2025 | 9d | 1mo 6d | 1mo 15dApr 2025 - May 2025 | 2025 selloff2025 |
-0.78%Dec 2025 | 3d | 1mo 8d | 1mo 11dDec 2025 - Feb 2026 | — |
-0.70%May 2026 | 3d | 1mo 18d | 1mo 21dApr 2026 - Jun 2026 | — |
-0.69%Jun 2026 | 3d | 12d | 15dJun 2026 - Jul 2026 | — |
-0.42%Feb 2026 | 1d | 12d | 13dFeb 2026 - Feb 2026 | — |
Drawdown Indicators
| PSQA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.25% | -56.78% | +55.53% |
Max Drawdown (1Y)Largest decline over 1 year | -0.78% | -9.10% | +8.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.49% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -10.70% | +10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 2.09% | -1.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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