- Issuer
- Palmer Square
- Inception Date
- Sep 11, 2024
- Region
- North America (United States)
- Category
- Multisector Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $101M
Highlights
- Avg. Volume (1M)
- 60K
- Avg. Volume Value (1M)
- $1.25M
Share Price Chart
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Performance
PSQO Performance Chart
Palmer Square Credit Opportunities ETF (PSQO) is up 2.4% since the beginning of the year. PSQO is currently trading at $21 per share.
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Returns By Period
Palmer Square Credit Opportunities ETF (PSQO) has returned 2.35% so far this year and 5.34% over the past 12 months.
Palmer Square Credit Opportunities ETF
- 1D
- -0.05%
- 1M
- 0.39%
- 6M
- 2.05%
- YTD
- 2.35%
- 1Y
- 5.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.07%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PSQO Monthly Returns History
Based on dividend-adjusted daily data since Sep 12, 2024, PSQO's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 96% of months were positive and 4% were negative. The best month was May 2025 with a return of +1.2%, while the worst month was Mar 2026 at -0.2%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 1 months.
On a daily basis, PSQO closed higher 55% of trading days. The best single day was Oct 21, 2024 with a return of +0.7%, while the worst single day was Oct 22, 2024 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 0.10% | -0.20% | 0.88% | 0.51% | 0.51% | 0.24% | 2.35% | |||||
| 2025 | 1.02% | 0.44% | 0.21% | 0.05% | 1.23% | 0.56% | 0.39% | 0.77% | 0.63% | 0.44% | 0.53% | 0.57% | 7.05% |
| 2024 | 0.65% | 0.13% | 0.62% | 0.55% | 1.96% |
Benchmark Metrics
Palmer Square Credit Opportunities ETF has an annualized alpha of 5.69%, beta of 0.02, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since September 12, 2024.
- This ETF captured 14.27% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -15.51%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R2 of 0.04 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 0.04 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
- 5.69%
- Beta
- 0.02
- R²
- 0.04
- Upside Capture
- 14.27%
- Downside Capture
- -15.51%
Expense Ratio
PSQO has an expense ratio of 0.52%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PSQO ranks 97 for risk / return — above 97% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Palmer Square Credit Opportunities ETF (PSQO) 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.
| PSQO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.25 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 8.19 | 2.00 | +6.19 |
| Martin ratioReturn relative to average drawdown | 32.17 | 8.49 | +23.68 |
Dividends
Dividend History
Palmer Square Credit Opportunities ETF provided a 4.52% dividend yield over the last twelve months, with an annual payout of $0.94 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.94 | $0.92 | $0.28 |
Dividend yield | 4.52% | 4.45% | 1.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Palmer Square Credit Opportunities 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 | $0.14 | $0.00 | $0.00 | $0.24 | $0.00 | $0.38 | |||||
| 2025 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.29 | $0.92 |
| 2024 | $0.28 | $0.28 |
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 Credit Opportunities 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 Credit Opportunities ETF was 0.76%, occurring on Apr 11, 2025. Recovery took 12 trading sessions.
The current Palmer Square Credit Opportunities ETF drawdown is 0.14%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-0.76%Apr 2025 | 10d | 19d | 29dApr 2025 - Apr 2025 | 2025 selloff2025 |
-0.66%Mar 2026 | 1mo 2d | 22d | 1mo 24dFeb 2026 - Apr 2026 | — |
-0.59%Nov 2024 | 3d | 28d | 1mo 1dOct 2024 - Nov 2024 | — |
-0.54%Oct 2024 | 1d | 6d | 6dOct 2024 - Oct 2024 | — |
-0.44%Oct 2024 | 3d | 7d | 10dOct 2024 - Oct 2024 | — |
Drawdown Indicators
| PSQO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -56.78% | +56.02% |
Max Drawdown (1Y)Largest decline over 1 year | -0.66% | -9.10% | +8.44% |
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 | -0.14% | -1.58% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -10.70% | +10.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 2.14% | -1.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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