CSPF vs. CSSD

Last updated Jun 4, 2026

CSPF (Cohen & Steers Preferred and Income Opportunities Active ETF) and CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) are both Preferred Stock/Convertible Bonds funds from Cohen & Steers. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. CSPF charges 0.59%/yr vs 0.49%/yr for CSSD.

Performance

CSPF vs. CSSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Preferred and Income Opportunities Active ETF (CSPF) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CSPF having a 2.65% return and CSSD slightly lower at 2.56%.

CSPF

• 1D: -0.21%
• 1M: 0.65%
• YTD: 2.65%
• 6M: 2.72%
• 1Y: 9.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSSD

• 1D: 0.04%
• 1M: 0.63%
• YTD: 2.56%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPF vs. CSSD - Yearly Performance Comparison

	2026 (YTD)	2025
CSPF Cohen & Steers Preferred and Income Opportunities Active ETF	2.65%	0.23%
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.56%	0.51%

Correlation

The correlation between CSPF and CSSD is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.56

Return for Risk

CSPF vs. CSSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSPF

CSPF Risk / Return Rank: 71
CSPF Sharpe Ratio Rank: 70
CSPF Sortino Ratio Rank: 72
CSPF Omega Ratio Rank: 76
CSPF Calmar Ratio Rank: 61
CSPF Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSPF vs. CSSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Preferred and Income Opportunities Active ETF (CSPF) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CSPF	CSSD	Difference
Sharpe ratio: Return per unit of total volatility	2.26	—	—
Sortino ratio: Return per unit of downside risk	3.25	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.00	—	—
Martin ratio: Return relative to average drawdown	13.63	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CSPF	CSSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.96	2.09	-0.13

Drawdowns

CSPF vs. CSSD - Drawdown Comparison

The maximum CSPF drawdown since its inception was -3.06%, which is greater than CSSD's maximum drawdown of -2.32%. Use the drawdown chart below to compare losses from any high point for CSPF and CSSD.

Drawdown Indicators

	CSPF	CSSD	Difference
Max Drawdown Largest peak-to-trough decline	-3.06%	-2.32%	-0.74%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	—	—
Current Drawdown Current decline from peak	-0.32%	0.00%	-0.32%
Average Drawdown Average peak-to-trough decline	-0.44%	-0.32%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	—	—

Volatility

Volatility by Period

	CSPF	CSSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.07%	3.18%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.17%	3.18%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.17%	3.18%	+0.99%

CSPF vs. CSSD - Expense Ratio Comparison

CSPF has a 0.59% expense ratio, which is higher than CSSD's 0.49% expense ratio.

Dividends

CSPF vs. CSSD - Dividend Comparison

CSPF's dividend yield for the trailing twelve months is around 5.16%, more than CSSD's 2.63% yield.

Position	TTM	2025
CSPF Cohen & Steers Preferred and Income Opportunities Active ETF	5.16%	4.63%
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.63%	0.53%

Frequently Asked Questions

Can I hold both CSPF and CSSD in my portfolio?

CSPF and CSSD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSPF or CSSD?

On fees, CSSD is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSPF or CSSD?

CSSD is cheaper with a 0.49% expense ratio, compared with 0.59% for CSPF.

Which ETF pays a higher dividend yield, CSPF or CSSD?

CSPF has the higher dividend yield at 5.16%, compared with 2.63% for CSSD.

What is the main difference between CSPF and CSSD?

Their fees differ too: 0.59% for CSPF and 0.49% for CSSD.