CSRE vs. CSPF

Last updated Jun 4, 2026

CSRE (Cohen & Steers Real Estate Active ETF) and CSPF (Cohen & Steers Preferred and Income Opportunities Active ETF) are both exchange-traded funds - CSRE is a REIT fund actively managed by Cohen & Steers, while CSPF is a Preferred Stock/Convertible Bonds fund actively managed by Cohen & Steers. Both are actively managed. Over the past year, CSRE returned 10.86% vs 9.14% for CSPF. At a 0.27 correlation, their price movements are largely independent. CSRE charges 0.70%/yr vs 0.59%/yr for CSPF.

Performance

CSRE vs. CSPF - Performance Comparison

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

Returns By Period

In the year-to-date period, CSRE achieves a 9.87% return, which is significantly higher than CSPF's 2.65% return.

CSRE

• 1D: -0.20%
• 1M: -1.86%
• YTD: 9.87%
• 6M: 8.55%
• 1Y: 10.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSPF

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

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

CSRE vs. CSPF - Yearly Performance Comparison

	2026 (YTD)	2025
CSRE Cohen & Steers Real Estate Active ETF	9.87%	3.27%
CSPF Cohen & Steers Preferred and Income Opportunities Active ETF	2.65%	8.03%

Correlation

The correlation between CSRE and CSPF is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.27

Return for Risk

CSRE vs. CSPF — Risk / Return Rank

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

CSRE

CSRE Risk / Return Rank: 26
CSRE Sharpe Ratio Rank: 24
CSRE Sortino Ratio Rank: 23
CSRE Omega Ratio Rank: 24
CSRE Calmar Ratio Rank: 28
CSRE Martin Ratio Rank: 29

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.

CSRE vs. CSPF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Active ETF (CSRE) and Cohen & Steers Preferred and Income Opportunities Active ETF (CSPF). 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.

	CSRE	CSPF	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.26	-1.42
Sortino ratio: Return per unit of downside risk	1.20	3.25	-2.04
Omega ratio: Gain probability vs. loss probability	1.15	1.45	-0.30
Calmar ratio: Return relative to maximum drawdown	1.29	3.00	-1.71
Martin ratio: Return relative to average drawdown	4.17	13.63	-9.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSRE vs. CSPF - Sharpe Ratio Comparison

The current CSRE Sharpe Ratio is 0.84, which is lower than the CSPF Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of CSRE and CSPF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSRE	CSPF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	2.26	-1.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.96	-1.31

Drawdowns

CSRE vs. CSPF - Drawdown Comparison

The maximum CSRE drawdown since its inception was -13.03%, which is greater than CSPF's maximum drawdown of -3.06%. Use the drawdown chart below to compare losses from any high point for CSRE and CSPF.

Drawdown Indicators

	CSRE	CSPF	Difference
Max Drawdown Largest peak-to-trough decline	-13.03%	-3.06%	-9.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-3.06%	-5.38%
Current Drawdown Current decline from peak	-3.46%	-0.32%	-3.14%
Average Drawdown Average peak-to-trough decline	-2.29%	-0.44%	-1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	0.67%	+1.94%

Volatility

CSRE vs. CSPF - Volatility Comparison

Cohen & Steers Real Estate Active ETF (CSRE) has a higher volatility of 3.56% compared to Cohen & Steers Preferred and Income Opportunities Active ETF (CSPF) at 1.08%. This indicates that CSRE's price experiences larger fluctuations and is considered to be riskier than CSPF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSRE	CSPF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	1.08%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	9.53%	3.03%	+6.50%
Volatility (1Y) Calculated over the trailing 1-year period	13.00%	4.07%	+8.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	4.17%	+11.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	4.17%	+11.28%

CSRE vs. CSPF - Expense Ratio Comparison

CSRE has a 0.70% expense ratio, which is higher than CSPF's 0.59% expense ratio.

Dividends

CSRE vs. CSPF - Dividend Comparison

CSRE's dividend yield for the trailing twelve months is around 2.30%, less than CSPF's 5.16% yield.

Position	TTM	2025
CSPF Cohen & Steers Preferred and Income Opportunities Active ETF	5.16%	4.63%
CSRE Cohen & Steers Real Estate Active ETF	2.30%	2.71%

Frequently Asked Questions

Can I hold both CSRE and CSPF in my portfolio?

CSRE and CSPF have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSRE or CSPF?

CSRE has higher volatility (3.56%) compared to CSPF (1.08%). In terms of maximum drawdown, CSRE dropped -13.03% vs CSPF's -3.06%.

Which ETF is better, CSRE or CSPF?

On 1-year performance, CSRE leads with 10.86% vs 9.14% for CSPF. On fees, CSPF is cheaper at 0.59% per year. On volatility, CSPF has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSRE or CSPF?

Over the 1-year period, CSRE has performed better with a 10.86% return vs 9.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSRE or CSPF?

CSPF is cheaper with a 0.59% expense ratio, compared with 0.70% for CSRE.

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

CSPF has the higher dividend yield at 5.16%, compared with 2.30% for CSRE.

What is the main difference between CSRE and CSPF?

CSRE is categorized as REIT, while CSPF is Preferred Stock/Convertible Bonds. Their fees differ too: 0.70% for CSRE and 0.59% for CSPF.

Which has better risk-adjusted returns?

CSPF currently has the higher Sharpe Ratio (2.26 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.