CSSD vs. CWB

Last updated Jun 5, 2026

CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) and CWB (SPDR Bloomberg Barclays Convertible Securities ETF) are both Preferred Stock/Convertible Bonds funds. CSSD is actively managed, while CWB is passively managed. At a 0.35 correlation, their price movements are largely independent. CSSD charges 0.49%/yr vs 0.40%/yr for CWB.

Performance

CSSD vs. CWB - Performance Comparison

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

Returns By Period

In the year-to-date period, CSSD achieves a 2.48% return, which is significantly lower than CWB's 23.71% return.

CSSD

• 1D: -0.08%
• 1M: 0.48%
• YTD: 2.48%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CWB

• 1D: 0.18%
• 1M: 5.70%
• YTD: 23.71%
• 6M: 21.92%
• 1Y: 38.31%
• 3Y*: 19.54%
• 5Y*: 7.58%
• 10Y*: 12.88%

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

CSSD vs. CWB - Yearly Performance Comparison

	2026 (YTD)	2025
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.48%	0.51%
CWB SPDR Bloomberg Barclays Convertible Securities ETF	23.71%	-1.82%

Correlation

The correlation between CSSD and CWB is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.35

Return for Risk

CSSD vs. CWB — Risk / Return Rank

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

CWB

CWB Risk / Return Rank: 85
CWB Sharpe Ratio Rank: 84
CWB Sortino Ratio Rank: 82
CWB Omega Ratio Rank: 82
CWB Calmar Ratio Rank: 88
CWB Martin Ratio Rank: 87

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.

CSSD vs. CWB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD) and SPDR Bloomberg Barclays Convertible Securities ETF (CWB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CSSD	CWB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.73	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.03	0.92	+1.10

Drawdowns

CSSD vs. CWB - Drawdown Comparison

The maximum CSSD drawdown since its inception was -2.32%, smaller than the maximum CWB drawdown of -32.06%. Use the drawdown chart below to compare losses from any high point for CSSD and CWB.

Drawdown Indicators

	CSSD	CWB	Difference
Max Drawdown Largest peak-to-trough decline	-2.32%	-32.06%	+29.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.06%	—
Current Drawdown Current decline from peak	-0.08%	-0.98%	+0.90%
Average Drawdown Average peak-to-trough decline	-0.31%	-6.17%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.08%	—

Volatility

Volatility by Period

	CSSD	CWB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.17%	14.09%	-10.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.17%	12.94%	-9.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.17%	14.46%	-11.29%

CSSD vs. CWB - Expense Ratio Comparison

CSSD has a 0.49% expense ratio, which is higher than CWB's 0.40% expense ratio.

Dividends

CSSD vs. CWB - Dividend Comparison

CSSD's dividend yield for the trailing twelve months is around 2.63%, more than CWB's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.63%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CWB SPDR Bloomberg Barclays Convertible Securities ETF	1.35%	1.69%	1.85%	1.97%	2.21%	1.97%	2.34%	3.03%	6.17%	4.25%	4.60%	7.52%

Frequently Asked Questions

Can I hold both CSSD and CWB in my portfolio?

CSSD and CWB have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSSD or CWB?

On fees, CWB is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSSD or CWB?

CWB is cheaper with a 0.40% expense ratio, compared with 0.49% for CSSD.

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

CSSD has the higher dividend yield at 2.63%, compared with 1.35% for CWB.

What is the main difference between CSSD and CWB?

They also come from different issuers: Cohen & Steers and State Street. Their fees differ too: 0.49% for CSSD and 0.40% for CWB.