CSSD vs. NPFI

Last updated Jun 5, 2026

CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) and NPFI (Nuveen Preferred And Income ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. CSSD charges 0.49%/yr vs 0.55%/yr for NPFI.

Performance

CSSD vs. NPFI - 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 Nuveen Preferred And Income ETF (NPFI). 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 higher than NPFI's 1.68% return.

CSSD

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

NPFI

• 1D: 0.06%
• 1M: 0.43%
• YTD: 1.68%
• 6M: 2.17%
• 1Y: 7.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSSD vs. NPFI - Yearly Performance Comparison

	2026 (YTD)	2025
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.48%	0.51%
NPFI Nuveen Preferred And Income ETF	1.68%	0.40%

Correlation

The correlation between CSSD and NPFI is 0.68, 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	0.68

Return for Risk

CSSD vs. NPFI — Risk / Return Rank

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

NPFI

NPFI Risk / Return Rank: 76
NPFI Sharpe Ratio Rank: 83
NPFI Sortino Ratio Rank: 90
NPFI Omega Ratio Rank: 93
NPFI Calmar Ratio Rank: 50
NPFI Martin Ratio Rank: 66

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. NPFI - 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 Nuveen Preferred And Income ETF (NPFI). 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	NPFI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.03	2.66	-0.63

Drawdowns

CSSD vs. NPFI - Drawdown Comparison

The maximum CSSD drawdown since its inception was -2.32%, smaller than the maximum NPFI drawdown of -3.18%. Use the drawdown chart below to compare losses from any high point for CSSD and NPFI.

Drawdown Indicators

	CSSD	NPFI	Difference
Max Drawdown Largest peak-to-trough decline	-2.32%	-3.18%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.18%	—
Current Drawdown Current decline from peak	-0.08%	-0.06%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.31%	-0.34%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.66%	—

Volatility

Volatility by Period

	CSSD	NPFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.17%	2.91%	+0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.17%	2.95%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.17%	2.95%	+0.22%

CSSD vs. NPFI - Expense Ratio Comparison

CSSD has a 0.49% expense ratio, which is lower than NPFI's 0.55% expense ratio.

Dividends

CSSD vs. NPFI - Dividend Comparison

CSSD's dividend yield for the trailing twelve months is around 2.63%, less than NPFI's 6.40% yield.

Position	TTM	2025	2024
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.63%	0.53%	0.00%
NPFI Nuveen Preferred And Income ETF	6.40%	6.33%	5.10%

Frequently Asked Questions

Can I hold both CSSD and NPFI in my portfolio?

CSSD and NPFI have a correlation of 0.68, 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 NPFI?

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, CSSD or NPFI?

CSSD is cheaper with a 0.49% expense ratio, compared with 0.55% for NPFI.

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

NPFI has the higher dividend yield at 6.40%, compared with 2.63% for CSSD.

What is the main difference between CSSD and NPFI?

They also come from different issuers: Cohen & Steers and Nuveen. Their fees differ too: 0.49% for CSSD and 0.55% for NPFI.