CSSD vs. PFFV

Last updated Jul 12, 2026

CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) and PFFV (Global X Variable Rate Preferred ETF) are both Preferred Stock/Convertible Bonds funds. CSSD is actively managed, while PFFV is passively managed. At a 0.46 correlation, their price movements are largely independent. CSSD charges 0.49%/yr vs 0.25%/yr for PFFV.

Performance

CSSD vs. PFFV - 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 Global X Variable Rate Preferred ETF (PFFV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSSD achieves a 3.12% return, which is significantly higher than PFFV's 2.47% return.

CSSD

• 1D: 0.08%
• 1M: 0.50%
• 6M: 2.57%
• YTD: 3.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFFV

• 1D: -0.14%
• 1M: -0.22%
• 6M: 1.24%
• YTD: 2.47%
• 1Y: 3.14%
• 3Y*: 7.00%
• 5Y*: 1.87%
• 10Y*: —

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

CSSD vs. PFFV - Yearly Performance Comparison

	2026 (YTD)	2025
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	3.12%	0.49%
PFFV Global X Variable Rate Preferred ETF	2.47%	0.05%

Correlation

The correlation between CSSD and PFFV is 0.46, 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 10, 2025	0.46

Return for Risk

CSSD vs. PFFV — Risk / Return Rank

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

CSSD

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

PFFV

PFFV Risk / Return Rank: 23
PFFV Sharpe Ratio Rank: 24
PFFV Sortino Ratio Rank: 22
PFFV Omega Ratio Rank: 22
PFFV Calmar Ratio Rank: 24
PFFV Martin Ratio Rank: 24

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. PFFV - 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 Global X Variable Rate Preferred ETF (PFFV). 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.

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.

	CSSD	PFFV	Difference
Sharpe ratio: Return per unit of total volatility	—	0.73	—
Sortino ratio: Return per unit of downside risk	—	1.07	—
Omega ratio: Gain probability vs. loss probability	—	1.13	—
Calmar ratio: Return relative to maximum drawdown	—	0.93	—
Martin ratio: Return relative to average drawdown	—	2.58	—

Drawdowns

CSSD vs. PFFV - Drawdown Comparison

The maximum CSSD drawdown since its inception was -2.32%, smaller than the maximum PFFV drawdown of -18.96%. Use the drawdown chart below to compare losses from any high point for CSSD and PFFV.

Drawdown Indicators

	CSSD	PFFV	Difference
Max Drawdown Largest peak-to-trough decline	-2.32%	-18.96%	+16.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.96%	—
Current Drawdown Current decline from peak	-0.16%	-0.75%	+0.59%
Average Drawdown Average peak-to-trough decline	-0.28%	-4.12%	+3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.17%	—

Volatility

Volatility by Period

	CSSD	PFFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.02%	4.12%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.02%	8.86%	-5.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.02%	8.63%	-5.61%

CSSD vs. PFFV - Expense Ratio Comparison

CSSD has a 0.49% expense ratio, which is higher than PFFV's 0.25% expense ratio.

Dividends

CSSD vs. PFFV - Dividend Comparison

CSSD's dividend yield for the trailing twelve months is around 3.14%, less than PFFV's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	3.14%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%
PFFV Global X Variable Rate Preferred ETF	8.17%	8.26%	7.33%	7.17%	6.60%	5.23%	2.29%

Frequently Asked Questions

Can I hold both CSSD and PFFV in my portfolio?

CSSD and PFFV have a correlation of 0.46, 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 PFFV?

On fees, PFFV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSSD or PFFV?

PFFV is cheaper with a 0.25% expense ratio, compared with 0.49% for CSSD.

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

PFFV has the higher dividend yield at 8.17%, compared with 3.14% for CSSD.

What is the main difference between CSSD and PFFV?

They also come from different issuers: Cohen & Steers and Global X. Their fees differ too: 0.49% for CSSD and 0.25% for PFFV.