CSSD vs. PFLD

Last updated Jun 4, 2026

CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) and PFLD (AAM Low Duration Preferred and Income Securities ETF 144A) are both Preferred Stock/Convertible Bonds funds. CSSD is actively managed, while PFLD is passively managed. At a 0.36 correlation, their price movements are largely independent. CSSD charges 0.49%/yr vs 0.45%/yr for PFLD.

Performance

CSSD vs. PFLD - 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 AAM Low Duration Preferred and Income Securities ETF 144A (PFLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CSSD having a 2.56% return and PFLD slightly higher at 2.58%.

CSSD

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

PFLD

• 1D: -0.10%
• 1M: 0.43%
• YTD: 2.58%
• 6M: 3.06%
• 1Y: 5.71%
• 3Y*: 5.03%
• 5Y*: 1.02%
• 10Y*: —

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

CSSD vs. PFLD - Yearly Performance Comparison

	2026 (YTD)	2025
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.56%	0.51%
PFLD AAM Low Duration Preferred and Income Securities ETF 144A	2.58%	0.46%

Correlation

The correlation between CSSD and PFLD is 0.36, 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	0.36

Return for Risk

CSSD vs. PFLD — Risk / Return Rank

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

PFLD

PFLD Risk / Return Rank: 55
PFLD Sharpe Ratio Rank: 50
PFLD Sortino Ratio Rank: 59
PFLD Omega Ratio Rank: 52
PFLD Calmar Ratio Rank: 53
PFLD Martin Ratio Rank: 64

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. PFLD - 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 AAM Low Duration Preferred and Income Securities ETF 144A (PFLD). 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	PFLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.09	0.16	+1.93

Drawdowns

CSSD vs. PFLD - Drawdown Comparison

The maximum CSSD drawdown since its inception was -2.32%, smaller than the maximum PFLD drawdown of -33.20%. Use the drawdown chart below to compare losses from any high point for CSSD and PFLD.

Drawdown Indicators

	CSSD	PFLD	Difference
Max Drawdown Largest peak-to-trough decline	-2.32%	-33.20%	+30.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.51%	—
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.32%	-4.17%	+3.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.50%	—

Volatility

Volatility by Period

	CSSD	PFLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.18%	3.40%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.18%	7.50%	-4.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.18%	13.37%	-10.19%

CSSD vs. PFLD - Expense Ratio Comparison

CSSD has a 0.49% expense ratio, which is higher than PFLD's 0.45% expense ratio.

Dividends

CSSD vs. PFLD - Dividend Comparison

CSSD's dividend yield for the trailing twelve months is around 2.63%, less than PFLD's 5.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
PFLD AAM Low Duration Preferred and Income Securities ETF 144A	5.60%	6.52%	7.09%	7.09%	5.76%	4.52%	4.79%	0.82%

Frequently Asked Questions

Can I hold both CSSD and PFLD in my portfolio?

CSSD and PFLD have a correlation of 0.36, 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 PFLD?

On fees, PFLD is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSSD or PFLD?

PFLD is cheaper with a 0.45% expense ratio, compared with 0.49% for CSSD.

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

PFLD has the higher dividend yield at 5.60%, compared with 2.63% for CSSD.

What is the main difference between CSSD and PFLD?

They also come from different issuers: Cohen & Steers and Advisors Asset Management. Their fees differ too: 0.49% for CSSD and 0.45% for PFLD.