CSSD vs. PGF

Last updated Jun 24, 2026

CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) and PGF (Invesco Financial Preferred ETF) are both Preferred Stock/Convertible Bonds funds. CSSD is actively managed, while PGF is passively managed. At a 0.47 correlation, their price movements are largely independent. CSSD charges 0.49%/yr vs 0.62%/yr for PGF.

Performance

CSSD vs. PGF - 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 Invesco Financial Preferred ETF (PGF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSSD achieves a 2.72% return, which is significantly higher than PGF's -0.57% return.

CSSD

• 1D: -0.12%
• 1M: 0.68%
• YTD: 2.72%
• 6M: 2.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PGF

• 1D: -0.24%
• 1M: -0.26%
• YTD: -0.57%
• 6M: -0.43%
• 1Y: 3.27%
• 3Y*: 4.83%
• 5Y*: -1.00%
• 10Y*: 2.28%

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

CSSD vs. PGF - Yearly Performance Comparison

	2026 (YTD)	2025
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.72%	0.49%
PGF Invesco Financial Preferred ETF	-0.57%	0.94%

Correlation

The correlation between CSSD and PGF is 0.47, 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	0.47

Return for Risk

CSSD vs. PGF — 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.

PGF

PGF Risk / Return Rank: 16
PGF Sharpe Ratio Rank: 17
PGF Sortino Ratio Rank: 16
PGF Omega Ratio Rank: 15
PGF Calmar Ratio Rank: 17
PGF Martin Ratio Rank: 15

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. PGF - 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 Invesco Financial Preferred ETF (PGF). 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	PGF	Difference
Sharpe ratio: Return per unit of total volatility	—	0.52	—
Sortino ratio: Return per unit of downside risk	—	0.80	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	0.70	—
Martin ratio: Return relative to average drawdown	—	1.40	—

Drawdowns

CSSD vs. PGF - Drawdown Comparison

The maximum CSSD drawdown since its inception was -2.32%, smaller than the maximum PGF drawdown of -75.69%. Use the drawdown chart below to compare losses from any high point for CSSD and PGF.

Drawdown Indicators

	CSSD	PGF	Difference
Max Drawdown Largest peak-to-trough decline	-2.32%	-75.69%	+73.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.92%	—
Current Drawdown Current decline from peak	-0.20%	-5.62%	+5.42%
Average Drawdown Average peak-to-trough decline	-0.29%	-7.00%	+6.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.35%	—

Volatility

Volatility by Period

	CSSD	PGF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.08%	6.29%	-3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.08%	11.38%	-8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.08%	12.01%	-8.93%

CSSD vs. PGF - Expense Ratio Comparison

CSSD has a 0.49% expense ratio, which is lower than PGF's 0.62% expense ratio.

Dividends

CSSD vs. PGF - Dividend Comparison

CSSD's dividend yield for the trailing twelve months is around 2.63%, less than PGF's 6.36% 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%
PGF Invesco Financial Preferred ETF	6.36%	6.30%	6.24%	6.15%	5.95%	4.68%	4.91%	5.14%	5.73%	5.32%	5.92%	5.68%

Frequently Asked Questions

Can I hold both CSSD and PGF in my portfolio?

CSSD and PGF have a correlation of 0.47, 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 PGF?

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 PGF?

CSSD is cheaper with a 0.49% expense ratio, compared with 0.62% for PGF.

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

PGF has the higher dividend yield at 6.36%, compared with 2.63% for CSSD.

What is the main difference between CSSD and PGF?

They also come from different issuers: Cohen & Steers and Invesco. Their fees differ too: 0.49% for CSSD and 0.62% for PGF.