CSZIX vs. PISHX
Compare and contrast key facts about Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) and Cohen & Steers Preferred Securities and Income SMA Shares (PISHX).
CSZIX is an actively managed fund by Cohen & Steers. It was launched on Oct 1, 2014. PISHX is managed by Cohen & Steers. It was launched on Feb 28, 2019.
Performance
CSZIX vs. PISHX - Performance Comparison
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CSZIX vs. PISHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSZIX Cohen & Steers Real Estate Securities Fund Class Z | 1.50% | 4.41% | 6.81% | 13.26% | -26.21% | 41.81% | -1.64% | 17.54% |
PISHX Cohen & Steers Preferred Securities and Income SMA Shares | -1.14% | 9.65% | 12.50% | 7.91% | -11.73% | 4.30% | 8.57% | 12.46% |
Returns By Period
In the year-to-date period, CSZIX achieves a 1.50% return, which is significantly higher than PISHX's -1.14% return.
CSZIX
- 1D
- 0.34%
- 1M
- -7.21%
- YTD
- 1.50%
- 6M
- 0.05%
- 1Y
- 2.50%
- 3Y*
- 7.70%
- 5Y*
- 4.44%
- 10Y*
- 6.42%
PISHX
- 1D
- 0.00%
- 1M
- -2.56%
- YTD
- -1.14%
- 6M
- 0.08%
- 1Y
- 6.86%
- 3Y*
- 10.90%
- 5Y*
- 4.03%
- 10Y*
- —
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CSZIX vs. PISHX - Expense Ratio Comparison
CSZIX has a 0.75% expense ratio, which is higher than PISHX's 0.00% expense ratio.
Return for Risk
CSZIX vs. PISHX — Risk / Return Rank
CSZIX
PISHX
CSZIX vs. PISHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) and Cohen & Steers Preferred Securities and Income SMA Shares (PISHX). 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.
| CSZIX | PISHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | 2.13 | -1.93 |
Sortino ratioReturn per unit of downside risk | 0.38 | 2.66 | -2.28 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.54 | -0.48 |
Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.93 | -1.67 |
Martin ratioReturn relative to average drawdown | 1.07 | 8.68 | -7.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSZIX | PISHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 2.13 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.89 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.77 | -0.44 |
Correlation
The correlation between CSZIX and PISHX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CSZIX vs. PISHX - Dividend Comparison
CSZIX's dividend yield for the trailing twelve months is around 3.10%, less than PISHX's 5.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSZIX Cohen & Steers Real Estate Securities Fund Class Z | 3.10% | 3.81% | 2.85% | 3.00% | 7.77% | 4.38% | 5.47% | 7.70% | 3.68% | 2.60% | 5.90% | 22.32% |
PISHX Cohen & Steers Preferred Securities and Income SMA Shares | 5.12% | 5.52% | 5.89% | 5.92% | 5.45% | 4.25% | 4.59% | 3.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSZIX vs. PISHX - Drawdown Comparison
The maximum CSZIX drawdown since its inception was -42.71%, which is greater than PISHX's maximum drawdown of -27.12%. Use the drawdown chart below to compare losses from any high point for CSZIX and PISHX.
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Drawdown Indicators
| CSZIX | PISHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -27.12% | -15.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -3.46% | -8.37% |
Max Drawdown (5Y)Largest decline over 5 years | -33.05% | -19.14% | -13.91% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | — | — |
Current DrawdownCurrent decline from peak | -7.65% | -2.83% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -4.03% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 0.77% | +2.19% |
Volatility
CSZIX vs. PISHX - Volatility Comparison
Cohen & Steers Real Estate Securities Fund Class Z (CSZIX) has a higher volatility of 4.31% compared to Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) at 1.22%. This indicates that CSZIX's price experiences larger fluctuations and is considered to be riskier than PISHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSZIX | PISHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 1.22% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 1.76% | +7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 3.22% | +12.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.67% | 4.54% | +14.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.79% | 7.43% | +13.36% |