FPFD vs. CSSD

Last updated Jun 24, 2026

FPFD (Fidelity Preferred Securities & Income ETF) and CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. FPFD charges 0.59%/yr vs 0.49%/yr for CSSD.

Performance

FPFD vs. CSSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Preferred Securities & Income ETF (FPFD) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FPFD achieves a 0.66% return, which is significantly lower than CSSD's 2.72% return.

FPFD

• 1D: -0.09%
• 1M: -0.02%
• YTD: 0.66%
• 6M: 0.74%
• 1Y: 5.33%
• 3Y*: 7.75%
• 5Y*: 1.65%
• 10Y*: —

CSSD

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

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

FPFD vs. CSSD - Yearly Performance Comparison

	2026 (YTD)	2025
FPFD Fidelity Preferred Securities & Income ETF	0.66%	0.36%
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.72%	0.49%

Correlation

The correlation between FPFD and CSSD is 0.61, 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 10, 2025	0.61

Return for Risk

FPFD vs. CSSD — Risk / Return Rank

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

FPFD

FPFD Risk / Return Rank: 52
FPFD Sharpe Ratio Rank: 56
FPFD Sortino Ratio Rank: 60
FPFD Omega Ratio Rank: 61
FPFD Calmar Ratio Rank: 41
FPFD Martin Ratio Rank: 44

CSSD

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

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.

FPFD vs. CSSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Preferred Securities & Income ETF (FPFD) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). 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.

	FPFD	CSSD	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.66	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	1.95	—	—
Martin ratio: Return relative to average drawdown	6.84	—	—

Drawdowns

FPFD vs. CSSD - Drawdown Comparison

The maximum FPFD drawdown since its inception was -20.83%, which is greater than CSSD's maximum drawdown of -2.32%. Use the drawdown chart below to compare losses from any high point for FPFD and CSSD.

Drawdown Indicators

	FPFD	CSSD	Difference
Max Drawdown Largest peak-to-trough decline	-20.83%	-2.32%	-18.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.83%	—	—
Current Drawdown Current decline from peak	-1.29%	-0.20%	-1.09%
Average Drawdown Average peak-to-trough decline	-6.75%	-0.29%	-6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	—	—

Volatility

Volatility by Period

	FPFD	CSSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.98%	3.08%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.31%	3.08%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.30%	3.08%	+2.22%

FPFD vs. CSSD - Expense Ratio Comparison

FPFD has a 0.59% expense ratio, which is higher than CSSD's 0.49% expense ratio.

Dividends

FPFD vs. CSSD - Dividend Comparison

FPFD's dividend yield for the trailing twelve months is around 5.15%, more than CSSD's 2.63% yield.

Position	TTM	2025	2024	2023	2022	2021
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.63%	0.53%	0.00%	0.00%	0.00%	0.00%
FPFD Fidelity Preferred Securities & Income ETF	5.15%	5.04%	4.89%	5.09%	5.22%	1.59%

Frequently Asked Questions

Can I hold both FPFD and CSSD in my portfolio?

FPFD and CSSD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FPFD or CSSD?

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, FPFD or CSSD?

CSSD is cheaper with a 0.49% expense ratio, compared with 0.59% for FPFD.

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

FPFD has the higher dividend yield at 5.15%, compared with 2.63% for CSSD.

What is the main difference between FPFD and CSSD?

They also come from different issuers: Fidelity and Cohen & Steers. Their fees differ too: 0.59% for FPFD and 0.49% for CSSD.