FTSM vs. PSDSX
Compare and contrast key facts about First Trust Enhanced Short Maturity ETF (FTSM) and Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX).
FTSM is an actively managed fund by First Trust. It was launched on Aug 5, 2014. PSDSX is managed by Palmer Square. It was launched on Oct 7, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTSM or PSDSX.
Key characteristics
| FTSM | PSDSX | |
|---|---|---|
| YTD Return | 4.51% | 5.17% |
| 1Y Return | 5.56% | 6.24% |
| 3Y Return (Ann) | 3.53% | 3.54% |
| 5Y Return (Ann) | 2.41% | 2.50% |
| Sharpe Ratio | 10.98 | 14.37 |
| Sortino Ratio | 28.07 | 70.49 |
| Omega Ratio | 6.18 | 41.70 |
| Calmar Ratio | 83.47 | 125.47 |
| Martin Ratio | 337.05 | 1,153.56 |
| Ulcer Index | 0.02% | 0.01% |
| Daily Std Dev | 0.51% | 0.44% |
| Max Drawdown | -4.12% | -3.03% |
| Current Drawdown | -0.05% | 0.00% |
Correlation
The correlation between FTSM and PSDSX is 0.29, 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.
Performance
FTSM vs. PSDSX - Performance Comparison
In the year-to-date period, FTSM achieves a 4.51% return, which is significantly lower than PSDSX's 5.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTSM vs. PSDSX - Expense Ratio Comparison
FTSM has a 0.25% expense ratio, which is lower than PSDSX's 0.53% expense ratio.
Risk-Adjusted Performance
FTSM vs. PSDSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Short Maturity ETF (FTSM) and Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX). 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.
Dividends
FTSM vs. PSDSX - Dividend Comparison
FTSM's dividend yield for the trailing twelve months is around 4.96%, less than PSDSX's 5.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 4.96% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.15% | 1.38% | 1.03% | 0.48% | 0.19% |
PSDSX Palmer Square Ultra-Short Duration Investment Grade Fund | 5.54% | 4.64% | 1.70% | 0.51% | 1.21% | 2.51% | 2.18% | 1.50% | 0.26% | 0.00% | 0.00% |
Drawdowns
FTSM vs. PSDSX - Drawdown Comparison
The maximum FTSM drawdown since its inception was -4.12%, which is greater than PSDSX's maximum drawdown of -3.03%. Use the drawdown chart below to compare losses from any high point for FTSM and PSDSX. For additional features, visit the drawdowns tool.
Volatility
FTSM vs. PSDSX - Volatility Comparison
First Trust Enhanced Short Maturity ETF (FTSM) has a higher volatility of 0.13% compared to Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) at 0.11%. This indicates that FTSM's price experiences larger fluctuations and is considered to be riskier than PSDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.