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FTSM vs. PSDSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.3

Performance

FTSM vs. PSDSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Enhanced Short Maturity ETF (FTSM) and Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX). The values are adjusted to include any dividend payments, if applicable.

17.00%18.00%19.00%20.00%21.00%JulyAugustSeptemberOctoberNovemberDecember
20.33%
21.00%
FTSM
PSDSX

Key characteristics

Sharpe Ratio

FTSM:

10.30

PSDSX:

13.70

Sortino Ratio

FTSM:

24.77

PSDSX:

66.33

Omega Ratio

FTSM:

5.48

PSDSX:

39.29

Calmar Ratio

FTSM:

78.46

PSDSX:

117.78

Martin Ratio

FTSM:

298.55

PSDSX:

1,083.43

Ulcer Index

FTSM:

0.02%

PSDSX:

0.01%

Daily Std Dev

FTSM:

0.51%

PSDSX:

0.43%

Max Drawdown

FTSM:

-4.12%

PSDSX:

-3.03%

Current Drawdown

FTSM:

0.00%

PSDSX:

0.00%

Returns By Period

In the year-to-date period, FTSM achieves a 5.07% return, which is significantly lower than PSDSX's 5.69% return.


FTSM

YTD

5.07%

1M

0.42%

6M

2.67%

1Y

5.21%

5Y*

2.47%

10Y*

2.00%

PSDSX

YTD

5.69%

1M

0.40%

6M

2.83%

1Y

5.85%

5Y*

2.55%

10Y*

N/A

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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.


PSDSX
Palmer Square Ultra-Short Duration Investment Grade Fund
Expense ratio chart for PSDSX: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%
Expense ratio chart for FTSM: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

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.


Sharpe ratio
The chart of Sharpe ratio for FTSM, currently valued at 10.30, compared to the broader market0.002.004.0010.3013.70
The chart of Sortino ratio for FTSM, currently valued at 24.77, compared to the broader market-2.000.002.004.006.008.0010.0024.7766.33
The chart of Omega ratio for FTSM, currently valued at 5.48, compared to the broader market0.501.001.502.002.503.005.4839.29
The chart of Calmar ratio for FTSM, currently valued at 78.46, compared to the broader market0.005.0010.0015.0078.46117.78
The chart of Martin ratio for FTSM, currently valued at 298.55, compared to the broader market0.0020.0040.0060.0080.00100.00298.551,083.43
FTSM
PSDSX

The current FTSM Sharpe Ratio is 10.30, which is comparable to the PSDSX Sharpe Ratio of 13.70. The chart below compares the historical Sharpe Ratios of FTSM and PSDSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio10.0011.0012.0013.0014.0015.00JulyAugustSeptemberOctoberNovemberDecember
10.30
13.70
FTSM
PSDSX

Dividends

FTSM vs. PSDSX - Dividend Comparison

FTSM's dividend yield for the trailing twelve months is around 4.93%, more than PSDSX's 4.01% yield.


TTM2023202220212020201920182017201620152014
FTSM
First Trust Enhanced Short Maturity ETF
4.93%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
4.01%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.


-0.07%-0.06%-0.05%-0.04%-0.03%-0.02%-0.01%0.00%JulyAugustSeptemberOctoberNovemberDecember00
FTSM
PSDSX

Volatility

FTSM vs. PSDSX - Volatility Comparison

First Trust Enhanced Short Maturity ETF (FTSM) has a higher volatility of 0.16% compared to Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) at 0.13%. 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.


0.12%0.14%0.16%0.18%0.20%0.22%JulyAugustSeptemberOctoberNovemberDecember
0.16%
0.13%
FTSM
PSDSX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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