KIFAX vs. PPSIX
Compare and contrast key facts about Salient Select Income Fund (KIFAX) and Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX).
KIFAX is managed by Salient Funds. It was launched on Mar 29, 2001. PPSIX is managed by Principal. It was launched on Apr 30, 2002.
Performance
KIFAX vs. PPSIX - Performance Comparison
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KIFAX vs. PPSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIFAX Salient Select Income Fund | -2.46% | 1.49% | 6.73% | 14.45% | -15.79% | 14.98% | -3.07% | 18.13% | -8.76% | 1.47% |
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | -1.61% | 7.86% | 9.82% | 5.88% | -10.67% | 3.03% | 5.47% | 16.45% | -4.54% | 10.51% |
Returns By Period
In the year-to-date period, KIFAX achieves a -2.46% return, which is significantly lower than PPSIX's -1.61% return. Over the past 10 years, KIFAX has underperformed PPSIX with an annualized return of 3.30%, while PPSIX has yielded a comparatively higher 4.34% annualized return.
KIFAX
- 1D
- 0.40%
- 1M
- -3.29%
- YTD
- -2.46%
- 6M
- -3.90%
- 1Y
- 1.38%
- 3Y*
- 5.75%
- 5Y*
- 2.22%
- 10Y*
- 3.30%
PPSIX
- 1D
- 0.00%
- 1M
- -2.98%
- YTD
- -1.61%
- 6M
- -0.58%
- 1Y
- 4.72%
- 3Y*
- 8.02%
- 5Y*
- 2.57%
- 10Y*
- 4.34%
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KIFAX vs. PPSIX - Expense Ratio Comparison
KIFAX has a 1.53% expense ratio, which is higher than PPSIX's 0.79% expense ratio.
Return for Risk
KIFAX vs. PPSIX — Risk / Return Rank
KIFAX
PPSIX
KIFAX vs. PPSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient Select Income Fund (KIFAX) and Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX). 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.
| KIFAX | PPSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 1.66 | -1.55 |
Sortino ratioReturn per unit of downside risk | 0.21 | 2.10 | -1.88 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.39 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 1.45 | -1.37 |
Martin ratioReturn relative to average drawdown | 0.24 | 6.47 | -6.23 |
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
| KIFAX | PPSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 1.66 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.61 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.82 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.58 | -0.11 |
Correlation
The correlation between KIFAX and PPSIX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
KIFAX vs. PPSIX - Dividend Comparison
KIFAX's dividend yield for the trailing twelve months is around 7.77%, more than PPSIX's 5.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIFAX Salient Select Income Fund | 7.77% | 7.48% | 6.88% | 6.50% | 4.62% | 4.72% | 4.62% | 5.04% | 6.00% | 9.13% | 6.40% | 12.33% |
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | 5.39% | 5.59% | 5.34% | 4.82% | 5.54% | 4.39% | 4.44% | 4.87% | 5.79% | 5.04% | 5.86% | 6.09% |
Drawdowns
KIFAX vs. PPSIX - Drawdown Comparison
The maximum KIFAX drawdown since its inception was -70.56%, which is greater than PPSIX's maximum drawdown of -52.75%. Use the drawdown chart below to compare losses from any high point for KIFAX and PPSIX.
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Drawdown Indicators
| KIFAX | PPSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.56% | -52.75% | -17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -3.18% | -3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.46% | -17.37% | -3.09% |
Max Drawdown (10Y)Largest decline over 10 years | -45.84% | -22.82% | -23.02% |
Current DrawdownCurrent decline from peak | -5.92% | -3.18% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -3.30% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 0.71% | +1.58% |
Volatility
KIFAX vs. PPSIX - Volatility Comparison
Salient Select Income Fund (KIFAX) has a higher volatility of 2.15% compared to Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) at 1.29%. This indicates that KIFAX's price experiences larger fluctuations and is considered to be riskier than PPSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIFAX | PPSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 1.29% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 1.81% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.19% | 2.86% | +5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.99% | 4.20% | +4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.18% | 5.34% | +8.84% |