KIFAX vs. PSF
KIFAX (Salient Select Income Fund) and PSF (Cohen & Steers Select Preferred and Income Fund) are both Preferred Stock funds. Over the past 10 years, KIFAX returned 2.90%/yr vs 4.36%/yr for PSF. Their 0.36 correlation means their historical movements had little consistent relationship. KIFAX charges 1.53%/yr vs 4.28%/yr for PSF.
Performance
KIFAX vs. PSF - Performance Comparison
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Returns By Period
In the year-to-date period, KIFAX achieves a 4.67% return, which is significantly higher than PSF's 0.34% return. Over the past 10 years, KIFAX has underperformed PSF with an annualized return of 2.90%, while PSF has yielded a comparatively higher 4.36% annualized return.
KIFAX
- 1D
- -0.45%
- 1M
- 1.38%
- 6M
- 3.72%
- YTD
- 4.67%
- 1Y
- 6.92%
- 3Y*
- 6.64%
- 5Y*
- 2.45%
- 10Y*
- 2.90%
- ALL TIME*
- 6.38%
PSF
- 1D
- 0.21%
- 1M
- -2.13%
- 6M
- -1.54%
- YTD
- 0.34%
- 1Y
- 2.20%
- 3Y*
- 8.87%
- 5Y*
- -1.54%
- 10Y*
- 4.36%
- ALL TIME*
- 6.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $595.94K | $607.90K | $850.43K |
KIFAX vs. PSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KIFAX Salient Select Income Fund | 4.67% | 1.49% | 6.73% | 14.45% | -15.79% | 14.98% | -3.07% | 18.13% | -8.76% | 1.47% |
PSF Cohen & Steers Select Preferred and Income Fund | 0.34% | 10.63% | 12.84% | 9.88% | -24.55% | 3.89% | -3.78% | 42.60% | -9.01% | 16.79% |
Correlation
The correlation between KIFAX and PSF is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2010 | 0.36 |
The correlation between KIFAX and PSF shifts across timeframes, from 0.28 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KIFAX vs. PSF — Risk / Return Rank
KIFAX
PSF
KIFAX vs. PSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient Select Income Fund (KIFAX) and Cohen & Steers Select Preferred and Income Fund (PSF). 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.
| KIFAX | PSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.27 | +0.87 |
| Martin ratioReturn relative to average drawdown | 3.03 | 0.86 | +2.16 |
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Drawdowns
KIFAX vs. PSF - Drawdown Comparison
The maximum KIFAX drawdown since its inception was -70.56%, which is greater than PSF's maximum drawdown of -55.01%. Use the drawdown chart below to compare losses from any high point for KIFAX and PSF.
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Drawdown Indicators
| KIFAX | PSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.56% | -55.01% | -15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.53% | -7.28% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -13.13% | -12.23% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.46% | -40.80% | +20.34% |
Max Drawdown (10Y)Largest decline over 10 years | -45.84% | -55.01% | +9.17% |
Current DrawdownCurrent decline from peak | -0.45% | -8.79% | +8.34% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -9.97% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.26% | -0.19% |
Volatility
KIFAX vs. PSF - Volatility Comparison
The current volatility for Salient Select Income Fund (KIFAX) is 1.62%, while Cohen & Steers Select Preferred and Income Fund (PSF) has a volatility of 2.05%. This indicates that KIFAX experiences smaller price fluctuations and is considered to be less risky than PSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KIFAX | PSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 2.05% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | 7.21% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 8.65% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.01% | 14.11% | -5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.17% | 21.07% | -6.90% |
KIFAX vs. PSF - Expense Ratio Comparison
KIFAX has a 1.53% expense ratio, which is lower than PSF's 4.28% expense ratio.
Dividends
KIFAX vs. PSF - Dividend Comparison
KIFAX's dividend yield for the trailing twelve months is around 7.52%, less than PSF's 7.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIFAX Salient Select Income Fund | 7.52% | 7.48% | 6.88% | 6.50% | 4.62% | 4.72% | 4.62% | 5.04% | 6.00% | 9.13% | 6.40% | 12.33% |
PSF Cohen & Steers Select Preferred and Income Fund | 7.77% | 7.46% | 7.65% | 8.29% | 8.65% | 9.08% | 7.02% | 6.55% | 8.68% | 7.70% | 9.35% | 8.81% |
Frequently Asked Questions
KIFAX and PSF have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSF has higher volatility (2.05%) compared to KIFAX (1.62%). In terms of maximum drawdown, KIFAX dropped -70.56% vs PSF's -55.01%.
KIFAX currently has the higher Sharpe Ratio (1.04 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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