LDP vs. ORDNX

Last updated Aug 4, 2026

LDP (Cohen and Steers Limited Duration Preferred and Income Fund) and ORDNX (North Square Preferred and Income Securities Fund) are both Preferred Stock funds. Over the past 10 years, LDP returned 5.95%/yr vs 11.21%/yr for ORDNX. Their 0.30 correlation means their historical movements had little consistent relationship. LDP charges 0.01%/yr vs 1.27%/yr for ORDNX.

Performance

LDP vs. ORDNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen and Steers Limited Duration Preferred and Income Fund (LDP) and North Square Preferred and Income Securities Fund (ORDNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDP achieves a 1.41% return, which is significantly higher than ORDNX's 1.10% return. Over the past 10 years, LDP has underperformed ORDNX with an annualized return of 5.95%, while ORDNX has yielded a comparatively higher 11.21% annualized return.

LDP

• 1D: -0.15%
• 1M: -2.60%
• 6M: -0.38%
• YTD: 1.41%
• 1Y: 3.68%
• 3Y*: 12.51%
• 5Y*: 2.50%
• 10Y*: 5.95%
• ALL TIME*: 6.61%

ORDNX

• 1D: 0.00%
• 1M: -0.86%
• 6M: 0.40%
• YTD: 1.10%
• 1Y: 3.83%
• 3Y*: 9.48%
• 5Y*: 5.87%
• 10Y*: 11.21%
• ALL TIME*: 10.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LDP Cohen and Steers Limited Duration Preferred and Income Fund	$1.19M	$1.09M	$1.22M
ORDNX North Square Preferred and Income Securities Fund	$0.00	$0.00	$0.00

LDP vs. ORDNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LDP Cohen and Steers Limited Duration Preferred and Income Fund	1.41%	13.04%	18.49%	5.79%	-22.31%	7.81%	9.49%	29.72%	-9.69%	14.56%
ORDNX North Square Preferred and Income Securities Fund	1.10%	7.30%	14.81%	15.24%	-14.22%	27.51%	12.29%	31.10%	-0.98%	20.57%

Correlation

The correlation between LDP and ORDNX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (3Y) Balances recent behavior with more history.	0.40
Correlation (5Y) Shows whether the relationship held over a longer period.	0.38
Correlation (10Y) Provides a long-term view across more market conditions.	0.32
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.30

Over the past year, LDP and ORDNX have become more correlated (0.51) than their long-term average of 0.30, meaning their price movements have been converging.

Return for Risk

LDP vs. ORDNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LDP

LDP Risk / Return Rank: 9
LDP Sharpe Ratio Rank: 9
LDP Sortino Ratio Rank: 9
LDP Omega Ratio Rank: 9
LDP Calmar Ratio Rank: 8
LDP Martin Ratio Rank: 11

ORDNX

ORDNX Risk / Return Rank: 54
ORDNX Sharpe Ratio Rank: 66
ORDNX Sortino Ratio Rank: 65
ORDNX Omega Ratio Rank: 72
ORDNX Calmar Ratio Rank: 30
ORDNX Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LDP vs. ORDNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen and Steers Limited Duration Preferred and Income Fund (LDP) and North Square Preferred and Income Securities Fund (ORDNX). 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.

	LDP	ORDNX	Difference
Sharpe ratio: Return per unit of total volatility	0.39	1.65	-1.26
Sortino ratio: Return per unit of downside risk	0.61	2.37	-1.76
Omega ratio: Gain probability vs. loss probability	1.08	1.33	-0.25
Calmar ratio: Return relative to maximum drawdown	0.39	1.43	-1.04
Martin ratio: Return relative to average drawdown	1.60	5.76	-4.16

LDP vs. ORDNX - Sharpe Ratio Comparison

The current LDP Sharpe Ratio is 0.39, which is lower than the ORDNX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of LDP and ORDNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LDP vs. ORDNX - Drawdown Comparison

The maximum LDP drawdown since its inception was -49.59%, which is greater than ORDNX's maximum drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for LDP and ORDNX.

Drawdown Indicators

	LDP	ORDNX	Difference
Max Drawdown Largest peak-to-trough decline	-49.59%	-34.40%	-15.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-2.66%	-6.72%
Max Drawdown (3Y) Largest decline over 3 years	-12.02%	-5.50%	-6.52%
Max Drawdown (5Y) Largest decline over 5 years	-32.12%	-18.77%	-13.35%
Max Drawdown (10Y) Largest decline over 10 years	-49.59%	-34.40%	-15.19%
Current Drawdown Current decline from peak	-2.93%	-0.90%	-2.03%
Average Drawdown Average peak-to-trough decline	-6.50%	-3.77%	-2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	0.66%	+1.65%

Volatility

LDP vs. ORDNX - Volatility Comparison

Cohen and Steers Limited Duration Preferred and Income Fund (LDP) has a higher volatility of 2.54% compared to North Square Preferred and Income Securities Fund (ORDNX) at 0.47%. This indicates that LDP's price experiences larger fluctuations and is considered to be riskier than ORDNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDP	ORDNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	0.47%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	7.97%	2.00%	+5.97%
Volatility (1Y) Calculated over the trailing 1-year period	9.53%	2.30%	+7.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	6.39%	+7.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.05%	14.07%	+5.98%

LDP vs. ORDNX - Expense Ratio Comparison

LDP has a 0.01% expense ratio, which is lower than ORDNX's 1.27% expense ratio.

Dividends

LDP vs. ORDNX - Dividend Comparison

LDP's dividend yield for the trailing twelve months is around 7.65%, more than ORDNX's 6.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDP Cohen and Steers Limited Duration Preferred and Income Fund	7.65%	7.43%	7.78%	8.66%	8.52%	7.99%	6.74%	7.14%	8.58%	7.56%	7.67%	8.31%
ORDNX North Square Preferred and Income Securities Fund	6.78%	6.99%	5.50%	5.72%	15.30%	8.48%	2.77%	1.85%	3.13%	1.22%	2.65%	2.98%

Frequently Asked Questions

Can I hold both LDP and ORDNX in my portfolio?

LDP and ORDNX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LDP or ORDNX?

LDP has higher volatility (2.54%) compared to ORDNX (0.47%). In terms of maximum drawdown, LDP dropped -49.59% vs ORDNX's -34.40%.

Which has better risk-adjusted returns?

ORDNX currently has the higher Sharpe Ratio (1.65 vs 0.39), 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.