NPFI vs. CSSD

Last updated Jun 23, 2026

NPFI (Nuveen Preferred And Income ETF) and CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. NPFI charges 0.55%/yr vs 0.49%/yr for CSSD.

Performance

NPFI vs. CSSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Preferred And Income ETF (NPFI) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NPFI achieves a 1.79% return, which is significantly lower than CSSD's 2.84% return.

NPFI

• 1D: 0.00%
• 1M: 0.57%
• YTD: 1.79%
• 6M: 1.93%
• 1Y: 7.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSSD

• 1D: -0.08%
• 1M: 0.80%
• YTD: 2.84%
• 6M: 3.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NPFI vs. CSSD - Yearly Performance Comparison

	2026 (YTD)	2025
NPFI Nuveen Preferred And Income ETF	1.79%	0.57%
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.84%	0.49%

Correlation

The correlation between NPFI and CSSD is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025	0.69

Return for Risk

NPFI vs. CSSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NPFI

NPFI Risk / Return Rank: 74
NPFI Sharpe Ratio Rank: 81
NPFI Sortino Ratio Rank: 88
NPFI Omega Ratio Rank: 91
NPFI Calmar Ratio Rank: 48
NPFI Martin Ratio Rank: 63

CSSD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NPFI vs. CSSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Preferred And Income ETF (NPFI) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). 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.

	NPFI	CSSD	Difference
Sharpe ratio: Return per unit of total volatility	2.48	—	—
Sortino ratio: Return per unit of downside risk	3.81	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	2.30	—	—
Martin ratio: Return relative to average drawdown	11.08	—	—

Drawdowns

NPFI vs. CSSD - Drawdown Comparison

The maximum NPFI drawdown since its inception was -3.18%, which is greater than CSSD's maximum drawdown of -2.32%. Use the drawdown chart below to compare losses from any high point for NPFI and CSSD.

Drawdown Indicators

	NPFI	CSSD	Difference
Max Drawdown Largest peak-to-trough decline	-3.18%	-2.32%	-0.86%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	—	—
Current Drawdown Current decline from peak	-0.08%	-0.08%	0.00%
Average Drawdown Average peak-to-trough decline	-0.33%	-0.29%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	—	—

Volatility

Volatility by Period

	NPFI	CSSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.95%	3.09%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.94%	3.09%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.94%	3.09%	-0.15%

NPFI vs. CSSD - Expense Ratio Comparison

NPFI has a 0.55% expense ratio, which is higher than CSSD's 0.49% expense ratio.

Dividends

NPFI vs. CSSD - Dividend Comparison

NPFI's dividend yield for the trailing twelve months is around 6.40%, more than CSSD's 2.63% yield.

Position	TTM	2025	2024
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.63%	0.53%	0.00%
NPFI Nuveen Preferred And Income ETF	6.40%	6.33%	5.10%

Frequently Asked Questions

Can I hold both NPFI and CSSD in my portfolio?

NPFI and CSSD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NPFI or CSSD?

On fees, CSSD is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NPFI or CSSD?

CSSD is cheaper with a 0.49% expense ratio, compared with 0.55% for NPFI.

Which ETF pays a higher dividend yield, NPFI or CSSD?

NPFI has the higher dividend yield at 6.40%, compared with 2.63% for CSSD.

What is the main difference between NPFI and CSSD?

They also come from different issuers: Nuveen and Cohen & Steers. Their fees differ too: 0.55% for NPFI and 0.49% for CSSD.