Correlation
The correlation between NPSRX and PSK is 0.31, 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.
NPSRX vs. PSK
Compare and contrast key facts about Nuveen Preferred Securities & Income Fund (NPSRX) and SPDR ICE Preferred Securities ETF (PSK).
NPSRX is managed by Nuveen. It was launched on Dec 18, 2006. PSK is a passively managed fund by State Street that tracks the performance of the PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index. It was launched on Sep 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NPSRX or PSK.
Performance
NPSRX vs. PSK - Performance Comparison
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Key characteristics
NPSRX:
2.54
PSK:
0.07
NPSRX:
3.41
PSK:
0.18
NPSRX:
1.60
PSK:
1.02
NPSRX:
2.47
PSK:
0.06
NPSRX:
11.27
PSK:
0.16
NPSRX:
0.79%
PSK:
4.62%
NPSRX:
3.64%
PSK:
9.24%
NPSRX:
-59.99%
PSK:
-30.10%
NPSRX:
0.00%
PSK:
-9.77%
Returns By Period
In the year-to-date period, NPSRX achieves a 2.89% return, which is significantly higher than PSK's -2.02% return. Over the past 10 years, NPSRX has outperformed PSK with an annualized return of 4.76%, while PSK has yielded a comparatively lower 2.60% annualized return.
NPSRX
2.89%
1.68%
2.53%
8.43%
5.26%
5.23%
4.76%
PSK
-2.02%
0.22%
-5.88%
-0.23%
0.77%
0.02%
2.60%
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NPSRX vs. PSK - Expense Ratio Comparison
NPSRX has a 0.74% expense ratio, which is higher than PSK's 0.45% expense ratio.
Risk-Adjusted Performance
NPSRX vs. PSK — Risk-Adjusted Performance Rank
NPSRX
PSK
NPSRX vs. PSK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Preferred Securities & Income Fund (NPSRX) and SPDR ICE Preferred Securities ETF (PSK). 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.
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Dividends
NPSRX vs. PSK - Dividend Comparison
NPSRX's dividend yield for the trailing twelve months is around 5.87%, less than PSK's 6.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NPSRX Nuveen Preferred Securities & Income Fund | 5.87% | 5.87% | 5.87% | 5.82% | 4.97% | 5.02% | 5.40% | 6.01% | 5.53% | 5.85% | 6.23% | 6.54% |
PSK SPDR ICE Preferred Securities ETF | 6.83% | 6.55% | 6.44% | 6.55% | 5.03% | 5.08% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% | 5.65% |
Drawdowns
NPSRX vs. PSK - Drawdown Comparison
The maximum NPSRX drawdown since its inception was -59.99%, which is greater than PSK's maximum drawdown of -30.10%. Use the drawdown chart below to compare losses from any high point for NPSRX and PSK.
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Volatility
NPSRX vs. PSK - Volatility Comparison
The current volatility for Nuveen Preferred Securities & Income Fund (NPSRX) is 0.80%, while SPDR ICE Preferred Securities ETF (PSK) has a volatility of 2.49%. This indicates that NPSRX experiences smaller price fluctuations and is considered to be less risky than PSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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