PCSFX vs. PTA

Last updated Jun 23, 2026

PCSFX (Principal Capital Securities Fund) and PTA (Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund) are both Preferred Stock/Convertible Bonds funds. Over the past 5 years, PCSFX returned 3.52%/yr vs 2.59%/yr for PTA. At a 0.34 correlation, their price movements are largely independent.

Performance

PCSFX vs. PTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Capital Securities Fund (PCSFX) and Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCSFX achieves a 1.47% return, which is significantly lower than PTA's 2.77% return.

PCSFX

• 1D: 0.00%
• 1M: 0.71%
• YTD: 1.47%
• 6M: 1.74%
• 1Y: 6.59%
• 3Y*: 10.19%
• 5Y*: 3.52%
• 10Y*: 5.45%

PTA

• 1D: -0.21%
• 1M: -0.76%
• YTD: 2.77%
• 6M: 3.04%
• 1Y: 5.35%
• 3Y*: 12.75%
• 5Y*: 2.59%
• 10Y*: —

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

PCSFX vs. PTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PCSFX Principal Capital Securities Fund	1.47%	8.96%	12.15%	6.82%	-11.35%	3.74%	3.59%
PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund	2.77%	9.04%	15.82%	11.58%	-20.50%	-0.95%	4.49%

Correlation

The correlation between PCSFX and PTA is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020	0.34

Return for Risk

PCSFX vs. PTA — Risk / Return Rank

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

PCSFX

PCSFX Risk / Return Rank: 76
PCSFX Sharpe Ratio Rank: 96
PCSFX Sortino Ratio Rank: 95
PCSFX Omega Ratio Rank: 96
PCSFX Calmar Ratio Rank: 39
PCSFX Martin Ratio Rank: 53

PTA

PTA Risk / Return Rank: 7
PTA Sharpe Ratio Rank: 7
PTA Sortino Ratio Rank: 7
PTA Omega Ratio Rank: 7
PTA Calmar Ratio Rank: 6
PTA Martin Ratio Rank: 6

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.

PCSFX vs. PTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Capital Securities Fund (PCSFX) and Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA). 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.

	PCSFX	PTA	Difference
Sharpe ratio: Return per unit of total volatility	3.14	0.51	+2.63
Sortino ratio: Return per unit of downside risk	4.67	0.78	+3.89
Omega ratio: Gain probability vs. loss probability	1.81	1.10	+0.71
Calmar ratio: Return relative to maximum drawdown	2.27	0.57	+1.70
Martin ratio: Return relative to average drawdown	10.14	1.52	+8.62

PCSFX vs. PTA - Sharpe Ratio Comparison

The current PCSFX Sharpe Ratio is 3.14, which is higher than the PTA Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of PCSFX and PTA, 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

PCSFX vs. PTA - Drawdown Comparison

The maximum PCSFX drawdown since its inception was -22.42%, smaller than the maximum PTA drawdown of -28.71%. Use the drawdown chart below to compare losses from any high point for PCSFX and PTA.

Drawdown Indicators

	PCSFX	PTA	Difference
Max Drawdown Largest peak-to-trough decline	-22.42%	-28.71%	+6.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.97%	-9.49%	+6.52%
Max Drawdown (3Y) Largest decline over 3 years	-2.97%	-13.03%	+10.06%
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	-28.71%	+10.04%
Max Drawdown (10Y) Largest decline over 10 years	-22.42%	—	—
Current Drawdown Current decline from peak	-0.13%	-3.01%	+2.88%
Average Drawdown Average peak-to-trough decline	-2.47%	-8.94%	+6.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	3.54%	-2.88%

Volatility

PCSFX vs. PTA - Volatility Comparison

The current volatility for Principal Capital Securities Fund (PCSFX) is 0.57%, while Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) has a volatility of 2.91%. This indicates that PCSFX experiences smaller price fluctuations and is considered to be less risky than PTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCSFX	PTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	2.91%	-2.34%
Volatility (6M) Calculated over the trailing 6-month period	1.90%	8.28%	-6.38%
Volatility (1Y) Calculated over the trailing 1-year period	2.14%	10.55%	-8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.28%	14.64%	-10.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	14.01%	-8.97%

Dividends

PCSFX vs. PTA - Dividend Comparison

PCSFX's dividend yield for the trailing twelve months is around 5.67%, less than PTA's 8.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCSFX Principal Capital Securities Fund	5.67%	5.80%	5.50%	5.75%	5.68%	4.57%	4.88%	5.43%	6.07%	5.14%	5.08%	5.78%
PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund	8.45%	8.33%	8.37%	8.93%	8.83%	7.10%	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PCSFX and PTA in my portfolio?

PCSFX and PTA have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCSFX or PTA?

PTA has higher volatility (2.91%) compared to PCSFX (0.57%). In terms of maximum drawdown, PCSFX dropped -22.42% vs PTA's -28.71%.

Which has better risk-adjusted returns?

PCSFX currently has the higher Sharpe Ratio (3.14 vs 0.51), 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.