PFF vs. CSSD
PFF (iShares Preferred and Income Securities ETF) and CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) are both Preferred Stock/Convertible Bonds funds. PFF is passively managed, while CSSD is actively managed. A 0.52 correlation means they provide meaningful diversification when combined. PFF charges 0.46%/yr vs 0.49%/yr for CSSD.
Performance
PFF vs. CSSD - Performance Comparison
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Returns By Period
In the year-to-date period, PFF achieves a 0.49% return, which is significantly lower than CSSD's 2.92% return.
PFF
- 1D
- -0.62%
- 1M
- -1.86%
- 6M
- -1.60%
- YTD
- 0.49%
- 1Y
- 2.62%
- 3Y*
- 5.73%
- 5Y*
- 0.76%
- 10Y*
- 2.91%
CSSD
- 1D
- -0.20%
- 1M
- 0.31%
- 6M
- 2.37%
- YTD
- 2.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PFF vs. CSSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PFF iShares Preferred and Income Securities ETF | 0.49% | 0.52% |
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF | 2.92% | 0.49% |
Correlation
The correlation between PFF and CSSD is 0.52, 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 | 0.52 |
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Return for Risk
PFF vs. CSSD — Risk / Return Rank
PFF
CSSD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PFF vs. CSSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) 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.
| PFF | CSSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.07 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | — | — |
| Martin ratioReturn relative to average drawdown | 1.40 | — | — |
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Drawdowns
PFF vs. CSSD - Drawdown Comparison
The maximum PFF drawdown since its inception was -65.55%, which is greater than CSSD's maximum drawdown of -2.32%. Use the drawdown chart below to compare losses from any high point for PFF and CSSD.
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Drawdown Indicators
| PFF | CSSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.55% | -2.32% | -63.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.28% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.10% | — | — |
Current DrawdownCurrent decline from peak | -3.45% | -0.36% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -0.28% | -5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | — | — |
Volatility
PFF vs. CSSD - Volatility Comparison
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Volatility by Period
| PFF | CSSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.09% | 3.03% | +4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.37% | 3.03% | +7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.69% | 3.03% | +9.66% |
PFF vs. CSSD - Expense Ratio Comparison
PFF has a 0.46% expense ratio, which is lower than CSSD's 0.49% expense ratio.
Dividends
PFF vs. CSSD - Dividend Comparison
PFF's dividend yield for the trailing twelve months is around 5.52%, more than CSSD's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF | 3.15% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFF iShares Preferred and Income Securities ETF | 5.52% | 6.30% | 6.32% | 6.63% | 6.01% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% |
Frequently Asked Questions
PFF and CSSD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PFF is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PFF is cheaper with a 0.46% expense ratio, compared with 0.49% for CSSD.
PFF has the higher dividend yield at 5.52%, compared with 3.15% for CSSD.
They also come from different issuers: iShares and Cohen & Steers. Their fees differ too: 0.46% for PFF and 0.49% for CSSD.
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