PFLD vs. PSK
Compare and contrast key facts about AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and SPDR ICE Preferred Securities ETF (PSK).
PFLD and PSK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFLD is a passively managed fund by Advisors Asset Management that tracks the performance of the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. It was launched on Nov 19, 2019. 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. Both PFLD and PSK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFLD or PSK.
Performance
PFLD vs. PSK - Performance Comparison
Returns By Period
In the year-to-date period, PFLD achieves a 6.30% return, which is significantly lower than PSK's 7.83% return.
PFLD
6.30%
-0.94%
2.54%
9.21%
2.24%
N/A
PSK
7.83%
-3.40%
4.78%
11.77%
1.00%
3.46%
Key characteristics
| PFLD | PSK | |
|---|---|---|
| Sharpe Ratio | 1.82 | 1.34 |
| Sortino Ratio | 2.61 | 1.90 |
| Omega Ratio | 1.34 | 1.24 |
| Calmar Ratio | 1.07 | 0.72 |
| Martin Ratio | 12.94 | 5.84 |
| Ulcer Index | 0.73% | 1.98% |
| Daily Std Dev | 5.17% | 8.67% |
| Max Drawdown | -33.20% | -30.10% |
| Current Drawdown | -1.22% | -5.26% |
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PFLD vs. PSK - Expense Ratio Comparison
Both PFLD and PSK have an expense ratio of 0.45%.
Correlation
The correlation between PFLD and PSK is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PFLD vs. PSK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) 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.
Dividends
PFLD vs. PSK - Dividend Comparison
PFLD's dividend yield for the trailing twelve months is around 7.50%, more than PSK's 6.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 7.50% | 7.09% | 5.76% | 4.53% | 4.79% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSK SPDR ICE Preferred Securities ETF | 6.30% | 6.44% | 6.55% | 5.03% | 5.49% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% | 5.65% | 7.73% |
Drawdowns
PFLD vs. PSK - Drawdown Comparison
The maximum PFLD drawdown since its inception was -33.20%, which is greater than PSK's maximum drawdown of -30.10%. Use the drawdown chart below to compare losses from any high point for PFLD and PSK. For additional features, visit the drawdowns tool.
Volatility
PFLD vs. PSK - Volatility Comparison
The current volatility for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) is 1.17%, while SPDR ICE Preferred Securities ETF (PSK) has a volatility of 2.91%. This indicates that PFLD 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.