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.
Correlation
The correlation between PFLD and PSK is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PFLD vs. PSK - Performance Comparison
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Key characteristics
PFLD:
0.04
PSK:
0.00
PFLD:
0.21
PSK:
0.13
PFLD:
1.03
PSK:
1.02
PFLD:
0.12
PSK:
0.04
PFLD:
0.43
PSK:
0.10
PFLD:
1.79%
PSK:
4.24%
PFLD:
6.23%
PSK:
9.23%
PFLD:
-33.20%
PSK:
-30.10%
PFLD:
-4.39%
PSK:
-9.74%
Returns By Period
The year-to-date returns for both stocks are quite close, with PFLD having a -1.96% return and PSK slightly lower at -1.99%.
PFLD
-1.96%
2.06%
-3.13%
0.23%
3.14%
N/A
PSK
-1.99%
2.38%
-5.58%
0.04%
0.58%
2.60%
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PFLD vs. PSK - Expense Ratio Comparison
Both PFLD and PSK have an expense ratio of 0.45%.
Risk-Adjusted Performance
PFLD vs. PSK — Risk-Adjusted Performance Rank
PFLD
PSK
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.
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Dividends
PFLD vs. PSK - Dividend Comparison
PFLD's dividend yield for the trailing twelve months is around 7.40%, more than PSK's 6.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 7.40% | 7.09% | 7.09% | 5.76% | 4.52% | 4.79% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
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.
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Volatility
PFLD vs. PSK - Volatility Comparison
AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) has a higher volatility of 2.64% compared to SPDR ICE Preferred Securities ETF (PSK) at 2.27%. This indicates that PFLD's price experiences larger fluctuations and is considered to be riskier than PSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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