PISHX vs. FDFIX

Last updated Apr 1, 2026

Compare and contrast key facts about Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) and Fidelity Flex 500 Index Fund (FDFIX).

PISHX is managed by Cohen & Steers. It was launched on Feb 28, 2019. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.

Performance

PISHX vs. FDFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) and Fidelity Flex 500 Index Fund (FDFIX). The values are adjusted to include any dividend payments, if applicable.

PISHX vs. FDFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PISHX Cohen & Steers Preferred Securities and Income SMA Shares	-1.14%	9.65%	12.50%	7.91%	-11.73%	4.30%	8.57%	12.46%
FDFIX Fidelity Flex 500 Index Fund	-7.27%	17.59%	25.06%	26.27%	-18.10%	28.69%	18.46%	17.08%

Returns By Period

In the year-to-date period, PISHX achieves a -1.14% return, which is significantly higher than FDFIX's -7.27% return.

PISHX

• 1D: 0.00%
• 1M: -2.56%
• YTD: -1.14%
• 6M: 0.08%
• 1Y: 6.86%
• 3Y*: 10.90%
• 5Y*: 4.03%
• 10Y*: —

FDFIX

• 1D: -0.33%
• 1M: -7.59%
• YTD: -7.27%
• 6M: -4.96%
• 1Y: 13.90%
• 3Y*: 17.02%
• 5Y*: 11.31%
• 10Y*: —

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

PISHX vs. FDFIX - Expense Ratio Comparison

PISHX has a 0.00% expense ratio, which is lower than FDFIX's 0.00% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

PISHX

Cohen & Steers Preferred Securities and Income SMA Shares

FDFIX

Fidelity Flex 500 Index Fund

Return for Risk

PISHX vs. FDFIX — Risk / Return Rank

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

PISHX

PISHX Risk / Return Rank: 89
PISHX Sharpe Ratio Rank: 94
PISHX Sortino Ratio Rank: 91
PISHX Omega Ratio Rank: 95
PISHX Calmar Ratio Rank: 81
PISHX Martin Ratio Rank: 85

FDFIX

FDFIX Risk / Return Rank: 42
FDFIX Sharpe Ratio Rank: 39
FDFIX Sortino Ratio Rank: 43
FDFIX Omega Ratio Rank: 47
FDFIX Calmar Ratio Rank: 36
FDFIX Martin Ratio Rank: 46

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.

PISHX vs. FDFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) and Fidelity Flex 500 Index Fund (FDFIX). 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.

	PISHX	FDFIX	Difference
Sharpe ratio Return per unit of total volatility	2.13	0.81	+1.32
Sortino ratio Return per unit of downside risk	2.66	1.26	+1.41
Omega ratio Gain probability vs. loss probability	1.54	1.19	+0.34
Calmar ratio Return relative to maximum drawdown	1.93	0.96	+0.97
Martin ratio Return relative to average drawdown	8.68	4.59	+4.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PISHX vs. FDFIX - Sharpe Ratio Comparison

The current PISHX Sharpe Ratio is 2.13, which is higher than the FDFIX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of PISHX and FDFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PISHX	FDFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	0.81	+1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.67	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.71	+0.06

Correlation

The correlation between PISHX and FDFIX is 0.38, 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.

Dividends

PISHX vs. FDFIX - Dividend Comparison

PISHX's dividend yield for the trailing twelve months is around 5.12%, more than FDFIX's 1.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PISHX Cohen & Steers Preferred Securities and Income SMA Shares	5.12%	5.52%	5.89%	5.92%	5.45%	4.25%	4.59%	3.38%	0.00%	0.00%
FDFIX Fidelity Flex 500 Index Fund	1.20%	1.11%	1.26%	1.48%	1.70%	1.27%	1.52%	1.78%	2.16%	0.50%

Drawdowns

PISHX vs. FDFIX - Drawdown Comparison

The maximum PISHX drawdown since its inception was -27.12%, smaller than the maximum FDFIX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for PISHX and FDFIX.

Drawdown Indicators

	PISHX	FDFIX	Difference
Max Drawdown Largest peak-to-trough decline	-27.12%	-33.77%	+6.65%
Max Drawdown (1Y) Largest decline over 1 year	-3.46%	-12.13%	+8.67%
Max Drawdown (5Y) Largest decline over 5 years	-19.14%	-24.51%	+5.37%
Current Drawdown Current decline from peak	-2.83%	-8.99%	+6.16%
Average Drawdown Average peak-to-trough decline	-4.03%	-4.64%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	2.60%	-1.83%

Volatility

PISHX vs. FDFIX - Volatility Comparison

The current volatility for Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) is 1.22%, while Fidelity Flex 500 Index Fund (FDFIX) has a volatility of 4.22%. This indicates that PISHX experiences smaller price fluctuations and is considered to be less risky than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PISHX	FDFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	4.22%	-3.00%
Volatility (6M) Calculated over the trailing 6-month period	1.76%	9.16%	-7.40%
Volatility (1Y) Calculated over the trailing 1-year period	3.22%	18.20%	-14.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.54%	16.91%	-12.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.43%	18.68%	-11.25%