PISHX vs. PPSIX
Compare and contrast key facts about Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) and Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX).
PISHX is managed by Cohen & Steers. It was launched on Feb 28, 2019. PPSIX is managed by Principal. It was launched on Apr 30, 2002.
Performance
PISHX vs. PPSIX - Performance Comparison
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PISHX vs. PPSIX - 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% |
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | -1.61% | 7.86% | 9.82% | 5.88% | -10.67% | 3.03% | 5.47% | 10.33% |
Returns By Period
In the year-to-date period, PISHX achieves a -1.14% return, which is significantly higher than PPSIX's -1.61% return.
PISHX
- 1D
- 0.00%
- 1M
- -2.56%
- YTD
- -1.14%
- 6M
- 0.08%
- 1Y
- 6.86%
- 3Y*
- 10.90%
- 5Y*
- 4.03%
- 10Y*
- —
PPSIX
- 1D
- 0.00%
- 1M
- -2.98%
- YTD
- -1.61%
- 6M
- -0.58%
- 1Y
- 4.72%
- 3Y*
- 8.02%
- 5Y*
- 2.57%
- 10Y*
- 4.34%
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PISHX vs. PPSIX - Expense Ratio Comparison
PISHX has a 0.00% expense ratio, which is lower than PPSIX's 0.79% expense ratio.
Return for Risk
PISHX vs. PPSIX — Risk / Return Rank
PISHX
PPSIX
PISHX vs. PPSIX - 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 Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX). 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 | PPSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 1.66 | +0.47 |
Sortino ratioReturn per unit of downside risk | 2.66 | 2.10 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.39 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.45 | +0.48 |
Martin ratioReturn relative to average drawdown | 8.68 | 6.47 | +2.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PISHX | PPSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.66 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.61 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.58 | +0.19 |
Correlation
The correlation between PISHX and PPSIX is 0.82, 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.
Dividends
PISHX vs. PPSIX - Dividend Comparison
PISHX's dividend yield for the trailing twelve months is around 5.12%, less than PPSIX's 5.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | 5.39% | 5.59% | 5.34% | 4.82% | 5.54% | 4.39% | 4.44% | 4.87% | 5.79% | 5.04% | 5.86% | 6.09% |
Drawdowns
PISHX vs. PPSIX - Drawdown Comparison
The maximum PISHX drawdown since its inception was -27.12%, smaller than the maximum PPSIX drawdown of -52.75%. Use the drawdown chart below to compare losses from any high point for PISHX and PPSIX.
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Drawdown Indicators
| PISHX | PPSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.12% | -52.75% | +25.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.46% | -3.18% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.14% | -17.37% | -1.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.82% | — |
Current DrawdownCurrent decline from peak | -2.83% | -3.18% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -3.30% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.71% | +0.06% |
Volatility
PISHX vs. PPSIX - Volatility Comparison
The current volatility for Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) is 1.22%, while Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) has a volatility of 1.29%. This indicates that PISHX experiences smaller price fluctuations and is considered to be less risky than PPSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PISHX | PPSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.29% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 1.81% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 2.86% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 4.20% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 5.34% | +2.09% |