PPSIX vs. CPXIX
Compare and contrast key facts about Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Cohen & Steers Preferred Securities and Income Fund, Inc. (CPXIX).
PPSIX is managed by Principal. It was launched on Apr 30, 2002. CPXIX is managed by Cohen & Steers. It was launched on May 2, 2010.
Performance
PPSIX vs. CPXIX - Performance Comparison
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PPSIX vs. CPXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | -1.61% | 7.86% | 9.82% | 5.88% | -10.67% | 3.03% | 5.47% | 16.45% | -4.54% | 10.51% |
CPXIX Cohen & Steers Preferred Securities and Income Fund, Inc. | -1.38% | 8.44% | 10.39% | 6.38% | -12.37% | 2.75% | 6.47% | 18.11% | -4.65% | 10.88% |
Returns By Period
In the year-to-date period, PPSIX achieves a -1.61% return, which is significantly lower than CPXIX's -1.38% return. Over the past 10 years, PPSIX has underperformed CPXIX with an annualized return of 4.34%, while CPXIX has yielded a comparatively higher 4.63% annualized return.
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%
CPXIX
- 1D
- -0.08%
- 1M
- -2.69%
- YTD
- -1.38%
- 6M
- -0.05%
- 1Y
- 5.92%
- 3Y*
- 9.11%
- 5Y*
- 2.53%
- 10Y*
- 4.63%
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PPSIX vs. CPXIX - Expense Ratio Comparison
PPSIX has a 0.79% expense ratio, which is lower than CPXIX's 0.84% expense ratio.
Return for Risk
PPSIX vs. CPXIX — Risk / Return Rank
PPSIX
CPXIX
PPSIX vs. CPXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Cohen & Steers Preferred Securities and Income Fund, Inc. (CPXIX). 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.
| PPSIX | CPXIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.83 | -0.17 |
Sortino ratioReturn per unit of downside risk | 2.10 | 2.28 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.65 | -0.20 |
Martin ratioReturn relative to average drawdown | 6.47 | 6.77 | -0.30 |
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
| PPSIX | CPXIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.83 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.54 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.76 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.14 | -0.56 |
Correlation
The correlation between PPSIX and CPXIX is 0.83, 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
PPSIX vs. CPXIX - Dividend Comparison
PPSIX's dividend yield for the trailing twelve months is around 5.39%, more than CPXIX's 5.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CPXIX Cohen & Steers Preferred Securities and Income Fund, Inc. | 5.26% | 5.54% | 5.52% | 5.76% | 5.40% | 4.89% | 5.17% | 5.30% | 5.88% | 5.01% | 5.75% | 5.91% |
Drawdowns
PPSIX vs. CPXIX - Drawdown Comparison
The maximum PPSIX drawdown since its inception was -52.75%, which is greater than CPXIX's maximum drawdown of -25.56%. Use the drawdown chart below to compare losses from any high point for PPSIX and CPXIX.
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Drawdown Indicators
| PPSIX | CPXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.75% | -25.56% | -27.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -3.26% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.37% | -20.00% | +2.63% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -25.56% | +2.74% |
Current DrawdownCurrent decline from peak | -3.18% | -3.00% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -2.72% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.82% | -0.11% |
Volatility
PPSIX vs. CPXIX - Volatility Comparison
Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) has a higher volatility of 1.29% compared to Cohen & Steers Preferred Securities and Income Fund, Inc. (CPXIX) at 1.22%. This indicates that PPSIX's price experiences larger fluctuations and is considered to be riskier than CPXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPSIX | CPXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.22% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 1.76% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 3.16% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 4.67% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 6.15% | -0.81% |