PPSIX vs. LPXZX
Compare and contrast key facts about Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and Cohen & Steers Low Duration Preferred and Income Fund (LPXZX).
PPSIX is managed by Principal. It was launched on Apr 30, 2002. LPXZX is managed by Cohen & Steers. It was launched on Nov 29, 2015.
Performance
PPSIX vs. LPXZX - Performance Comparison
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PPSIX vs. LPXZX - 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% |
LPXZX Cohen & Steers Low Duration Preferred and Income Fund | -0.77% | 6.89% | 8.75% | 6.91% | -5.78% | 2.08% | 4.27% | 11.38% | -1.44% | 5.82% |
Returns By Period
In the year-to-date period, PPSIX achieves a -1.61% return, which is significantly lower than LPXZX's -0.77% return. Both investments have delivered pretty close results over the past 10 years, with PPSIX having a 4.34% annualized return and LPXZX not far behind at 4.14%.
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%
LPXZX
- 1D
- 0.00%
- 1M
- -1.88%
- YTD
- -0.77%
- 6M
- -0.06%
- 1Y
- 4.51%
- 3Y*
- 7.62%
- 5Y*
- 3.40%
- 10Y*
- 4.14%
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PPSIX vs. LPXZX - Expense Ratio Comparison
PPSIX has a 0.79% expense ratio, which is higher than LPXZX's 0.60% expense ratio.
Return for Risk
PPSIX vs. LPXZX — Risk / Return Rank
PPSIX
LPXZX
PPSIX vs. LPXZX - 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 Low Duration Preferred and Income Fund (LPXZX). 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 | LPXZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 2.05 | -0.39 |
Sortino ratioReturn per unit of downside risk | 2.10 | 2.58 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.52 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.11 | -0.66 |
Martin ratioReturn relative to average drawdown | 6.47 | 8.95 | -2.48 |
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 | LPXZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.05 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.28 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 1.10 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.05 | -0.47 |
Correlation
The correlation between PPSIX and LPXZX is 0.73, 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. LPXZX - Dividend Comparison
PPSIX's dividend yield for the trailing twelve months is around 5.39%, more than LPXZX's 4.59% 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% |
LPXZX Cohen & Steers Low Duration Preferred and Income Fund | 4.59% | 4.84% | 5.10% | 4.92% | 4.45% | 4.21% | 4.36% | 4.51% | 4.71% | 3.78% | 4.10% | 0.00% |
Drawdowns
PPSIX vs. LPXZX - Drawdown Comparison
The maximum PPSIX drawdown since its inception was -52.75%, which is greater than LPXZX's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for PPSIX and LPXZX.
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Drawdown Indicators
| PPSIX | LPXZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.75% | -18.13% | -34.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -2.14% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.37% | -9.69% | -7.68% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -18.13% | -4.69% |
Current DrawdownCurrent decline from peak | -3.18% | -2.14% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -1.50% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.50% | +0.21% |
Volatility
PPSIX vs. LPXZX - Volatility Comparison
Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) has a higher volatility of 1.29% compared to Cohen & Steers Low Duration Preferred and Income Fund (LPXZX) at 0.87%. This indicates that PPSIX's price experiences larger fluctuations and is considered to be riskier than LPXZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPSIX | LPXZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 0.87% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 1.40% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 2.23% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 2.68% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 3.77% | +1.57% |