PQDI vs. CSSD
PQDI (Principal Spectrum Preferred and Income ETF) and CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) are both Preferred Stock/Convertible Bonds funds. PQDI is passively managed, while CSSD is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. PQDI charges 0.60%/yr vs 0.49%/yr for CSSD.
Performance
PQDI vs. CSSD - Performance Comparison
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Returns By Period
In the year-to-date period, PQDI achieves a 1.70% return, which is significantly lower than CSSD's 2.92% return.
PQDI
- 1D
- -0.15%
- 1M
- 0.35%
- 6M
- 1.26%
- YTD
- 1.70%
- 1Y
- 5.71%
- 3Y*
- 8.86%
- 5Y*
- 3.14%
- 10Y*
- —
CSSD
- 1D
- -0.20%
- 1M
- 0.31%
- 6M
- 2.37%
- YTD
- 2.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PQDI vs. CSSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PQDI Principal Spectrum Preferred and Income ETF | 1.70% | 0.61% |
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF | 2.92% | 0.49% |
Correlation
The correlation between PQDI and CSSD is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025 | 0.67 |
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Return for Risk
PQDI vs. CSSD — Risk / Return Rank
PQDI
CSSD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PQDI vs. CSSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred and Income ETF (PQDI) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PQDI | CSSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | — | — |
| Martin ratioReturn relative to average drawdown | 7.63 | — | — |
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Drawdowns
PQDI vs. CSSD - Drawdown Comparison
The maximum PQDI drawdown since its inception was -17.41%, which is greater than CSSD's maximum drawdown of -2.32%. Use the drawdown chart below to compare losses from any high point for PQDI and CSSD.
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Drawdown Indicators
| PQDI | CSSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -2.32% | -15.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -0.36% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -0.28% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | — | — |
Volatility
PQDI vs. CSSD - Volatility Comparison
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Volatility by Period
| PQDI | CSSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 3.03% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 3.03% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 3.03% | +1.50% |
PQDI vs. CSSD - Expense Ratio Comparison
PQDI has a 0.60% expense ratio, which is higher than CSSD's 0.49% expense ratio.
Dividends
PQDI vs. CSSD - Dividend Comparison
PQDI's dividend yield for the trailing twelve months is around 5.57%, more than CSSD's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF | 3.15% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PQDI Principal Spectrum Preferred and Income ETF | 5.57% | 5.02% | 4.93% | 5.35% | 5.60% | 5.21% | 2.69% |
Frequently Asked Questions
PQDI and CSSD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSD is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSD is cheaper with a 0.49% expense ratio, compared with 0.60% for PQDI.
PQDI has the higher dividend yield at 5.57%, compared with 3.15% for CSSD.
They also come from different issuers: Principal and Cohen & Steers. Their fees differ too: 0.60% for PQDI and 0.49% for CSSD.
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