PRFD vs. CSSD
PRFD (PIMCO Preferred And Capital Securities Active Exchange-Traded Fund) and CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. PRFD charges 0.74%/yr vs 0.49%/yr for CSSD.
Performance
PRFD vs. CSSD - Performance Comparison
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Returns By Period
In the year-to-date period, PRFD achieves a 1.77% return, which is significantly lower than CSSD's 2.72% return.
PRFD
- 1D
- 0.04%
- 1M
- 0.83%
- YTD
- 1.77%
- 6M
- 1.91%
- 1Y
- 7.06%
- 3Y*
- 9.34%
- 5Y*
- —
- 10Y*
- —
CSSD
- 1D
- -0.12%
- 1M
- 0.68%
- YTD
- 2.72%
- 6M
- 2.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRFD vs. CSSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund | 1.77% | 0.49% |
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF | 2.72% | 0.49% |
Correlation
The correlation between PRFD and CSSD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025 | 0.49 |
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Return for Risk
PRFD vs. CSSD — Risk / Return Rank
PRFD
CSSD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PRFD vs. CSSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) 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.
| PRFD | CSSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | — | — |
| Martin ratioReturn relative to average drawdown | 8.82 | — | — |
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Drawdowns
PRFD vs. CSSD - Drawdown Comparison
The maximum PRFD drawdown since its inception was -11.93%, which is greater than CSSD's maximum drawdown of -2.32%. Use the drawdown chart below to compare losses from any high point for PRFD and CSSD.
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Drawdown Indicators
| PRFD | CSSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.93% | -2.32% | -9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.28% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.20% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -0.29% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | — | — |
Volatility
PRFD vs. CSSD - Volatility Comparison
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Volatility by Period
| PRFD | CSSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.18% | 3.08% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 3.08% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 3.08% | +1.77% |
PRFD vs. CSSD - Expense Ratio Comparison
PRFD has a 0.74% expense ratio, which is higher than CSSD's 0.49% expense ratio.
Dividends
PRFD vs. CSSD - Dividend Comparison
PRFD's dividend yield for the trailing twelve months is around 5.75%, more than CSSD's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF | 2.63% | 0.53% | 0.00% | 0.00% |
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund | 5.75% | 5.63% | 5.53% | 5.04% |
Frequently Asked Questions
PRFD and CSSD have a correlation of 0.49, 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 0.74% for PRFD.
PRFD has the higher dividend yield at 5.75%, compared with 2.63% for CSSD.
They also come from different issuers: PIMCO and Cohen & Steers. Their fees differ too: 0.74% for PRFD and 0.49% for CSSD.
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