Correlation
The correlation between PRFD and PSK is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PRFD vs. PSK
Compare and contrast key facts about PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) and SPDR ICE Preferred Securities ETF (PSK).
PRFD and PSK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PRFD is an actively managed fund by PIMCO. It was launched on Jan 18, 2023. PSK is a passively managed fund by State Street that tracks the performance of the PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index. It was launched on Sep 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFD or PSK.
Performance
PRFD vs. PSK - Performance Comparison
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Key characteristics
PRFD:
2.27
PSK:
0.07
PRFD:
3.00
PSK:
0.18
PRFD:
1.45
PSK:
1.02
PRFD:
2.22
PSK:
0.06
PRFD:
7.88
PSK:
0.16
PRFD:
1.00%
PSK:
4.62%
PRFD:
3.56%
PSK:
9.24%
PRFD:
-11.93%
PSK:
-30.10%
PRFD:
-0.20%
PSK:
-9.77%
Returns By Period
In the year-to-date period, PRFD achieves a 1.90% return, which is significantly higher than PSK's -2.02% return.
PRFD
1.90%
1.50%
1.18%
7.84%
N/A
N/A
N/A
PSK
-2.02%
0.22%
-5.88%
-0.23%
0.77%
0.02%
2.60%
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PRFD vs. PSK - Expense Ratio Comparison
PRFD has a 0.74% expense ratio, which is higher than PSK's 0.45% expense ratio.
Risk-Adjusted Performance
PRFD vs. PSK — Risk-Adjusted Performance Rank
PRFD
PSK
PRFD vs. PSK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) and SPDR ICE Preferred Securities ETF (PSK). 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.
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Dividends
PRFD vs. PSK - Dividend Comparison
PRFD's dividend yield for the trailing twelve months is around 5.88%, less than PSK's 6.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund | 5.88% | 5.76% | 5.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSK SPDR ICE Preferred Securities ETF | 6.83% | 6.55% | 6.44% | 6.55% | 5.03% | 5.08% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% | 5.65% |
Drawdowns
PRFD vs. PSK - Drawdown Comparison
The maximum PRFD drawdown since its inception was -11.93%, smaller than the maximum PSK drawdown of -30.10%. Use the drawdown chart below to compare losses from any high point for PRFD and PSK.
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Volatility
PRFD vs. PSK - Volatility Comparison
The current volatility for PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) is 0.77%, while SPDR ICE Preferred Securities ETF (PSK) has a volatility of 2.49%. This indicates that PRFD experiences smaller price fluctuations and is considered to be less risky than PSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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