PSDSX vs. FTSM
Compare and contrast key facts about Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) and First Trust Enhanced Short Maturity ETF (FTSM).
PSDSX is managed by Palmer Square. It was launched on Oct 7, 2016. FTSM is an actively managed fund by First Trust. It was launched on Aug 5, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSDSX or FTSM.
Key characteristics
| PSDSX | FTSM | |
|---|---|---|
| YTD Return | 5.17% | 4.51% |
| 1Y Return | 6.24% | 5.56% |
| 3Y Return (Ann) | 3.54% | 3.53% |
| 5Y Return (Ann) | 2.50% | 2.41% |
| Sharpe Ratio | 14.37 | 10.98 |
| Sortino Ratio | 70.49 | 28.07 |
| Omega Ratio | 41.70 | 6.18 |
| Calmar Ratio | 125.47 | 83.47 |
| Martin Ratio | 1,153.56 | 337.05 |
| Ulcer Index | 0.01% | 0.02% |
| Daily Std Dev | 0.44% | 0.51% |
| Max Drawdown | -3.03% | -4.12% |
| Current Drawdown | 0.00% | -0.05% |
Correlation
The correlation between PSDSX and FTSM is 0.29, 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.
Performance
PSDSX vs. FTSM - Performance Comparison
In the year-to-date period, PSDSX achieves a 5.17% return, which is significantly higher than FTSM's 4.51% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSDSX vs. FTSM - Expense Ratio Comparison
PSDSX has a 0.53% expense ratio, which is higher than FTSM's 0.25% expense ratio.
Risk-Adjusted Performance
PSDSX vs. FTSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) and First Trust Enhanced Short Maturity ETF (FTSM). 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.
Dividends
PSDSX vs. FTSM - Dividend Comparison
PSDSX's dividend yield for the trailing twelve months is around 5.54%, more than FTSM's 4.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PSDSX Palmer Square Ultra-Short Duration Investment Grade Fund | 5.54% | 4.64% | 1.70% | 0.51% | 1.21% | 2.51% | 2.18% | 1.50% | 0.26% | 0.00% | 0.00% |
FTSM First Trust Enhanced Short Maturity ETF | 4.96% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.15% | 1.38% | 1.03% | 0.48% | 0.19% |
Drawdowns
PSDSX vs. FTSM - Drawdown Comparison
The maximum PSDSX drawdown since its inception was -3.03%, smaller than the maximum FTSM drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for PSDSX and FTSM. For additional features, visit the drawdowns tool.
Volatility
PSDSX vs. FTSM - Volatility Comparison
The current volatility for Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) is 0.11%, while First Trust Enhanced Short Maturity ETF (FTSM) has a volatility of 0.13%. This indicates that PSDSX experiences smaller price fluctuations and is considered to be less risky than FTSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.