PSF vs. KIFAX
PSF (Cohen & Steers Select Preferred and Income Fund) and KIFAX (Salient Select Income Fund) are both Preferred Stock funds. Over the past 10 years, PSF returned 4.50%/yr vs 2.89%/yr for KIFAX. Their 0.36 correlation means their historical movements had little consistent relationship. PSF charges 4.28%/yr vs 1.53%/yr for KIFAX.
Performance
PSF vs. KIFAX - Performance Comparison
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Returns By Period
In the year-to-date period, PSF achieves a 0.45% return, which is significantly lower than KIFAX's 4.19% return. Over the past 10 years, PSF has outperformed KIFAX with an annualized return of 4.50%, while KIFAX has yielded a comparatively lower 2.89% annualized return.
PSF
- 1D
- 0.10%
- 1M
- -2.03%
- 6M
- -1.20%
- YTD
- 0.45%
- 1Y
- 2.31%
- 3Y*
- 9.10%
- 5Y*
- -1.80%
- 10Y*
- 4.50%
- ALL TIME*
- 6.89%
KIFAX
- 1D
- -0.45%
- 1M
- 0.92%
- 6M
- 3.60%
- YTD
- 4.19%
- 1Y
- 6.44%
- 3Y*
- 6.60%
- 5Y*
- 2.35%
- 10Y*
- 2.89%
- ALL TIME*
- 6.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $617.85K | $606.44K | $847.81K |
PSF vs. KIFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSF Cohen & Steers Select Preferred and Income Fund | 0.45% | 10.63% | 12.84% | 9.88% | -24.55% | 3.89% | -3.78% | 42.60% | -9.01% | 16.79% |
KIFAX Salient Select Income Fund | 4.19% | 1.49% | 6.73% | 14.45% | -15.79% | 14.98% | -3.07% | 18.13% | -8.76% | 1.47% |
Correlation
The correlation between PSF and KIFAX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2010 | 0.36 |
The correlation between PSF and KIFAX shifts across timeframes, from 0.27 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSF vs. KIFAX — Risk / Return Rank
PSF
KIFAX
PSF vs. KIFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Select Preferred and Income Fund (PSF) and Salient Select Income Fund (KIFAX). 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.
| PSF | KIFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 1.15 | -0.83 |
| Martin ratioReturn relative to average drawdown | 1.02 | 3.05 | -2.03 |
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Drawdowns
PSF vs. KIFAX - Drawdown Comparison
The maximum PSF drawdown since its inception was -55.01%, smaller than the maximum KIFAX drawdown of -70.56%. Use the drawdown chart below to compare losses from any high point for PSF and KIFAX.
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Drawdown Indicators
| PSF | KIFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.01% | -70.56% | +15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -5.53% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -12.23% | -13.13% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -40.76% | -20.46% | -20.30% |
Max Drawdown (10Y)Largest decline over 10 years | -55.01% | -45.84% | -9.17% |
Current DrawdownCurrent decline from peak | -8.69% | -0.90% | -7.79% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -6.91% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.07% | +0.20% |
Volatility
PSF vs. KIFAX - Volatility Comparison
Cohen & Steers Select Preferred and Income Fund (PSF) has a higher volatility of 2.02% compared to Salient Select Income Fund (KIFAX) at 1.60%. This indicates that PSF's price experiences larger fluctuations and is considered to be riskier than KIFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSF | KIFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 1.60% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 4.56% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.66% | 6.05% | +2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 9.00% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 14.17% | +6.91% |
PSF vs. KIFAX - Expense Ratio Comparison
PSF has a 4.28% expense ratio, which is higher than KIFAX's 1.53% expense ratio.
Dividends
PSF vs. KIFAX - Dividend Comparison
PSF's dividend yield for the trailing twelve months is around 7.76%, more than KIFAX's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIFAX Salient Select Income Fund | 7.55% | 7.48% | 6.88% | 6.50% | 4.62% | 4.72% | 4.62% | 5.04% | 6.00% | 9.13% | 6.40% | 12.33% |
PSF Cohen & Steers Select Preferred and Income Fund | 7.76% | 7.46% | 7.65% | 8.29% | 8.65% | 9.08% | 7.02% | 6.55% | 8.68% | 7.70% | 9.35% | 8.81% |
Frequently Asked Questions
PSF and KIFAX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSF has higher volatility (2.02%) compared to KIFAX (1.60%). In terms of maximum drawdown, PSF dropped -55.01% vs KIFAX's -70.56%.
KIFAX currently has the higher Sharpe Ratio (1.05 vs 0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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