PSK vs. AGG
Compare and contrast key facts about SPDR ICE Preferred Securities ETF (PSK) and iShares Core U.S. Aggregate Bond ETF (AGG).
PSK and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both PSK and AGG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSK or AGG.
Key characteristics
| PSK | AGG | |
|---|---|---|
| YTD Return | 8.81% | 1.83% |
| 1Y Return | 14.92% | 8.19% |
| 3Y Return (Ann) | -0.92% | -2.19% |
| 5Y Return (Ann) | 1.16% | -0.18% |
| 10Y Return (Ann) | 3.58% | 1.46% |
| Sharpe Ratio | 1.79 | 1.37 |
| Sortino Ratio | 2.53 | 2.03 |
| Omega Ratio | 1.33 | 1.24 |
| Calmar Ratio | 0.94 | 0.53 |
| Martin Ratio | 8.16 | 4.90 |
| Ulcer Index | 1.93% | 1.67% |
| Daily Std Dev | 8.81% | 5.95% |
| Max Drawdown | -30.10% | -18.43% |
| Current Drawdown | -4.40% | -8.47% |
Correlation
The correlation between PSK and AGG is 0.23, 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
PSK vs. AGG - Performance Comparison
In the year-to-date period, PSK achieves a 8.81% return, which is significantly higher than AGG's 1.83% return. Over the past 10 years, PSK has outperformed AGG with an annualized return of 3.58%, while AGG has yielded a comparatively lower 1.46% annualized 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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PSK vs. AGG - Expense Ratio Comparison
PSK has a 0.45% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
PSK vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE Preferred Securities ETF (PSK) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
PSK vs. AGG - Dividend Comparison
PSK's dividend yield for the trailing twelve months is around 6.24%, more than AGG's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSK SPDR ICE Preferred Securities ETF | 6.24% | 6.44% | 6.55% | 5.03% | 5.49% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% | 5.65% | 7.73% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.64% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
PSK vs. AGG - Drawdown Comparison
The maximum PSK drawdown since its inception was -30.10%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for PSK and AGG. For additional features, visit the drawdowns tool.
Volatility
PSK vs. AGG - Volatility Comparison
SPDR ICE Preferred Securities ETF (PSK) has a higher volatility of 3.07% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.78%. This indicates that PSK's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.