PSK vs. DGRW
Compare and contrast key facts about SPDR ICE Preferred Securities ETF (PSK) and WisdomTree U.S. Dividend Growth Fund (DGRW).
PSK and DGRW 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. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. Both PSK and DGRW 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 DGRW.
Key characteristics
| PSK | DGRW | |
|---|---|---|
| YTD Return | 8.81% | 22.14% |
| 1Y Return | 14.92% | 31.81% |
| 3Y Return (Ann) | -0.92% | 12.19% |
| 5Y Return (Ann) | 1.16% | 14.75% |
| 10Y Return (Ann) | 3.58% | 13.10% |
| Sharpe Ratio | 1.79 | 2.98 |
| Sortino Ratio | 2.53 | 4.13 |
| Omega Ratio | 1.33 | 1.56 |
| Calmar Ratio | 0.94 | 5.05 |
| Martin Ratio | 8.16 | 19.22 |
| Ulcer Index | 1.93% | 1.65% |
| Daily Std Dev | 8.81% | 10.63% |
| Max Drawdown | -30.10% | -32.04% |
| Current Drawdown | -4.40% | -1.00% |
Correlation
The correlation between PSK and DGRW is 0.37, 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. DGRW - Performance Comparison
In the year-to-date period, PSK achieves a 8.81% return, which is significantly lower than DGRW's 22.14% return. Over the past 10 years, PSK has underperformed DGRW with an annualized return of 3.58%, while DGRW has yielded a comparatively higher 13.10% 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. DGRW - Expense Ratio Comparison
PSK has a 0.45% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Risk-Adjusted Performance
PSK vs. DGRW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE Preferred Securities ETF (PSK) and WisdomTree U.S. Dividend Growth Fund (DGRW). 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. DGRW - Dividend Comparison
PSK's dividend yield for the trailing twelve months is around 6.24%, more than DGRW's 1.50% 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% |
DGRW WisdomTree U.S. Dividend Growth Fund | 1.50% | 1.74% | 2.15% | 1.78% | 1.91% | 2.20% | 2.42% | 1.73% | 2.13% | 2.18% | 1.79% | 1.06% |
Drawdowns
PSK vs. DGRW - Drawdown Comparison
The maximum PSK drawdown since its inception was -30.10%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for PSK and DGRW. For additional features, visit the drawdowns tool.
Volatility
PSK vs. DGRW - Volatility Comparison
The current volatility for SPDR ICE Preferred Securities ETF (PSK) is 3.07%, while WisdomTree U.S. Dividend Growth Fund (DGRW) has a volatility of 3.51%. This indicates that PSK experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.