PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PSK vs. LTPZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSK vs. LTPZ

Last updated Jun 3, 2026

PSK (SPDR ICE Preferred Securities ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both exchange-traded funds - PSK is a Preferred Stock/Convertible Bonds fund tracking the PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index, while LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y). Both are passively managed. Over the past 10 years, PSK returned 2.12%/yr vs 0.80%/yr for LTPZ. At a 0.19 correlation, their price movements are largely independent. PSK charges 0.45%/yr vs 0.20%/yr for LTPZ.

Performance

PSK vs. LTPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR ICE Preferred Securities ETF (PSK) and PIMCO 15+ Year US TIPS Index ETF (LTPZ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PSK achieves a -0.09% return, which is significantly lower than LTPZ's 0.91% return. Over the past 10 years, PSK has outperformed LTPZ with an annualized return of 2.12%, while LTPZ has yielded a comparatively lower 0.80% annualized return.

PSK

1D
-0.19%
1M
-1.29%
YTD
-0.09%
6M
-0.18%
1Y
4.79%
3Y*
3.19%
5Y*
-0.80%
10Y*
2.12%

LTPZ

1D
0.12%
1M
0.75%
YTD
0.91%
6M
-0.28%
1Y
5.18%
3Y*
-0.63%
5Y*
-4.88%
10Y*
0.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSK vs. LTPZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PSK
SPDR ICE Preferred Securities ETF		-0.09%2.69%4.81%8.91%-18.86%1.57%6.37%17.59%-4.54%12.44%
LTPZ
PIMCO 15+ Year US TIPS Index ETF		0.91%4.00%-4.80%0.96%-31.71%7.02%24.89%17.47%-7.22%9.07%

Correlation

The correlation between PSK and LTPZ is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Sep 18, 2009

0.19

Over the past year, PSK and LTPZ have become more correlated (0.46) than their long-term average of 0.19, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR ICE Preferred Securities ETF

PIMCO 15+ Year US TIPS Index ETF

Often compared with PSK:
PSK vs. PFFPSK vs. PGXPSK vs. PGFPSK vs. VRPPSK vs. FPEIPSK vs. FLEHPSK vs. NPSRX
Often compared with LTPZ:
LTPZ vs. SCHPLTPZ vs. TLTLTPZ vs. TIPXLTPZ vs. VTIPLTPZ vs. VGLTLTPZ vs. HYSLTPZ vs. JNK

Return for Risk

PSK vs. LTPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSK
PSK Risk / Return Rank: 2121
Overall Rank
PSK Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
PSK Sortino Ratio Rank: 2222
Sortino Ratio Rank
PSK Omega Ratio Rank: 2121
Omega Ratio Rank
PSK Calmar Ratio Rank: 2020
Calmar Ratio Rank
PSK Martin Ratio Rank: 1717
Martin Ratio Rank
LTPZ
LTPZ Risk / Return Rank: 1717
Overall Rank
LTPZ Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
LTPZ Sortino Ratio Rank: 1717
Sortino Ratio Rank
LTPZ Omega Ratio Rank: 1717
Omega Ratio Rank
LTPZ Calmar Ratio Rank: 1616
Calmar Ratio Rank
LTPZ Martin Ratio Rank: 1515
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSK vs. LTPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR ICE Preferred Securities ETF (PSK) and PIMCO 15+ Year US TIPS Index ETF (LTPZ). 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.

PSKLTPZDifference

Sharpe ratio

Return per unit of total volatility

0.80

0.56

+0.23

Sortino ratio

Return per unit of downside risk

1.19

0.85

+0.34

Omega ratio

Gain probability vs. loss probability

1.14

1.10

+0.04

Calmar ratio

Return relative to maximum drawdown

0.86

0.61

+0.25

Martin ratio

Return relative to average drawdown

1.91

1.34

+0.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSK vs. LTPZ - Sharpe Ratio Comparison

The current PSK Sharpe Ratio is 0.80, which is higher than the LTPZ Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of PSK and LTPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

PSKLTPZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.80

0.56

+0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.07

-0.31

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.18

0.05

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.21

+0.22

Drawdowns

PSK vs. LTPZ - Drawdown Comparison

The maximum PSK drawdown since its inception was -30.10%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for PSK and LTPZ.

Loading charts...

Drawdown Indicators

PSKLTPZDifference

Max Drawdown

Largest peak-to-trough decline

-30.10%

-40.99%

+10.89%

Max Drawdown (1Y)

Largest decline over 1 year

-5.50%

-7.00%

+1.50%

Max Drawdown (3Y)

Largest decline over 3 years

-10.30%

-16.27%

+5.97%

Max Drawdown (5Y)

Largest decline over 5 years

-22.23%

-40.99%

+18.76%

Max Drawdown (10Y)

Largest decline over 10 years

-30.10%

-40.99%

+10.89%

Current Drawdown

Current decline from peak

-5.51%

-32.41%

+26.90%

Average Drawdown

Average peak-to-trough decline

-3.98%

-12.40%

+8.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.48%

3.19%

-0.71%

Volatility

PSK vs. LTPZ - Volatility Comparison

The current volatility for SPDR ICE Preferred Securities ETF (PSK) is 1.68%, while PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a volatility of 2.40%. This indicates that PSK experiences smaller price fluctuations and is considered to be less risky than LTPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PSKLTPZDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.68%

2.40%

-0.72%

Volatility (6M)

Calculated over the trailing 6-month period

4.18%

6.44%

-2.26%

Volatility (1Y)

Calculated over the trailing 1-year period

6.04%

9.29%

-3.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.72%

15.89%

-5.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.91%

15.07%

-3.16%

PSK vs. LTPZ - Expense Ratio Comparison

PSK has a 0.45% expense ratio, which is higher than LTPZ's 0.20% expense ratio.

Dividends

PSK vs. LTPZ - Dividend Comparison

PSK's dividend yield for the trailing twelve months is around 7.02%, more than LTPZ's 5.20% yield.

PositionTTM20252024202320222021202020192018201720162015
LTPZ
PIMCO 15+ Year US TIPS Index ETF		5.20%4.64%3.71%3.71%8.38%3.56%1.42%1.74%3.05%2.25%2.32%0.71%
PSK
SPDR ICE Preferred Securities ETF		7.02%6.82%6.55%6.44%6.55%5.03%5.08%5.44%6.47%6.91%5.92%5.35%

Frequently Asked Questions

PSK and LTPZ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LTPZ has higher volatility (2.40%) compared to PSK (1.68%). In terms of maximum drawdown, PSK dropped -30.10% vs LTPZ's -40.99%.

On 10-year performance, PSK leads with 2.12% vs 0.80% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, PSK has been the lower-risk option at 1.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PSK has performed better with a 2.12% return vs 0.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

LTPZ is cheaper with a 0.20% expense ratio, compared with 0.45% for PSK.

PSK has the higher dividend yield at 7.02%, compared with 5.20% for LTPZ.

PSK is categorized as Preferred Stock/Convertible Bonds, while LTPZ is Inflation-Protected Bonds. PSK tracks PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index, while LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y). They also come from different issuers: State Street and PIMCO. Their fees differ too: 0.45% for PSK and 0.20% for LTPZ.

PSK currently has the higher Sharpe Ratio (0.80 vs 0.56), 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.

Portfolio Optimizer

Find the right allocation for PSK and LTPZ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer