PSK vs. SPYM

Last updated Jun 3, 2026

PSK (SPDR ICE Preferred Securities ETF) and SPYM (State Street SPDR Portfolio S&P 500 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 SPYM is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, PSK returned 2.12%/yr vs 15.70%/yr for SPYM. At a 0.39 correlation, their price movements are largely independent. PSK charges 0.45%/yr vs 0.02%/yr for SPYM.

Performance

PSK vs. SPYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR ICE Preferred Securities ETF (PSK) and State Street SPDR Portfolio S&P 500 ETF (SPYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSK achieves a -0.09% return, which is significantly lower than SPYM's 11.72% return. Over the past 10 years, PSK has underperformed SPYM with an annualized return of 2.12%, while SPYM has yielded a comparatively higher 15.70% 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%

SPYM

• 1D: 0.12%
• 1M: 5.39%
• YTD: 11.72%
• 6M: 12.10%
• 1Y: 29.72%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSK vs. SPYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
SPYM State Street SPDR Portfolio S&P 500 ETF	11.72%	17.79%	25.00%	26.24%	-18.09%	28.78%	18.49%	31.99%	-4.78%	21.30%

Correlation

The correlation between PSK and SPYM is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 18, 2009	0.39

The correlation between PSK and SPYM shifts across timeframes, from 0.39 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.

PSK vs. SPYM - Sectors Allocation Comparison

Sectors	PSK	SPYM
Financial Services	66.9%	11.1%
Utilities	9.5%	2.5%
Real Estate	4.8%	1.8%
Consumer Cyclical	1.8%	9.9%
Communication Services	1.6%	10.6%
Industrials	0.8%	7.6%
Basic Materials	-	1.7%
Consumer Defensive	-	4.6%
Energy	-	3.2%
Healthcare	-	8.4%
Technology	-	38.5%

Return for Risk

PSK vs. SPYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSK

PSK Risk / Return Rank: 21
PSK Sharpe Ratio Rank: 23
PSK Sortino Ratio Rank: 22
PSK Omega Ratio Rank: 21
PSK Calmar Ratio Rank: 20
PSK Martin Ratio Rank: 17

SPYM

SPYM Risk / Return Rank: 75
SPYM Sharpe Ratio Rank: 77
SPYM Sortino Ratio Rank: 75
SPYM Omega Ratio Rank: 77
SPYM Calmar Ratio Rank: 68
SPYM Martin Ratio Rank: 80

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. SPYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR ICE Preferred Securities ETF (PSK) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.

	PSK	SPYM	Difference
Sharpe ratio Return per unit of total volatility	0.80	2.54	-1.74
Sortino ratio Return per unit of downside risk	1.19	3.44	-2.25
Omega ratio Gain probability vs. loss probability	1.14	1.46	-0.32
Calmar ratio Return relative to maximum drawdown	0.86	3.42	-2.56
Martin ratio Return relative to average drawdown	1.91	15.95	-14.04
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. SPYM - Sharpe Ratio Comparison

The current PSK Sharpe Ratio is 0.80, which is lower than the SPYM Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of PSK and SPYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSK	SPYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	2.54	-1.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.85	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.88	-0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.62	-0.18

Drawdowns

PSK vs. SPYM - Drawdown Comparison

The maximum PSK drawdown since its inception was -30.10%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for PSK and SPYM.

Drawdown Indicators

	PSK	SPYM	Difference
Max Drawdown Largest peak-to-trough decline	-30.10%	-54.46%	+24.36%
Max Drawdown (1Y) Largest decline over 1 year	-5.50%	-8.90%	+3.40%
Max Drawdown (3Y) Largest decline over 3 years	-10.30%	-18.72%	+8.42%
Max Drawdown (5Y) Largest decline over 5 years	-22.23%	-24.48%	+2.25%
Max Drawdown (10Y) Largest decline over 10 years	-30.10%	-33.87%	+3.77%
Current Drawdown Current decline from peak	-5.51%	0.00%	-5.51%
Average Drawdown Average peak-to-trough decline	-3.98%	-7.15%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	1.91%	+0.57%

Volatility

PSK vs. SPYM - Volatility Comparison

The current volatility for SPDR ICE Preferred Securities ETF (PSK) is 1.68%, while State Street SPDR Portfolio S&P 500 ETF (SPYM) has a volatility of 2.74%. This indicates that PSK experiences smaller price fluctuations and is considered to be less risky than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSK	SPYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.68%	2.74%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	4.18%	8.89%	-4.71%
Volatility (1Y) Calculated over the trailing 1-year period	6.04%	11.78%	-5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.72%	16.80%	-6.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.91%	18.01%	-6.10%

PSK vs. SPYM - Expense Ratio Comparison

PSK has a 0.45% expense ratio, which is higher than SPYM's 0.02% expense ratio.

Dividends

PSK vs. SPYM - Dividend Comparison

PSK's dividend yield for the trailing twelve months is around 7.02%, more than SPYM's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPYM State Street SPDR Portfolio S&P 500 ETF	0.99%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%

Frequently Asked Questions

Can I hold both PSK and SPYM in my portfolio?

PSK and SPYM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSK or SPYM?

SPYM has higher volatility (2.74%) compared to PSK (1.68%). In terms of maximum drawdown, PSK dropped -30.10% vs SPYM's -54.46%.

Which ETF is better, PSK or SPYM?

On 10-year performance, SPYM leads with 15.70% vs 2.12% for PSK. On fees, SPYM is cheaper at 0.02% 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.

Which ETF has performed better, PSK or SPYM?

Over the 10-year period, SPYM has performed better with a 15.70% return vs 2.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSK or SPYM?

SPYM is cheaper with a 0.02% expense ratio, compared with 0.45% for PSK.

Which ETF pays a higher dividend yield, PSK or SPYM?

PSK has the higher dividend yield at 7.02%, compared with 0.99% for SPYM.

What is the main difference between PSK and SPYM?

PSK is categorized as Preferred Stock/Convertible Bonds, while SPYM is S&P 500. PSK tracks PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index, while SPYM tracks S&P 500 Index. Their fees differ too: 0.45% for PSK and 0.02% for SPYM.

Which has better risk-adjusted returns?

SPYM currently has the higher Sharpe Ratio (2.54 vs 0.80), 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.