PSK vs. SPYM
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 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 1.86%/yr vs 15.15%/yr for SPYM. Their 0.40 correlation means their historical movements had little consistent relationship. PSK charges 0.45%/yr vs 0.02%/yr for SPYM.
Performance
PSK vs. SPYM - Performance Comparison
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Returns By Period
In the year-to-date period, PSK achieves a -1.10% return, which is significantly lower than SPYM's 10.15% return. Over the past 10 years, PSK has underperformed SPYM with an annualized return of 1.86%, while SPYM has yielded a comparatively higher 15.15% annualized return.
PSK
- 1D
- 0.10%
- 1M
- -0.82%
- 6M
- -2.99%
- YTD
- -1.10%
- 1Y
- -0.14%
- 3Y*
- 3.27%
- 5Y*
- -1.17%
- 10Y*
- 1.86%
- ALL TIME*
- 4.49%
SPYM
- 1D
- 0.68%
- 1M
- 0.26%
- 6M
- 8.55%
- YTD
- 10.15%
- 1Y
- 21.52%
- 3Y*
- 19.39%
- 5Y*
- 12.82%
- 10Y*
- 15.15%
- ALL TIME*
- 11.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.42M | $3.24M | $2.65M | |
| $811.10M | $977.30M | $1.09B |
PSK vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSK SPDR ICE Preferred Securities ETF | -1.10% | 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 | 10.15% | 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 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2009 | 0.40 |
The correlation between PSK and SPYM shifts across timeframes, from 0.40 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PSK vs. SPYM — Risk / Return Rank
PSK
SPYM
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.
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.
| PSK | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 2.21 | -2.17 |
| Martin ratioReturn relative to average drawdown | 0.08 | 9.43 | -9.36 |
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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.
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Drawdown Indicators
| PSK | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -6.47% | -1.41% | -5.06% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -7.11% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.08% | +0.97% |
Volatility
PSK vs. SPYM - Volatility Comparison
The current volatility for SPDR ICE Preferred Securities ETF (PSK) is 1.35%, while State Street SPDR Portfolio S&P 500 ETF (SPYM) has a volatility of 3.48%. 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.
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Volatility by Period
| PSK | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 3.48% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 10.09% | -5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 12.83% | -6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.75% | 16.92% | -6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.88% | 18.01% | -6.13% |
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 7.13%, more than SPYM's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSK SPDR ICE Preferred Securities ETF | 6.54% | 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 | 1.03% | 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
PSK and SPYM have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYM has higher volatility (3.48%) compared to PSK (1.35%). In terms of maximum drawdown, PSK dropped -30.10% vs SPYM's -54.46%.
On 10-year performance, SPYM leads with 15.15% vs 1.86% for PSK. On fees, SPYM is cheaper at 0.02% per year. On volatility, PSK has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPYM has performed better with a 15.15% return vs 1.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYM is cheaper with a 0.02% expense ratio, compared with 0.45% for PSK.
PSK has the higher dividend yield at 6.54%, compared with 1.03% for SPYM.
PSK is categorized as Preferred Stock, 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.
SPYM currently has the higher Sharpe Ratio (1.53 vs 0.04), 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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