PSQO vs. NFLT
Compare and contrast key facts about Palmer Square Credit Opportunities ETF (PSQO) and Virtus Newfleet Multi-Sector Bond ETF (NFLT).
PSQO and NFLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSQO is an actively managed fund by Palmer Square. It was launched on Sep 11, 2024. NFLT is an actively managed fund by Virtus. It was launched on Aug 10, 2015.
Performance
PSQO vs. NFLT - Performance Comparison
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PSQO vs. NFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PSQO Palmer Square Credit Opportunities ETF | 0.19% | 7.05% | 1.96% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | -0.18% | 8.77% | -0.68% |
Returns By Period
In the year-to-date period, PSQO achieves a 0.19% return, which is significantly higher than NFLT's -0.18% return.
PSQO
- 1D
- 0.07%
- 1M
- -0.20%
- YTD
- 0.19%
- 6M
- 1.74%
- 1Y
- 5.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFLT
- 1D
- 0.44%
- 1M
- -1.60%
- YTD
- -0.18%
- 6M
- 1.38%
- 1Y
- 6.64%
- 3Y*
- 6.97%
- 5Y*
- 3.17%
- 10Y*
- 4.13%
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PSQO vs. NFLT - Expense Ratio Comparison
PSQO has a 0.52% expense ratio, which is higher than NFLT's 0.50% expense ratio.
Return for Risk
PSQO vs. NFLT — Risk / Return Rank
PSQO
NFLT
PSQO vs. NFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palmer Square Credit Opportunities ETF (PSQO) and Virtus Newfleet Multi-Sector Bond ETF (NFLT). 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.
| PSQO | NFLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.60 | 1.36 | +2.24 |
Sortino ratioReturn per unit of downside risk | 5.62 | 1.91 | +3.71 |
Omega ratioGain probability vs. loss probability | 1.79 | 1.26 | +0.53 |
Calmar ratioReturn relative to maximum drawdown | 7.48 | 2.67 | +4.81 |
Martin ratioReturn relative to average drawdown | 28.22 | 10.69 | +17.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSQO | NFLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.60 | 1.36 | +2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.01 | 0.82 | +2.19 |
Correlation
The correlation between PSQO and NFLT is 0.10, 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.
Dividends
PSQO vs. NFLT - Dividend Comparison
PSQO's dividend yield for the trailing twelve months is around 4.19%, less than NFLT's 5.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSQO Palmer Square Credit Opportunities ETF | 4.19% | 4.45% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.66% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Drawdowns
PSQO vs. NFLT - Drawdown Comparison
The maximum PSQO drawdown since its inception was -0.76%, smaller than the maximum NFLT drawdown of -15.17%. Use the drawdown chart below to compare losses from any high point for PSQO and NFLT.
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Drawdown Indicators
| PSQO | NFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -15.17% | +14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -2.52% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.17% | — |
Current DrawdownCurrent decline from peak | -0.35% | -1.68% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -2.13% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.63% | -0.43% |
Volatility
PSQO vs. NFLT - Volatility Comparison
The current volatility for Palmer Square Credit Opportunities ETF (PSQO) is 0.57%, while Virtus Newfleet Multi-Sector Bond ETF (NFLT) has a volatility of 2.03%. This indicates that PSQO experiences smaller price fluctuations and is considered to be less risky than NFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSQO | NFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 2.03% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 3.00% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 4.92% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 4.42% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.99% | 4.93% | -2.94% |