PTA vs. JPDIX

Last updated Jun 3, 2026

PTA (Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund) and JPDIX (JPMorgan Preferred and Income Securities Fund) are both Preferred Stock/Convertible Bonds funds. Over the past 3 years, PTA returned 14.27%/yr vs 9.59%/yr for JPDIX. At a 0.40 correlation, their price movements are largely independent.

Performance

PTA vs. JPDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) and JPMorgan Preferred and Income Securities Fund (JPDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTA achieves a 5.71% return, which is significantly higher than JPDIX's 1.39% return.

PTA

• 1D: 0.87%
• 1M: 0.48%
• YTD: 5.71%
• 6M: 5.84%
• 1Y: 9.21%
• 3Y*: 14.27%
• 5Y*: 3.26%
• 10Y*: —

JPDIX

• 1D: 0.00%
• 1M: 0.26%
• YTD: 1.39%
• 6M: 2.15%
• 1Y: 7.78%
• 3Y*: 9.59%
• 5Y*: —
• 10Y*: —

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

PTA vs. JPDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund	5.71%	9.04%	15.82%	11.58%	-14.50%
JPDIX JPMorgan Preferred and Income Securities Fund	1.39%	8.64%	10.59%	7.02%	-8.33%

Correlation

The correlation between PTA and JPDIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Apr 1, 2022	0.40

Return for Risk

PTA vs. JPDIX — Risk / Return Rank

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

PTA

PTA Risk / Return Rank: 10
PTA Sharpe Ratio Rank: 11
PTA Sortino Ratio Rank: 11
PTA Omega Ratio Rank: 11
PTA Calmar Ratio Rank: 9
PTA Martin Ratio Rank: 9

JPDIX

JPDIX Risk / Return Rank: 81
JPDIX Sharpe Ratio Rank: 86
JPDIX Sortino Ratio Rank: 94
JPDIX Omega Ratio Rank: 94
JPDIX Calmar Ratio Rank: 56
JPDIX Martin Ratio Rank: 75

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.

PTA vs. JPDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) and JPMorgan Preferred and Income Securities Fund (JPDIX). 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.

	PTA	JPDIX	Difference
Sharpe ratio Return per unit of total volatility	0.88	2.78	-1.90
Sortino ratio Return per unit of downside risk	1.30	4.95	-3.65
Omega ratio Gain probability vs. loss probability	1.17	1.74	-0.58
Calmar ratio Return relative to maximum drawdown	0.99	2.87	-1.89
Martin ratio Return relative to average drawdown	2.67	14.23	-11.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTA vs. JPDIX - Sharpe Ratio Comparison

The current PTA Sharpe Ratio is 0.88, which is lower than the JPDIX Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of PTA and JPDIX, 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

	PTA	JPDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	2.78	-1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.85	-0.58

Drawdowns

PTA vs. JPDIX - Drawdown Comparison

The maximum PTA drawdown since its inception was -28.71%, which is greater than JPDIX's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for PTA and JPDIX.

Drawdown Indicators

	PTA	JPDIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.71%	-14.56%	-14.15%
Max Drawdown (1Y) Largest decline over 1 year	-9.49%	-2.92%	-6.57%
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	-4.27%	-8.76%
Max Drawdown (5Y) Largest decline over 5 years	-28.71%	—	—
Current Drawdown Current decline from peak	-0.24%	0.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-9.01%	-3.48%	-5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	0.59%	+2.92%

Volatility

PTA vs. JPDIX - Volatility Comparison

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) has a higher volatility of 3.39% compared to JPMorgan Preferred and Income Securities Fund (JPDIX) at 0.87%. This indicates that PTA's price experiences larger fluctuations and is considered to be riskier than JPDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTA	JPDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	0.87%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	8.10%	2.42%	+5.68%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	2.85%	+7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	5.18%	+9.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.05%	5.18%	+8.87%

Dividends

PTA vs. JPDIX - Dividend Comparison

PTA's dividend yield for the trailing twelve months is around 8.15%, more than JPDIX's 5.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JPDIX JPMorgan Preferred and Income Securities Fund	5.64%	5.53%	4.97%	4.45%	2.19%	0.00%	0.00%
PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund	8.15%	8.33%	8.37%	8.93%	8.83%	7.10%	0.50%

Frequently Asked Questions

Can I hold both PTA and JPDIX in my portfolio?

PTA and JPDIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTA or JPDIX?

PTA has higher volatility (3.39%) compared to JPDIX (0.87%). In terms of maximum drawdown, PTA dropped -28.71% vs JPDIX's -14.56%.

Which has better risk-adjusted returns?

JPDIX currently has the higher Sharpe Ratio (2.78 vs 0.88), 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.