PY vs. PQDI
Compare and contrast key facts about Principal Value ETF (PY) and Principal Spectrum Preferred and Income ETF (PQDI).
PY and PQDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PY is an actively managed fund by Principal. It was launched on Mar 21, 2016. PQDI is a passively managed fund by Principal that tracks the performance of the ICE BofA 7% Constrained DRD Eligible Preferred Securities Index. It was launched on Jun 16, 2020.
Performance
PY vs. PQDI - Performance Comparison
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PY vs. PQDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PY Principal Value ETF | -1.34% | 7.74% | 16.79% | 9.11% | -5.10% | 34.83% | 23.01% |
PQDI Principal Spectrum Preferred and Income ETF | -0.68% | 8.46% | 9.99% | 6.24% | -9.61% | 3.10% | 9.81% |
Returns By Period
In the year-to-date period, PY achieves a -1.34% return, which is significantly lower than PQDI's -0.68% return.
PY
- 1D
- 1.59%
- 1M
- -4.13%
- YTD
- -1.34%
- 6M
- -0.54%
- 1Y
- 7.06%
- 3Y*
- 11.03%
- 5Y*
- 7.67%
- 10Y*
- 10.38%
PQDI
- 1D
- 0.88%
- 1M
- -1.73%
- YTD
- -0.68%
- 6M
- 0.64%
- 1Y
- 6.38%
- 3Y*
- 8.85%
- 5Y*
- 3.26%
- 10Y*
- —
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PY vs. PQDI - Expense Ratio Comparison
PY has a 0.15% expense ratio, which is lower than PQDI's 0.60% expense ratio.
Return for Risk
PY vs. PQDI — Risk / Return Rank
PY
PQDI
PY vs. PQDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Value ETF (PY) and Principal Spectrum Preferred and Income ETF (PQDI). 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.
| PY | PQDI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 2.03 | -1.60 |
Sortino ratioReturn per unit of downside risk | 0.71 | 2.75 | -2.04 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.43 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.93 | -1.29 |
Martin ratioReturn relative to average drawdown | 2.77 | 8.63 | -5.86 |
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
| PY | PQDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 2.03 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.71 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.98 | -0.47 |
Correlation
The correlation between PY and PQDI is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PY vs. PQDI - Dividend Comparison
PY's dividend yield for the trailing twelve months is around 2.17%, less than PQDI's 5.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PY Principal Value ETF | 1.82% | 2.14% | 2.22% | 2.68% | 3.02% | 2.83% | 2.95% | 2.25% | 2.34% | 1.68% | 1.85% |
PQDI Principal Spectrum Preferred and Income ETF | 4.75% | 5.02% | 4.93% | 5.35% | 5.60% | 5.21% | 2.69% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PY vs. PQDI - Drawdown Comparison
The maximum PY drawdown since its inception was -45.44%, which is greater than PQDI's maximum drawdown of -17.41%. Use the drawdown chart below to compare losses from any high point for PY and PQDI.
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Drawdown Indicators
| PY | PQDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.44% | -17.41% | -28.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.27% | -3.31% | -9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -17.84% | -17.41% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -45.44% | — | — |
Current DrawdownCurrent decline from peak | -4.54% | -2.46% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -3.59% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 0.74% | +2.34% |
Volatility
PY vs. PQDI - Volatility Comparison
Principal Value ETF (PY) has a higher volatility of 3.54% compared to Principal Spectrum Preferred and Income ETF (PQDI) at 1.87%. This indicates that PY's price experiences larger fluctuations and is considered to be riskier than PQDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PY | PQDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 1.87% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 2.49% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 3.22% | +13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 4.64% | +11.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 4.57% | +15.53% |