QTPI vs. CSSD

Last updated Jun 5, 2026

QTPI (North Square RCIM Tax-Advantaged Preferred and Income Securities ETF) and CSSD (Cohen & Steers Short Duration Preferred and Income Active ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. QTPI charges 0.60%/yr vs 0.49%/yr for CSSD.

Performance

QTPI vs. CSSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTPI achieves a 1.16% return, which is significantly lower than CSSD's 2.56% return.

QTPI

• 1D: 0.31%
• 1M: -0.02%
• YTD: 1.16%
• 6M: 1.94%
• 1Y: 6.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSSD

• 1D: 0.04%
• 1M: 0.63%
• YTD: 2.56%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QTPI vs. CSSD - Yearly Performance Comparison

	2026 (YTD)	2025
QTPI North Square RCIM Tax-Advantaged Preferred and Income Securities ETF	1.16%	0.33%
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.56%	0.51%

Correlation

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

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.41

Return for Risk

QTPI vs. CSSD — Risk / Return Rank

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

QTPI

QTPI Risk / Return Rank: 51
QTPI Sharpe Ratio Rank: 43
QTPI Sortino Ratio Rank: 45
QTPI Omega Ratio Rank: 42
QTPI Calmar Ratio Rank: 60
QTPI Martin Ratio Rank: 66

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.

QTPI vs. CSSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) and Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD). 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.

	QTPI	CSSD	Difference
Sharpe ratio: Return per unit of total volatility	1.50	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.91	—	—
Martin ratio: Return relative to average drawdown	11.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QTPI	CSSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	2.09	-0.86

Drawdowns

QTPI vs. CSSD - Drawdown Comparison

The maximum QTPI drawdown since its inception was -4.08%, which is greater than CSSD's maximum drawdown of -2.32%. Use the drawdown chart below to compare losses from any high point for QTPI and CSSD.

Drawdown Indicators

	QTPI	CSSD	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-2.32%	-1.76%
Max Drawdown (1Y) Largest decline over 1 year	-2.11%	—	—
Current Drawdown Current decline from peak	-0.36%	0.00%	-0.36%
Average Drawdown Average peak-to-trough decline	-0.40%	-0.32%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	—	—

Volatility

Volatility by Period

	QTPI	CSSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	3.18%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.98%	3.18%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.98%	3.18%	+1.80%

QTPI vs. CSSD - Expense Ratio Comparison

QTPI has a 0.60% expense ratio, which is higher than CSSD's 0.49% expense ratio.

Dividends

QTPI vs. CSSD - Dividend Comparison

QTPI's dividend yield for the trailing twelve months is around 4.43%, more than CSSD's 2.63% yield.

Position	TTM	2025	2024
CSSD Cohen & Steers Short Duration Preferred and Income Active ETF	2.63%	0.53%	0.00%
QTPI North Square RCIM Tax-Advantaged Preferred and Income Securities ETF	4.43%	4.58%	0.10%

Frequently Asked Questions

Can I hold both QTPI and CSSD in my portfolio?

QTPI and CSSD 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 ETF is better, QTPI or CSSD?

On fees, CSSD is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QTPI or CSSD?

CSSD is cheaper with a 0.49% expense ratio, compared with 0.60% for QTPI.

Which ETF pays a higher dividend yield, QTPI or CSSD?

QTPI has the higher dividend yield at 4.43%, compared with 2.63% for CSSD.

What is the main difference between QTPI and CSSD?

They also come from different issuers: North Square and Cohen & Steers. Their fees differ too: 0.60% for QTPI and 0.49% for CSSD.