QTPI vs. PTA
QTPI (North Square RCIM Tax-Advantaged Preferred and Income Securities ETF) and PTA (Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund) are both Preferred Stock/Convertible Bonds funds. Over the past year, QTPI returned 5.53% vs 5.35% for PTA. At a 0.38 correlation, their price movements are largely independent.
Performance
QTPI vs. PTA - Performance Comparison
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Returns By Period
In the year-to-date period, QTPI achieves a 1.20% return, which is significantly lower than PTA's 2.77% return.
QTPI
- 1D
- -0.26%
- 1M
- 0.35%
- YTD
- 1.20%
- 6M
- 1.05%
- 1Y
- 5.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PTA
- 1D
- -0.21%
- 1M
- -0.76%
- YTD
- 2.77%
- 6M
- 3.04%
- 1Y
- 5.35%
- 3Y*
- 12.75%
- 5Y*
- 2.59%
- 10Y*
- —
QTPI vs. PTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QTPI North Square RCIM Tax-Advantaged Preferred and Income Securities ETF | 1.20% | 7.37% | 0.19% |
PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund | 2.77% | 9.04% | -0.26% |
Correlation
The correlation between QTPI and PTA is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024 | 0.38 |
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Return for Risk
QTPI vs. PTA — Risk / Return Rank
QTPI
PTA
QTPI vs. PTA - 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 Tax-Advantaged Preferred Securities and Income Fund (PTA). 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.
| QTPI | PTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.10 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 0.57 | +2.07 |
| Martin ratioReturn relative to average drawdown | 10.68 | 1.52 | +9.17 |
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Drawdowns
QTPI vs. PTA - Drawdown Comparison
The maximum QTPI drawdown since its inception was -4.08%, smaller than the maximum PTA drawdown of -28.71%. Use the drawdown chart below to compare losses from any high point for QTPI and PTA.
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Drawdown Indicators
| QTPI | PTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.08% | -28.71% | +24.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -9.49% | +7.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.71% | — |
Current DrawdownCurrent decline from peak | -0.32% | -3.01% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -8.94% | +8.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 3.54% | -3.02% |
Volatility
QTPI vs. PTA - Volatility Comparison
The current volatility for North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) is 1.34%, while Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) has a volatility of 2.91%. This indicates that QTPI experiences smaller price fluctuations and is considered to be less risky than PTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTPI | PTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.91% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 8.28% | -5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 10.55% | -6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.96% | 14.64% | -9.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 14.01% | -9.05% |
Dividends
QTPI vs. PTA - Dividend Comparison
QTPI's dividend yield for the trailing twelve months is around 4.43%, less than PTA's 8.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
PTA Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund | 8.45% | 8.33% | 8.37% | 8.93% | 8.83% | 7.10% | 0.50% |
QTPI North Square RCIM Tax-Advantaged Preferred and Income Securities ETF | 4.43% | 4.58% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QTPI and PTA have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTA has higher volatility (2.91%) compared to QTPI (1.34%). In terms of maximum drawdown, QTPI dropped -4.08% vs PTA's -28.71%.
QTPI currently has the higher Sharpe Ratio (1.34 vs 0.51), 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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