PSK vs. JEPY - ETF Comparison
PSK - SPDR ICE Preferred Securities ETF
The SPDR ICE Preferred Securities ETF provides investors with exposure to preferred stock, offering a unique combination of relatively stable income and lower volatility compared to common stocks. The fund tracks the ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index, investing in a diversified portfolio of over 150 preferred securities. With a focus on broad credit and a market value weighting scheme, this ETF is suitable for investors seeking to boost yields in their portfolio or reduce risk through diversification.
JEPY - Defiance S&P 500 Enhanced Options Income ETF
The Defiance S&P 500 Enhanced Options Income ETF is an actively managed equity fund that seeks to provide income generation and capital appreciation by investing in large-cap US stocks, utilizing an options-based strategy.
| PSK | JEPY | |
|---|---|---|
| Fund Name | SPDR ICE Preferred Securities ETF | Defiance S&P 500 Enhanced Options Income ETF |
| Fund Provider | State Street | Defiance ETFs |
| Index | ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index | Active (No Index) |
| Asset Class | Equity | Equity |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.45% | 0.99% |
| Inception Date | 2009-09-16 | 2023-09-18 |
| Number Of Holdings | 155 | 7 |
| Currency | USD | USD |
| Region | United States | United States |
| Investment Style | Income | Income |
| Market Cap | Micro-Cap | Large-Cap |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.