SPDR ICE Preferred Securities ETF (PSK) Performance
PSK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −6.9% since Dec 31, 2025
- 1 year
- −8.9% total return
- 5 years
- −2.3% a year
- 10 years
- +1.3% a year
- Since first price
- +4.1% a year since 2009
PSK trailing returns vs SPY, QQQ, AGG
| Period | PSK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.4% | −2.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.6% | −7.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −8.0% | −11.1% | +7.8% | +8.4% | −1.5% |
| YTD | −6.9% | −11.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −8.9% | −14.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +12.0%+3.9%/yr | −8.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −11.0%−2.3%/yr | −35.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +13.9%+1.3%/yr | −38.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +63.0%+3.3%/yr | −34.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionSep 17, 2009 | +98.2%+4.1%/yr | −30.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PSK vs SPY
From Sep 17, 2009: PSK grew to $19,820, SPY to $96,234.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PSK returns by calendar year
12 of 16 full years positive. Best 2019 (+17.6%), worst 2022 (−18.9%). 2026 is year to date.
PSK annual returns table
| Year | PSK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −6.9% | −9.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.7% | −7.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.8% | −7.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +8.9% | −15.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −18.9% | −21.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +1.6% | −4.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +6.4% | −30.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +17.6% | −1.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.5% | −8.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +12.4% | −1.8% | +21.7% | +32.7% | +3.6% |
| 2016 | −0.7% | −9.6% | +12.0% | +7.1% | +2.4% |
| 2015 | +7.7% | −3.2% | +1.2% | +9.4% | +0.5% |
| 2014 | +17.6% | −2.1% | +13.5% | +19.2% | +6.0% |
| 2013 | −5.7% | −12.0% | +32.3% | +36.6% | −2.0% |
| 2012 | +13.5% | −3.4% | +16.0% | +18.1% | +3.8% |
| 2011 | +1.2% | −13.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +14.0% | −9.4% | +15.1% | +19.9% | +6.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PSK largest drawdowns
Now 11.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −30.1% | Mar 18, 2020 | Aug 17, 2020 | 35 days | 6 months |
| Nov 5, 2021 | −22.2% | Oct 19, 2023 | not yet | 2.0 years | 5.0 years so far |
| May 13, 2011 | −13.5% | Aug 8, 2011 | Jan 27, 2012 | 3 months | 9 months |
| May 8, 2013 | −12.0% | Aug 19, 2013 | May 1, 2014 | 3 months | 12 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PSK risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +2.1% | −2.2% | +1.3% | +4.0% |
| Volatility (annualized) | 9.3% | 12.0% | 10.2% | 8.7% |
| Sharpe ratio | -0.20 | -0.43 | -0.04 | 0.35 |
| Sortino ratio | -0.29 | -0.61 | -0.06 | 0.53 |
| Best month | +8.7% | +12.2% | +12.2% | +12.2% |
| Worst month | −5.0% | −7.0% | −8.0% | −8.0% |
| Best 12 months | +21.4% | +21.4% | +21.4% | +21.4% |
| Worst 12 months | −8.3% | −20.2% | −20.2% | −20.2% |
| Positive months | 53% | 47% | 55% | 61% |
| Beta vs S&P 500 | 0.52 | 0.48 | 0.40 | — |
| Correlation with S&P 500 | 0.69 | 0.63 | 0.60 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PSK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 194 | −20.2% | +4.9% | +21.4% | 77% |
| 3-year (a year) | 170 | −5.6% | +4.9% | +11.6% | 82% |
| 5-year (a year) | 146 | −2.4% | +5.3% | +8.9% | 91% |
| 10-year (a year) | 86 | +1.3% | +3.6% | +7.5% | 100% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
PSK performance overview
SPDR ICE Preferred Securities ETF (PSK) returned −8.9% over the past year and +1.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +4.1% a year, turning $10,000 into about $19,820. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −30.1%, from Feb 12, 2020 to Mar 18, 2020, and it took 5 months to get back to the old high. PSK finished 12 of its 16 full calendar years with a gain; the best year was 2019 (+17.6%) and the worst 2022 (−18.9%). Volatility has been 8.7% a year.
Related: PSK chart, PSK dividends. See the PSK overview for the latest quote and fund facts.
PSK performance FAQ
What is the PSK return over the past year?
PSK returned −8.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 14.9%.
What is the average annual return of PSK?
PSK has returned −2.3% a year over 5 years, +1.3% a year over 10 years, +4.1% a year since September 17, 2009 (total return, distributions reinvested).
How much would $10,000 invested in PSK be worth?
$10,000 invested in PSK at its first recorded close on September 17, 2009 would be worth about $19,820 on October 23, 2026 with distributions reinvested.
What was the worst year for PSK?
The worst calendar year was 2022, with a total return of −18.9%. The best was 2019 at +17.6%.
What is the biggest drawdown of PSK?
The largest peak-to-trough decline was −30.1% between February 12, 2020 and March 18, 2020. It recovered to the old high on August 17, 2020, 5 months after the bottom.
How volatile is PSK?
Over the past 3 years PSK had an annualized volatility of 9.3% and a Sharpe ratio of -0.20 (excess return over 1–3 month T-bills per unit of risk).