Cohen & Steers Tax-Advantaged Preferred… (PTA) Performance
PTA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −6.2% since Dec 31, 2025
- 1 year
- −7.8% total return
- 5 years
- +0.6% a year
- Since first price
- +1.4% a year since 2020
PTA trailing returns vs SPY, QQQ, AGG
| Period | PTA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.5% | −4.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.5% | −10.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −8.7% | −12.5% | +7.8% | +8.4% | −1.5% |
| YTD | −6.2% | −12.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −7.8% | −15.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +30.9%+9.4%/yr | +2.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +3.0%+0.6%/yr | −32.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 28, 2020 | +8.8%+1.4%/yr | −32.5% | — | — | — |
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: PTA vs SPY
From Oct 28, 2020: PTA grew to $10,876, SPY to $25,225.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PTA returns by calendar year
3 of 5 full years positive. Best 2024 (+15.8%), worst 2022 (−20.5%). 2026 is year to date.
PTA annual returns table
| Year | PTA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −6.2% | −12.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.0% | −11.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +15.8% | −8.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.6% | −18.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −20.5% | −25.8% | −18.2% | −32.6% | −13.0% |
| 2021 | −1.0% | −8.3% | +28.7% | +27.4% | −1.8% |
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.
PTA largest drawdowns
Now 11.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 3, 2021 | −28.7% | May 15, 2023 | Aug 16, 2024 | 1.7 years | 3.0 years |
| Oct 16, 2024 | −13.0% | Apr 8, 2025 | Jul 1, 2025 | 6 months | 8 months |
| Sep 19, 2025 | −12.4% | Oct 14, 2026 | not yet | 1.1 years | 1.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PTA risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +8.5% | +1.1% | +1.8% |
| Volatility (annualized) | 12.0% | 14.6% | 13.7% |
| Sharpe ratio | 0.38 | -0.10 | -0.02 |
| Sortino ratio | 0.62 | -0.16 | -0.04 |
| Best month | +10.1% | +13.8% | +13.8% |
| Worst month | −5.2% | −7.0% | −7.0% |
| Best 12 months | +31.2% | +31.2% | +31.2% |
| Worst 12 months | −7.4% | −23.6% | −23.6% |
| Positive months | 58% | 48% | 51% |
| Beta vs S&P 500 | 0.74 | 0.67 | — |
| Correlation with S&P 500 | 0.77 | 0.71 | — |
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.
PTA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 61 | −23.6% | +5.2% | +31.2% | 62% |
| 3-year (a year) | 37 | −5.5% | +6.0% | +15.3% | 78% |
| 5-year (a year) | 13 | +0.6% | +2.8% | +3.5% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
PTA performance overview
Cohen & Steers Tax-Advantaged Preferred… (PTA) returned −7.8% over the past year and +0.6% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +1.4% a year, turning $10,000 into about $10,876. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.7%, from Sep 3, 2021 to May 15, 2023, and it took 1.3 years to get back to the old high. PTA finished 3 of its 5 full calendar years with a gain; the best year was 2024 (+15.8%) and the worst 2022 (−20.5%). Volatility has been 13.7% a year.
Related: PTA chart, PTA dividends. See the PTA overview for the latest quote and fund facts.
PTA performance FAQ
What is the PTA return over the past year?
PTA returned −7.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 15.3%.
What is the average annual return of PTA?
PTA has returned +0.6% a year over 5 years, +1.4% a year since October 28, 2020 (total return, distributions reinvested).
How much would $10,000 invested in PTA be worth?
$10,000 invested in PTA at its first recorded close on October 28, 2020 would be worth about $10,876 on October 23, 2026 with distributions reinvested.
What was the worst year for PTA?
The worst calendar year was 2022, with a total return of −20.5%. The best was 2024 at +15.8%.
What is the biggest drawdown of PTA?
The largest peak-to-trough decline was −28.7% between September 3, 2021 and May 15, 2023. It recovered to the old high on August 16, 2024, 1.3 years after the bottom.
How volatile is PTA?
Over the past 3 years PTA had an annualized volatility of 12.0% and a Sharpe ratio of 0.38 (excess return over 1–3 month T-bills per unit of risk).