PSQOvsDFCAETF Comparison
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Palmer Square Credit Opportunities ETF (PSQO) belongs to the US Aggregate Bonds segment. Dimensional California Municipal Bond ETF (DFCA) is part of the Municipal Bonds segment. PSQO's top 3 sector exposures are Sovereign, Industrials and Utilities. In contrast, DFCA's top sector exposures are Municipal. PSQO is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.19% for DFCA. PSQO is up 3.01% year-to-date (YTD) with +$173M in YTD flows. DFCA performs worse with -0.18% YTD performance, and +$133M in YTD flows. Run a side-by-side ETF comparison of PSQO and DFCA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PSQO vs DFCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQO DFCA | +0.48%-0.52% | +1.29%-1.13% | +3.01%-0.18% | +5.08%+2.54% | n/a+7.50% | n/an/a |
| Flows | PSQO DFCA | +$17M+$19M | +$36M+$47M | +$173M+$133M | +$209M+$239M | -+$560M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQO DFCA | +0.49%+1.72% | +0.67%+1.58% | n/a+2.28% | n/an/a |
| Max drawdown | PSQO DFCA | -0.08%-1.64% | -0.68%-1.73% | n/a-3.58% | n/an/a |
| Max drawdown duration | PSQO DFCA | 7d57d | 40d184d | n/a270d | n/an/a |
Trading data
PSQO | DFCA | |
Last sale 9/2/2026 at 1:30 PM | $20.84 | $49.13 |
| Previous close 09/02/2026 | $20.83 | $49.12 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
PSQO | DFCA | |
|---|---|---|
| Last price | $20.84 | $49.13 |
| 1D performance | +0.04% | +0.03% |
| AuM | $293.91 M | $720.67 M |
| E/R | 0.52% | 0.19% |
Characteristics
PSQO | DFCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Palmer Square | Dimensional |
| Benchmark | - | - |
| N° of holdings | 168 | 133 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | June 27, 2023 |
| ESG | No | No |
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Exposure
Countries
PSQO
USA
36.63%
Other
63.37%
DFCA
USA
36.1%
Other
63.9%
Sectors
PSQO
Sovereign
11.25%
Industrials
7.71%
Other
81.04%
DFCA
Municipal
36.1%
Other
63.9%
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Diversification
PSQO
Total weight of top 15 holdings out of 15
17.98%
DFCA
Total weight of top 15 holdings out of 15
13.43%
Top 15 holdings
Data as of July 31, 2026
PSQO
Fidelity Investments Money Market Treasury Portfolio
2.18%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.96%
USA, Notes 4% 31may2028, USD (BC-2028)
1.81%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
1.80%
USA, Notes 4% 31jan2029, USD (U-2029)
1.54%
USA, Bills 0% 5nov2026, USD (182D)
1.26%
USA, Bills 0% 19nov2026, USD (182D)
1.26%
US14317KAQ76
1.09%
US38190MAJ09
0.73%
US89640AAY29
0.73%
US29002GAU58
0.73%
US14315GAW50
0.73%
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
0.73%
US671000AL11
0.72%
US55956CAA99
0.72%
DFCA
California, 5% 1apr2035, USD
1.53%
US769110DA28
1.32%
US797661G257
1.04%
US072024YF30
0.95%
US544647HM52
0.91%
US797661D510
0.90%
California, 5% 1oct2042, USD
0.88%
California, 5% 1oct2029, USD
0.79%
US013079R2J7
0.77%
US797661F424
0.76%
California, 4% 1nov2036, USD
0.75%
US544647JH40
0.73%
US013079QGW5
0.70%
US013079Q2R1
0.70%
University of California Medical Center, FRN 15may2045, USD
0.70%
Frequently asked questions about PSQO and DFCA
How have the PSQO and DFCA ETFs performed in 2026?
As of September 2, 2026, PSQO is up 3.01% year-to-date (YTD), while DFCA has lost -0.18%. That puts PSQO better performer ahead so far this year.
Which ETF is attracting more investor money: PSQO or DFCA?
Year-to-date, the PSQO ETF saw +$173M in flows, compared to +$133M for DFCA.
Which ETF is more volatile: PSQO or DFCA?
Over the past year, PSQO had a volatility of 0.67%, while DFCA experienced 1.58%.
Which ETF is bigger: PSQO or DFCA?
As of September 2, 2026, PSQO holds $293.91 M in assets under management (AUM), while DFCA manages $720.67 M.
What sectors do the PSQO and DFCA ETFs invest in?
PSQO leans toward sectors like Sovereign and Industrials. Meanwhile, DFCA focuses on Municipal.
What are the top holdings of the PSQO ETF and DFCA ETF?
PSQO top holdings include Fidelity Investments Money Market Treasury Portfolio, USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4% 31may2028, USD (BC-2028). DFCA holds in its top three: California, 5% 1apr2035, USD, US769110DA28 and US797661G257.
Which ETF is more diversified: PSQO or DFCA?
PSQO holds 426 securities with 17.98% of its assets in the top 15. DFCA has 505 securities and a top 15 weight of 13.43%.
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