PSQOvsGNMAETF Comparison
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Palmer Square Credit Opportunities ETF (PSQO) belongs to the US Aggregate Bonds segment. iShares GNMA Bond ETF (GNMA) is part of the MBS & ABS segment. PSQO's top 3 sector exposures are Sovereign, Industrials and Non-Corporate. In contrast, GNMA's top sector exposures are Industrials and Non-Corporate. PSQO is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.11% for GNMA. PSQO is up 3.13% year-to-date (YTD) with +$192M in YTD flows. GNMA performs worse with -1.65% YTD performance, and +$36M in YTD flows. Run a side-by-side ETF comparison of PSQO and GNMA 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 GNMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQO GNMA | +0.14%-0.41% | +0.81%-2.53% | +3.13%-1.65% | +4.40%-1.41% | n/a+15.95% | n/a+0.31% |
| Flows | PSQO GNMA | +$19M-$15M | +$46M+$7M | +$192M+$36M | +$214M+$69M | -+$124M | --$12M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQO GNMA | +0.59%+5.77% | +0.69%+4.49% | n/a+5.59% | n/a+6.56% |
| Max drawdown | PSQO GNMA | -0.24%-4.45% | -0.68%-5.36% | n/a-5.36% | n/a-15.48% |
| Max drawdown duration | PSQO GNMA | 22d52d | 40d229d | n/a229d | n/a1397d |
Trading data
PSQO | GNMA | |
Last sale 10/19/2026 at 1:30 PM | $20.56 | $42.10 |
| Previous close 10/16/2026 | $20.59 | $42.27 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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PSQO
is actively managed and doesn’t replicate an indexPSQO | GNMA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
PSQO | GNMA | |
|---|---|---|
| Last price | $20.56 | $42.10 |
| 1D performance | -0.15% | -0.41% |
| AuM | $308.98 M | $416.20 M |
| E/R | 0.52% | 0.11% |
Characteristics
PSQO | GNMA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Palmer Square | iShares |
| Benchmark | - | Bloomberg U.S. GNMA Bond Index |
| N° of holdings | 164 | 109 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | February 14, 2012 |
| ESG | No | No |
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Exposure
Countries
PSQO
USA
38.48%
Other
61.52%
GNMA
USA
48.8%
Other
51.2%
Sectors
PSQO
Sovereign
10.89%
Industrials
7.3%
Other
81.81%
GNMA
Industrials
39.92%
Non-Corporate
8.88%
Other
51.2%
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Diversification
PSQO
Total weight of top 15 holdings out of 15
21.52%
GNMA
Total weight of top 15 holdings out of 15
33.91%
Top 15 holdings
Data as of August 31, 2026
PSQO
Fidelity Investments Money Market Treasury Portfolio
5.68%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
2.37%
USA, Notes 4% 31may2028, USD (BC-2028)
2.37%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.84%
USA, Notes 4% 31jan2029, USD (U-2029)
1.44%
USA, Bills 0% 5nov2026, USD (182D)
1.18%
US14317KAQ76
1.02%
USA, Bills 0% 19nov2026, USD (182D)
0.84%
US38190MAJ09
0.68%
US29002GAU58
0.68%
US89640AAY29
0.68%
US14315GAW50
0.68%
US671000AL11
0.68%
US55956CAA99
0.68%
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
0.68%
GNMA
BlackRock Cash Funds - Treasury
8.88%
G2 MA7192, 2% 20feb2051, USD (ABS)
2.59%
US3618N5XQ77
2.51%
G2 MA9360, 4.5% 20dec2053, USD (ABS)
2.42%
US21H0526945
1.97%
US36179WTX64
1.90%
G2 MA8878, 5% 20may2053, USD (ABS)
1.67%
G2 MB0025, 5% 20nov2054, USD (ABS)
1.64%
US36179WJR07
1.62%
G2 MA7880, 2% 20feb2052, USD (ABS)
1.59%
G2 MA8801, 5.5% 20apr2053, USD (ABS)
1.59%
G2 MA6864, 2% 20sep2050, USD (ABS)
1.44%
US36179WLP13
1.40%
US36179WFG87
1.38%
US3617NWEY42
1.32%
Frequently asked questions about PSQO and GNMA
How have the PSQO and GNMA ETFs performed in 2026?
As of October 16, 2026, PSQO is up 3.13% year-to-date (YTD), while GNMA has lost -1.65%. That puts PSQO better performer ahead so far this year.
Which ETF is attracting more investor money: PSQO or GNMA?
Year-to-date, the PSQO ETF saw +$192M in flows, compared to +$36M for GNMA.
Which ETF is more volatile: PSQO or GNMA?
Over the past year, PSQO had a volatility of 0.69%, while GNMA experienced 4.49%.
Which ETF is bigger: PSQO or GNMA?
As of October 16, 2026, PSQO holds $308.98 M in assets under management (AUM), while GNMA manages $416.20 M.
What sectors do the PSQO and GNMA ETFs invest in?
PSQO leans toward sectors like Sovereign and Industrials. Meanwhile, GNMA focuses on Industrials and Non-Corporate.
What are the top holdings of the PSQO ETF and GNMA ETF?
PSQO top holdings include Fidelity Investments Money Market Treasury Portfolio, USA, Notes 3.875% 31dec2027, USD (AH-2027) and USA, Notes 4% 31may2028, USD (BC-2028). GNMA holds in its top three: BlackRock Cash Funds - Treasury, G2 MA7192, 2% 20feb2051, USD (ABS) and US3618N5XQ77.
Which ETF is more diversified: PSQO or GNMA?
PSQO holds 427 securities with 21.52% of its assets in the top 15. GNMA has 355 securities and a top 15 weight of 33.91%.
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