PSQOvsPMIOETF Comparison
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Palmer Square Credit Opportunities ETF (PSQO) belongs to the US Aggregate Bonds segment. PGIM Municipal Income Opportunities ETF (PMIO) is part of the Municipal Bonds segment. PSQO's top 3 sector exposures are Sovereign, Industrials and Non-Corporate. In contrast, PMIO's top sector exposures are Municipal and Non-Corporate. PSQO is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.25% for PMIO. PSQO is up 3.13% year-to-date (YTD) with +$192M in YTD flows. PMIO performs worse with -0.24% YTD performance, and +$23M in YTD flows. Run a side-by-side ETF comparison of PSQO and PMIO 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 PMIO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQO PMIO | +0.06%-0.07% | +0.78%-2.00% | +3.13%-0.24% | +4.36%+0.33% | n/an/a | n/an/a |
| Flows | PSQO PMIO | +$8M+$5M | +$41M+$9M | +$192M+$23M | +$213M+$30M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQO PMIO | +0.59%+4.17% | +0.69%+2.62% | n/an/a | n/an/a |
| Max drawdown | PSQO PMIO | -0.24%-4.39% | -0.68%-4.97% | n/an/a | n/an/a |
| Max drawdown duration | PSQO PMIO | 22d92d | 40d102d | n/an/a | n/an/a |
Trading data
PSQO | PMIO | |
Last sale 10/20/2026 at 1:30 PM | $20.55 | $49.46 |
| Previous close 10/19/2026 | $20.56 | $49.36 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/20/2026 at 1:30 PM
Live
Closed
PSQO | PMIO | |
|---|---|---|
| Last price | $20.55 | $49.46 |
| 1D performance | -0.05% | +0.20% |
| AuM | $308.99 M | $56.67 M |
| E/R | 0.52% | 0.25% |
Characteristics
PSQO | PMIO | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Palmer Square | PGIM |
| Benchmark | - | - |
| N° of holdings | 164 | 3856 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | June 28, 2024 |
| ESG | No | No |
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Exposure
Countries
PSQO
USA
38.48%
Other
61.52%
PMIO
USA
38.18%
Other
61.82%
Sectors
PSQO
Sovereign
10.89%
Industrials
7.3%
Other
81.81%
PMIO
Municipal
36.79%
Other
63.21%
Diversification
PSQO
Total weight of top 15 holdings out of 15
21.52%
PMIO
Total weight of top 15 holdings out of 15
28.82%
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%
PMIO
Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023)
2.52%
US34074HJC79
2.31%
Illinois Toll Highway Authority, 5% 1jan2045, USD
2.28%
Kentucky Public Energy Authority, 5.25% 1apr2054, USD (2023)
2.09%
County of Utah, 5% 15may2043, USD (2020A)
2.05%
New York Liberty Development Corp., 2.45% 15sep2069, USD (2019)
1.99%
US63607WBN39
1.86%
US63607WBD56
1.84%
National Finance Authority, 6.5% 1dec2034, USD (2026)
1.81%
US74442PB613
1.76%
US63607DAB29
1.75%
US924190WL18
1.69%
US64985STJ23
1.68%
US92708HAQ74
1.64%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
1.56%
Frequently asked questions about PSQO and PMIO
How have the PSQO and PMIO ETFs performed in 2026?
As of October 19, 2026, PSQO is up 3.13% year-to-date (YTD), while PMIO has lost -0.24%. That puts PSQO better performer ahead so far this year.
Which ETF is attracting more investor money: PSQO or PMIO?
Year-to-date, the PSQO ETF saw +$192M in flows, compared to +$23M for PMIO.
Which ETF is more volatile: PSQO or PMIO?
Over the past year, PSQO had a volatility of 0.69%, while PMIO experienced 2.62%.
Which ETF is bigger: PSQO or PMIO?
As of October 19, 2026, PSQO holds $308.99 M in assets under management (AUM), while PMIO manages $56.67 M.
What sectors do the PSQO and PMIO ETFs invest in?
PSQO leans toward sectors like Sovereign and Industrials. Meanwhile, PMIO focuses on Municipal.
What are the top holdings of the PSQO ETF and PMIO 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). PMIO holds in its top three: Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023), US34074HJC79 and Illinois Toll Highway Authority, 5% 1jan2045, USD.
Which ETF is more diversified: PSQO or PMIO?
PSQO holds 427 securities with 21.52% of its assets in the top 15. PMIO has 6980 securities and a top 15 weight of 28.82%.
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