PSQOvsPVIETF Comparison
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Palmer Square Credit Opportunities ETF (PSQO) belongs to the US Aggregate Bonds segment. Invesco VRDO Tax-Free ETF (PVI) is part of the Municipal Bonds segment. PSQO's top 3 sector exposures are Sovereign, Industrials and Utilities. In contrast, PVI's top sector exposures are Municipal. PSQO is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.25% for PVI. PSQO is up 3.05% year-to-date (YTD) with +$173M in YTD flows. PVI performs worse with 1.25% YTD performance, and -$3K in YTD flows. Run a side-by-side ETF comparison of PSQO and PVI 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 PVI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQO PVI | +0.52%+0.16% | +1.34%+0.53% | +3.05%+1.25% | +5.07%+2.09% | n/a+7.55% | n/a+10.16% |
| Flows | PSQO PVI | +$17M- | +$36M+$1M | +$173M-$3K | +$209M-$3K | --$9M | --$17M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQO PVI | +0.49%+0.09% | +0.67%+0.15% | n/a+0.13% | n/a+0.14% |
| Max drawdown | PSQO PVI | -0.08%n/a | -0.68%n/a | n/an/a | n/a-0.09% |
| Max drawdown duration | PSQO PVI | 7dn/a | 40dn/a | n/an/a | n/a290d |
Trading data
PSQO | PVI | |
Last sale 9/4/2026 at 1:48 PM | $20.85 | $24.84 |
| Previous close 09/03/2026 | $20.83 | $24.87 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 4, 2026
1-year trailing difference
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PSQO
is actively managed and doesn’t replicate an indexPSQO | PVI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 1:48 PM
Live
Closed
PSQO | PVI | |
|---|---|---|
| Last price | $20.85 | $24.84 |
| 1D performance | +0.10% | -0.12% |
| AuM | $294.03 M | $31.03 M |
| E/R | 0.52% | 0.25% |
Characteristics
PSQO | PVI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Palmer Square | Invesco |
| Benchmark | - | ICE US Municipal AMT-Free VRDO Constrained Index |
| N° of holdings | 168 | 44 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | November 15, 2007 |
| ESG | No | No |
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Exposure
Countries
PSQO
USA
36.63%
Other
63.37%
PVI
USA
37.26%
Other
62.74%
Sectors
PSQO
Sovereign
11.25%
Industrials
7.71%
Other
81.04%
PVI
Municipal
37.26%
Other
62.74%
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Diversification
PSQO
Total weight of top 15 holdings out of 15
17.98%
PVI
Total weight of top 15 holdings out of 15
33.32%
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%
PVI
US64972GAS30
4.45%
US64966TAF12
3.89%
Texas, FRN 1jun2046, USD (2015B)
2.95%
US20775HDU41
2.27%
New York Transitional Finance Authority, FRN 1nov2036, USD
2.27%
Florida Keys Aqueduct Authority, FRN 1sep2035, USD (2008)
2.27%
US45200FFS39
2.17%
New York Metropolitan Transportation Authority, FRN 1nov2032, USD (2012G-2)
1.94%
West Palm Beach, FRN 1oct2038, USD (2008C)
1.62%
US405815HE45
1.62%
US44244CN944
1.62%
Texas State University, FRN 1aug2039, USD (2008B)
1.62%
US072024YE64
1.62%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.56%
US87638QSH38
1.46%
Frequently asked questions about PSQO and PVI
How have the PSQO and PVI ETFs performed in 2026?
As of September 3, 2026, PSQO is up 3.05% year-to-date (YTD), while PVI has returned 1.25%. That puts PSQO better performer ahead so far this year.
Which ETF is attracting more investor money: PSQO or PVI?
Year-to-date, the PSQO ETF saw +$173M in flows, compared to -$3K for PVI.
Which ETF is more volatile: PSQO or PVI?
Over the past year, PSQO had a volatility of 0.67%, while PVI experienced 0.15%.
Which ETF is bigger: PSQO or PVI?
As of September 3, 2026, PSQO holds $294.03 M in assets under management (AUM), while PVI manages $31.03 M.
What sectors do the PSQO and PVI ETFs invest in?
PSQO leans toward sectors like Sovereign and Industrials. Meanwhile, PVI focuses on Municipal.
What are the top holdings of the PSQO ETF and PVI 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). PVI holds in its top three: US64972GAS30, US64966TAF12 and Texas, FRN 1jun2046, USD (2015B).
Which ETF is more diversified: PSQO or PVI?
PSQO holds 426 securities with 17.98% of its assets in the top 15. PVI has 147 securities and a top 15 weight of 33.32%.
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