PSQOvsSTAXETF Comparison
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Palmer Square Credit Opportunities ETF (PSQO) belongs to the US Aggregate Bonds segment. Nomura Tax-Free USA Short Term ETF (STAX) is part of the Municipal Bonds segment. PSQO's top 3 sector exposures are Sovereign, Industrials and Utilities. In contrast, STAX's top sector exposures are Municipal. PSQO is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.29% for STAX. PSQO is up 3.01% year-to-date (YTD) with +$173M in YTD flows. STAX performs worse with 1.23% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of PSQO and STAX 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 STAX 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 STAX | +0.48%+0.04% | +1.29%+0.11% | +3.01%+1.23% | +5.08%+2.08% | n/an/a | n/an/a |
| Flows | PSQO STAX | +$17M-$2M | +$36M+$5M | +$173M+$6M | +$209M+$6M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQO STAX | +0.49%+1.06% | +0.67%+0.99% | n/an/a | n/an/a |
| Max drawdown | PSQO STAX | -0.08%-0.63% | -0.68%-1.05% | n/an/a | n/an/a |
| Max drawdown duration | PSQO STAX | 7d57d | 40d106d | n/an/a | n/an/a |
Trading data
PSQO | STAX | |
Last sale 9/2/2026 at 1:30 PM | $20.84 | $25.17 |
| Previous close 09/02/2026 | $20.83 | $25.17 |
| 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 | STAX | |
|---|---|---|
| Last price | $20.84 | $25.17 |
| 1D performance | +0.04% | +0.00% |
| AuM | $293.91 M | $11.34 M |
| E/R | 0.52% | 0.29% |
Characteristics
PSQO | STAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Palmer Square | Nomura |
| Benchmark | - | - |
| N° of holdings | 168 | 36 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | November 28, 2023 |
| ESG | No | No |
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Exposure
Countries
PSQO
USA
36.63%
Other
63.37%
STAX
USA
37.04%
Other
62.96%
Sectors
PSQO
Sovereign
11.25%
Industrials
7.71%
Other
81.04%
STAX
Municipal
37.04%
Other
62.96%
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Diversification
PSQO
Total weight of top 15 holdings out of 15
17.98%
STAX
Total weight of top 15 holdings out of 15
26.01%
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%
STAX
Chicago, 5% 1nov2026, USD (2004)
2.43%
US68608JXF38
2.27%
US650116FF84
2.05%
US4521525L18
1.98%
US85236DAK46
1.82%
US882724JZ14
1.66%
US48504NCT46
1.60%
New Jersey, 5% 1jun2029, USD
1.60%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2029, USD (2018A)
1.56%
New York Transportation Development Corp., 5% 1jan2028, USD (2018)
1.55%
US472682YZ07
1.53%
US54877EAC03
1.50%
US73358XNJ71
1.49%
US60374VEX73
1.49%
New York Metropolitan Transportation Authority, 5% 15nov2030, USD (2017D)
1.48%
Frequently asked questions about PSQO and STAX
How have the PSQO and STAX ETFs performed in 2026?
As of September 2, 2026, PSQO is up 3.01% year-to-date (YTD), while STAX has returned 1.23%. That puts PSQO better performer ahead so far this year.
Which ETF is attracting more investor money: PSQO or STAX?
Year-to-date, the PSQO ETF saw +$173M in flows, compared to +$6M for STAX.
Which ETF is more volatile: PSQO or STAX?
Over the past year, PSQO had a volatility of 0.67%, while STAX experienced 0.99%.
Which ETF is bigger: PSQO or STAX?
As of September 2, 2026, PSQO holds $293.91 M in assets under management (AUM), while STAX manages $11.34 M.
What sectors do the PSQO and STAX ETFs invest in?
PSQO leans toward sectors like Sovereign and Industrials. Meanwhile, STAX focuses on Municipal.
What are the top holdings of the PSQO ETF and STAX 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). STAX holds in its top three: Chicago, 5% 1nov2026, USD (2004), US68608JXF38 and US650116FF84.
Which ETF is more diversified: PSQO or STAX?
PSQO holds 426 securities with 17.98% of its assets in the top 15. STAX has 92 securities and a top 15 weight of 26.01%.
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