- Issuer
- Polen Capital
- Inception Date
- Mar 24, 2025
- Region
- North America (U.S.)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $22M
Share Price Chart
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Performance
PCHI Performance Chart
Polen High Income ETF (PCHI) is up 1.1% since the beginning of the year. PCHI is currently trading at $24 per share.
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Returns By Period
Polen High Income ETF (PCHI) has returned 1.09% so far this year and 4.61% over the past 12 months.
Polen High Income ETF
- 1D
- -0.74%
- 1M
- -0.14%
- YTD
- 1.09%
- 6M
- 1.63%
- 1Y
- 4.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PCHI Monthly Returns History
Based on dividend-adjusted daily data since Mar 25, 2025, PCHI's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 56% of months were positive and 44% were negative. The best month was Jun 2025 with a return of +2.5%, while the worst month was Mar 2026 at -1.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, PCHI closed higher 53% of trading days. The best single day was Apr 23, 2025 with a return of +1.3%, while the worst single day was Sep 9, 2025 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.85% | -0.17% | -1.24% | 1.61% | -0.40% | 0.46% | 1.09% | ||||||
| 2025 | -0.74% | 0.53% | 1.18% | 2.51% | -0.75% | 1.01% | 0.89% | -0.39% | -0.14% | 1.00% | 5.19% |
Benchmark Metrics
Polen High Income ETF has an annualized alpha of 2.21%, beta of 0.13, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since March 25, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.07%) than losses (1.68%) - typical of diversified or defensive assets.
- Beta of 0.13 may look defensive, but with R2 of 0.18 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.18 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.21%
- Beta
- 0.13
- R²
- 0.18
- Upside Capture
- 14.07%
- Downside Capture
- 1.68%
Expense Ratio
PCHI has an expense ratio of 0.56%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PCHI ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Polen High Income ETF (PCHI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCHI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.78 | -1.00 |
| Martin ratioReturn relative to average drawdown | 4.62 | 12.44 | -7.82 |
Dividends
Dividend History
Polen High Income ETF provided a 8.01% dividend yield over the last twelve months, with an annual payout of $1.96 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.96 | $1.41 |
Dividend yield | 8.01% | 5.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Polen High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.16 | $0.15 | $0.17 | $0.16 | $0.15 | $0.00 | $0.79 | ||||||
| 2025 | $0.01 | $0.07 | $0.15 | $0.16 | $0.17 | $0.15 | $0.17 | $0.17 | $0.15 | $0.20 | $1.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Polen High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Polen High Income ETF was 2.99%, occurring on Apr 7, 2025. Recovery took 17 trading sessions.
The current Polen High Income ETF drawdown is 0.97%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -2.99%Apr 2025 | 12d | 24d | 1mo 6dMar 2025 - May 2025 |
2026 pullback2026 | -2.60%Jun 2026 | 1mo 2d | — | 1mo 17dMay 2026 - now |
2026 pullback2026 | -2.44%Mar 2026 | 1mo 28d | 18d | 2mo 16dJan 2026 - Apr 2026 |
2025 pullback2025 | -2.18%Nov 2025 | 2mo 10d | 1mo 20d | 4moSep 2025 - Jan 2026 |
2025 selloff2025 | -1.19%May 2025 | 3d | 14d | 17dMay 2025 - Jun 2025 |
Drawdown Indicators
| PCHI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.99% | -56.78% | +53.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -9.10% | +6.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.97% | -1.80% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -10.71% | +9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 2.03% | -1.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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