LONZ vs. PCFI

Last updated Aug 2, 2026

LONZ (PIMCO Senior Loan Active Exchange-Traded Fund) and PCFI (Polen Floating Rate Income ETF) are both Bank Loan funds. Both are actively managed. Over the past year, LONZ returned 4.94% vs -0.27% for PCFI. Their 0.27 correlation means their historical movements had little consistent relationship. LONZ charges 0.62%/yr vs 0.49%/yr for PCFI.

Performance

LONZ vs. PCFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and Polen Floating Rate Income ETF (PCFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LONZ achieves a 2.58% return, which is significantly higher than PCFI's 0.94% return.

LONZ

• 1D: 0.11%
• 1M: 0.41%
• 6M: 2.66%
• YTD: 2.58%
• 1Y: 4.94%
• 3Y*: 7.40%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.31%

PCFI

• 1D: 0.04%
• 1M: -0.03%
• 6M: 0.13%
• YTD: 0.94%
• 1Y: -0.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LONZ PIMCO Senior Loan Active Exchange-Traded Fund	$3.20M	$2.52M	$5.54M
PCFI Polen Floating Rate Income ETF	$51.98K	$26.04K	$64.11K

LONZ vs. PCFI - Yearly Performance Comparison

	2026 (YTD)	2025
LONZ PIMCO Senior Loan Active Exchange-Traded Fund	2.58%	5.28%
PCFI Polen Floating Rate Income ETF	0.94%	1.62%

Correlation

The correlation between LONZ and PCFI is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.27

Return for Risk

LONZ vs. PCFI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LONZ

LONZ Risk / Return Rank: 83
LONZ Sharpe Ratio Rank: 88
LONZ Sortino Ratio Rank: 87
LONZ Omega Ratio Rank: 94
LONZ Calmar Ratio Rank: 69
LONZ Martin Ratio Rank: 78

PCFI

PCFI Risk / Return Rank: 10
PCFI Sharpe Ratio Rank: 10
PCFI Sortino Ratio Rank: 9
PCFI Omega Ratio Rank: 9
PCFI Calmar Ratio Rank: 10
PCFI Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LONZ vs. PCFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and Polen Floating Rate Income ETF (PCFI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	LONZ	PCFI	Difference
Sharpe ratio: Return per unit of total volatility	2.12	-0.05	+2.17
Sortino ratio: Return per unit of downside risk	2.95	-0.03	+2.98
Omega ratio: Gain probability vs. loss probability	1.49	1.00	+0.50
Calmar ratio: Return relative to maximum drawdown	2.39	-0.07	+2.46
Martin ratio: Return relative to average drawdown	9.86	-0.13	+9.99

LONZ vs. PCFI - Sharpe Ratio Comparison

The current LONZ Sharpe Ratio is 2.12, which is higher than the PCFI Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of LONZ and PCFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LONZ vs. PCFI - Drawdown Comparison

The maximum LONZ drawdown since its inception was -4.19%, roughly equal to the maximum PCFI drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for LONZ and PCFI.

Drawdown Indicators

	LONZ	PCFI	Difference
Max Drawdown Largest peak-to-trough decline	-4.19%	-4.01%	-0.18%
Max Drawdown (1Y) Largest decline over 1 year	-2.03%	-4.00%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	-4.19%	—	—
Current Drawdown Current decline from peak	0.00%	-1.56%	+1.56%
Average Drawdown Average peak-to-trough decline	-0.46%	-1.76%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	2.26%	-1.77%

Volatility

LONZ vs. PCFI - Volatility Comparison

The current volatility for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) is 0.31%, while Polen Floating Rate Income ETF (PCFI) has a volatility of 0.67%. This indicates that LONZ experiences smaller price fluctuations and is considered to be less risky than PCFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LONZ	PCFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	0.67%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	1.96%	4.21%	-2.25%
Volatility (1Y) Calculated over the trailing 1-year period	2.29%	5.72%	-3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.17%	6.98%	-3.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.17%	6.98%	-3.81%

LONZ vs. PCFI - Expense Ratio Comparison

LONZ has a 0.62% expense ratio, which is higher than PCFI's 0.49% expense ratio.

Dividends

LONZ vs. PCFI - Dividend Comparison

LONZ's dividend yield for the trailing twelve months is around 8.31%, less than PCFI's 9.69% yield.

Position	TTM	2025	2024	2023	2022
LONZ PIMCO Senior Loan Active Exchange-Traded Fund	7.71%	6.60%	8.16%	8.29%	3.33%
PCFI Polen Floating Rate Income ETF	9.69%	7.83%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LONZ and PCFI in my portfolio?

LONZ and PCFI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LONZ or PCFI?

PCFI has higher volatility (0.67%) compared to LONZ (0.31%). In terms of maximum drawdown, LONZ dropped -4.19% vs PCFI's -4.01%.

Which ETF is better, LONZ or PCFI?

On 1-year performance, LONZ leads with 4.94% vs -0.27% for PCFI. On fees, PCFI is cheaper at 0.49% per year. On volatility, LONZ has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LONZ or PCFI?

Over the 1-year period, LONZ has performed better with a 4.94% return vs -0.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LONZ or PCFI?

PCFI is cheaper with a 0.49% expense ratio, compared with 0.62% for LONZ.

Which ETF pays a higher dividend yield, LONZ or PCFI?

PCFI has the higher dividend yield at 9.69%, compared with 7.71% for LONZ.

What is the main difference between LONZ and PCFI?

They also come from different issuers: PIMCO and Polen. Their fees differ too: 0.62% for LONZ and 0.49% for PCFI.

Which has better risk-adjusted returns?

LONZ currently has the higher Sharpe Ratio (2.12 vs -0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.