MBSF vs. PCFI
MBSF (Regan Floating Rate MBS ETF) and PCFI (Polen Floating Rate Income ETF) are both Bank Loan funds. Both are actively managed. Over the past year, MBSF returned 5.88% vs 0.26% for PCFI. At a 0.00 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
MBSF vs. PCFI - Performance Comparison
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Returns By Period
In the year-to-date period, MBSF achieves a 2.30% return, which is significantly higher than PCFI's 1.17% return.
MBSF
- 1D
- 0.08%
- 1M
- 0.42%
- 6M
- 2.44%
- YTD
- 2.30%
- 1Y
- 5.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCFI
- 1D
- -0.09%
- 1M
- 1.41%
- 6M
- 0.68%
- YTD
- 1.17%
- 1Y
- 0.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MBSF vs. PCFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MBSF Regan Floating Rate MBS ETF | 2.30% | 4.55% |
PCFI Polen Floating Rate Income ETF | 1.17% | 1.62% |
Correlation
The correlation between MBSF and PCFI is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025 | 0.00 |
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Return for Risk
MBSF vs. PCFI — Risk / Return Rank
MBSF
PCFI
MBSF vs. PCFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Regan Floating Rate MBS ETF (MBSF) 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.
| MBSF | PCFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.01 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 7.46 | 0.07 | +7.39 |
| Martin ratioReturn relative to average drawdown | 22.89 | 0.12 | +22.78 |
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Drawdowns
MBSF vs. PCFI - Drawdown Comparison
The maximum MBSF drawdown since its inception was -0.97%, smaller than the maximum PCFI drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for MBSF and PCFI.
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Drawdown Indicators
| MBSF | PCFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.97% | -4.01% | +3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.79% | -4.01% | +3.22% |
Current DrawdownCurrent decline from peak | -0.02% | -1.34% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -1.77% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 2.26% | -2.00% |
Volatility
MBSF vs. PCFI - Volatility Comparison
The current volatility for Regan Floating Rate MBS ETF (MBSF) is 0.55%, while Polen Floating Rate Income ETF (PCFI) has a volatility of 2.14%. This indicates that MBSF 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.
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Volatility by Period
| MBSF | PCFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 2.14% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 4.29% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.92% | 5.91% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.29% | 7.11% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.29% | 7.11% | -3.82% |
MBSF vs. PCFI - Expense Ratio Comparison
Both MBSF and PCFI have an expense ratio of 0.49%.
Dividends
MBSF vs. PCFI - Dividend Comparison
MBSF's dividend yield for the trailing twelve months is around 4.46%, less than PCFI's 9.57% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MBSF Regan Floating Rate MBS ETF | 4.46% | 4.71% | 4.14% |
PCFI Polen Floating Rate Income ETF | 9.57% | 7.83% | 0.00% |
Frequently Asked Questions
MBSF and PCFI have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCFI has higher volatility (2.14%) compared to MBSF (0.55%). In terms of maximum drawdown, MBSF dropped -0.97% vs PCFI's -4.01%.
On 1-year performance, MBSF leads with 5.88% vs 0.26% for PCFI. Both ETFs have the same 0.49% expense ratio. On volatility, MBSF has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MBSF has performed better with a 5.88% return vs 0.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBSF and PCFI have the same expense ratio: 0.49% per year.
PCFI has the higher dividend yield at 9.57%, compared with 4.46% for MBSF.
They also come from different issuers: Regan and Polen.
MBSF currently has the higher Sharpe Ratio (2.03 vs 0.04), 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.
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