PCCE vs. CAS

Last updated Jul 12, 2026

PCCE (Polen Capital China Growth ETF) and CAS (Simplify China A Shares PLUS Income ETF) are both China Equities funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. PCCE charges 1.00%/yr vs 0.88%/yr for CAS.

Performance

PCCE vs. CAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Capital China Growth ETF (PCCE) and Simplify China A Shares PLUS Income ETF (CAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCCE

• 1D: -1.24%
• 1M: -1.64%
• 6M: -9.96%
• YTD: -6.04%
• 1Y: -0.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAS

• 1D: -0.94%
• 1M: 2.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCCE vs. CAS - Yearly Performance Comparison

	2026 (YTD)
PCCE Polen Capital China Growth ETF	-5.41%
CAS Simplify China A Shares PLUS Income ETF	-1.43%

Correlation

The correlation between PCCE and CAS is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.79

PCCE vs. CAS - Sectors Allocation Comparison

Sectors	PCCE	CAS
Communication Services	20.1%	-
Financial Services	19.9%	40.5%
Consumer Cyclical	17.3%	-
Industrials	13.7%	-
Real Estate	8.7%	-
Healthcare	8.0%	-
Technology	6.1%	-
Consumer Defensive	4.3%	-
Basic Materials	1.8%	-
Energy	-	-
Utilities	-	-

Return for Risk

PCCE vs. CAS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCCE

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

CAS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCCE vs. CAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Capital China Growth ETF (PCCE) and Simplify China A Shares PLUS Income ETF (CAS). 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.

	PCCE	CAS	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	—	—
Sortino ratio: Return per unit of downside risk	0.11	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.02	—	—
Martin ratio: Return relative to average drawdown	-0.04	—	—

Drawdowns

PCCE vs. CAS - Drawdown Comparison

The maximum PCCE drawdown since its inception was -26.38%, which is greater than CAS's maximum drawdown of -7.26%. Use the drawdown chart below to compare losses from any high point for PCCE and CAS.

Drawdown Indicators

	PCCE	CAS	Difference
Max Drawdown Largest peak-to-trough decline	-26.38%	-7.26%	-19.12%
Max Drawdown (1Y) Largest decline over 1 year	-16.59%	—	—
Current Drawdown Current decline from peak	-14.25%	-4.94%	-9.31%
Average Drawdown Average peak-to-trough decline	-10.08%	-2.90%	-7.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.43%	—	—

Volatility

Volatility by Period

	PCCE	CAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.51%	30.04%	-10.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.01%	30.04%	-4.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.01%	30.04%	-4.03%

PCCE vs. CAS - Expense Ratio Comparison

PCCE has a 1.00% expense ratio, which is higher than CAS's 0.88% expense ratio.

Dividends

PCCE vs. CAS - Dividend Comparison

PCCE's dividend yield for the trailing twelve months is around 2.43%, more than CAS's 0.36% yield.

Position	TTM	2025	2024
CAS Simplify China A Shares PLUS Income ETF	0.36%	0.00%	0.00%
PCCE Polen Capital China Growth ETF	2.43%	2.29%	1.95%

Frequently Asked Questions

Can I hold both PCCE and CAS in my portfolio?

PCCE and CAS have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCCE or CAS?

On fees, CAS is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCCE or CAS?

CAS is cheaper with a 0.88% expense ratio, compared with 1.00% for PCCE.

Which ETF pays a higher dividend yield, PCCE or CAS?

PCCE has the higher dividend yield at 2.43%, compared with 0.36% for CAS.

What is the main difference between PCCE and CAS?

They also come from different issuers: Polen and Simplify. Their fees differ too: 1.00% for PCCE and 0.88% for CAS.