PCCE vs. PCHI

Last updated Aug 4, 2026

PCCE (Polen Capital China Growth ETF) and PCHI (Polen High Income ETF) are both exchange-traded funds - PCCE is a China Equities fund actively managed by Polen, while PCHI is a High Yield Bonds fund actively managed by Polen. Both are actively managed. Over the past year, PCCE returned 1.31% vs 3.85% for PCHI. Their 0.26 correlation means their historical movements had little consistent relationship. PCCE charges 1.00%/yr vs 0.56%/yr for PCHI.

Performance

PCCE vs. PCHI - Performance Comparison

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

Returns By Period

In the year-to-date period, PCCE achieves a -3.59% return, which is significantly lower than PCHI's 1.35% return.

PCCE

• 1D: -0.28%
• 1M: 2.90%
• 6M: -5.93%
• YTD: -3.59%
• 1Y: 1.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.15%

PCHI

• 1D: 0.66%
• 1M: -0.05%
• 6M: 0.38%
• YTD: 1.35%
• 1Y: 3.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.82%

*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)
PCCE Polen Capital China Growth ETF	$4.55K	$4.12K	$4.24K
PCHI Polen High Income ETF	$44.50K	$157.38K	$147.97K

PCCE vs. PCHI - Yearly Performance Comparison

	2026 (YTD)	2025
PCCE Polen Capital China Growth ETF	-3.59%	9.30%
PCHI Polen High Income ETF	1.35%	5.19%

Correlation

The correlation between PCCE and PCHI is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	0.26

Return for Risk

PCCE vs. PCHI — Risk / Return Rank

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

PCCE

PCCE Risk / Return Rank: 12
PCCE Sharpe Ratio Rank: 12
PCCE Sortino Ratio Rank: 12
PCCE Omega Ratio Rank: 11
PCCE Calmar Ratio Rank: 11
PCCE Martin Ratio Rank: 12

PCHI

PCHI Risk / Return Rank: 23
PCHI Sharpe Ratio Rank: 19
PCHI Sortino Ratio Rank: 17
PCHI Omega Ratio Rank: 26
PCHI Calmar Ratio Rank: 20
PCHI Martin Ratio Rank: 32

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.

PCCE vs. PCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Capital China Growth ETF (PCCE) and Polen High Income ETF (PCHI). 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	PCHI	Difference
Sharpe ratio: Return per unit of total volatility	0.07	0.38	-0.32
Sortino ratio: Return per unit of downside risk	0.23	0.62	-0.38
Omega ratio: Gain probability vs. loss probability	1.03	1.13	-0.10
Calmar ratio: Return relative to maximum drawdown	0.08	0.60	-0.52
Martin ratio: Return relative to average drawdown	0.14	3.15	-3.01

PCCE vs. PCHI - Sharpe Ratio Comparison

The current PCCE Sharpe Ratio is 0.07, which is lower than the PCHI Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of PCCE and PCHI, 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

PCCE vs. PCHI - Drawdown Comparison

The maximum PCCE drawdown since its inception was -26.38%, which is greater than PCHI's maximum drawdown of -6.41%. Use the drawdown chart below to compare losses from any high point for PCCE and PCHI.

Drawdown Indicators

	PCCE	PCHI	Difference
Max Drawdown Largest peak-to-trough decline	-26.38%	-6.41%	-19.97%
Max Drawdown (1Y) Largest decline over 1 year	-16.59%	-6.41%	-10.18%
Current Drawdown Current decline from peak	-12.02%	-2.09%	-9.93%
Average Drawdown Average peak-to-trough decline	-10.18%	-0.89%	-9.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.09%	1.22%	+7.87%

Volatility

PCCE vs. PCHI - Volatility Comparison

Polen Capital China Growth ETF (PCCE) has a higher volatility of 5.88% compared to Polen High Income ETF (PCHI) at 3.97%. This indicates that PCCE's price experiences larger fluctuations and is considered to be riskier than PCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCCE	PCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	3.97%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	15.27%	9.77%	+5.50%
Volatility (1Y) Calculated over the trailing 1-year period	19.98%	10.14%	+9.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.88%	9.39%	+16.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.88%	9.39%	+16.49%

PCCE vs. PCHI - Expense Ratio Comparison

PCCE has a 1.00% expense ratio, which is higher than PCHI's 0.56% expense ratio.

Dividends

PCCE vs. PCHI - Dividend Comparison

PCCE's dividend yield for the trailing twelve months is around 2.37%, less than PCHI's 7.90% yield.

Position	TTM	2025	2024
PCCE Polen Capital China Growth ETF	2.37%	2.29%	1.95%
PCHI Polen High Income ETF	7.90%	5.62%	0.00%

Frequently Asked Questions

Can I hold both PCCE and PCHI in my portfolio?

PCCE and PCHI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCCE or PCHI?

PCCE has higher volatility (5.88%) compared to PCHI (3.97%). In terms of maximum drawdown, PCCE dropped -26.38% vs PCHI's -6.41%.

Which ETF is better, PCCE or PCHI?

On 1-year performance, PCHI leads with 3.85% vs 1.31% for PCCE. On fees, PCHI is cheaper at 0.56% per year. On volatility, PCHI has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PCCE or PCHI?

Over the 1-year period, PCHI has performed better with a 3.85% return vs 1.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PCCE or PCHI?

PCHI is cheaper with a 0.56% expense ratio, compared with 1.00% for PCCE.

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

PCHI has the higher dividend yield at 7.90%, compared with 2.37% for PCCE.

What is the main difference between PCCE and PCHI?

PCCE is categorized as China Equities, while PCHI is High Yield Bonds. Their fees differ too: 1.00% for PCCE and 0.56% for PCHI.

Which has better risk-adjusted returns?

PCHI currently has the higher Sharpe Ratio (0.38 vs 0.07), 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.