PCEB vs. IDVZ

Last updated Aug 4, 2026

PCEB (Polen Euro High Yield Bond ETF) and IDVZ (Polen International Dividend Income ETF) are both exchange-traded funds - PCEB is a European High Yield Bonds fund actively managed by Polen, while IDVZ is a Foreign Large Cap Equities fund actively managed by Polen. Both are actively managed. Their 0.36 correlation means their historical movements had little consistent relationship. PCEB charges 0.55%/yr vs 0.75%/yr for IDVZ.

Performance

PCEB vs. IDVZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Euro High Yield Bond ETF (PCEB) and Polen International Dividend Income ETF (IDVZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCEB

• 1D: -0.04%
• 1M: 0.02%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IDVZ

• 1D: -0.26%
• 1M: 1.69%
• 6M: 3.93%
• YTD: 11.65%
• 1Y: 26.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.72%

*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)
IDVZ Polen International Dividend Income ETF	$637.20K	$1.41M	$1.05M
PCEB Polen Euro High Yield Bond ETF	$462.01K	$325.88K	$502.53K

PCEB vs. IDVZ - Yearly Performance Comparison

	2026 (YTD)
PCEB Polen Euro High Yield Bond ETF	-1.68%
IDVZ Polen International Dividend Income ETF	0.84%

Correlation

The correlation between PCEB and IDVZ is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 6, 2026	0.36

Return for Risk

PCEB vs. IDVZ — Risk / Return Rank

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

PCEB

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

IDVZ

IDVZ Risk / Return Rank: 80
IDVZ Sharpe Ratio Rank: 84
IDVZ Sortino Ratio Rank: 83
IDVZ Omega Ratio Rank: 84
IDVZ Calmar Ratio Rank: 73
IDVZ Martin Ratio Rank: 77

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.

PCEB vs. IDVZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Euro High Yield Bond ETF (PCEB) and Polen International Dividend Income ETF (IDVZ). 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.

	PCEB	IDVZ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.13	—
Sortino ratio: Return per unit of downside risk	—	2.95	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	2.79	—
Martin ratio: Return relative to average drawdown	—	10.89	—

Drawdowns

PCEB vs. IDVZ - Drawdown Comparison

The maximum PCEB drawdown since its inception was -3.27%, smaller than the maximum IDVZ drawdown of -10.99%. Use the drawdown chart below to compare losses from any high point for PCEB and IDVZ.

Drawdown Indicators

	PCEB	IDVZ	Difference
Max Drawdown Largest peak-to-trough decline	-3.27%	-10.99%	+7.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.35%	—
Current Drawdown Current decline from peak	-1.88%	-1.11%	-0.77%
Average Drawdown Average peak-to-trough decline	-1.75%	-1.44%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.40%	—

Volatility

Volatility by Period

	PCEB	IDVZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.16%	12.27%	-6.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.16%	14.25%	-8.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.16%	14.25%	-8.09%

PCEB vs. IDVZ - Expense Ratio Comparison

PCEB has a 0.55% expense ratio, which is lower than IDVZ's 0.75% expense ratio.

Dividends

PCEB vs. IDVZ - Dividend Comparison

PCEB's dividend yield for the trailing twelve months is around 0.85%, less than IDVZ's 2.86% yield.

Position	TTM	2025
IDVZ Polen International Dividend Income ETF	2.86%	2.88%
PCEB Polen Euro High Yield Bond ETF	0.85%	0.00%

Frequently Asked Questions

Can I hold both PCEB and IDVZ in my portfolio?

PCEB and IDVZ have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCEB or IDVZ?

On fees, PCEB is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCEB or IDVZ?

PCEB is cheaper with a 0.55% expense ratio, compared with 0.75% for IDVZ.

Which ETF pays a higher dividend yield, PCEB or IDVZ?

IDVZ has the higher dividend yield at 2.86%, compared with 0.85% for PCEB.

What is the main difference between PCEB and IDVZ?

PCEB is categorized as European High Yield Bonds, while IDVZ is Foreign Large Cap Equities. Their fees differ too: 0.55% for PCEB and 0.75% for IDVZ.