PCEB vs. PCCE

Last updated Aug 2, 2026

PCEB (Polen Euro High Yield Bond ETF) and PCCE (Polen Capital China Growth ETF) are both exchange-traded funds - PCEB is a European High Yield Bonds fund actively managed by Polen, while PCCE is a China Equities fund actively managed by Polen. Both are actively managed. Their 0.22 correlation means their historical movements had little consistent relationship. PCEB charges 0.55%/yr vs 1.00%/yr for PCCE.

Performance

PCEB vs. PCCE - Performance Comparison

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

Returns By Period

PCEB

• 1D: 0.31%
• 1M: 0.05%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PCCE

• 1D: 1.00%
• 1M: 3.18%
• 6M: -6.40%
• YTD: -3.32%
• 1Y: 1.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.33%

*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	$4.91K	$4.04K	$4.19K
PCEB Polen Euro High Yield Bond ETF	$460.60K	$339.39K	$510.17K

PCEB vs. PCCE - Yearly Performance Comparison

	2026 (YTD)
PCEB Polen Euro High Yield Bond ETF	-1.65%
PCCE Polen Capital China Growth ETF	-2.17%

Correlation

The correlation between PCEB and PCCE is 0.22, 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	0.22

Return for Risk

PCEB vs. PCCE — 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.

PCCE

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

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. PCCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Euro High Yield Bond ETF (PCEB) and Polen Capital China Growth ETF (PCCE). 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	PCCE	Difference
Sharpe ratio: Return per unit of total volatility	—	0.01	—
Sortino ratio: Return per unit of downside risk	—	0.15	—
Omega ratio: Gain probability vs. loss probability	—	1.02	—
Calmar ratio: Return relative to maximum drawdown	—	0.01	—
Martin ratio: Return relative to average drawdown	—	0.02	—

Drawdowns

PCEB vs. PCCE - Drawdown Comparison

The maximum PCEB drawdown since its inception was -3.27%, smaller than the maximum PCCE drawdown of -26.38%. Use the drawdown chart below to compare losses from any high point for PCEB and PCCE.

Drawdown Indicators

	PCEB	PCCE	Difference
Max Drawdown Largest peak-to-trough decline	-3.27%	-26.38%	+23.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.59%	—
Current Drawdown Current decline from peak	-1.84%	-11.78%	+9.94%
Average Drawdown Average peak-to-trough decline	-1.75%	-10.18%	+8.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.06%	—

Volatility

Volatility by Period

	PCEB	PCCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.21%	20.03%	-13.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.21%	25.90%	-19.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.21%	25.90%	-19.69%

PCEB vs. PCCE - Expense Ratio Comparison

PCEB has a 0.55% expense ratio, which is lower than PCCE's 1.00% expense ratio.

Dividends

PCEB vs. PCCE - Dividend Comparison

PCEB's dividend yield for the trailing twelve months is around 0.85%, less than PCCE's 2.36% yield.

Position	TTM	2025	2024
PCCE Polen Capital China Growth ETF	2.36%	2.29%	1.95%
PCEB Polen Euro High Yield Bond ETF	0.85%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PCEB and PCCE in my portfolio?

PCEB and PCCE have a correlation of 0.22, 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 PCCE?

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 PCCE?

PCEB is cheaper with a 0.55% expense ratio, compared with 1.00% for PCCE.

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

PCCE has the higher dividend yield at 2.36%, compared with 0.85% for PCEB.

What is the main difference between PCEB and PCCE?

PCEB is categorized as European High Yield Bonds, while PCCE is China Equities. Their fees differ too: 0.55% for PCEB and 1.00% for PCCE.