PCEB vs. PCLC

Last updated Jul 24, 2026

PCEB (Polen Euro High Yield Bond ETF) and PCLC (Polen 5Perspectives Large Growth ETF) are both exchange-traded funds - PCEB is a European High Yield Bonds fund actively managed by Polen, while PCLC is a Large Cap Growth Equities fund actively managed by Polen. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. PCEB charges 0.55%/yr vs 0.50%/yr for PCLC.

Performance

PCEB vs. PCLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Euro High Yield Bond ETF (PCEB) and Polen 5Perspectives Large Growth ETF (PCLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCEB

• 1D: -0.70%
• 1M: -0.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PCLC

• 1D: -2.88%
• 1M: -4.62%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
PCEB Polen Euro High Yield Bond ETF	$314.23K	$333.19K	$518.02K
PCLC Polen 5Perspectives Large Growth ETF	$12.18K	$7.86K	$13.07K

PCEB vs. PCLC - Yearly Performance Comparison

	2026 (YTD)
PCEB Polen Euro High Yield Bond ETF	-1.56%
PCLC Polen 5Perspectives Large Growth ETF	-3.26%

Correlation

The correlation between PCEB and PCLC is 0.54, 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 18, 2026	0.54

Return for Risk

PCEB vs. PCLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Euro High Yield Bond ETF (PCEB) and Polen 5Perspectives Large Growth ETF (PCLC). 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.

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

Drawdowns

PCEB vs. PCLC - Drawdown Comparison

The maximum PCEB drawdown since its inception was -3.19%, smaller than the maximum PCLC drawdown of -9.62%. Use the drawdown chart below to compare losses from any high point for PCEB and PCLC.

Drawdown Indicators

	PCEB	PCLC	Difference
Max Drawdown Largest peak-to-trough decline	-3.19%	-9.62%	+6.43%
Current Drawdown Current decline from peak	-3.19%	-9.62%	+6.43%
Average Drawdown Average peak-to-trough decline	-1.65%	-4.02%	+2.37%

Volatility

Volatility by Period

	PCEB	PCLC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.29%	31.77%	-25.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.29%	31.77%	-25.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.29%	31.77%	-25.48%

PCEB vs. PCLC - Expense Ratio Comparison

PCEB has a 0.55% expense ratio, which is higher than PCLC's 0.50% expense ratio.

Dividends

PCEB vs. PCLC - Dividend Comparison

PCEB's dividend yield for the trailing twelve months is around 0.52%, while PCLC has not paid dividends to shareholders.

Position	TTM
PCEB Polen Euro High Yield Bond ETF	0.52%
PCLC Polen 5Perspectives Large Growth ETF	0.00%

Frequently Asked Questions

Can I hold both PCEB and PCLC in my portfolio?

PCEB and PCLC have a correlation of 0.54, 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 PCLC?

On fees, PCLC is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCEB or PCLC?

PCLC is cheaper with a 0.50% expense ratio, compared with 0.55% for PCEB.

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

PCEB has the higher dividend yield at 0.52%, compared with 0.00% for PCLC.

What is the main difference between PCEB and PCLC?

PCEB is categorized as European High Yield Bonds, while PCLC is Large Cap Growth Equities. Their fees differ too: 0.55% for PCEB and 0.50% for PCLC.