PCEB vs. PCSG

Last updated Jul 4, 2026

PCEB (Polen Euro High Yield Bond ETF) and PCSG (Polen 5Perspectives Small-Mid Growth ETF) are both exchange-traded funds - PCEB is a European High Yield Bonds fund actively managed by Polen, while PCSG is a Mid Cap Growth Equities fund actively managed by Polen. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. PCEB charges 0.55%/yr vs 0.60%/yr for PCSG.

Performance

PCEB vs. PCSG - 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 Small-Mid Growth ETF (PCSG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCEB

• 1D: 0.50%
• 1M: -0.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCSG

• 1D: -3.77%
• 1M: -5.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCEB vs. PCSG - Yearly Performance Comparison

	2026 (YTD)
PCEB Polen Euro High Yield Bond ETF	-0.24%
PCSG Polen 5Perspectives Small-Mid Growth ETF	-0.46%

Correlation

The correlation between PCEB and PCSG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 18, 2026	0.41

Return for Risk

PCEB vs. PCSG - 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 Small-Mid Growth ETF (PCSG). 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. PCSG - Drawdown Comparison

The maximum PCEB drawdown since its inception was -2.99%, smaller than the maximum PCSG drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for PCEB and PCSG.

Drawdown Indicators

	PCEB	PCSG	Difference
Max Drawdown Largest peak-to-trough decline	-2.99%	-9.02%	+6.03%
Current Drawdown Current decline from peak	-1.89%	-7.24%	+5.35%
Average Drawdown Average peak-to-trough decline	-1.45%	-2.57%	+1.12%

Volatility

Volatility by Period

	PCEB	PCSG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.78%	37.20%	-30.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.78%	37.20%	-30.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.78%	37.20%	-30.42%

PCEB vs. PCSG - Expense Ratio Comparison

PCEB has a 0.55% expense ratio, which is lower than PCSG's 0.60% expense ratio.

Dividends

PCEB vs. PCSG - Dividend Comparison

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

Position	TTM
PCEB Polen Euro High Yield Bond ETF	0.52%
PCSG Polen 5Perspectives Small-Mid Growth ETF	0.00%

Frequently Asked Questions

Can I hold both PCEB and PCSG in my portfolio?

PCEB and PCSG have a correlation of 0.41, 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 PCSG?

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 PCSG?

PCEB is cheaper with a 0.55% expense ratio, compared with 0.60% for PCSG.

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

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

What is the main difference between PCEB and PCSG?

PCEB is categorized as European High Yield Bonds, while PCSG is Mid Cap Growth Equities. Their fees differ too: 0.55% for PCEB and 0.60% for PCSG.