PCEM vs. FTSD

Last updated Jun 5, 2026

PCEM (Polen Capital Emerging Markets ex-China Growth ETF) and FTSD (Franklin Short Duration U.S. Government ETF) are both exchange-traded funds - PCEM is a Emerging Markets Diversified fund actively managed by Polen Capital, while FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton. Both are actively managed. At a correlation of -0.08, they often move in opposite directions. PCEM charges 1.00%/yr vs 0.25%/yr for FTSD.

Performance

PCEM vs. FTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Capital Emerging Markets ex-China Growth ETF (PCEM) and Franklin Short Duration U.S. Government ETF (FTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCEM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTSD

• 1D: 0.13%
• 1M: 0.26%
• YTD: 0.93%
• 6M: 1.46%
• 1Y: 4.31%
• 3Y*: 4.99%
• 5Y*: 2.49%
• 10Y*: 2.06%

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

PCEM vs. FTSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PCEM Polen Capital Emerging Markets ex-China Growth ETF	6.00%	12.55%	0.32%
FTSD Franklin Short Duration U.S. Government ETF	0.93%	5.66%	0.84%

Correlation

The correlation between PCEM and FTSD is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	-0.08

Return for Risk

PCEM vs. FTSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTSD

FTSD Risk / Return Rank: 95
FTSD Sharpe Ratio Rank: 92
FTSD Sortino Ratio Rank: 95
FTSD Omega Ratio Rank: 94
FTSD Calmar Ratio Rank: 96
FTSD Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCEM vs. FTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Capital Emerging Markets ex-China Growth ETF (PCEM) and Franklin Short Duration U.S. Government ETF (FTSD). 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.

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

Sharpe Ratios by Period

	PCEM	FTSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.30	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.05	—

Drawdowns

Drawdown Indicators

	PCEM	FTSD	Difference
Max Drawdown Largest peak-to-trough decline	—	-5.32%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.45%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.32%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.11%	—

Volatility

Volatility by Period

	PCEM	FTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.32%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.85%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.79%	—

PCEM vs. FTSD - Expense Ratio Comparison

PCEM has a 1.00% expense ratio, which is higher than FTSD's 0.25% expense ratio.

Dividends

PCEM vs. FTSD - Dividend Comparison

PCEM's dividend yield for the trailing twelve months is around 0.37%, less than FTSD's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTSD Franklin Short Duration U.S. Government ETF	4.50%	4.67%	4.75%	4.14%	1.73%	1.01%	1.54%	2.90%	2.63%	2.24%	1.92%	1.52%
PCEM Polen Capital Emerging Markets ex-China Growth ETF	0.37%	0.40%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PCEM and FTSD in my portfolio?

PCEM and FTSD have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCEM or FTSD?

On fees, FTSD is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCEM or FTSD?

FTSD is cheaper with a 0.25% expense ratio, compared with 1.00% for PCEM.

Which ETF pays a higher dividend yield, PCEM or FTSD?

FTSD has the higher dividend yield at 4.50%, compared with 0.37% for PCEM.

What is the main difference between PCEM and FTSD?

PCEM is categorized as Emerging Markets Diversified, while FTSD is Mortgage Backed Securities. They also come from different issuers: Polen Capital and Franklin Templeton. Their fees differ too: 1.00% for PCEM and 0.25% for FTSD.