PCFI vs. LVLN
PCFI (Polen Floating Rate Income ETF) and LVLN (SPDR S&P Leveraged Loan ETF) are both Bank Loan funds. PCFI is actively managed, while LVLN is passively managed. At a 0.38 correlation, their price movements are largely independent. PCFI charges 0.49%/yr vs 0.40%/yr for LVLN.
Performance
PCFI vs. LVLN - Performance Comparison
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Returns By Period
In the year-to-date period, PCFI achieves a 1.10% return, which is significantly lower than LVLN's 1.80% return.
PCFI
- 1D
- 0.04%
- 1M
- 1.24%
- 6M
- -0.06%
- YTD
- 1.10%
- 1Y
- -0.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.05%
LVLN
- 1D
- 0.06%
- 1M
- 0.79%
- 6M
- 1.48%
- YTD
- 1.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $60.65K | $244.11K | $261.67K | |
| $2.22K | $2.75K | $57.49K |
PCFI vs. LVLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCFI Polen Floating Rate Income ETF | 1.10% | 0.35% |
LVLN SPDR S&P Leveraged Loan ETF | 1.80% | 1.14% |
Correlation
The correlation between PCFI and LVLN is 0.38, 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 Nov 18, 2025 | 0.38 |
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Return for Risk
PCFI vs. LVLN — Risk / Return Rank
PCFI
LVLN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PCFI vs. LVLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen Floating Rate Income ETF (PCFI) and SPDR S&P Leveraged Loan ETF (LVLN). 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.
| PCFI | LVLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.99 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | — | — |
| Martin ratioReturn relative to average drawdown | -0.27 | — | — |
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Drawdowns
PCFI vs. LVLN - Drawdown Comparison
The maximum PCFI drawdown since its inception was -4.01%, which is greater than LVLN's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for PCFI and LVLN.
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Drawdown Indicators
| PCFI | LVLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.01% | -2.34% | -1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | 0.00% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -0.47% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | — | — |
Volatility
PCFI vs. LVLN - Volatility Comparison
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Volatility by Period
| PCFI | LVLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 2.62% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 2.62% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.04% | 2.62% | +4.42% |
PCFI vs. LVLN - Expense Ratio Comparison
PCFI has a 0.49% expense ratio, which is higher than LVLN's 0.40% expense ratio.
Dividends
PCFI vs. LVLN - Dividend Comparison
PCFI's dividend yield for the trailing twelve months is around 9.57%, more than LVLN's 4.30% yield.
| Position | TTM | 2025 |
|---|---|---|
LVLN SPDR S&P Leveraged Loan ETF | 4.30% | 0.49% |
PCFI Polen Floating Rate Income ETF | 9.57% | 7.83% |
Frequently Asked Questions
PCFI and LVLN have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LVLN is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LVLN is cheaper with a 0.40% expense ratio, compared with 0.49% for PCFI.
PCFI has the higher dividend yield at 9.57%, compared with 4.30% for LVLN.
They also come from different issuers: Polen and State Street. Their fees differ too: 0.49% for PCFI and 0.40% for LVLN.
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