PCFI vs. MBSF
PCFI (Polen Floating Rate Income ETF) and MBSF (Regan Floating Rate MBS ETF) are both Bank Loan funds. Both are actively managed. Over the past year, PCFI returned 0.05% vs 5.63% for MBSF. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.49% expense ratio.
Performance
PCFI vs. MBSF - Performance Comparison
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Returns By Period
In the year-to-date period, PCFI achieves a 0.97% return, which is significantly lower than MBSF's 2.04% return.
PCFI
- 1D
- 0.07%
- 1M
- 1.43%
- 6M
- 0.97%
- YTD
- 0.97%
- 1Y
- 0.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MBSF
- 1D
- -0.14%
- 1M
- 0.56%
- 6M
- 1.94%
- YTD
- 2.04%
- 1Y
- 5.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCFI vs. MBSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCFI Polen Floating Rate Income ETF | 0.97% | 1.62% |
MBSF Regan Floating Rate MBS ETF | 2.04% | 4.55% |
Correlation
The correlation between PCFI and MBSF is -0.03, 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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025 | -0.01 |
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Return for Risk
PCFI vs. MBSF — Risk / Return Rank
PCFI
MBSF
PCFI vs. MBSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen Floating Rate Income ETF (PCFI) and Regan Floating Rate MBS ETF (MBSF). 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 | MBSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.36 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 6.83 | -6.76 |
| Martin ratioReturn relative to average drawdown | 0.13 | 20.97 | -20.85 |
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Drawdowns
PCFI vs. MBSF - Drawdown Comparison
The maximum PCFI drawdown since its inception was -4.01%, which is greater than MBSF's maximum drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for PCFI and MBSF.
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Drawdown Indicators
| PCFI | MBSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.01% | -0.97% | -3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -0.79% | -3.22% |
Current DrawdownCurrent decline from peak | -1.53% | -0.14% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -0.22% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.26% | +1.99% |
Volatility
PCFI vs. MBSF - Volatility Comparison
Polen Floating Rate Income ETF (PCFI) has a higher volatility of 2.35% compared to Regan Floating Rate MBS ETF (MBSF) at 0.50%. This indicates that PCFI's price experiences larger fluctuations and is considered to be riskier than MBSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCFI | MBSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 0.50% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 2.11% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 2.91% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 3.30% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 3.30% | +3.87% |
PCFI vs. MBSF - Expense Ratio Comparison
Both PCFI and MBSF have an expense ratio of 0.49%.
Dividends
PCFI vs. MBSF - Dividend Comparison
PCFI's dividend yield for the trailing twelve months is around 9.59%, more than MBSF's 4.47% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MBSF Regan Floating Rate MBS ETF | 4.47% | 4.71% | 4.14% |
PCFI Polen Floating Rate Income ETF | 9.59% | 7.83% | 0.00% |
Frequently Asked Questions
PCFI and MBSF have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCFI has higher volatility (2.35%) compared to MBSF (0.50%). In terms of maximum drawdown, PCFI dropped -4.01% vs MBSF's -0.97%.
On 1-year performance, MBSF leads with 5.63% vs 0.05% for PCFI. Both ETFs have the same 0.49% expense ratio. On volatility, MBSF has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MBSF has performed better with a 5.63% return vs 0.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PCFI and MBSF have the same expense ratio: 0.49% per year.
PCFI has the higher dividend yield at 9.59%, compared with 4.47% for MBSF.
They also come from different issuers: Polen and Regan.
MBSF currently has the higher Sharpe Ratio (1.86 vs 0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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