PCFI vs. SLNZ
PCFI (Polen Floating Rate Income ETF) and SLNZ (TCW Senior Loan ETF) are both Bank Loan funds. Both are actively managed. Over the past year, PCFI returned 0.05% vs 3.83% for SLNZ. At a 0.11 correlation, their price movements are largely independent. PCFI charges 0.49%/yr vs 0.65%/yr for SLNZ.
Performance
PCFI vs. SLNZ - 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 SLNZ's 1.96% return.
PCFI
- 1D
- 0.07%
- 1M
- 1.43%
- 6M
- 0.97%
- YTD
- 0.97%
- 1Y
- 0.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLNZ
- 1D
- 0.09%
- 1M
- 0.37%
- 6M
- 1.89%
- YTD
- 1.96%
- 1Y
- 3.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCFI vs. SLNZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCFI Polen Floating Rate Income ETF | 0.97% | 1.62% |
SLNZ TCW Senior Loan ETF | 1.96% | 3.64% |
Correlation
The correlation between PCFI and SLNZ is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025 | 0.11 |
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Return for Risk
PCFI vs. SLNZ — Risk / Return Rank
PCFI
SLNZ
PCFI vs. SLNZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen Floating Rate Income ETF (PCFI) and TCW Senior Loan ETF (SLNZ). 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 | SLNZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.17 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 1.51 | -1.44 |
| Martin ratioReturn relative to average drawdown | 0.13 | 4.71 | -4.59 |
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Drawdowns
PCFI vs. SLNZ - Drawdown Comparison
The maximum PCFI drawdown since its inception was -4.01%, which is greater than SLNZ's maximum drawdown of -2.57%. Use the drawdown chart below to compare losses from any high point for PCFI and SLNZ.
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Drawdown Indicators
| PCFI | SLNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.01% | -2.57% | -1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -2.57% | -1.44% |
Current DrawdownCurrent decline from peak | -1.53% | 0.00% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -0.43% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.82% | +1.43% |
Volatility
PCFI vs. SLNZ - Volatility Comparison
Polen Floating Rate Income ETF (PCFI) has a higher volatility of 2.35% compared to TCW Senior Loan ETF (SLNZ) at 0.83%. This indicates that PCFI's price experiences larger fluctuations and is considered to be riskier than SLNZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCFI | SLNZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 0.83% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 3.65% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 4.41% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 4.22% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 4.22% | +2.95% |
PCFI vs. SLNZ - Expense Ratio Comparison
PCFI has a 0.49% expense ratio, which is lower than SLNZ's 0.65% expense ratio.
Dividends
PCFI vs. SLNZ - Dividend Comparison
PCFI's dividend yield for the trailing twelve months is around 9.59%, more than SLNZ's 7.51% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PCFI Polen Floating Rate Income ETF | 9.59% | 7.83% | 0.00% |
SLNZ TCW Senior Loan ETF | 7.51% | 7.39% | 1.39% |
Frequently Asked Questions
PCFI and SLNZ have a correlation of 0.14, 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 SLNZ (0.83%). In terms of maximum drawdown, PCFI dropped -4.01% vs SLNZ's -2.57%.
On 1-year performance, SLNZ leads with 3.83% vs 0.05% for PCFI. On fees, PCFI is cheaper at 0.49% per year. On volatility, SLNZ has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SLNZ has performed better with a 3.83% return vs 0.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PCFI is cheaper with a 0.49% expense ratio, compared with 0.65% for SLNZ.
PCFI has the higher dividend yield at 9.59%, compared with 7.51% for SLNZ.
They also come from different issuers: Polen and TCW. Their fees differ too: 0.49% for PCFI and 0.65% for SLNZ.
SLNZ currently has the higher Sharpe Ratio (0.88 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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