PCGG vs. PCEB

Last updated Jul 14, 2026

PCGG (Polen Capital Global Growth ETF) and PCEB (Polen Euro High Yield Bond ETF) are both exchange-traded funds - PCGG is a Global Equities fund actively managed by Polen, while PCEB is a European High Yield Bonds fund actively managed by Polen. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. PCGG charges 0.85%/yr vs 0.55%/yr for PCEB.

Performance

PCGG vs. PCEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Capital Global Growth ETF (PCGG) and Polen Euro High Yield Bond ETF (PCEB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCGG

• 1D: -0.54%
• 1M: 2.17%
• 6M: -8.93%
• YTD: -7.56%
• 1Y: -6.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCEB

• 1D: -0.32%
• 1M: -0.77%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCGG vs. PCEB - Yearly Performance Comparison

	2026 (YTD)
PCGG Polen Capital Global Growth ETF	1.34%
PCEB Polen Euro High Yield Bond ETF	-2.10%

Correlation

The correlation between PCGG and PCEB 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 6, 2026	0.41

Return for Risk

PCGG vs. PCEB — Risk / Return Rank

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

PCGG

PCGG Risk / Return Rank: 6
PCGG Sharpe Ratio Rank: 5
PCGG Sortino Ratio Rank: 5
PCGG Omega Ratio Rank: 5
PCGG Calmar Ratio Rank: 6
PCGG Martin Ratio Rank: 6

PCEB

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

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.

PCGG vs. PCEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Capital Global Growth ETF (PCGG) and Polen Euro High Yield Bond ETF (PCEB). 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.

	PCGG	PCEB	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	—	—
Sortino ratio: Return per unit of downside risk	-0.50	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.31	—	—
Martin ratio: Return relative to average drawdown	-0.69	—	—

Drawdowns

PCGG vs. PCEB - Drawdown Comparison

The maximum PCGG drawdown since its inception was -22.66%, which is greater than PCEB's maximum drawdown of -2.99%. Use the drawdown chart below to compare losses from any high point for PCGG and PCEB.

Drawdown Indicators

	PCGG	PCEB	Difference
Max Drawdown Largest peak-to-trough decline	-22.66%	-2.99%	-19.67%
Max Drawdown (1Y) Largest decline over 1 year	-22.66%	—	—
Current Drawdown Current decline from peak	-12.18%	-2.29%	-9.89%
Average Drawdown Average peak-to-trough decline	-5.24%	-1.51%	-3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.08%	—	—

Volatility

Volatility by Period

	PCGG	PCEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	6.47%	+9.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	6.47%	+10.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	6.47%	+10.26%

PCGG vs. PCEB - Expense Ratio Comparison

PCGG has a 0.85% expense ratio, which is higher than PCEB's 0.55% expense ratio.

Dividends

PCGG vs. PCEB - Dividend Comparison

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

Position	TTM
PCEB Polen Euro High Yield Bond ETF	0.52%
PCGG Polen Capital Global Growth ETF	0.00%

Frequently Asked Questions

Can I hold both PCGG and PCEB in my portfolio?

PCGG and PCEB 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, PCGG or PCEB?

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, PCGG or PCEB?

PCEB is cheaper with a 0.55% expense ratio, compared with 0.85% for PCGG.

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

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

What is the main difference between PCGG and PCEB?

PCGG is categorized as Global Equities, while PCEB is European High Yield Bonds. Their fees differ too: 0.85% for PCGG and 0.55% for PCEB.