PCHI vs. IEO
PCHI (Polen High Income ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both exchange-traded funds - PCHI is a High Yield Bonds fund actively managed by Polen Capital, while IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. PCHI is actively managed, while IEO is passively managed. Over the past year, PCHI returned 3.91% vs 37.43% for IEO. At a correlation of -0.10, they often move in opposite directions. PCHI charges 0.56%/yr vs 0.42%/yr for IEO.
Performance
PCHI vs. IEO - Performance Comparison
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Returns By Period
In the year-to-date period, PCHI achieves a 1.23% return, which is significantly lower than IEO's 37.37% return.
PCHI
- 1D
- 0.00%
- 1M
- -0.22%
- 6M
- 0.42%
- YTD
- 1.23%
- 1Y
- 3.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEO
- 1D
- 2.04%
- 1M
- 11.20%
- 6M
- 33.22%
- YTD
- 37.37%
- 1Y
- 37.43%
- 3Y*
- 14.04%
- 5Y*
- 22.87%
- 10Y*
- 10.71%
PCHI vs. IEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCHI Polen High Income ETF | 1.23% | 5.19% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 37.37% | -3.68% |
Correlation
The correlation between PCHI and IEO is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025 | -0.10 |
The correlation between PCHI and IEO shifts across timeframes, from -0.22 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PCHI vs. IEO — Risk / Return Rank
PCHI
IEO
PCHI vs. IEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen High Income ETF (PCHI) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.
| PCHI | IEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.30 | -1.69 |
| Martin ratioReturn relative to average drawdown | 3.50 | 5.71 | -2.20 |
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Drawdowns
PCHI vs. IEO - Drawdown Comparison
The maximum PCHI drawdown since its inception was -6.41%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for PCHI and IEO.
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Drawdown Indicators
| PCHI | IEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.41% | -79.17% | +72.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -16.32% | +9.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.00% | — |
Current DrawdownCurrent decline from peak | -2.21% | -5.39% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -26.18% | +25.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 6.58% | -5.46% |
Volatility
PCHI vs. IEO - Volatility Comparison
Polen High Income ETF (PCHI) has a higher volatility of 9.31% compared to iShares U.S. Oil & Gas Exploration & Production ETF (IEO) at 6.71%. This indicates that PCHI's price experiences larger fluctuations and is considered to be riskier than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCHI | IEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.31% | 6.71% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 20.20% | -10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.10% | 25.70% | -15.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.48% | 30.36% | -20.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.48% | 34.92% | -25.44% |
PCHI vs. IEO - Expense Ratio Comparison
PCHI has a 0.56% expense ratio, which is higher than IEO's 0.42% expense ratio.
Dividends
PCHI vs. IEO - Dividend Comparison
PCHI's dividend yield for the trailing twelve months is around 8.03%, more than IEO's 1.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 1.92% | 2.61% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% |
PCHI Polen High Income ETF | 8.03% | 5.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCHI and IEO have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCHI has higher volatility (9.31%) compared to IEO (6.71%). In terms of maximum drawdown, PCHI dropped -6.41% vs IEO's -79.17%.
On 1-year performance, IEO leads with 37.43% vs 3.91% for PCHI. On fees, IEO is cheaper at 0.42% per year. On volatility, IEO has been the lower-risk option at 6.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEO has performed better with a 37.43% return vs 3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEO is cheaper with a 0.42% expense ratio, compared with 0.56% for PCHI.
PCHI has the higher dividend yield at 8.03%, compared with 1.92% for IEO.
PCHI is categorized as High Yield Bonds, while IEO is Energy Equities. They also come from different issuers: Polen Capital and iShares. Their fees differ too: 0.56% for PCHI and 0.42% for IEO.
IEO currently has the higher Sharpe Ratio (1.46 vs 0.39), 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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