PCHI vs. PCEB
PCHI (Polen High Income ETF) and PCEB (Polen Euro High Yield Bond ETF) are both exchange-traded funds - PCHI is a High Yield Bonds fund actively managed by Polen, while PCEB is a European High Yield Bonds fund actively managed by Polen. Both are actively managed. Their 0.22 correlation means their historical movements had little consistent relationship. PCHI charges 0.56%/yr vs 0.55%/yr for PCEB.
Performance
PCHI vs. PCEB - Performance Comparison
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Returns By Period
PCHI
- 1D
- 0.12%
- 1M
- -0.70%
- 6M
- -0.16%
- YTD
- 0.68%
- 1Y
- 3.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.34%
PCEB
- 1D
- 0.31%
- 1M
- 0.05%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $460.60K | $339.39K | $510.17K | |
| $47.45K | $156.37K | $145.02K |
PCHI vs. PCEB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PCHI Polen High Income ETF | -0.26% |
PCEB Polen Euro High Yield Bond ETF | -1.65% |
Correlation
The correlation between PCHI and PCEB is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 6, 2026 | 0.22 |
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Return for Risk
PCHI vs. PCEB — Risk / Return Rank
PCHI
PCEB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PCHI vs. PCEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen High Income ETF (PCHI) 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.
| PCHI | PCEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | — | — |
| Martin ratioReturn relative to average drawdown | 2.54 | — | — |
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Drawdowns
PCHI vs. PCEB - Drawdown Comparison
The maximum PCHI drawdown since its inception was -6.41%, which is greater than PCEB's maximum drawdown of -3.27%. Use the drawdown chart below to compare losses from any high point for PCHI and PCEB.
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Drawdown Indicators
| PCHI | PCEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.41% | -3.27% | -3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | — | — |
Current DrawdownCurrent decline from peak | -2.74% | -1.84% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -1.75% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | — | — |
Volatility
PCHI vs. PCEB - Volatility Comparison
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Volatility by Period
| PCHI | PCEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.10% | 6.21% | +3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.39% | 6.21% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.39% | 6.21% | +3.18% |
PCHI vs. PCEB - Expense Ratio Comparison
PCHI has a 0.56% expense ratio, which is higher than PCEB's 0.55% expense ratio.
Dividends
PCHI vs. PCEB - Dividend Comparison
PCHI's dividend yield for the trailing twelve months is around 7.95%, more than PCEB's 0.85% yield.
| Position | TTM | 2025 |
|---|---|---|
PCEB Polen Euro High Yield Bond ETF | 0.85% | 0.00% |
PCHI Polen High Income ETF | 7.95% | 5.62% |
Frequently Asked Questions
PCHI and PCEB 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.
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.
PCEB is cheaper with a 0.55% expense ratio, compared with 0.56% for PCHI.
PCHI has the higher dividend yield at 7.95%, compared with 0.85% for PCEB.
PCHI is categorized as High Yield Bonds, while PCEB is European High Yield Bonds. Their fees differ too: 0.56% for PCHI and 0.55% for PCEB.
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