PCHI vs. PCFI

Last updated Aug 2, 2026

PCHI (Polen High Income ETF) and PCFI (Polen Floating Rate Income ETF) are both exchange-traded funds - PCHI is a High Yield Bonds fund actively managed by Polen, while PCFI is a Bank Loan fund actively managed by Polen. Both are actively managed. Over the past year, PCHI returned 3.16% vs -0.27% for PCFI. Their 0.25 correlation means their historical movements had little consistent relationship. PCHI charges 0.56%/yr vs 0.49%/yr for PCFI.

Performance

PCHI vs. PCFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen High Income ETF (PCHI) and Polen Floating Rate Income ETF (PCFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCHI achieves a 0.68% return, which is significantly lower than PCFI's 0.94% return.

PCHI

• 1D: 0.12%
• 1M: -0.70%
• 6M: -0.16%
• YTD: 0.68%
• 1Y: 3.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.34%

PCFI

• 1D: 0.04%
• 1M: -0.03%
• 6M: 0.13%
• YTD: 0.94%
• 1Y: -0.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PCFI Polen Floating Rate Income ETF	$51.98K	$26.04K	$64.11K
PCHI Polen High Income ETF	$47.45K	$156.37K	$145.02K

PCHI vs. PCFI - Yearly Performance Comparison

	2026 (YTD)	2025
PCHI Polen High Income ETF	0.68%	5.19%
PCFI Polen Floating Rate Income ETF	0.94%	1.62%

Correlation

The correlation between PCHI and PCFI is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	0.25

Return for Risk

PCHI vs. PCFI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PCHI

PCHI Risk / Return Rank: 21
PCHI Sharpe Ratio Rank: 18
PCHI Sortino Ratio Rank: 17
PCHI Omega Ratio Rank: 24
PCHI Calmar Ratio Rank: 20
PCHI Martin Ratio Rank: 29

PCFI

PCFI Risk / Return Rank: 10
PCFI Sharpe Ratio Rank: 10
PCFI Sortino Ratio Rank: 9
PCFI Omega Ratio Rank: 9
PCFI Calmar Ratio Rank: 10
PCFI Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PCHI vs. PCFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen High Income ETF (PCHI) and Polen Floating Rate Income ETF (PCFI). 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	PCFI	Difference
Sharpe ratio: Return per unit of total volatility	0.31	-0.05	+0.36
Sortino ratio: Return per unit of downside risk	0.51	-0.03	+0.54
Omega ratio: Gain probability vs. loss probability	1.11	1.00	+0.11
Calmar ratio: Return relative to maximum drawdown	0.48	-0.07	+0.56
Martin ratio: Return relative to average drawdown	2.54	-0.13	+2.67

PCHI vs. PCFI - Sharpe Ratio Comparison

The current PCHI Sharpe Ratio is 0.31, which is higher than the PCFI Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of PCHI and PCFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PCHI vs. PCFI - Drawdown Comparison

The maximum PCHI drawdown since its inception was -6.41%, which is greater than PCFI's maximum drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for PCHI and PCFI.

Drawdown Indicators

	PCHI	PCFI	Difference
Max Drawdown Largest peak-to-trough decline	-6.41%	-4.01%	-2.40%
Max Drawdown (1Y) Largest decline over 1 year	-6.41%	-4.00%	-2.41%
Current Drawdown Current decline from peak	-2.74%	-1.56%	-1.18%
Average Drawdown Average peak-to-trough decline	-0.89%	-1.76%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	2.26%	-1.04%

Volatility

PCHI vs. PCFI - Volatility Comparison

Polen High Income ETF (PCHI) has a higher volatility of 3.96% compared to Polen Floating Rate Income ETF (PCFI) at 0.67%. This indicates that PCHI's price experiences larger fluctuations and is considered to be riskier than PCFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCHI	PCFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	0.67%	+3.29%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	4.21%	+5.54%
Volatility (1Y) Calculated over the trailing 1-year period	10.10%	5.72%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.39%	6.98%	+2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.39%	6.98%	+2.41%

PCHI vs. PCFI - Expense Ratio Comparison

PCHI has a 0.56% expense ratio, which is higher than PCFI's 0.49% expense ratio.

Dividends

PCHI vs. PCFI - Dividend Comparison

PCHI's dividend yield for the trailing twelve months is around 7.95%, less than PCFI's 9.69% yield.

Position	TTM	2025
PCFI Polen Floating Rate Income ETF	9.69%	7.83%
PCHI Polen High Income ETF	7.95%	5.62%

Frequently Asked Questions

Can I hold both PCHI and PCFI in my portfolio?

PCHI and PCFI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCHI or PCFI?

PCHI has higher volatility (3.96%) compared to PCFI (0.67%). In terms of maximum drawdown, PCHI dropped -6.41% vs PCFI's -4.01%.

Which ETF is better, PCHI or PCFI?

On 1-year performance, PCHI leads with 3.16% vs -0.27% for PCFI. On fees, PCFI is cheaper at 0.49% per year. On volatility, PCFI has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PCHI or PCFI?

Over the 1-year period, PCHI has performed better with a 3.16% return vs -0.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PCHI or PCFI?

PCFI is cheaper with a 0.49% expense ratio, compared with 0.56% for PCHI.

Which ETF pays a higher dividend yield, PCHI or PCFI?

PCFI has the higher dividend yield at 9.69%, compared with 7.95% for PCHI.

What is the main difference between PCHI and PCFI?

PCHI is categorized as High Yield Bonds, while PCFI is Bank Loan. Their fees differ too: 0.56% for PCHI and 0.49% for PCFI.

Which has better risk-adjusted returns?

PCHI currently has the higher Sharpe Ratio (0.31 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.