PCHI vs. USHY
PCHI (Polen High Income ETF) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. PCHI is actively managed, while USHY is passively managed. Over the past year, PCHI returned 4.61% vs 6.67% for USHY. A 0.50 correlation means they provide meaningful diversification when combined. PCHI charges 0.56%/yr vs 0.15%/yr for USHY.
Performance
PCHI vs. USHY - Performance Comparison
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Returns By Period
In the year-to-date period, PCHI achieves a 1.09% return, which is significantly lower than USHY's 1.78% return.
PCHI
- 1D
- -0.74%
- 1M
- -0.14%
- YTD
- 1.09%
- 6M
- 1.63%
- 1Y
- 4.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USHY
- 1D
- -0.05%
- 1M
- 0.57%
- YTD
- 1.78%
- 6M
- 2.04%
- 1Y
- 6.67%
- 3Y*
- 9.21%
- 5Y*
- 4.21%
- 10Y*
- —
PCHI vs. USHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCHI Polen High Income ETF | 1.09% | 5.19% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 1.78% | 6.65% |
Correlation
The correlation between PCHI and USHY is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025 | 0.50 |
The correlation between PCHI and USHY has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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Return for Risk
PCHI vs. USHY — Risk / Return Rank
PCHI
USHY
PCHI vs. USHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen High Income ETF (PCHI) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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 | USHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.76 | -0.98 |
| Martin ratioReturn relative to average drawdown | 4.62 | 12.34 | -7.72 |
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Drawdowns
PCHI vs. USHY - Drawdown Comparison
The maximum PCHI drawdown since its inception was -2.99%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for PCHI and USHY.
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Drawdown Indicators
| PCHI | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.99% | -22.44% | +19.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -2.43% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.56% | — |
Current DrawdownCurrent decline from peak | -0.97% | -0.11% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -2.65% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.54% | +0.46% |
Volatility
PCHI vs. USHY - Volatility Comparison
Polen High Income ETF (PCHI) has a higher volatility of 1.95% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 0.94%. This indicates that PCHI's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCHI | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 0.94% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 2.97% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 3.68% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 7.35% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 8.23% | -2.87% |
PCHI vs. USHY - Expense Ratio Comparison
PCHI has a 0.56% expense ratio, which is higher than USHY's 0.15% expense ratio.
Dividends
PCHI vs. USHY - Dividend Comparison
PCHI's dividend yield for the trailing twelve months is around 8.01%, more than USHY's 6.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PCHI Polen High Income ETF | 8.01% | 5.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.90% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% |
Frequently Asked Questions
PCHI and USHY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCHI has higher volatility (1.95%) compared to USHY (0.94%). In terms of maximum drawdown, PCHI dropped -2.99% vs USHY's -22.44%.
On 1-year performance, USHY leads with 6.67% vs 4.61% for PCHI. On fees, USHY is cheaper at 0.15% per year. On volatility, USHY has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USHY has performed better with a 6.67% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USHY is cheaper with a 0.15% expense ratio, compared with 0.56% for PCHI.
PCHI has the higher dividend yield at 8.01%, compared with 6.90% for USHY.
They also come from different issuers: Polen Capital and iShares. Their fees differ too: 0.56% for PCHI and 0.15% for USHY.
USHY currently has the higher Sharpe Ratio (1.82 vs 0.94), 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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