PCLC vs. PCEB

Last updated Jul 4, 2026

PCLC (Polen 5Perspectives Large Growth ETF) and PCEB (Polen Euro High Yield Bond ETF) are both exchange-traded funds - PCLC is a Large Cap Growth Equities fund actively managed by Polen, while PCEB is a European High Yield Bonds fund actively managed by Polen. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. PCLC charges 0.50%/yr vs 0.55%/yr for PCEB.

Performance

PCLC vs. PCEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen 5Perspectives Large Growth ETF (PCLC) and Polen Euro High Yield Bond ETF (PCEB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCLC

• 1D: -1.83%
• 1M: -4.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCEB

• 1D: 0.50%
• 1M: -0.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCLC vs. PCEB - Yearly Performance Comparison

	2026 (YTD)
PCLC Polen 5Perspectives Large Growth ETF	1.08%
PCEB Polen Euro High Yield Bond ETF	-0.24%

Correlation

The correlation between PCLC and PCEB is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 18, 2026	0.51

Return for Risk

PCLC vs. PCEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen 5Perspectives Large Growth ETF (PCLC) 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.

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

Drawdowns

PCLC vs. PCEB - Drawdown Comparison

The maximum PCLC drawdown since its inception was -9.52%, which is greater than PCEB's maximum drawdown of -2.99%. Use the drawdown chart below to compare losses from any high point for PCLC and PCEB.

Drawdown Indicators

	PCLC	PCEB	Difference
Max Drawdown Largest peak-to-trough decline	-9.52%	-2.99%	-6.53%
Current Drawdown Current decline from peak	-5.56%	-1.89%	-3.67%
Average Drawdown Average peak-to-trough decline	-3.13%	-1.45%	-1.68%

Volatility

Volatility by Period

	PCLC	PCEB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.27%	6.78%	+25.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.27%	6.78%	+25.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.27%	6.78%	+25.49%

PCLC vs. PCEB - Expense Ratio Comparison

PCLC has a 0.50% expense ratio, which is lower than PCEB's 0.55% expense ratio.

Dividends

PCLC vs. PCEB - Dividend Comparison

PCLC 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%
PCLC Polen 5Perspectives Large Growth ETF	0.00%

Frequently Asked Questions

Can I hold both PCLC and PCEB in my portfolio?

PCLC and PCEB have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCLC or PCEB?

On fees, PCLC is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCLC or PCEB?

PCLC is cheaper with a 0.50% expense ratio, compared with 0.55% for PCEB.

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

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

What is the main difference between PCLC and PCEB?

PCLC is categorized as Large Cap Growth Equities, while PCEB is European High Yield Bonds. Their fees differ too: 0.50% for PCLC and 0.55% for PCEB.