PCSG vs. PCEB

Last updated Jul 4, 2026

PCSG (Polen 5Perspectives Small-Mid Growth ETF) and PCEB (Polen Euro High Yield Bond ETF) are both exchange-traded funds - PCSG is a Mid 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. At a 0.41 correlation, their price movements are largely independent. PCSG charges 0.60%/yr vs 0.55%/yr for PCEB.

Performance

PCSG vs. PCEB - Performance Comparison

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

Returns By Period

PCSG

• 1D: -3.77%
• 1M: -5.56%
• 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)

PCSG vs. PCEB - Yearly Performance Comparison

	2026 (YTD)
PCSG Polen 5Perspectives Small-Mid Growth ETF	-0.46%
PCEB Polen Euro High Yield Bond ETF	-0.24%

Correlation

The correlation between PCSG and PCEB is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 18, 2026	0.41

Return for Risk

PCSG vs. PCEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen 5Perspectives Small-Mid Growth ETF (PCSG) 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

PCSG vs. PCEB - Drawdown Comparison

The maximum PCSG drawdown since its inception was -9.02%, which is greater than PCEB's maximum drawdown of -2.99%. Use the drawdown chart below to compare losses from any high point for PCSG and PCEB.

Drawdown Indicators

	PCSG	PCEB	Difference
Max Drawdown Largest peak-to-trough decline	-9.02%	-2.99%	-6.03%
Current Drawdown Current decline from peak	-7.24%	-1.89%	-5.35%
Average Drawdown Average peak-to-trough decline	-2.57%	-1.45%	-1.12%

Volatility

Volatility by Period

	PCSG	PCEB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	37.20%	6.78%	+30.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.20%	6.78%	+30.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.20%	6.78%	+30.42%

PCSG vs. PCEB - Expense Ratio Comparison

PCSG has a 0.60% expense ratio, which is higher than PCEB's 0.55% expense ratio.

Dividends

PCSG vs. PCEB - Dividend Comparison

PCSG 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%
PCSG Polen 5Perspectives Small-Mid Growth ETF	0.00%

Frequently Asked Questions

Can I hold both PCSG and PCEB in my portfolio?

PCSG and PCEB have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCSG or PCEB?

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.

Which ETF is cheaper, PCSG or PCEB?

PCEB is cheaper with a 0.55% expense ratio, compared with 0.60% for PCSG.

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

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

What is the main difference between PCSG and PCEB?

PCSG is categorized as Mid Cap Growth Equities, while PCEB is European High Yield Bonds. Their fees differ too: 0.60% for PCSG and 0.55% for PCEB.