PCCE vs SPY
Polen Capital China Growth ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | PCCE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $2M | $789.1B | |
| Dividend Yield | 2.41% | 1.01% | |
| Holdings | 40 | 505 | |
| YTD Return | -4.54% | +13.79% | |
| 1Y Return | +0.51% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 20.2% | 15.3% | |
| Max Drawdown | -26.4% | -56.5% | |
| Fund Family | iMGP Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 14, 2024 | Jan 22, 1993 |
PCCE vs SPY Performance
Polen Capital China Growth ETF (PCCE) is a ETF from iMGP Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PCCE returned +0.51% while SPY returned +23.66%. Year to date, PCCE is down 4.54% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
PCCE has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.4% for PCCE and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PCCE charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, PCCE currently yields 2.41% against 1.01% for SPY.
Holdings Overlap
PCCE and SPY share 0 holdings out of 538 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PCCE or SPY?
PCCE has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, PCCE or SPY?
Over the past year PCCE returned +0.51% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), PCCE annualized +13.32% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, PCCE or SPY?
PCCE has been the more volatile fund at 20.2% annualized versus 15.3% for SPY. Worst drawdown: PCCE -26.4% vs SPY -56.5%.
Should I hold both PCCE and SPY?
PCCE and SPY have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PCCE and SPY?
PCCE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 538 unique securities.
Which pays a higher dividend, PCCE or SPY?
PCCE yields 2.41% while SPY yields 1.01%, so PCCE currently pays the higher dividend yield.
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