PCEB vs SPY

PCEB vs SPY
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Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricPCEBSPYWinner
Expense Ratio0.55%0.09%
AUM$22M$821.1B
Dividend Yield0.85%1.01%
Holdings0505
YTD Return+0.14%+13.17%
1Y Return-+21.53%
3Y Return (annualized)-+22.06%
5Y Return (annualized)-+13.35%
Volatility (annualized)-15.3%
Max Drawdown-3.3%-56.5%
Fund FamilyPolen CapitalState Street Investment Management
CategoryFixed IncomeEquity
InceptionMay 5, 2026Jan 22, 1993

PCEB vs SPY Performance

Polen Euro High Yield Bond ETF (PCEB) is a ETF from Polen Capital and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, PCEB is up 0.14% versus a gain of 13.17% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -3.3% for PCEB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

PCEB charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, PCEB currently yields 0.85% against 1.01% for SPY.

Frequently Asked Questions

Which is cheaper, PCEB or SPY?

PCEB has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $46 per year of difference.

Which pays a higher dividend, PCEB or SPY?

PCEB yields 0.85% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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