Portfolio Building Block European Banks Index ETF (PBEU) Diversifiers

ETF · Currency in USD · Last updated Jul 12, 2026

The Portfolio Building Block European Banks Index ETF (PBEU) seeks to track the BITA European Banks Index. The fund provides exposure to European banks that derive at least half of their revenue from core regulated banking activities.

Looking to diversify beyond PBEU? The ETFs below have the lowest correlation with PBEU — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PBEU.

Best Diversifiers for PBEU

0 ETFs have low correlation with PBEU (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree European Opportunities Fund (OPPE) (Europe Equities) with a 1Y correlation of 0.83, roughly unchanged from 0.83 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
OPPE	WisdomTree European Opportunities Fund	0.83	0.83	0.83	63	Europe Equities	PBEU vs OPPE

Diversification Analysis

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