BBEU vs. PBEU

Last updated Jun 24, 2026

BBEU (JPMorgan BetaBuilders Europe ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both exchange-traded funds - BBEU is a Europe Equities fund tracking the Morningstar Developed Europe Target Market Exposure Index, while PBEU is a Financials Equities fund tracking the BITA European Banks Index. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. BBEU charges 0.09%/yr vs 0.13%/yr for PBEU.

Performance

BBEU vs. PBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders Europe ETF (BBEU) and Portfolio Building Block European Banks Index ETF (PBEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBEU achieves a 4.42% return, which is significantly lower than PBEU's 13.63% return.

BBEU

• 1D: -2.92%
• 1M: -1.66%
• YTD: 4.42%
• 6M: 4.50%
• 1Y: 17.64%
• 3Y*: 16.24%
• 5Y*: 8.71%
• 10Y*: —

PBEU

• 1D: -1.42%
• 1M: 7.22%
• YTD: 13.63%
• 6M: 14.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBEU vs. PBEU - Yearly Performance Comparison

	2026 (YTD)	2025
BBEU JPMorgan BetaBuilders Europe ETF	4.42%	6.84%
PBEU Portfolio Building Block European Banks Index ETF	13.63%	11.42%

Correlation

The correlation between BBEU and PBEU is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.85

Return for Risk

BBEU vs. PBEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBEU

BBEU Risk / Return Rank: 32
BBEU Sharpe Ratio Rank: 32
BBEU Sortino Ratio Rank: 32
BBEU Omega Ratio Rank: 31
BBEU Calmar Ratio Rank: 31
BBEU Martin Ratio Rank: 37

PBEU

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBEU vs. PBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and Portfolio Building Block European Banks Index ETF (PBEU). 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.

	BBEU	PBEU	Difference
Sharpe ratio: Return per unit of total volatility	1.10	—	—
Sortino ratio: Return per unit of downside risk	1.62	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.45	—	—
Martin ratio: Return relative to average drawdown	5.36	—	—

Drawdowns

BBEU vs. PBEU - Drawdown Comparison

The maximum BBEU drawdown since its inception was -36.27%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for BBEU and PBEU.

Drawdown Indicators

	BBEU	PBEU	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-17.26%	-19.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	—	—
Current Drawdown Current decline from peak	-3.68%	-1.42%	-2.26%
Average Drawdown Average peak-to-trough decline	-6.11%	-3.94%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	—	—

Volatility

Volatility by Period

	BBEU	PBEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	27.63%	-11.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.60%	27.63%	-10.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.34%	27.63%	-8.29%

BBEU vs. PBEU - Expense Ratio Comparison

BBEU has a 0.09% expense ratio, which is lower than PBEU's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBEU vs. PBEU - Dividend Comparison

BBEU's dividend yield for the trailing twelve months is around 2.85%, more than PBEU's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBEU JPMorgan BetaBuilders Europe ETF	2.85%	2.83%	4.16%	2.94%	4.72%	2.63%	2.29%	3.24%	0.49%
PBEU Portfolio Building Block European Banks Index ETF	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBEU and PBEU in my portfolio?

BBEU and PBEU have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBEU or PBEU?

On fees, BBEU is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBEU or PBEU?

BBEU is cheaper with a 0.09% expense ratio, compared with 0.13% for PBEU.

Which ETF pays a higher dividend yield, BBEU or PBEU?

BBEU has the higher dividend yield at 2.85%, compared with 0.01% for PBEU.

What is the main difference between BBEU and PBEU?

BBEU is categorized as Europe Equities, while PBEU is Financials Equities. BBEU tracks Morningstar Developed Europe Target Market Exposure Index, while PBEU tracks BITA European Banks Index. They also come from different issuers: JPMorgan and Portfolio Building Block. Their fees differ too: 0.09% for BBEU and 0.13% for PBEU.