BCFN vs. PBEU

Last updated Jun 4, 2026

BCFN (Baron Financials ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds - BCFN tracks the Actively Managed while PBEU tracks the BITA European Banks Index. Both are passively managed. At a 0.39 correlation, their price movements are largely independent. BCFN charges 0.80%/yr vs 0.13%/yr for PBEU.

Performance

BCFN vs. PBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Financials ETF (BCFN) 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, BCFN achieves a -17.02% return, which is significantly lower than PBEU's 6.67% return.

BCFN

• 1D: -2.00%
• 1M: -4.60%
• YTD: -17.02%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBEU

• 1D: -2.01%
• 1M: 5.50%
• YTD: 6.67%
• 6M: 14.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCFN vs. PBEU - Yearly Performance Comparison

	2026 (YTD)	2025
BCFN Baron Financials ETF	-17.02%	0.35%
PBEU Portfolio Building Block European Banks Index ETF	6.67%	3.05%

Correlation

The correlation between BCFN and PBEU is 0.39, 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 Dec 16, 2025	0.39

Return for Risk

BCFN vs. PBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Financials ETF (BCFN) 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.

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

Sharpe Ratios by Period

	BCFN	PBEU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.70	1.45	-3.15

Drawdowns

BCFN vs. PBEU - Drawdown Comparison

The maximum BCFN drawdown since its inception was -20.95%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for BCFN and PBEU.

Drawdown Indicators

	BCFN	PBEU	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-17.26%	-3.69%
Current Drawdown Current decline from peak	-19.09%	-2.18%	-16.91%
Average Drawdown Average peak-to-trough decline	-12.17%	-4.23%	-7.94%

Volatility

Volatility by Period

	BCFN	PBEU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.41%	27.88%	-8.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.41%	27.88%	-8.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	27.88%	-8.47%

BCFN vs. PBEU - Expense Ratio Comparison

BCFN has a 0.80% expense ratio, which is higher than PBEU's 0.13% expense ratio.

Dividends

BCFN vs. PBEU - Dividend Comparison

BCFN has not paid dividends to shareholders, while PBEU's dividend yield for the trailing twelve months is around 0.01%.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCFN and PBEU in my portfolio?

BCFN and PBEU have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCFN or PBEU?

On fees, PBEU is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCFN or PBEU?

PBEU is cheaper with a 0.13% expense ratio, compared with 0.80% for BCFN.

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

PBEU has the higher dividend yield at 0.01%, compared with 0.00% for BCFN.

What is the main difference between BCFN and PBEU?

BCFN tracks Actively Managed, while PBEU tracks BITA European Banks Index. They also come from different issuers: Baron Capital and Portfolio Building Block. Their fees differ too: 0.80% for BCFN and 0.13% for PBEU.