BPAY vs. PBEU
BPAY (BlackRock Future Financial and Technology ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds. BPAY is actively managed, while PBEU is passively managed. A 0.52 correlation means they provide meaningful diversification when combined. BPAY charges 0.70%/yr vs 0.13%/yr for PBEU.
Performance
BPAY vs. PBEU - Performance Comparison
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Returns By Period
In the year-to-date period, BPAY achieves a -10.19% return, which is significantly lower than PBEU's 13.63% return.
BPAY
- 1D
- -1.19%
- 1M
- 0.93%
- YTD
- -10.19%
- 6M
- -12.22%
- 1Y
- -17.49%
- 3Y*
- 9.14%
- 5Y*
- —
- 10Y*
- —
PBEU
- 1D
- -1.42%
- 1M
- 7.22%
- YTD
- 13.63%
- 6M
- 14.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BPAY vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | -10.19% | 3.66% |
PBEU Portfolio Building Block European Banks Index ETF | 13.63% | 11.42% |
Correlation
The correlation between BPAY and PBEU is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.52 |
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Return for Risk
BPAY vs. PBEU — Risk / Return Rank
BPAY
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BPAY vs. PBEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) 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.
| BPAY | PBEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | — | — |
| Martin ratioReturn relative to average drawdown | -0.98 | — | — |
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Drawdowns
BPAY vs. PBEU - Drawdown Comparison
The maximum BPAY drawdown since its inception was -33.62%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for BPAY and PBEU.
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Drawdown Indicators
| BPAY | PBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -17.26% | -16.36% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | — | — |
Current DrawdownCurrent decline from peak | -24.12% | -1.42% | -22.70% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -3.94% | -6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.90% | — | — |
Volatility
BPAY vs. PBEU - Volatility Comparison
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Volatility by Period
| BPAY | PBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.97% | 27.63% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 27.63% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 27.63% | -3.15% |
BPAY vs. PBEU - Expense Ratio Comparison
BPAY has a 0.70% expense ratio, which is higher than PBEU's 0.13% expense ratio.
Dividends
BPAY vs. PBEU - Dividend Comparison
BPAY's dividend yield for the trailing twelve months is around 7.55%, more than PBEU's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 7.55% | 6.49% | 0.48% | 1.18% | 0.18% |
PBEU Portfolio Building Block European Banks Index ETF | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BPAY and PBEU have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PBEU is cheaper with a 0.13% expense ratio, compared with 0.70% for BPAY.
BPAY has the higher dividend yield at 7.55%, compared with 0.01% for PBEU.
They also come from different issuers: BlackRock and Portfolio Building Block. Their fees differ too: 0.70% for BPAY and 0.13% for PBEU.
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