DBEZ vs. PBEU
DBEZ (Xtrackers MSCI Eurozone Hedged Equity ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both exchange-traded funds - DBEZ is a Europe Equities fund tracking the MSCI EMU IMI 100% Hedged to USD Net Variant, while PBEU is a Financials Equities fund tracking the BITA European Banks Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. DBEZ charges 0.47%/yr vs 0.13%/yr for PBEU.
Performance
DBEZ vs. PBEU - Performance Comparison
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Returns By Period
In the year-to-date period, DBEZ achieves a 12.37% return, which is significantly lower than PBEU's 13.63% return.
DBEZ
- 1D
- -1.34%
- 1M
- 3.40%
- YTD
- 12.37%
- 6M
- 13.09%
- 1Y
- 25.09%
- 3Y*
- 18.47%
- 5Y*
- 12.19%
- 10Y*
- 12.90%
PBEU
- 1D
- -1.42%
- 1M
- 7.22%
- YTD
- 13.63%
- 6M
- 14.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBEZ vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF | 12.37% | 4.78% |
PBEU Portfolio Building Block European Banks Index ETF | 13.63% | 11.42% |
Correlation
The correlation between DBEZ and PBEU is 0.82, 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 | 0.82 |
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Return for Risk
DBEZ vs. PBEU — Risk / Return Rank
DBEZ
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DBEZ vs. PBEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) 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.
| DBEZ | PBEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | — | — |
| Martin ratioReturn relative to average drawdown | 9.04 | — | — |
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Drawdowns
DBEZ vs. PBEU - Drawdown Comparison
The maximum DBEZ drawdown since its inception was -38.76%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for DBEZ and PBEU.
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Drawdown Indicators
| DBEZ | PBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.76% | -17.26% | -21.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.76% | — | — |
Current DrawdownCurrent decline from peak | -1.64% | -1.42% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -3.94% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | — | — |
Volatility
DBEZ vs. PBEU - Volatility Comparison
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Volatility by Period
| DBEZ | PBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 27.63% | -12.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.53% | 27.63% | -11.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 27.63% | -9.49% |
DBEZ vs. PBEU - Expense Ratio Comparison
DBEZ has a 0.47% expense ratio, which is higher than PBEU's 0.13% expense ratio.
Dividends
DBEZ vs. PBEU - Dividend Comparison
DBEZ's dividend yield for the trailing twelve months is around 1.28%, more than PBEU's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF | 1.28% | 4.20% | 0.62% | 1.84% | 1.68% | 1.64% | 1.99% | 2.86% | 2.56% | 2.11% | 3.42% | 4.92% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBEZ and PBEU have a correlation of 0.82, 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 0.47% for DBEZ.
DBEZ has the higher dividend yield at 1.28%, compared with 0.01% for PBEU.
DBEZ is categorized as Europe Equities, while PBEU is Financials Equities. DBEZ tracks MSCI EMU IMI 100% Hedged to USD Net Variant, while PBEU tracks BITA European Banks Index. They also come from different issuers: Deutsche Bank and Portfolio Building Block. Their fees differ too: 0.47% for DBEZ and 0.13% for PBEU.
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