DFE vs. PBEU
DFE (WisdomTree Europe SmallCap Dividend Fund) and PBEU (Portfolio Building Block European Banks Index ETF) are both exchange-traded funds - DFE is a Europe Equities fund tracking the WisdomTree Europe SmallCap Dividend Index, while PBEU is a Financials Equities fund tracking the BITA European Banks Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. DFE charges 0.58%/yr vs 0.13%/yr for PBEU.
Performance
DFE vs. PBEU - Performance Comparison
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Returns By Period
In the year-to-date period, DFE achieves a 2.33% return, which is significantly lower than PBEU's 13.63% return.
DFE
- 1D
- -1.30%
- 1M
- -3.73%
- YTD
- 2.33%
- 6M
- 3.37%
- 1Y
- 10.63%
- 3Y*
- 14.30%
- 5Y*
- 4.37%
- 10Y*
- 7.89%
PBEU
- 1D
- -1.42%
- 1M
- 7.22%
- YTD
- 13.63%
- 6M
- 14.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFE vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFE WisdomTree Europe SmallCap Dividend Fund | 2.33% | 7.97% |
PBEU Portfolio Building Block European Banks Index ETF | 13.63% | 11.42% |
Correlation
The correlation between DFE and PBEU is 0.71, 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 | 0.71 |
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Return for Risk
DFE vs. PBEU — Risk / Return Rank
DFE
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DFE vs. PBEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend Fund (DFE) 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.
| DFE | PBEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | — | — |
| Martin ratioReturn relative to average drawdown | 3.14 | — | — |
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Drawdowns
DFE vs. PBEU - Drawdown Comparison
The maximum DFE drawdown since its inception was -69.38%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for DFE and PBEU.
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Drawdown Indicators
| DFE | PBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -17.26% | -52.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.66% | — | — |
Current DrawdownCurrent decline from peak | -5.74% | -1.42% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -17.69% | -3.94% | -13.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | — | — |
Volatility
DFE vs. PBEU - Volatility Comparison
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Volatility by Period
| DFE | PBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | — | — |
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 | 19.07% | 27.63% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.37% | 27.63% | -8.26% |
DFE vs. PBEU - Expense Ratio Comparison
DFE has a 0.58% expense ratio, which is higher than PBEU's 0.13% expense ratio.
Dividends
DFE vs. PBEU - Dividend Comparison
DFE's dividend yield for the trailing twelve months is around 4.00%, more than PBEU's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFE WisdomTree Europe SmallCap Dividend Fund | 4.00% | 4.38% | 4.93% | 4.97% | 5.84% | 2.56% | 2.43% | 3.39% | 4.97% | 2.53% | 4.05% | 2.78% |
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
DFE and PBEU have a correlation of 0.71, 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 0.58% for DFE.
DFE has the higher dividend yield at 4.00%, compared with 0.01% for PBEU.
DFE is categorized as Europe Equities, while PBEU is Financials Equities. DFE tracks WisdomTree Europe SmallCap Dividend Index, while PBEU tracks BITA European Banks Index. They also come from different issuers: WisdomTree and Portfolio Building Block. Their fees differ too: 0.58% for DFE and 0.13% for PBEU.
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