DVXF vs. PBEU

Last updated Jun 4, 2026

DVXF (WEBs Financial XLF Defined Volatility ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds - DVXF tracks the Syntax Defined Volatility XLF Index while PBEU tracks the BITA European Banks Index. Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. DVXF charges 0.89%/yr vs 0.13%/yr for PBEU.

Performance

DVXF vs. PBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Financial XLF Defined Volatility ETF (DVXF) 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, DVXF achieves a -14.23% return, which is significantly lower than PBEU's 6.67% return.

DVXF

• 1D: -2.29%
• 1M: -3.22%
• YTD: -14.23%
• 6M: -10.21%
• 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)

DVXF vs. PBEU - Yearly Performance Comparison

	2026 (YTD)	2025
DVXF WEBs Financial XLF Defined Volatility ETF	-14.23%	8.48%
PBEU Portfolio Building Block European Banks Index ETF	6.67%	11.49%

Correlation

The correlation between DVXF 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 26, 2025	0.52

Return for Risk

DVXF vs. PBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Financial XLF Defined Volatility ETF (DVXF) 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

	DVXF	PBEU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	1.45	-1.91

Drawdowns

DVXF vs. PBEU - Drawdown Comparison

The maximum DVXF drawdown since its inception was -26.68%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for DVXF and PBEU.

Drawdown Indicators

	DVXF	PBEU	Difference
Max Drawdown Largest peak-to-trough decline	-26.68%	-17.26%	-9.42%
Current Drawdown Current decline from peak	-18.95%	-2.18%	-16.77%
Average Drawdown Average peak-to-trough decline	-9.32%	-4.23%	-5.09%

Volatility

Volatility by Period

	DVXF	PBEU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.54%	27.88%	-0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.54%	27.88%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.54%	27.88%	-0.34%

DVXF vs. PBEU - Expense Ratio Comparison

DVXF has a 0.89% expense ratio, which is higher than PBEU's 0.13% expense ratio.

Dividends

DVXF vs. PBEU - Dividend Comparison

DVXF 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 DVXF and PBEU in my portfolio?

DVXF 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.

Which ETF is better, DVXF 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, DVXF or PBEU?

PBEU is cheaper with a 0.13% expense ratio, compared with 0.89% for DVXF.

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

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

What is the main difference between DVXF and PBEU?

DVXF tracks Syntax Defined Volatility XLF Index, while PBEU tracks BITA European Banks Index. They also come from different issuers: WEBs and Portfolio Building Block. Their fees differ too: 0.89% for DVXF and 0.13% for PBEU.