EUFN vs. PBEU

Last updated Jun 24, 2026

EUFN (iShares MSCI Europe Financials ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds - EUFN tracks the MSCI Europe Financials Index (Net) while PBEU tracks the BITA European Banks Index. Both are passively managed. With a 0.96 correlation, they move nearly in lockstep. EUFN charges 0.49%/yr vs 0.13%/yr for PBEU.

Performance

EUFN vs. PBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe Financials ETF (EUFN) 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, EUFN achieves a 7.49% return, which is significantly lower than PBEU's 13.63% return.

EUFN

• 1D: -1.02%
• 1M: 4.47%
• YTD: 7.49%
• 6M: 7.23%
• 1Y: 32.41%
• 3Y*: 33.90%
• 5Y*: 19.66%
• 10Y*: 14.20%

PBEU

• 1D: -1.42%
• 1M: 7.22%
• YTD: 13.63%
• 6M: 14.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EUFN vs. PBEU - Yearly Performance Comparison

	2026 (YTD)	2025
EUFN iShares MSCI Europe Financials ETF	7.49%	12.17%
PBEU Portfolio Building Block European Banks Index ETF	13.63%	11.42%

Correlation

The correlation between EUFN and PBEU is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.96

Return for Risk

EUFN vs. PBEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUFN

EUFN Risk / Return Rank: 47
EUFN Sharpe Ratio Rank: 49
EUFN Sortino Ratio Rank: 49
EUFN Omega Ratio Rank: 45
EUFN Calmar Ratio Rank: 46
EUFN Martin Ratio Rank: 48

PBEU

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUFN vs. PBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) 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.

	EUFN	PBEU	Difference
Sharpe ratio: Return per unit of total volatility	1.63	—	—
Sortino ratio: Return per unit of downside risk	2.33	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.20	—	—
Martin ratio: Return relative to average drawdown	7.71	—	—

Drawdowns

EUFN vs. PBEU - Drawdown Comparison

The maximum EUFN drawdown since its inception was -53.25%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for EUFN and PBEU.

Drawdown Indicators

	EUFN	PBEU	Difference
Max Drawdown Largest peak-to-trough decline	-53.25%	-17.26%	-35.99%
Max Drawdown (1Y) Largest decline over 1 year	-14.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.25%	—	—
Current Drawdown Current decline from peak	-1.02%	-1.42%	+0.40%
Average Drawdown Average peak-to-trough decline	-14.51%	-3.94%	-10.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	—	—

Volatility

Volatility by Period

	EUFN	PBEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.01%	27.63%	-7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.86%	27.63%	-5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.88%	27.63%	-3.75%

EUFN vs. PBEU - Expense Ratio Comparison

EUFN has a 0.49% expense ratio, which is higher than PBEU's 0.13% expense ratio.

Dividends

EUFN vs. PBEU - Dividend Comparison

EUFN's dividend yield for the trailing twelve months is around 4.27%, more than PBEU's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUFN iShares MSCI Europe Financials ETF	4.27%	3.57%	5.36%	5.00%	4.24%	4.15%	1.38%	4.55%	6.48%	3.04%	4.03%	3.65%
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

Can I hold both EUFN and PBEU in my portfolio?

With a correlation of 0.96, EUFN and PBEU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EUFN 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, EUFN or PBEU?

PBEU is cheaper with a 0.13% expense ratio, compared with 0.49% for EUFN.

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

EUFN has the higher dividend yield at 4.27%, compared with 0.01% for PBEU.

What is the main difference between EUFN and PBEU?

EUFN tracks MSCI Europe Financials Index (Net), while PBEU tracks BITA European Banks Index. They also come from different issuers: iShares and Portfolio Building Block. Their fees differ too: 0.49% for EUFN and 0.13% for PBEU.