EUFN vs. PBEU
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. Their 0.96 correlation means they have historically moved very closely together. EUFN charges 0.49%/yr vs 0.13%/yr for PBEU.
Performance
EUFN vs. PBEU - Performance Comparison
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Returns By Period
In the year-to-date period, EUFN achieves a 15.76% return, which is significantly lower than PBEU's 21.81% return.
EUFN
- 1D
- -0.05%
- 1M
- 4.57%
- 6M
- 12.34%
- YTD
- 15.76%
- 1Y
- 37.30%
- 3Y*
- 34.07%
- 5Y*
- 21.90%
- 10Y*
- 14.87%
- ALL TIME*
- 7.77%
PBEU
- 1D
- -0.11%
- 1M
- 5.63%
- 6M
- 13.95%
- YTD
- 21.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $57.65M | $60.11M | $50.38M | |
| $1.85M | $6.79M | $5.48M |
EUFN vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EUFN iShares MSCI Europe Financials ETF | 15.76% | 12.17% |
PBEU Portfolio Building Block European Banks Index ETF | 21.81% | 11.42% |
Correlation
The correlation between EUFN and PBEU is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.96 |
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Return for Risk
EUFN vs. PBEU — Risk / Return Rank
EUFN
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | — | — |
| Martin ratioReturn relative to average drawdown | 8.55 | — | — |
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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.
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Drawdown Indicators
| EUFN | PBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.05% | -0.11% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -14.42% | -3.54% | -10.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | — | — |
Volatility
EUFN vs. PBEU - Volatility Comparison
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Volatility by Period
| EUFN | PBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 27.34% | -6.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.81% | 27.34% | -5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 27.34% | -3.63% |
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 3.96%, 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 | 3.96% | 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
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.
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 0.49% for EUFN.
EUFN has the higher dividend yield at 3.96%, compared with 0.01% for 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.
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