GABF vs. PBEU

Last updated Jun 5, 2026

GABF (Gabelli Financial Services Opportunities ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds. GABF is actively managed, while PBEU is passively managed. A 0.56 correlation means they provide meaningful diversification when combined. GABF charges 0.10%/yr vs 0.13%/yr for PBEU.

Performance

GABF vs. PBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Financial Services Opportunities ETF (GABF) 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, GABF achieves a -4.77% return, which is significantly lower than PBEU's 6.67% return.

GABF

• 1D: 2.43%
• 1M: -0.68%
• YTD: -4.77%
• 6M: -4.12%
• 1Y: -1.19%
• 3Y*: 21.78%
• 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)

GABF vs. PBEU - Yearly Performance Comparison

	2026 (YTD)	2025
GABF Gabelli Financial Services Opportunities ETF	-4.77%	3.46%
PBEU Portfolio Building Block European Banks Index ETF	6.67%	11.49%

Correlation

The correlation between GABF and PBEU is 0.56, 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	0.56

Return for Risk

GABF vs. PBEU — Risk / Return Rank

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

GABF

GABF Risk / Return Rank: 8
GABF Sharpe Ratio Rank: 8
GABF Sortino Ratio Rank: 8
GABF Omega Ratio Rank: 8
GABF Calmar Ratio Rank: 9
GABF Martin Ratio Rank: 8

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.

GABF vs. PBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Financial Services Opportunities ETF (GABF) 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.

	GABF	PBEU	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	—	—
Sortino ratio: Return per unit of downside risk	0.03	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.07	—	—
Martin ratio: Return relative to average drawdown	-0.16	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GABF	PBEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.45	-0.55

Drawdowns

GABF vs. PBEU - Drawdown Comparison

The maximum GABF drawdown since its inception was -20.86%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for GABF and PBEU.

Drawdown Indicators

	GABF	PBEU	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-17.26%	-3.60%
Max Drawdown (1Y) Largest decline over 1 year	-17.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	—	—
Current Drawdown Current decline from peak	-9.45%	-2.18%	-7.27%
Average Drawdown Average peak-to-trough decline	-4.86%	-4.23%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.29%	—	—

Volatility

Volatility by Period

	GABF	PBEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	27.88%	-10.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.57%	27.88%	-7.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.57%	27.88%	-7.31%

GABF vs. PBEU - Expense Ratio Comparison

GABF has a 0.10% expense ratio, which is lower than PBEU's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GABF vs. PBEU - Dividend Comparison

GABF's dividend yield for the trailing twelve months is around 2.06%, more than PBEU's 0.01% yield.

Position	TTM	2025	2024	2023	2022
GABF Gabelli Financial Services Opportunities ETF	2.06%	1.96%	4.19%	4.95%	1.31%
PBEU Portfolio Building Block European Banks Index ETF	0.01%	0.01%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GABF and PBEU in my portfolio?

GABF and PBEU have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GABF or PBEU?

On fees, GABF is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GABF or PBEU?

GABF is cheaper with a 0.10% expense ratio, compared with 0.13% for PBEU.

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

GABF has the higher dividend yield at 2.06%, compared with 0.01% for PBEU.

What is the main difference between GABF and PBEU?

They also come from different issuers: Gabelli and Portfolio Building Block. Their fees differ too: 0.10% for GABF and 0.13% for PBEU.