IAI vs. PBEU
IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds - IAI tracks the Dow Jones U.S. Select Investment Services Index while PBEU tracks the BITA European Banks Index. Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. IAI charges 0.38%/yr vs 0.13%/yr for PBEU.
Performance
IAI vs. PBEU - Performance Comparison
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Returns By Period
In the year-to-date period, IAI achieves a 4.12% return, which is significantly lower than PBEU's 13.63% return.
IAI
- 1D
- -0.65%
- 1M
- 3.38%
- YTD
- 4.12%
- 6M
- 2.06%
- 1Y
- 17.16%
- 3Y*
- 29.87%
- 5Y*
- 14.88%
- 10Y*
- 19.81%
PBEU
- 1D
- -1.42%
- 1M
- 7.22%
- YTD
- 13.63%
- 6M
- 14.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAI vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 4.12% | 5.98% |
PBEU Portfolio Building Block European Banks Index ETF | 13.63% | 11.42% |
Correlation
The correlation between IAI and PBEU is 0.54, 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 | 0.54 |
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Return for Risk
IAI vs. PBEU — Risk / Return Rank
IAI
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IAI vs. PBEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) 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.
| IAI | PBEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | — | — |
| Martin ratioReturn relative to average drawdown | 2.96 | — | — |
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Drawdowns
IAI vs. PBEU - Drawdown Comparison
The maximum IAI drawdown since its inception was -75.46%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for IAI and PBEU.
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Drawdown Indicators
| IAI | PBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.46% | -17.26% | -58.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.38% | — | — |
Current DrawdownCurrent decline from peak | -1.91% | -1.42% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -22.61% | -3.94% | -18.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | — | — |
Volatility
IAI vs. PBEU - Volatility Comparison
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Volatility by Period
| IAI | PBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 27.63% | -8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 27.63% | -6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.75% | 27.63% | -4.88% |
IAI vs. PBEU - Expense Ratio Comparison
IAI has a 0.38% expense ratio, which is higher than PBEU's 0.13% expense ratio.
Dividends
IAI vs. PBEU - Dividend Comparison
IAI's dividend yield for the trailing twelve months is around 1.10%, more than PBEU's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.10% | 0.95% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.49% | 1.31% |
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
IAI and PBEU have a correlation of 0.54, 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 0.38% for IAI.
IAI has the higher dividend yield at 1.10%, compared with 0.01% for PBEU.
IAI tracks Dow Jones U.S. Select Investment Services Index, while PBEU tracks BITA European Banks Index. They also come from different issuers: iShares and Portfolio Building Block. Their fees differ too: 0.38% for IAI and 0.13% for PBEU.
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