IEUS vs. PBEU
IEUS (iShares MSCI Europe Small-Cap ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both exchange-traded funds - IEUS is a Europe Equities fund tracking the MSCI Europe Small Cap Index, while PBEU is a Financials Equities fund tracking the BITA European Banks Index. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. IEUS charges 0.40%/yr vs 0.13%/yr for PBEU.
Performance
IEUS vs. PBEU - Performance Comparison
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Returns By Period
In the year-to-date period, IEUS achieves a 5.16% return, which is significantly lower than PBEU's 17.19% return.
IEUS
- 1D
- -0.18%
- 1M
- -1.17%
- 6M
- 2.36%
- YTD
- 5.16%
- 1Y
- 9.24%
- 3Y*
- 12.62%
- 5Y*
- 3.59%
- 10Y*
- 8.20%
PBEU
- 1D
- -0.15%
- 1M
- 3.63%
- 6M
- 14.30%
- YTD
- 17.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEUS vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEUS iShares MSCI Europe Small-Cap ETF | 5.16% | 7.26% |
PBEU Portfolio Building Block European Banks Index ETF | 17.19% | 11.42% |
Correlation
The correlation between IEUS and PBEU is 0.76, 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 | 0.76 |
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Return for Risk
IEUS vs. PBEU — Risk / Return Rank
IEUS
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IEUS vs. PBEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Small-Cap ETF (IEUS) 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.
| IEUS | PBEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | — | — |
| Martin ratioReturn relative to average drawdown | 2.37 | — | — |
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Drawdowns
IEUS vs. PBEU - Drawdown Comparison
The maximum IEUS drawdown since its inception was -63.09%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for IEUS and PBEU.
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Drawdown Indicators
| IEUS | PBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.09% | -17.26% | -45.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | — | — |
Current DrawdownCurrent decline from peak | -2.45% | -0.71% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -15.46% | -3.71% | -11.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | — | — |
Volatility
IEUS vs. PBEU - Volatility Comparison
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Volatility by Period
| IEUS | PBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 26.97% | -10.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.86% | 26.97% | -6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 26.97% | -7.05% |
IEUS vs. PBEU - Expense Ratio Comparison
IEUS has a 0.40% expense ratio, which is higher than PBEU's 0.13% expense ratio.
Dividends
IEUS vs. PBEU - Dividend Comparison
IEUS's dividend yield for the trailing twelve months is around 3.19%, more than PBEU's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUS iShares MSCI Europe Small-Cap ETF | 3.19% | 3.19% | 3.25% | 2.97% | 3.00% | 2.63% | 1.21% | 4.03% | 3.21% | 2.13% | 2.48% | 2.06% |
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
IEUS and PBEU have a correlation of 0.76, 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 0.40% for IEUS.
IEUS has the higher dividend yield at 3.19%, compared with 0.01% for PBEU.
IEUS is categorized as Europe Equities, while PBEU is Financials Equities. IEUS tracks MSCI Europe Small Cap Index, while PBEU tracks BITA European Banks Index. They also come from different issuers: iShares and Portfolio Building Block. Their fees differ too: 0.40% for IEUS and 0.13% for PBEU.
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