IXG vs. PBEU
IXG (iShares Global Financials ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds - IXG tracks the S&P Global Financials Sector Index while PBEU tracks the BITA European Banks Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. IXG charges 0.46%/yr vs 0.13%/yr for PBEU.
Performance
IXG vs. PBEU - Performance Comparison
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Returns By Period
In the year-to-date period, IXG achieves a -0.23% return, which is significantly lower than PBEU's 6.67% return.
IXG
- 1D
- -1.08%
- 1M
- 0.73%
- YTD
- -0.23%
- 6M
- 3.74%
- 1Y
- 12.70%
- 3Y*
- 22.63%
- 5Y*
- 10.96%
- 10Y*
- 11.83%
PBEU
- 1D
- -2.01%
- 1M
- 5.50%
- YTD
- 6.67%
- 6M
- 14.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXG vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IXG iShares Global Financials ETF | -0.23% | 5.81% |
PBEU Portfolio Building Block European Banks Index ETF | 6.67% | 11.49% |
Correlation
The correlation between IXG and PBEU is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.82 |
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Return for Risk
IXG vs. PBEU — Risk / Return Rank
IXG
PBEU
IXG vs. PBEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Financials ETF (IXG) 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.
| IXG | 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 | 1.13 | — | — |
| Martin ratioReturn relative to average drawdown | 3.97 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IXG | PBEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.45 | -1.21 |
Drawdowns
IXG vs. PBEU - Drawdown Comparison
The maximum IXG drawdown since its inception was -78.42%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for IXG and PBEU.
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Drawdown Indicators
| IXG | PBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.42% | -17.26% | -61.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.47% | — | — |
Current DrawdownCurrent decline from peak | -2.88% | -2.18% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -19.75% | -4.23% | -15.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | — | — |
Volatility
IXG vs. PBEU - Volatility Comparison
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Volatility by Period
| IXG | PBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 27.88% | -14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 27.88% | -10.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 27.88% | -7.76% |
IXG vs. PBEU - Expense Ratio Comparison
IXG has a 0.46% expense ratio, which is higher than PBEU's 0.13% expense ratio.
Dividends
IXG vs. PBEU - Dividend Comparison
IXG's dividend yield for the trailing twelve months is around 2.05%, more than PBEU's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXG iShares Global Financials ETF | 2.05% | 2.04% | 2.64% | 2.62% | 3.71% | 1.69% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% |
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
IXG and PBEU have a correlation of 0.82, 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 0.46% for IXG.
IXG has the higher dividend yield at 2.05%, compared with 0.01% for PBEU.
IXG tracks S&P Global Financials Sector Index, while PBEU tracks BITA European Banks Index. They also come from different issuers: iShares and Portfolio Building Block. Their fees differ too: 0.46% for IXG and 0.13% for PBEU.
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