KIE vs. PBEU

Last updated Jun 25, 2026

KIE (SPDR S&P Insurance ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds - KIE tracks the S&P Insurance Select Industry Index while PBEU tracks the BITA European Banks Index. Both are passively managed. At a 0.16 correlation, their price movements are largely independent. KIE charges 0.35%/yr vs 0.13%/yr for PBEU.

Performance

KIE vs. PBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Insurance ETF (KIE) 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, KIE achieves a 0.16% return, which is significantly lower than PBEU's 11.85% return.

KIE

• 1D: 0.17%
• 1M: 4.05%
• YTD: 0.16%
• 6M: -1.28%
• 1Y: 2.10%
• 3Y*: 16.62%
• 5Y*: 10.76%
• 10Y*: 12.08%

PBEU

• 1D: -1.56%
• 1M: 5.54%
• YTD: 11.85%
• 6M: 12.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KIE vs. PBEU - Yearly Performance Comparison

	2026 (YTD)	2025
KIE SPDR S&P Insurance ETF	0.16%	2.29%
PBEU Portfolio Building Block European Banks Index ETF	11.85%	11.42%

Correlation

The correlation between KIE and PBEU is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.16

Return for Risk

KIE vs. PBEU — Risk / Return Rank

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

KIE

KIE Risk / Return Rank: 10
KIE Sharpe Ratio Rank: 10
KIE Sortino Ratio Rank: 10
KIE Omega Ratio Rank: 10
KIE Calmar Ratio Rank: 11
KIE Martin Ratio Rank: 11

PBEU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

KIE vs. PBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) 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.

	KIE	PBEU	Difference
Sharpe ratio: Return per unit of total volatility	0.13	—	—
Sortino ratio: Return per unit of downside risk	0.29	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	0.18	—	—
Martin ratio: Return relative to average drawdown	0.43	—	—

Drawdowns

KIE vs. PBEU - Drawdown Comparison

The maximum KIE drawdown since its inception was -75.30%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for KIE and PBEU.

Drawdown Indicators

	KIE	PBEU	Difference
Max Drawdown Largest peak-to-trough decline	-75.30%	-17.26%	-58.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.31%	—	—
Current Drawdown Current decline from peak	-1.28%	-2.96%	+1.68%
Average Drawdown Average peak-to-trough decline	-12.02%	-3.94%	-8.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	—	—

Volatility

Volatility by Period

	KIE	PBEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.39%	27.63%	-11.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	27.63%	-9.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.16%	27.63%	-6.47%

KIE vs. PBEU - Expense Ratio Comparison

KIE has a 0.35% expense ratio, which is higher than PBEU's 0.13% expense ratio.

Dividends

KIE vs. PBEU - Dividend Comparison

KIE's dividend yield for the trailing twelve months is around 1.64%, more than PBEU's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KIE SPDR S&P Insurance ETF	1.64%	1.57%	1.48%	1.45%	1.90%	1.95%	1.85%	1.76%	1.83%	1.56%	1.55%	1.65%
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

Can I hold both KIE and PBEU in my portfolio?

KIE and PBEU have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KIE or PBEU?

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.

Which ETF is cheaper, KIE or PBEU?

PBEU is cheaper with a 0.13% expense ratio, compared with 0.35% for KIE.

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

KIE has the higher dividend yield at 1.64%, compared with 0.01% for PBEU.

What is the main difference between KIE and PBEU?

KIE tracks S&P Insurance Select Industry Index, while PBEU tracks BITA European Banks Index. They also come from different issuers: State Street and Portfolio Building Block. Their fees differ too: 0.35% for KIE and 0.13% for PBEU.