KRE vs. PBEU
KRE (SPDR S&P Regional Banking ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds - KRE tracks the S&P Regional Banks Select Industry Index while PBEU tracks the BITA European Banks Index. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. KRE charges 0.35%/yr vs 0.13%/yr for PBEU.
Performance
KRE vs. PBEU - Performance Comparison
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Returns By Period
In the year-to-date period, KRE achieves a 5.35% return, which is significantly lower than PBEU's 6.67% return.
KRE
- 1D
- -2.39%
- 1M
- -1.61%
- YTD
- 5.35%
- 6M
- 6.27%
- 1Y
- 21.36%
- 3Y*
- 20.63%
- 5Y*
- 1.92%
- 10Y*
- 7.80%
PBEU
- 1D
- -2.01%
- 1M
- 5.50%
- YTD
- 6.67%
- 6M
- 14.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KRE vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KRE SPDR S&P Regional Banking ETF | 5.35% | 2.85% |
PBEU Portfolio Building Block European Banks Index ETF | 6.67% | 11.49% |
Correlation
The correlation between KRE and PBEU is 0.51, 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 | 0.51 |
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Return for Risk
KRE vs. PBEU — Risk / Return Rank
KRE
PBEU
KRE vs. PBEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) 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.
| KRE | PBEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | — | — |
| Martin ratioReturn relative to average drawdown | 3.72 | — | — |
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
| KRE | PBEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 1.45 | -1.32 |
Drawdowns
KRE vs. PBEU - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for KRE and PBEU.
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Drawdown Indicators
| KRE | PBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.54% | -17.26% | -51.28% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.92% | — | — |
Current DrawdownCurrent decline from peak | -7.27% | -2.18% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -21.90% | -4.23% | -17.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | — | — |
Volatility
KRE vs. PBEU - Volatility Comparison
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Volatility by Period
| KRE | PBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.37% | 27.88% | -4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.98% | 27.88% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.92% | 27.88% | +4.04% |
KRE vs. PBEU - Expense Ratio Comparison
KRE has a 0.35% expense ratio, which is higher than PBEU's 0.13% expense ratio.
Dividends
KRE vs. PBEU - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.32%, more than PBEU's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.32% | 2.45% | 2.59% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.48% | 1.40% | 1.40% | 1.80% |
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
KRE and PBEU have a correlation of 0.51, 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 0.35% for KRE.
KRE has the higher dividend yield at 2.32%, compared with 0.01% for PBEU.
KRE tracks S&P Regional Banks 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 KRE and 0.13% for PBEU.
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