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. Their 0.42 correlation means their historical movements had little consistent relationship. 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 20.29% return, which is significantly lower than PBEU's 23.70% return.
KRE
- 1D
- 1.31%
- 1M
- 2.72%
- 6M
- 11.31%
- YTD
- 20.29%
- 1Y
- 34.19%
- 3Y*
- 19.96%
- 5Y*
- 7.18%
- 10Y*
- 9.15%
- ALL TIME*
- 4.89%
PBEU
- 1D
- 1.56%
- 1M
- 7.27%
- 6M
- 13.44%
- YTD
- 23.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $957.61M | $982.77M | $1.06B | |
| $1.75M | $1.59M | $5.53M |
KRE vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KRE SPDR S&P Regional Banking ETF | 20.29% | 5.77% |
PBEU Portfolio Building Block European Banks Index ETF | 23.70% | 11.42% |
Correlation
The correlation between KRE and PBEU is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.42 |
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Return for Risk
KRE vs. PBEU — Risk / Return Rank
KRE
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| KRE | PBEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | — | — |
| Martin ratioReturn relative to average drawdown | 6.10 | — | — |
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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 | -1.10% | 0.00% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -21.74% | -3.52% | -18.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | — | — |
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 | 5.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.85% | 27.31% | -4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 27.31% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.78% | 27.31% | +4.47% |
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 2.08%, 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 | 2.08% | 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 0.42, 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 2.08%, 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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