OPPE vs. PBEU
OPPE (WisdomTree European Opportunities Fund) and PBEU (Portfolio Building Block European Banks Index ETF) are both exchange-traded funds - OPPE is a Europe Equities fund tracking the WisdomTree European Opportunities Index, while PBEU is a Financials Equities fund tracking the BITA European Banks Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. OPPE charges 0.58%/yr vs 0.13%/yr for PBEU.
Performance
OPPE vs. PBEU - Performance Comparison
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Returns By Period
In the year-to-date period, OPPE achieves a 11.16% return, which is significantly lower than PBEU's 13.63% return.
OPPE
- 1D
- -0.52%
- 1M
- -0.94%
- YTD
- 11.16%
- 6M
- 11.70%
- 1Y
- 26.73%
- 3Y*
- 23.44%
- 5Y*
- 14.00%
- 10Y*
- 13.17%
PBEU
- 1D
- -1.42%
- 1M
- 7.22%
- YTD
- 13.63%
- 6M
- 14.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPPE vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPPE WisdomTree European Opportunities Fund | 11.16% | 5.77% |
PBEU Portfolio Building Block European Banks Index ETF | 13.63% | 11.42% |
Correlation
The correlation between OPPE 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 25, 2025 | 0.82 |
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Return for Risk
OPPE vs. PBEU — Risk / Return Rank
OPPE
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OPPE vs. PBEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree European Opportunities Fund (OPPE) 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.
| OPPE | PBEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | — | — |
| Martin ratioReturn relative to average drawdown | 11.44 | — | — |
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Drawdowns
OPPE vs. PBEU - Drawdown Comparison
The maximum OPPE drawdown since its inception was -39.28%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for OPPE and PBEU.
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Drawdown Indicators
| OPPE | PBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -17.26% | -22.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.28% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | -1.42% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -3.94% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | — | — |
Volatility
OPPE vs. PBEU - Volatility Comparison
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Volatility by Period
| OPPE | PBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 27.63% | -13.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 27.63% | -11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 27.63% | -10.65% |
OPPE vs. PBEU - Expense Ratio Comparison
OPPE has a 0.58% expense ratio, which is higher than PBEU's 0.13% expense ratio.
Dividends
OPPE vs. PBEU - Dividend Comparison
OPPE's dividend yield for the trailing twelve months is around 2.76%, more than PBEU's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPE WisdomTree European Opportunities Fund | 2.76% | 2.95% | 3.99% | 3.53% | 5.13% | 2.39% | 3.42% | 3.08% | 2.34% | 1.46% | 2.60% | 4.39% |
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
OPPE 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 0.58% for OPPE.
OPPE has the higher dividend yield at 2.76%, compared with 0.01% for PBEU.
OPPE is categorized as Europe Equities, while PBEU is Financials Equities. OPPE tracks WisdomTree European Opportunities Index, while PBEU tracks BITA European Banks Index. They also come from different issuers: WisdomTree and Portfolio Building Block. Their fees differ too: 0.58% for OPPE and 0.13% for PBEU.
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