PBEU vs. EUFN
PBEU (Portfolio Building Block European Banks Index ETF) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds - PBEU tracks the BITA European Banks Index while EUFN tracks the MSCI Europe Financials Index (Net). Both are passively managed. Their 0.96 correlation means they have historically moved very closely together. PBEU charges 0.13%/yr vs 0.49%/yr for EUFN.
Performance
PBEU vs. EUFN - Performance Comparison
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Returns By Period
In the year-to-date period, PBEU achieves a 23.70% return, which is significantly higher than EUFN's 16.93% return.
PBEU
- 1D
- 1.56%
- 1M
- 7.27%
- 6M
- 13.44%
- YTD
- 23.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EUFN
- 1D
- 1.01%
- 1M
- 5.62%
- 6M
- 11.63%
- YTD
- 16.93%
- 1Y
- 38.68%
- 3Y*
- 35.13%
- 5Y*
- 21.93%
- 10Y*
- 14.68%
- ALL TIME*
- 7.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $50.49M | $59.15M | $51.02M | |
| $1.75M | $1.59M | $5.53M |
PBEU vs. EUFN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBEU Portfolio Building Block European Banks Index ETF | 23.70% | 11.42% |
EUFN iShares MSCI Europe Financials ETF | 16.93% | 12.17% |
Correlation
The correlation between PBEU and EUFN is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.96 |
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Return for Risk
PBEU vs. EUFN — Risk / Return Rank
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EUFN
PBEU vs. EUFN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Portfolio Building Block European Banks Index ETF (PBEU) and iShares MSCI Europe Financials ETF (EUFN). 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.
| PBEU | EUFN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.63 | — |
| Martin ratioReturn relative to average drawdown | — | 9.24 | — |
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Drawdowns
PBEU vs. EUFN - Drawdown Comparison
The maximum PBEU drawdown since its inception was -17.26%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for PBEU and EUFN.
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Drawdown Indicators
| PBEU | EUFN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -53.25% | +35.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.77% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.25% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -14.42% | +10.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.20% | — |
Volatility
PBEU vs. EUFN - Volatility Comparison
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Volatility by Period
| PBEU | EUFN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.31% | 20.40% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.31% | 21.82% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 23.71% | +3.60% |
PBEU vs. EUFN - Expense Ratio Comparison
PBEU has a 0.13% expense ratio, which is lower than EUFN's 0.49% expense ratio.
Dividends
PBEU vs. EUFN - Dividend Comparison
PBEU's dividend yield for the trailing twelve months is around 0.01%, less than EUFN's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUFN iShares MSCI Europe Financials ETF | 3.93% | 3.57% | 5.36% | 5.00% | 4.24% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% |
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
With a correlation of 0.96, PBEU and EUFN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.49% for EUFN.
EUFN has the higher dividend yield at 3.93%, compared with 0.01% for PBEU.
PBEU tracks BITA European Banks Index, while EUFN tracks MSCI Europe Financials Index (Net). They also come from different issuers: Portfolio Building Block and iShares. Their fees differ too: 0.13% for PBEU and 0.49% for EUFN.
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