PBEU vs. IXG
PBEU (Portfolio Building Block European Banks Index ETF) and IXG (iShares Global Financials ETF) are both Financials Equities funds - PBEU tracks the BITA European Banks Index while IXG tracks the S&P Global Financials Sector Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. PBEU charges 0.13%/yr vs 0.46%/yr for IXG.
Performance
PBEU vs. IXG - Performance Comparison
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Returns By Period
In the year-to-date period, PBEU achieves a 15.27% return, which is significantly higher than IXG's 5.43% return.
PBEU
- 1D
- 0.88%
- 1M
- 8.76%
- YTD
- 15.27%
- 6M
- 16.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXG
- 1D
- 0.54%
- 1M
- 4.22%
- YTD
- 5.43%
- 6M
- 4.86%
- 1Y
- 20.55%
- 3Y*
- 24.97%
- 5Y*
- 13.37%
- 10Y*
- 13.29%
PBEU vs. IXG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBEU Portfolio Building Block European Banks Index ETF | 15.27% | 11.42% |
IXG iShares Global Financials ETF | 5.43% | 7.16% |
Correlation
The correlation between PBEU and IXG is 0.81, 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 | 0.81 |
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Return for Risk
PBEU vs. IXG — Risk / Return Rank
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IXG
PBEU vs. IXG - 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 Global Financials ETF (IXG). 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 | IXG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.82 | — |
| Martin ratioReturn relative to average drawdown | — | 6.43 | — |
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Drawdowns
PBEU vs. IXG - Drawdown Comparison
The maximum PBEU drawdown since its inception was -17.26%, smaller than the maximum IXG drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for PBEU and IXG.
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Drawdown Indicators
| PBEU | IXG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -78.42% | +61.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.47% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.22% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -19.71% | +15.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.20% | — |
Volatility
PBEU vs. IXG - Volatility Comparison
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Volatility by Period
| PBEU | IXG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.64% | 13.92% | +13.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.64% | 17.34% | +10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.64% | 20.11% | +7.53% |
PBEU vs. IXG - Expense Ratio Comparison
PBEU has a 0.13% expense ratio, which is lower than IXG's 0.46% expense ratio.
Dividends
PBEU vs. IXG - Dividend Comparison
PBEU's dividend yield for the trailing twelve months is around 0.01%, less than IXG's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXG iShares Global Financials ETF | 2.26% | 2.04% | 2.64% | 2.62% | 3.71% | 1.69% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% |
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
PBEU and IXG have a correlation of 0.81, 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 0.46% for IXG.
IXG has the higher dividend yield at 2.26%, compared with 0.01% for PBEU.
PBEU tracks BITA European Banks Index, while IXG tracks S&P Global Financials Sector Index. They also come from different issuers: Portfolio Building Block and iShares. Their fees differ too: 0.13% for PBEU and 0.46% for IXG.
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