PBEU vs. KBWP
PBEU (Portfolio Building Block European Banks Index ETF) and KBWP (Invesco KBW Property & Casualty Insurance ETF) are both Financials Equities funds - PBEU tracks the BITA European Banks Index while KBWP tracks the KBW Nasdaq Property & Casualty (TR). Both are passively managed. At a correlation of -0.05, they often move in opposite directions. PBEU charges 0.13%/yr vs 0.35%/yr for KBWP.
Performance
PBEU vs. KBWP - Performance Comparison
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Returns By Period
In the year-to-date period, PBEU achieves a 13.63% return, which is significantly higher than KBWP's -1.94% return.
PBEU
- 1D
- -1.42%
- 1M
- 7.22%
- YTD
- 13.63%
- 6M
- 14.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KBWP
- 1D
- 2.46%
- 1M
- 2.63%
- YTD
- -1.94%
- 6M
- -2.38%
- 1Y
- 2.45%
- 3Y*
- 17.19%
- 5Y*
- 12.41%
- 10Y*
- 12.39%
PBEU vs. KBWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBEU Portfolio Building Block European Banks Index ETF | 13.63% | 11.42% |
KBWP Invesco KBW Property & Casualty Insurance ETF | -1.94% | 3.83% |
Correlation
The correlation between PBEU and KBWP is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | -0.05 |
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Return for Risk
PBEU vs. KBWP — Risk / Return Rank
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KBWP
PBEU vs. KBWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Portfolio Building Block European Banks Index ETF (PBEU) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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 | KBWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.04 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.26 | — |
| Martin ratioReturn relative to average drawdown | — | 0.56 | — |
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Drawdowns
PBEU vs. KBWP - Drawdown Comparison
The maximum PBEU drawdown since its inception was -17.26%, smaller than the maximum KBWP drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for PBEU and KBWP.
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Drawdown Indicators
| PBEU | KBWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -39.76% | +22.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.56% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.76% | — |
Current DrawdownCurrent decline from peak | -1.42% | -2.75% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -4.37% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.36% | — |
Volatility
PBEU vs. KBWP - Volatility Comparison
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Volatility by Period
| PBEU | KBWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.63% | 16.60% | +11.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.63% | 18.54% | +9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.63% | 20.73% | +6.90% |
PBEU vs. KBWP - Expense Ratio Comparison
PBEU has a 0.13% expense ratio, which is lower than KBWP's 0.35% expense ratio.
Dividends
PBEU vs. KBWP - Dividend Comparison
PBEU's dividend yield for the trailing twelve months is around 0.01%, less than KBWP's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWP Invesco KBW Property & Casualty Insurance ETF | 2.00% | 1.58% | 1.64% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% |
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 KBWP have a correlation of -0.05, 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 KBWP.
KBWP has the higher dividend yield at 2.00%, compared with 0.01% for PBEU.
PBEU tracks BITA European Banks Index, while KBWP tracks KBW Nasdaq Property & Casualty (TR). They also come from different issuers: Portfolio Building Block and Invesco. Their fees differ too: 0.13% for PBEU and 0.35% for KBWP.
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