PBEU vs. KRE
PBEU (Portfolio Building Block European Banks Index ETF) and KRE (SPDR S&P Regional Banking ETF) are both Financials Equities funds - PBEU tracks the BITA European Banks Index while KRE tracks the S&P Regional Banks Select Industry Index. Both are passively managed. Their 0.42 correlation means their historical movements had little consistent relationship. PBEU charges 0.13%/yr vs 0.35%/yr for KRE.
Performance
PBEU vs. KRE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PBEU achieves a 21.81% return, which is significantly higher than KRE's 18.73% return.
PBEU
- 1D
- -0.11%
- 1M
- 5.63%
- 6M
- 13.95%
- YTD
- 21.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
KRE
- 1D
- 0.21%
- 1M
- 1.39%
- 6M
- 11.83%
- YTD
- 18.73%
- 1Y
- 32.45%
- 3Y*
- 19.76%
- 5Y*
- 6.87%
- 10Y*
- 9.54%
- ALL TIME*
- 4.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $961.35M | $999.45M | $1.05B | |
| $1.85M | $6.79M | $5.48M |
PBEU vs. KRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBEU Portfolio Building Block European Banks Index ETF | 21.81% | 11.42% |
KRE SPDR S&P Regional Banking ETF | 18.73% | 5.77% |
Correlation
The correlation between PBEU and KRE 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PBEU vs. KRE — Risk / Return Rank
PBEU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KRE
PBEU vs. KRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Portfolio Building Block European Banks Index ETF (PBEU) and SPDR S&P Regional Banking ETF (KRE). 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 | KRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 5.30 | — |
Loading charts...
Drawdowns
PBEU vs. KRE - Drawdown Comparison
The maximum PBEU drawdown since its inception was -17.26%, smaller than the maximum KRE drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for PBEU and KRE.
Loading charts...
Drawdown Indicators
| PBEU | KRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -68.54% | +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 | -0.11% | -2.39% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -21.74% | +18.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.63% | — |
Volatility
PBEU vs. KRE - Volatility Comparison
Loading charts...
Volatility by Period
| PBEU | KRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.34% | 22.91% | +4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.34% | 29.63% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.34% | 31.76% | -4.42% |
PBEU vs. KRE - Expense Ratio Comparison
PBEU has a 0.13% expense ratio, which is lower than KRE's 0.35% expense ratio.
Dividends
PBEU vs. KRE - Dividend Comparison
PBEU's dividend yield for the trailing twelve months is around 0.01%, less than KRE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.10% | 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
PBEU and KRE 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 2.10%, compared with 0.01% for PBEU.
PBEU tracks BITA European Banks Index, while KRE tracks S&P Regional Banks Select Industry Index. They also come from different issuers: Portfolio Building Block and State Street. Their fees differ too: 0.13% for PBEU and 0.35% for KRE.
Find the right allocation for PBEU and KRE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer