PBEU vs. PBPH

Last updated Jun 23, 2026

PBEU (Portfolio Building Block European Banks Index ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both exchange-traded funds - PBEU is a Financials Equities fund tracking the BITA European Banks Index, while PBPH is a Health & Biotech Equities fund tracking the BITA Global Pharma and Biotech Select Index. Both are passively managed. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.13% expense ratio.

Performance

PBEU vs. PBPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Portfolio Building Block European Banks Index ETF (PBEU) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBEU achieves a 15.27% return, which is significantly higher than PBPH's 1.21% return.

PBEU

• 1D: 0.88%
• 1M: 8.76%
• YTD: 15.27%
• 6M: 16.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBPH

• 1D: 1.17%
• 1M: -0.54%
• YTD: 1.21%
• 6M: 1.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBEU vs. PBPH - Yearly Performance Comparison

	2026 (YTD)	2025
PBEU Portfolio Building Block European Banks Index ETF	15.27%	11.42%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	1.21%	0.74%

Correlation

The correlation between PBEU and PBPH is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.40

Return for Risk

PBEU vs. PBPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Portfolio Building Block European Banks Index ETF (PBEU) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

PBEU vs. PBPH - Drawdown Comparison

The maximum PBEU drawdown since its inception was -17.26%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for PBEU and PBPH.

Drawdown Indicators

	PBEU	PBPH	Difference
Max Drawdown Largest peak-to-trough decline	-17.26%	-11.10%	-6.16%
Current Drawdown Current decline from peak	0.00%	-6.53%	+6.53%
Average Drawdown Average peak-to-trough decline	-3.96%	-4.36%	+0.40%

Volatility

Volatility by Period

	PBEU	PBPH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.64%	17.03%	+10.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.64%	17.03%	+10.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.64%	17.03%	+10.61%

PBEU vs. PBPH - Expense Ratio Comparison

Both PBEU and PBPH have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PBEU vs. PBPH - Dividend Comparison

PBEU's dividend yield for the trailing twelve months is around 0.01%, less than PBPH's 0.09% yield.

Position	TTM	2025
PBEU Portfolio Building Block European Banks Index ETF	0.01%	0.01%
PBPH Portfolio Building Block World Pharma and Biotech Index ETF	0.09%	0.09%

Frequently Asked Questions

Can I hold both PBEU and PBPH in my portfolio?

PBEU and PBPH have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBEU or PBPH?

Both ETFs have the same 0.13% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBEU or PBPH?

PBEU and PBPH have the same expense ratio: 0.13% per year.

Which ETF pays a higher dividend yield, PBEU or PBPH?

PBPH has the higher dividend yield at 0.09%, compared with 0.01% for PBEU.

What is the main difference between PBEU and PBPH?

PBEU is categorized as Financials Equities, while PBPH is Health & Biotech Equities. PBEU tracks BITA European Banks Index, while PBPH tracks BITA Global Pharma and Biotech Select Index.