PBEU vs. XLFI

Last updated Jul 17, 2026

PBEU (Portfolio Building Block European Banks Index ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - PBEU is a Financials Equities fund tracking the BITA European Banks Index, while XLFI is a Derivative Income fund actively managed by State Street. PBEU is passively managed, while XLFI is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. PBEU charges 0.13%/yr vs 0.35%/yr for XLFI.

Performance

PBEU vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Portfolio Building Block European Banks Index ETF (PBEU) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBEU achieves a 17.19% return, which is significantly higher than XLFI's 2.85% return.

PBEU

• 1D: -0.15%
• 1M: 3.63%
• 6M: 14.30%
• YTD: 17.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLFI

• 1D: 0.37%
• 1M: 3.86%
• 6M: 3.40%
• YTD: 2.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBEU vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
PBEU Portfolio Building Block European Banks Index ETF	17.19%	11.42%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	2.85%	3.91%

Correlation

The correlation between PBEU and XLFI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.51

Return for Risk

PBEU vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Portfolio Building Block European Banks Index ETF (PBEU) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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. XLFI - Drawdown Comparison

The maximum PBEU drawdown since its inception was -17.26%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for PBEU and XLFI.

Drawdown Indicators

	PBEU	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-17.26%	-11.89%	-5.37%
Current Drawdown Current decline from peak	-0.71%	0.00%	-0.71%
Average Drawdown Average peak-to-trough decline	-3.71%	-3.13%	-0.58%

Volatility

Volatility by Period

	PBEU	XLFI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	26.97%	11.96%	+15.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.97%	11.96%	+15.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.97%	11.96%	+15.01%

PBEU vs. XLFI - Expense Ratio Comparison

PBEU has a 0.13% expense ratio, which is lower than XLFI's 0.35% expense ratio.

Dividends

PBEU vs. XLFI - Dividend Comparison

PBEU's dividend yield for the trailing twelve months is around 0.01%, less than XLFI's 11.32% yield.

Position	TTM	2025
PBEU Portfolio Building Block European Banks Index ETF	0.01%	0.01%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.32%	5.57%

Frequently Asked Questions

Can I hold both PBEU and XLFI in my portfolio?

PBEU and XLFI have a correlation of 0.51, 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 XLFI?

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.

Which ETF is cheaper, PBEU or XLFI?

PBEU is cheaper with a 0.13% expense ratio, compared with 0.35% for XLFI.

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

XLFI has the higher dividend yield at 11.32%, compared with 0.01% for PBEU.

What is the main difference between PBEU and XLFI?

PBEU is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: Portfolio Building Block and State Street. Their fees differ too: 0.13% for PBEU and 0.35% for XLFI.