PBPH vs. PBEU

Last updated Jun 23, 2026

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

Performance

PBPH vs. PBEU - Performance Comparison

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

Returns By Period

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

PBPH

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

PBEU

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

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

PBPH vs. PBEU - Yearly Performance Comparison

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

Correlation

The correlation between PBPH and PBEU 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

PBPH vs. PBEU - Risk-Adjusted Trends Comparison

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

PBPH vs. PBEU - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

PBPH vs. PBEU - Expense Ratio Comparison

Both PBPH and PBEU 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

PBPH vs. PBEU - Dividend Comparison

PBPH's dividend yield for the trailing twelve months is around 0.09%, more than PBEU's 0.01% 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 PBPH and PBEU in my portfolio?

PBPH and PBEU 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, PBPH or PBEU?

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, PBPH or PBEU?

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

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

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

What is the main difference between PBPH and PBEU?

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