RSPF vs. PBEU

Last updated Jun 4, 2026

RSPF (Invesco S&P 500 Equal Weight Financials ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds - RSPF tracks the S&P 500 Equal Weighted / Financials -SEC while PBEU tracks the BITA European Banks Index. Both are passively managed. At a 0.50 correlation, their price movements are largely independent. RSPF charges 0.40%/yr vs 0.13%/yr for PBEU.

Performance

RSPF vs. PBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Financials ETF (RSPF) 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, RSPF achieves a -5.25% return, which is significantly lower than PBEU's 6.67% return.

RSPF

• 1D: -1.76%
• 1M: -1.96%
• YTD: -5.25%
• 6M: -2.72%
• 1Y: 2.40%
• 3Y*: 15.99%
• 5Y*: 5.36%
• 10Y*: 11.37%

PBEU

• 1D: -2.01%
• 1M: 5.50%
• YTD: 6.67%
• 6M: 14.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSPF vs. PBEU - Yearly Performance Comparison

	2026 (YTD)	2025
RSPF Invesco S&P 500 Equal Weight Financials ETF	-5.25%	4.37%
PBEU Portfolio Building Block European Banks Index ETF	6.67%	11.49%

Correlation

The correlation between RSPF and PBEU is 0.50, 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 26, 2025	0.50

Return for Risk

RSPF vs. PBEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RSPF

RSPF Risk / Return Rank: 10
RSPF Sharpe Ratio Rank: 11
RSPF Sortino Ratio Rank: 10
RSPF Omega Ratio Rank: 10
RSPF Calmar Ratio Rank: 10
RSPF Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RSPF vs. PBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Financials ETF (RSPF) 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.

	RSPF	PBEU	Difference
Sharpe ratio: Return per unit of total volatility	0.16	—	—
Sortino ratio: Return per unit of downside risk	0.32	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.17	—	—
Martin ratio: Return relative to average drawdown	0.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RSPF	PBEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	1.45	-1.24

Drawdowns

RSPF vs. PBEU - Drawdown Comparison

The maximum RSPF drawdown since its inception was -81.32%, which is greater than PBEU's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for RSPF and PBEU.

Drawdown Indicators

	RSPF	PBEU	Difference
Max Drawdown Largest peak-to-trough decline	-81.32%	-17.26%	-64.06%
Max Drawdown (1Y) Largest decline over 1 year	-14.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.80%	—	—
Current Drawdown Current decline from peak	-7.99%	-2.18%	-5.81%
Average Drawdown Average peak-to-trough decline	-19.04%	-4.23%	-14.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	—	—

Volatility

Volatility by Period

	RSPF	PBEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	27.88%	-12.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	27.88%	-8.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	27.88%	-4.97%

RSPF vs. PBEU - Expense Ratio Comparison

RSPF has a 0.40% expense ratio, which is higher than PBEU's 0.13% expense ratio.

Dividends

RSPF vs. PBEU - Dividend Comparison

RSPF's dividend yield for the trailing twelve months is around 1.70%, more than PBEU's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RSPF Invesco S&P 500 Equal Weight Financials ETF	1.70%	1.55%	1.65%	2.16%	1.95%	1.56%	2.24%	1.85%	2.51%	1.28%	37.55%	2.17%

Frequently Asked Questions

Can I hold both RSPF and PBEU in my portfolio?

RSPF and PBEU have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RSPF or PBEU?

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, RSPF or PBEU?

PBEU is cheaper with a 0.13% expense ratio, compared with 0.40% for RSPF.

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

RSPF has the higher dividend yield at 1.70%, compared with 0.01% for PBEU.

What is the main difference between RSPF and PBEU?

RSPF tracks S&P 500 Equal Weighted / Financials -SEC, while PBEU tracks BITA European Banks Index. They also come from different issuers: Invesco and Portfolio Building Block. Their fees differ too: 0.40% for RSPF and 0.13% for PBEU.