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Launched · SEC filings

Portfolio Building Block European Banks Index ETF

PBEUNasdaqPortfolio Building Block ETFsC

$30.54−0.20 (−0.65%)

At close: Nov 3, 2026, 4:00 PM ET

C51/ 100

Rank 5 of 9 in Banks

C51/100Rank 5 of 9inBanks
Intraday session: down, 77 prints from 30.73 to 30.54. Range 30.45 to 30.74. Use the arrow keys to read each point.30.4530.5030.6030.6530.7010 AM12 PM2 PM4 PM
Expense ratio
0.13%
Fund size
$407M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
56
Avg volume · 30D
121K sh
52W range
low $25.81high $36.31
Launched
Filings
SEC EDGAR

The ETF.net PBEU Grade

Based on 5 of 6 pillars

C

Score 51 out of 100

Category
Banks⁠
Rank
5 of 9
Six-pillar profile for PBEU. Scores out of 100: Cost 93, Risk 17, Mission not scored, Tradability 30, Holdings 20, Durability 42. Strongest: Cost (93). Weakest: Risk (17). Based on 5 of 6 pillars.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A93 out of 100
    Rank 1 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F17 out of 100
    Rank 9 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D30 out of 100
    Rank 7 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F20 out of 100
    Rank 8 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 8 of 9

Our read on PBEU

ETF.net Research

In short

CMost bank ETFs listed in the US stop at the US border. PBEU goes the other way, tracking the BITA European Banks Index, and charges 0.13% with no fee waiver involved.

Stated mandate

The fund is an exchange-traded index vehicle focused on European banks.

Why people hold it

  • Charges 0.13%, and that is the stated fee with no waiver holding it down, while bank-sector peers KRE, KBE, KBWB and GSIB each charge 0.35%.
  • One ticker for European banks, a corner of the sector that US-listed bank funds mostly skip, built by tracking the rules-based BITA European Banks Index.sec.gov
  • Gathered a few hundred million in assets during its first year and trades moderately, real traction for a niche regional launch.

Worth knowing

  • Launched November 2025, so the track record is short and risk measures rest on roughly a year of history.
  • One sector in one region, and non-US listings mean exchange-rate moves ride along with bank fundamentals.sec.gov
  • Distributions land annually or semiannually, not monthly, and it trades moderately rather than like the sector's heaviest names, so spreads can run wider.

PBEU Holdings

Holdings pillarF20 out of 100Rank 8 of 9 in Banks
Asset class
Stocks
Holdings
56
Top-10 weight
60%
Largest holding
HSBA.L14.6%

Geography

  • United Kingdom28.06%
  • Spain19.47%
  • Italy15.14%
  • France8.64%
  • Sweden8.10%
  • Netherlands4.54%
  • Austria3.36%
  • Denmark3.05%
  • Other countries (6)9.64%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1HSBA.LHsbc Holdings PLC14.58%3,457,804$59.2M145
2SAN.MCBanco Santander SA8.43%3,028,252$34.2M142
3BBVA.MCBanco Bilbao Vizcaya Argenta6.63%1,143,784$26.9M148
4UCG.MIUnicredit Spa5.49%273,134$22.3M156
5BNPQYBnp Paribas4.84%205,624$19.7M13
6INGS.TOIng Groep NV4.57%588,544$18.6M1
7ISP.MIIntesa Sanpaolo4.56%2,816,716$18.5M142
8LLOY.LLloyds Banking Group PLC4.01%12,982,358$16.3M137
9BCSBarclays PLC3.76%2,743,668$15.3M24
10NDA-FI.HENordea Bank Abp3.22%734,819$13.1M105
11GLE.PASociete Generale SA2.70%161,023$11M134
12STAN.LStandard Chartered PLC2.63%387,628$10.7M147
13CAIXYCaixabank SA2.60%843,123$10.5M3
14NWG.LNatwest Group PLC2.49%1,303,061$10.1M150
15SWED-A.STSwedbank Ab - A Shares2.19%225,176$8.9M111

Showing 1–15 of 56 holdings

PBEU Performance

Launched Nov 24, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
PBEU$10,672
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,115
Dec 31, 2025 to Nov 2, 2026. PBEU $10,672. SPY $11,115. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PBEU. Periods over one year show the average yearly return.
PeriodPBEU
Year to date+6.7%
1 month−7.1%
3 months−12.4%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PBEU
YearReturn barPBEU
2026 YTD+6.7%
2025+11.5%

History from Nov 25, 2025

PBEU in the news

PBEU Dividends

Last payment
$0.0026 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $0.0026. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.0026

PBEU Risk

Risk pillarF17 out of 100Rank 9 of 9 in Banks
How much the fund’s monthly returns vary, scaled to a year.
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.88
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PBEU Cost

Cheapest in Banks

$2,726

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PBEU 0.13%

    $2,726

$10,000
30 years

Cost over time

  • PBEU 0.13%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K051015202530PBEU $2,726

Year by year

YearPBEU
10$238
20$930
30$2,726

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