Portfolio Building Block European Banks Index ETF
$32.62+0.31 (+0.96%)
- 0.13%
- $421M
- 0.1M sh
- $31.98
- low $25.81high $36.31
The ETF.net PBEU Grade
B
Score 55 out of 100
- 5 of 9
Score 55 of 100 falls in the B 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 100Rank 1 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D36 out of 100Rank 8 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D30 out of 100Rank 7 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F20 out of 100Rank 9 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C42 out of 100Rank 8 of 9
Our read on PBEU
BAlmost every US-listed bank ETF is a basket of American lenders. PBEU aims the same idea at Europe, tracking an index of European banks for 0.25% a year, under the 0.35% its bank-ETF peers typically charge.
The fund is an exchange-traded index vehicle focused on European banks.
Why people hold it
- Cheapest of the bank ETFs at the top of its group: 0.25% a year versus the 0.35% charged by KBE, KBWB, GSIB and KRE, and below the cohort median.
- A single-ticket route to European lenders inside a peer group otherwise stocked with US baskets: large-cap banks, regional banks, global systemically important banks.
- Plain plumbing. A 1940 Act index fund holding bank shares, with no leverage, options overlay or derivatives wrapper between you and the sector.
- Lands in the upper half of the bank ETFs we grade, with its fee doing much of the heavy lifting.
Worth knowing
- One sector in one region. Bank stocks move together, and there is no US or non-financial ballast in the basket to soften a rough stretch for European lenders.
- Launched in 2025, so it has not yet traded through a full banking cycle the way the decades-old names in its group have.
- Trades moderately rather than heavily, so spreads can run wider than on group veterans like KBE or KRE, especially outside European market hours.
PBEU Holdings
- Stocks
- 58
- 61%
- HSBA.L
Geography
- United Kingdom28.52%
- Spain20.96%
- Italy15.27%
- France8.75%
- Netherlands4.60%
- Sweden3.90%
- Austria3.34%
- Finland3.24%
- 11.43%
Developed 100% · Emerging 0%
PBEU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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PBEU$11,219
Returns run to the Oct 12, 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.
| Period | PBEU |
|---|---|
| Year to date | +12.2% |
| 1 month | −10.6% |
| 3 months | −3.7% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PBEU |
|---|---|---|
| 2026 YTD | +12.2% | |
| 2025 | +11.5% |
PBEU in the news
PBEU Dividends
- $0.0026 per share
- Irregular
Distribution data unavailable.
Distribution history
PBEU Risk
- —
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.
- —
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.
- —
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.
- 0.88
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PBEU Cost
0.13%
PBEU0.13%
- The middle half of Banks funds
- Median 0.35%
No Banks fund charges less.
Other funds in Banks
- BKBWBInvesco KBW Bank ETFExpense ratio 0.35%1 year return +22.2%
- BGSIBThemes Global Systemically Important Banks ETFExpense ratio 0.35%1 year return +36.3%
- CFDIQInvesco Bloomberg Financial Data Providers ETFExpense ratio 0.35%1 year return —
- DFTXOFirst Trust Nasdaq Bank ETFExpense ratio 0.60%1 year return +18.8%
- DIATiShares U.S. Regional Banks ETFExpense ratio 0.37%1 year return +20.6%