Skip to content
etf.net

IAT vs PBEU

iShares U.S. Regional Banks ETF

IATDNYSE Arca

Portfolio Building Block European Banks Index ETF

PBEUCNasdaq

Overlap

Expense ratio

PBEU −0.24pt a year

IAT0.37%PBEU0.13%

Avg volume · 30D

IAT 1.9×the volume

IAT232KPBEU121K

IAT vs PBEU Performance

Dec 31, 2025 – Nov 2, 2026

+12.5%IAT+6.7%PBEU

Dec 31, 2025 to Nov 2, 2026. IAT +12.5%. PBEU +6.7%. Use the arrow keys to read each point.−5%0%20%25%Dec 2025Jun 2026Nov 2026
Expense ratio
IAT 0.37%
PBEU 0.13%, better
Fund size
IAT $634M
PBEU $407M
1Y total return
IAT +26.4%
PBEU No data
Yield (12M)
IAT 2.69%
PBEU No data
Holdings
IAT 33
PBEU 56
Avg volume (30D)
IAT 232K sh, better
PBEU 121K sh
NAV per share
IAT $59.81
PBEU $30.29
52W range

ETF.net Grade

IAT: Cost 31, Risk 35, Mission 48, Tradability 54, Holdings 12, Durability 68. PBEU: Cost 93, Risk 17, Mission not scored, Tradability 30, Holdings 20, Durability 42.
Pillar letters and Scores for IAT, PBEU, with each pillar’s weight
PillarIATPBEU
Cost30% weightD31A93Higher
Mission25% weightC48Not scored
Risk15% weightD35HigherF17
Tradability15% weightC54HigherD30
Holdings10% weightF12F20Higher
Durability5% weightB68HigherC42

Rank among Banks funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IAT and PBEU are both graded against the same 9 Banks funds, so their Grades compare head to head.

Banks⁠

Category · 9 funds
See all 9 ›

PBEU ranks 5th and IAT 8th of 9 funds in the Banks Category.

  1. Rank 4BGSIBThemes Global Systemically Important Banks ETFScore 57
  2. Rank 5CPBEUPortfolio Building Block European Banks Index ETFScore 51
  3. Rank 6CFDIQInvesco Bloomberg Financial Data Providers ETFScore 50
  4. Rank 8DFTXOFirst Trust Nasdaq Bank ETFScore 36
  5. Rank 8DIATiShares U.S. Regional Banks ETFScore 36

Our read on each fund

ETF.net Research

IATDiShares U.S. Regional Banks ETF

PBEUCPortfolio Building Block European Banks Index ETF

In short

IAT Regional banking, undiluted: about 30 U.S. lenders, no insurers or brokers padding the basket, from an iShares fund that has been on the tape since 2006.

PBEU Most 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

IAT The Fund seeks to track an index of U.S. equity securities from the regional banking sector. It uses representative sampling to pursue index-like investment characteristics rather than necessarily holding every constituent.

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

Why people hold it

  • IAT Narrow by design: roughly 30 U.S. regional bank stocks, not a broad-financials grab bag.
  • Launched in 2006, so it has traded through multiple bank-stress cycles rather than arriving after one.
  • Pays quarterly and tracks a published benchmark, the Dow Jones U.S. Select Regional Banks Index, so the mandate is easy to check.ishares.com
  • PBEU 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

  • IAT The 0.37% fee sits a notch above the going rate in bank ETFs; peers KBE, KBWB and KRE each list 0.35%.
  • One sector, one country, about 30 names. Rate swings and credit scares land here with nothing else in the basket to absorb them.
  • It samples the index rather than holding every constituent, so results can drift from the benchmark.ishares.com
  • PBEU 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.

Full IAT profile⁠

Full PBEU profile⁠

IAT vs PBEU Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IAT vs PBEU Cost

Overpaying IAT vs PBEU

$4,787

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

  • IAT 0.37%

    $7,513

  • PBEU 0.13%

    $2,726

$10,000
30 years

Cost over time

  • IAT 0.37%
  • PBEU 0.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530IAT $7,513PBEU $2,726

Year by year

YearIATPBEUOverpaying
10$670$238$432
20$2,590$930$1,660
30$7,513$2,726$4,787

Expense ratio

  • 0.37%IAT
  • 0.13%PBEU, cheaper
  • Middle half of Banks funds
  • Median 0.35%

PBEU cheapest of 9 funds

IAT 7th cheapest of 9 funds

IAT vs PBEU Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
IAT 2.69%
PBEU No data
Payout (12M)
IAT $1.64
PBEU No data
Last payment
IAT $0.42
PBEU $0.0026
Ex-dividend
IAT Sep 15, 2026
PBEU Dec 24, 2025
Paid on
IAT Sep 18, 2026
PBEU Dec 26, 2025
Frequency
IAT Quarterly
PBEU Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

IATQuarterly · 39 paymentsAll IAT payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.12; Jun 27, 2017 $0.18; Sep 26, 2017 $0.21; Dec 19, 2017 $0.26; Mar 22, 2018 $0.15; Jun 26, 2018 $0.22; Sep 26, 2018 $0.26; Dec 17, 2018 $0.36; Mar 20, 2019 $0.21; Jun 17, 2019 $0.29; Sep 24, 2019 $0.35; Dec 16, 2019 $0.41; Mar 25, 2020 $0.27; Jun 15, 2020 $0.28; Sep 23, 2020 $0.37; Dec 14, 2020 $0.38; Mar 25, 2021 $0.18; Jun 10, 2021 $0.25; Sep 24, 2021 $0.33; Dec 13, 2021 $0.40; Mar 24, 2022 $0.25; Jun 9, 2022 $0.34; Sep 26, 2022 $0.43; Dec 13, 2022 $0.46; Mar 23, 2023 $0.20; Jun 7, 2023 $0.31; Sep 26, 2023 $0.50; Dec 20, 2023 $0.48; Mar 21, 2024 $0.30; Jun 11, 2024 $0.34; Sep 25, 2024 $0.44; Dec 17, 2024 $0.40; Mar 18, 2025 $0.26; Jun 16, 2025 $0.38; Sep 16, 2025 $0.40; Dec 16, 2025 $0.58; Mar 17, 2026 $0.26; Jun 15, 2026 $0.38; Sep 15, 2026 $0.42. Use the arrow keys to read each point.$0$0.502017202020232026YTD
PBEUIrregular · 1 paymentAll PBEU payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Dec 24, 2025 $0.0026. Use the arrow keys to read each point.$0$0.502017202020232026YTD

IAT vs PBEU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IAT 24.0%PBEU No data
Return per unit of riskSharpe ratio, 3 years
IAT 0.95PBEU No data
Worst fallMax drawdown, 5 years
IAT −55.5%PBEU No data
Market sensitivityBeta, 5 years
IAT 1.23PBEU 0.88

IAT and PBEU in the news

All news⁠

Popular comparisons

  • IATDvsKREB

    iShares U.S. Regional Banks ETF · State Street SPDR S&P Regional Banking ETF

    Expense ratio
    0.37% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PBEUCvsKREB

    Portfolio Building Block European Banks Index ETF · State Street SPDR S&P Regional Banking ETF

    Expense ratio
    0.13% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IATDvsKBEB

    iShares U.S. Regional Banks ETF · State Street SPDR S&P Bank ETF

    Expense ratio
    0.37% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PBEUCvsKBEB

    Portfolio Building Block European Banks Index ETF · State Street SPDR S&P Bank ETF

    Expense ratio
    0.13% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IATDvsKBWBB

    iShares U.S. Regional Banks ETF · Invesco KBW Bank ETF

    Expense ratio
    0.37% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PBEUCvsKBWBB

    Portfolio Building Block European Banks Index ETF · Invesco KBW Bank ETF

    Expense ratio
    0.13% · 0.35%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.