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PBEU vs QABA

Portfolio Building Block European Banks Index ETF

PBEUCNasdaq

First Trust NASDAQ ABA Community Bank Index Fund

QABADNasdaq

Overlap

Expense ratio

PBEU −0.47pt a year

PBEU0.13%QABA0.60%

Avg volume · 30D

PBEU 13.9×the volume

PBEU121KQABA8.73K

PBEU vs QABA Performance

Dec 31, 2025 – Oct 30, 2026

+5.6%PBEU+19.2%QABA

Dec 31, 2025 to Oct 30, 2026. PBEU +5.6%. QABA +19.2%. Use the arrow keys to read each point.−5%0%10%15%25%Dec 2025Jun 2026Oct 2026
Expense ratio
PBEU 0.13%, better
QABA 0.60%
Fund size
PBEU $416M
QABA $86M
1Y total return
PBEU No data
QABA +27.3%
Yield (12M)
PBEU No data
QABA 2.32%
Holdings
PBEU 60
QABA 160
Avg volume (30D)
PBEU 121K sh, better
QABA 8.73K sh
NAV per share
PBEU $30.94
QABA $66.47
52W range

ETF.net Grade

PBEU: Cost 93, Risk 17, Mission not scored, Tradability 30, Holdings 20, Durability 42. QABA: Cost 13, Risk 60, Mission not scored, Tradability 34, Holdings 76, Durability 51.
Pillar letters and Scores for PBEU, QABA, with each pillar’s weight
PillarPBEUQABA
Cost30% weightA93HigherF13
Mission25% weightNot scoredNot scored
Risk15% weightF17B60Higher
Tradability15% weightD30D34Higher
Holdings10% weightF20A76Higher
Durability5% weightC42C51Higher

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. PBEU and QABA 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 QABA 7th 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 7DQABAFirst Trust NASDAQ ABA Community Bank Index FundScore 37
  5. Rank 8DFTXOFirst Trust Nasdaq Bank ETFScore 36

Our read on each fund

ETF.net Research

PBEUCPortfolio Building Block European Banks Index ETF

QABADFirst Trust NASDAQ ABA Community Bank Index Fund

In short

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.

QABA The bank ETF that starts by deleting the biggest banks. QABA tracks a Nasdaq index of community banks and thrifts that drops the 50 largest by assets, plus credit-card and international specialists. Main Street lenders, not money centers.

Stated mandate

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

QABA The Fund seeks to track, before fees and expenses, the price and yield of the Nasdaq OMX® ABA Community BankTM Index.

Why people hold it

  • 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.
  • QABA Built as a pure community-bank screen: Nasdaq-listed banks and thrifts, minus the 50 largest by FDIC asset size and any credit-card or international specialists.ftportfolios.com
  • Trading since 2009 on an index co-developed with the American Bankers Association, rebalanced quarterly and market-cap weighted with issuer caps.ftportfolios.com
  • Spreads across roughly 160 small lenders, so the portfolio leans on community banking economics rather than one or two regional names.

Worth knowing

  • 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.
  • QABA Costs 0.60% net of a waiver through April 30, 2027 (0.63% gross), above the category median and above KRE, KBE and KBWB at 0.35%.
  • Nasdaq-listed only. Community banks trading on other exchanges fall outside the index by design.ftportfolios.com
  • Thinner trading than the big regional-bank funds, which can show up as wider bid-ask spreads.

Full PBEU profile⁠

Full QABA profile⁠

PBEU vs QABA 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.

PBEU vs QABA Cost

Overpaying QABA vs PBEU

$9,091

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

  • PBEU 0.13%

    $2,726

  • QABA 0.60%

    $11,817

$10,000
30 years

Cost over time

  • PBEU 0.13%
  • QABA 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530QABA $11,817PBEU $2,726

Year by year

YearPBEUQABAOverpaying
10$238$1,076$838
20$930$4,116$3,186
30$2,726$11,817$9,091

Expense ratio

  • 0.13%PBEU, cheaper
  • 0.60%QABA
  • Middle half of Banks funds
  • Median 0.35%

PBEU cheapest of 9 funds

QABA 8th cheapest of 9 funds

PBEU vs QABA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PBEU No data
QABA 2.32%
Payout (12M)
PBEU No data
QABA $1.54
Last payment
PBEU $0.0026
QABA $0.36
Ex-dividend
PBEU Dec 24, 2025
QABA Sep 24, 2026
Paid on
PBEU Dec 26, 2025
QABA Sep 30, 2026
Frequency
PBEU Irregular
QABA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

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
QABAQuarterly · 39 paymentsAll QABA payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.13; Jun 22, 2017 $0.18; Sep 21, 2017 $0.19; Dec 21, 2017 $0.25; Mar 22, 2018 $0.14; Jun 21, 2018 $0.17; Sep 14, 2018 $0.16; Dec 18, 2018 $0.35; Mar 21, 2019 $0.18; Jun 14, 2019 $0.22; Sep 25, 2019 $0.34; Dec 13, 2019 $0.26; Mar 26, 2020 $0.27; Jun 25, 2020 $0.33; Sep 24, 2020 $0.26; Dec 24, 2020 $0.29; Mar 25, 2021 $0.21; Jun 24, 2021 $0.22; Sep 23, 2021 $0.24; Dec 23, 2021 $0.32; Mar 25, 2022 $0.27; Jun 24, 2022 $0.27; Sep 23, 2022 $0.29; Dec 23, 2022 $0.28; Mar 24, 2023 $0.35; Jun 27, 2023 $0.34; Sep 22, 2023 $0.31; Dec 22, 2023 $0.36; Mar 21, 2024 $0.27; Jun 27, 2024 $0.43; Sep 26, 2024 $0.28; Dec 13, 2024 $0.34; Mar 27, 2025 $0.31; Jun 26, 2025 $0.28; Sep 25, 2025 $0.35; Dec 12, 2025 $0.49; Mar 26, 2026 $0.34; Jun 25, 2026 $0.35; Sep 24, 2026 $0.36. Use the arrow keys to read each point.$0$0.502017202020232026YTD

PBEU vs QABA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PBEU No dataQABA 22.9%
Return per unit of riskSharpe ratio, 3 years
PBEU No dataQABA 0.83
Worst fallMax drawdown, 5 years
PBEU No dataQABA −43.0%
Market sensitivityBeta, 5 years
PBEU 0.88QABA 0.98

PBEU and QABA in the news

All news⁠

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