PBEU
Portfolio Building Block European Banks Index ETF
The Portfolio Building Block European Banks Index ETF aims to provide investors with exposure to a diversified portfolio of European bank stocks, seeking to track the performance of a specific index that represents the banking sector across Europe.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 431.1 M
ASSETS UNDER MGMT
13 bp
EXPENSES
Fund Basics
| Inception date | Nov 25, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| HSBC HOLDINGS PLC | 14.2 % |
| BANCO SANTANDER SA | 8.5 % |
| BANCO BILBAO VIZCAYA ARGENTA | 6.7 % |
| UNICREDIT S.P.A. | 5.3 % |
| BNP PARIBAS | 4.9 % |
| ING GROEP NV | 4.6 % |
| INTESA SANPAOLO S.P.A. | 4.4 % |
| LLOYDS BANKING GROUP PLC | 3.9 % |
| BARCLAYS PLC | 3.7 % |
| NORDEA BANK ABP | 3.2 % |
Constituent Breakdown
| Number of holdings | 58 |
| Herfindahl-Hirschman Index | 538 |
| Wgt avg mkt cap (mns) | $131,603 |
| Large cap (>$10bn) | 94.7% |
| Mid cap ($2-10bn) | 2.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.5% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
BRITAIN | 27.3 % |
 |
SPAIN | 19.6 % |
 |
ITALY | 13.4 % |
 |
FRANCE | 8.7 % |
 |
SWEDEN | 5.0 % |
 |
NETHERLANDS | 4.6 % |
 |
AUSTRIA | 3.3 % |
 |
FINLAND | 3.2 % |
 |
DENMARK | 3.0 % |
 |
GERMANY | 2.2 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 18.7% | -- | -- | -- | -- | -- | -- | 32.4% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | 18.7% | -- | -- | -- | -- | -- | -- | 32.4% | Ann. Volatility | 26.7% | -- | -- | -- | -- | -- | -- | 25.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 42 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.26% |
Technical Indicators
| 30d moving avg. (EMA) | $32.25 |
| Relative strength (RSI) | 36 |
| MACD/Signal | -0.88/-0.88 |
| Bollinger Bands (Upper/Lower) | $33.04/$30.16 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PBEU |
Expenses vs. PBEU |
ALTAR Score™ vs. PBEU |
|---|---|---|---|---|
| EUFN | iShares MSCI Europe Financials ETF | 44.0% | +36 bp | +0.1% |
| EWP | iShares MSCI Spain ETF | 19.3% | +37 bp | -1.4% |
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | 17.8% | +67 bp | -0.7% |
| FLGB | Franklin FTSE United Kingdom ETF | 17.1% | -4 bp | +0.2% |
| IDV | iShares International Select Dividend ETF | 15.7% | +37 bp | +2.0% |
| FEZ | SPDR EURO STOXX 50 ETF | 15.0% | +16 bp | -1.4% |
| DTH | WisdomTree International High Dividend Fund | 15.0% | +45 bp | -0.3% |
| EZU | iShares MSCI Eurozone ETF | 14.5% | +37 bp | -1.7% |
| HEZU | iShares Currency Hedged MSCI Eurozone ETF | 14.1% | +99 bp | -2.3% |
| DWMF | WisdomTree International Multifactor Fund | 13.7% | +25 bp | -0.9% |
Risk and Returns: PBEU vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.2%
ALTAR SCORE™
83rd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 421 funds in the International Equity category with an average
ALTAR Score™ of 6.7% and a standard deviation
of 1.6%. PBEU's ALTAR Score™ is approximately 1.0 standard
deviations above the category average. This places PBEU in the 83rd percentile
among funds in the category.
Sell-Side Consensus
$37.42
PRICE TARGET
+18.3%
UPSIDE