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PBEUvsEWLETF Comparison

ETF 1

PBEU

Portfolio Building Block European Banks Index ETF

This fund is part of

Europe Blended Cap

+0.72%

Full PBEU fund page

VS

ETF 2

EWL

iShares MSCI Switzerland ETF

This fund is part of

Europe Blended Cap

+0.72%

Full EWL fund page

Portfolio Building Block European Banks Index ETF (PBEU) and iShares MSCI Switzerland ETF (EWL) belong to the same industry segment: Europe Blended Cap. PBEU's top 1 sector exposures are Finance. In contrast, EWL's top sector exposures are Healthcare, Finance and Consumer Non-Cyclicals. PBEU is less expensive with a Total Expense Ratio (TER) of 0.13%, versus 0.5% for EWL. PBEU is up 25.58% year-to-date (YTD) with +$362M in YTD flows. EWL performs worse with 2.44% YTD performance, and +$784M in YTD flows. Run a side-by-side ETF comparison of PBEU and EWL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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PBEU vs EWL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PBEU EWL	+1.20%-5.88%	+20.20%-2.00%	+25.58%+2.44%	n/a+9.27%	n/a+41.01%	n/a+34.98%
Flows	PBEU EWL	+$713K+$222M	-$156M+$520M	+$362M+$784M	-+$899M	-+$781M	-+$563M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PBEU EWL	+20.81%+14.17%	n/a+15.56%	n/a+14.87%	n/a+16.03%
Max drawdown	PBEU EWL	-3.49%-6.69%	n/a-13.49%	n/a-13.56%	n/a-28.82%
Max drawdown duration	PBEU EWL	9d17d	n/a156d	n/a185d	n/a925d

Trading data

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	PBEU	EWL
Last sale 9/11/2026 at 1:30 PM	$36.14	$60.30
Previous close 09/11/2026	$35.55	$60.30
Consolidated volume 09/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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	PBEU	EWL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/11/2026 at 1:30 PM

Live

Closed

	PBEU	EWL
Last price	$36.14	$60.30
1D performance	+1.66%	+0.00%
AuM	$472.01 M	$2.31 B
E/R	0.13%	0.5%

Characteristics

	PBEU	EWL
Management strategy	Passive	Passive
Provider	Tidal	iShares
Benchmark	BITA European Banks Index	MSCI Switzerland 25/50 Index
N° of holdings	53	38
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	November 24, 2025	March 12, 1996
ESG	No	No

More PBEU data on Trackinsight

More EWL data on Trackinsight

Exposure

Countries

PBEU

United Kingdom

29.14%

Spain

19.87%

Italy

14.96%

France

9.76%

Other

26.27%

EWL

Switzerland

98.78%

Other

1.22%

Sectors

PBEU

Finance

99.49%

Other

0.51%

EWL

Healthcare

37.22%

Finance

18.96%

Consumer Non-Cycl.

14.24%

Industrials

8.82%

Non-Energy Materi.

8.69%

Other

12.06%

Diversification

PBEU

Total weight of top 15 holdings out of 15

74.79%

EWL

Total weight of top 15 holdings out of 15

76.05%

Top 15 holdings

Data as of July 31, 2026

PBEU

HSBC Holdings Plc

15.89%

Banco Santander SA

8.98%

Banco Bilbao Vizcaya Argentaria SA

6.85%

BNP Paribas SA

5.54%

UniCredit SpA

5.53%

Intesa Sanpaolo SpA

4.47%

ING Groep NV

4.44%

Lloyds Banking Group Plc

4.11%

Barclays PLC

3.85%

Société Générale SA

3.02%

Nordea Bank Abp

2.98%

CaixaBank SA

2.45%

NatWest Group Plc

2.43%

Standard Chartered Plc

2.36%

Commerzbank AG

1.89%

EWL

Roche Holding AG

13.55%

Novartis AG

12.60%

Nestlé SA

11.47%

ABB Ltd.

5.66%

Compagnie Financière Richemont SA

5.13%

UBS Group AG

4.89%

Zurich Insurance Group AG

4.46%

Lonza Group AG

2.70%

Swiss Re AG

2.67%

Holcim Ltd.

2.57%

Galderma Group AG

2.32%

Givaudan SA

2.12%

Sika AG

1.98%

Alcon AG

1.96%

Sandoz Group AG

1.95%

Frequently asked questions about PBEU and EWL

How have the PBEU and EWL ETFs performed in 2026?

As of September 11, 2026, PBEU is up 25.58% year-to-date (YTD), while EWL has returned 2.44%. That puts PBEU better performer ahead so far this year.

Which ETF is attracting more investor money: PBEU or EWL?

Year-to-date, the PBEU ETF saw +$362M in flows, compared to +$784M for EWL.

Which ETF is bigger: PBEU or EWL?

As of September 11, 2026, PBEU holds $472.01 M in assets under management (AUM), while EWL manages $2.31 B.

What sectors do the PBEU and EWL ETFs invest in?

PBEU leans toward sectors like Finance. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

What are the top holdings of the PBEU ETF and EWL ETF?

PBEU top holdings include HSBC Holdings Plc, Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: PBEU or EWL?

PBEU holds 53 securities with 74.79% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 76.05%.

There’s an ETF for That? Switzerland

May 1, 2025

EWL

PBEUvsEWLETF Comparison

Portfolio Building Block European Banks Index ETF

iShares MSCI Switzerland ETF

PBEU vs EWL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PBEU and EWL ETFs performed in 2026?

As of September 11, 2026, PBEU is up 25.58% year-to-date (YTD), while EWL has returned 2.44%. That puts PBEU better performer ahead so far this year.

Which ETF is attracting more investor money: PBEU or EWL?

Year-to-date, the PBEU ETF saw +$362M in flows, compared to +$784M for EWL.

Which ETF is bigger: PBEU or EWL?

As of September 11, 2026, PBEU holds $472.01 M in assets under management (AUM), while EWL manages $2.31 B.

What sectors do the PBEU and EWL ETFs invest in?

PBEU leans toward sectors like Finance. Meanwhile, EWL focuses on Healthcare, Finance and Consumer Non-Cyclicals.

What are the top holdings of the PBEU ETF and EWL ETF?

PBEU top holdings include HSBC Holdings Plc, Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA. EWL holds in its top three: Roche Holding AG, Novartis AG and Nestlé SA.

Which ETF is more diversified: PBEU or EWL?

PBEU holds 53 securities with 74.79% of its assets in the top 15. EWL has 41 securities and a top 15 weight of 76.05%.

There’s an ETF for That? Switzerland

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