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PBEU
Passive ETF

Portfolio Building Block European Banks Index ETF

This ETF provides exposure to Large and Mid-Cap European Banks Equities Read more

Passive ETF
Last update 3/12/2026 at 1:30 PM
Live
Closed
This fund is part of
Europe Blended Cap
-0.17%
Last Price
$27.11
% Change
-3.94%
1W flows
+$118M
1m flows
+$406M
AuM
$439M
E/R
0.13%
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Trading data

Last sale
3/12/2026 at 1:30 PM
$27.11
Previous close
$28.22
Consolidated volume
03/11/2026
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Average volume
30 days
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Average discount or premium
30 days
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Average Bid/Ask spread
30 days
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PBEU performance and flow charts

Performance

-12.0-10.0-8.0-6.0-4.0-2.00.0%Feb 10Feb 18Feb 25Mar 4

Flows

0 M100 M200 M300 M400 M

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

Historic performance and flows

Data as of March 10, 2026
1M3MYTD1Y3Y5Y
Perf.-8.11%+4.50%-1.47%
Flows+$406M+$454M+$454M---
Data as of March 10, 2026

Volatility and drawdown

3M1Y3Y5Y
Volatility+28.02%
Max drawdown
-13.43%
Max drawdown duration
35dN/AN/AN/A
Time to recover
N/AN/AN/AN/A

Replication quality

Data as of February 27, 2026
1-year trailing difference

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Tracking error
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Tracking difference
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1 year cumulative return difference
Best
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Worst
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daily return difference
Average
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Worst
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Exposure

Data as of January 31, 2026

Countries

United Kingdom
29.31%
Spain
19.91%
Italy
14.4%
France
9.6%
Sweden
7.69%
Other
19.09%

Sectors

Financials
91.98%
Other
8.02%

Diversification

Total weight of top 15 holdings out of 48

75.76%

Top 15 Holdings

HSBC HOLDINGS
14.42%
BANCO SANTANDER SA
8.99%
BBVA
6.93%
UNICREDIT SPA
5.92%
BNP PARIBAS
5.13%
INTESA SANPAOLO
4.68%
BARCLAYS
4.46%
ING GROEP
4.29%
LLOYDS TSB GRP
4.25%
GB00BM8PJY71
3.53%
SOCIETE GENERALE
3.26%
SE0000427361
3.13%
STANDARD CHARTERED PLC
2.41%
CAIXABANK SA
2.36%
ERSTE GRP BANK
1.99%

Characteristics

The Portfolio Building Block European Banks Index ETF is built to track the BITA European Banks GTR Index - USD. This ETF provides physical exposure - by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly).

This share class generates a stream of income by distributing dividends.

Management strategyPassive
ProviderTidal
N° of holdings48
Replication methodDirect (Physical)
Asset class-
Dividend policyDistributing
Inception dateNovember 24, 2025
ESGNo

The ETF Institute® is now affiliated with ETF Central

The CETF certification is the only FINRA listed professional designation focused on ETFs.

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Frequently asked questions about PBEU

What type of ETF is PBEU?

PBEU is a Passive ETF that provides exposure to Equity assets. It is managed by Tidal.

What index does PBEU track?

PBEU tracks the BITA European Banks GTR Index - USD, aiming to replicate its performance through full replication.

What does PBEU invest in?

This ETF provides exposure to Large and Mid-Cap European Banks Equities. It is part of the segment: Europe Blended Cap.

What is the expense ratio of PBEU?

The total expense ratio (TER) of PBEU is 0.13%, representing the annual fee charged by the fund manager.

When was PBEU launched?

PBEU was launched on November 24, 2025, marking its entry into the ETF market.

Who is the issuer of PBEU?

PBEU is issued by Tidal.

What is the AUM of PBEU?

As of March 10, 2026, PBEU manages $438.94 M, reflecting the total assets held in the fund.

How has PBEU performed recently?

As of March 10, 2026, PBEU delivered a return of -8.11% over the past month (1M performance), 4.5% over the past three months (3M), and -1.47% year-to-date (YTD).

What are the recent fund flows for PBEU?

As of March 10, 2026, PBEU has seen net flows of +$406M in the past month (1M flow) and +$454M year-to-date (YTD).

How many holdings are in PBEU

As of January 31, 2026, PBEU holds 48 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.

How diversified is PBEU?

As of January 31, 2026, PBEU holds 48 securities, with 75.76% of its assets concentrated in its top 15 holdings.

What are the top holdings of PBEU?

As of January 31, 2026, PBEU holds a portfolio of 48 underlyings, with its largest positions including HSBC HOLDINGS, BANCO SANTANDER SA and BBVA. These top holdings play a significant role in shaping the fund’s performance and exposure.

What countries or regions does PBEU invest in?

As of January 31, 2026, PBEU has its largest geographic exposures in United Kingdom, Spain and Italy.

What sectors or themes does PBEU focus on?

As of January 31, 2026, PBEU is primarily exposed to Financials.

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