- Issuer
- iShares
- Inception Date
- Jan 17, 2024
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $330M
Highlights
- Avg. Volume (1M)
- 759
- Avg. Volume Value (1M)
- $52.17K
Share Price Chart
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Performance
PABD Performance Chart
iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) is up 9.0% since the beginning of the year. PABD is currently trading at $70 per share.
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Returns By Period
iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) has returned 9.04% so far this year and 22.20% over the past 12 months.
iShares Paris-Aligned Climate MSCI World Ex USA ETF
- 1D
- -0.66%
- 1M
- 0.29%
- 6M
- 5.06%
- YTD
- 9.04%
- 1Y
- 22.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.19%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
PABD Monthly Returns History
Based on dividend-adjusted daily data since Jan 19, 2024, PABD's average daily return is +0.07%, while the average monthly return is +1.36%. At this rate, an investment would double in approximately 4.3 years.
Historically, 77% of months were positive and 23% were negative. The best month was Apr 2026 with a return of +7.8%, while the worst month was Mar 2026 at -10.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PABD closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +6.9%, while the worst single day was Apr 4, 2025 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.79% | 4.43% | -10.25% | 7.76% | 2.25% | 1.39% | 0.35% | 9.04% | |||||
| 2025 | 4.27% | 2.40% | -0.65% | 4.83% | 4.67% | 2.64% | -2.56% | 4.47% | 2.38% | 0.85% | 0.56% | 2.99% | 30.06% |
| 2024 | 1.33% | 2.96% | 2.10% | -3.80% | 2.51% | 0.89% | 3.56% | 3.13% | 1.85% | -5.08% | -0.49% | -3.26% | 5.32% |
Benchmark Metrics
iShares Paris-Aligned Climate MSCI World Ex USA ETF has an annualized alpha of 3.00%, beta of 0.75, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since January 19, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (65.92%) than losses (36.28%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.00% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.00%
- Beta
- 0.75
- R²
- 0.55
- Upside Capture
- 65.92%
- Downside Capture
- 36.28%
Expense Ratio
PABD has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
PABD ranks 53 for risk / return — above 53% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PABD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.00 | -0.26 |
| Martin ratioReturn relative to average drawdown | 6.57 | 8.49 | -1.92 |
Dividends
Dividend History
iShares Paris-Aligned Climate MSCI World Ex USA ETF provided a 2.99% dividend yield over the last twelve months, with an annual payout of $2.08 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.08 | $1.77 | $1.47 |
Dividend yield | 2.99% | 2.74% | 2.87% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Paris-Aligned Climate MSCI World Ex USA ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 | $0.00 | $1.01 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.77 |
| 2024 | $0.71 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $1.47 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Paris-Aligned Climate MSCI World Ex USA ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Paris-Aligned Climate MSCI World Ex USA ETF was 13.37%, occurring on Apr 8, 2025. Recovery took 13 trading sessions.
The current iShares Paris-Aligned Climate MSCI World Ex USA ETF drawdown is 0.66%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.37%Apr 2025 | 6mo 13d | 20d | 7mo 3dSep 2024 - Apr 2025 | 2025 selloff2025 |
-12.55%Mar 2026 | 28d | 2mo 21d | 3mo 19dFeb 2026 - Jun 2026 | — |
-6.94%Aug 2024 | 21d | 14d | 1mo 5dJul 2024 - Aug 2024 | — |
-5.59%Nov 2025 | 7d | 21d | 28dNov 2025 - Dec 2025 | — |
-5.39%Apr 2024 | 29d | 21d | 1mo 20dMar 2024 - May 2024 | — |
Drawdown Indicators
| PABD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.37% | -56.78% | +43.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -9.10% | -3.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.66% | -1.58% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -10.70% | +8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.14% | +1.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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