- ISIN
- US46436E4118
- Issuer
- iShares
- Inception Date
- Feb 8, 2022
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities, ESG
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI USA Climate Paris Aligned Benchmark Extended Select PAB Index (USD)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
PABU Performance Chart
iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) is up 4.3% since the beginning of the year. PABU is currently trading at $76 per share.
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Returns By Period
iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) has returned 4.30% so far this year and 18.73% over the past 12 months.
iShares Paris-Aligned Climate Optimized MSCI USA ETF
- 1D
- -0.85%
- 1M
- -2.15%
- YTD
- 4.30%
- 6M
- 3.73%
- 1Y
- 18.73%
- 3Y*
- 17.67%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PABU Monthly Returns History
Based on dividend-adjusted daily data since Feb 11, 2022, PABU's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2026 with a return of +11.5%, while the worst month was Apr 2022 at -9.9%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PABU closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +10.1%, while the worst single day was Apr 4, 2025 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.96% | -2.87% | -4.28% | 11.53% | 7.11% | -4.21% | 4.30% | ||||||
| 2025 | 1.25% | -2.53% | -6.48% | -0.08% | 7.27% | 4.34% | 1.90% | 1.53% | 4.12% | 2.92% | -1.01% | -0.17% | 13.08% |
| 2024 | 1.18% | 5.01% | 1.96% | -4.85% | 5.36% | 4.53% | 1.32% | 2.95% | 2.48% | -1.67% | 6.22% | -1.51% | 24.84% |
| 2023 | 7.33% | -1.94% | 4.15% | 1.04% | 1.61% | 6.78% | 2.87% | -1.31% | -5.81% | -2.78% | 10.53% | 4.87% | 29.51% |
| 2022 | 2.45% | -9.89% | -1.04% | -7.51% | 10.76% | -5.04% | -9.24% | 6.31% | 5.20% | -6.27% | -15.45% |
Benchmark Metrics
iShares Paris-Aligned Climate Optimized MSCI USA ETF has an annualized alpha of -1.15%, beta of 1.06, and R2 of 0.95 versus S&P 500 Index. Calculated based on daily prices since February 11, 2022.
- This ETF participated in 105.73% of S&P 500 Index downside but only 102.97% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.06 and R2 of 0.95, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.15%
- Beta
- 1.06
- R²
- 0.95
- Upside Capture
- 102.97%
- Downside Capture
- 105.73%
Expense Ratio
PABU has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
PABU ranks 35 for risk / return — below 35% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) 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.
| PABU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.78 | -1.38 |
| Martin ratioReturn relative to average drawdown | 4.73 | 12.44 | -7.71 |
Dividends
Dividend History
iShares Paris-Aligned Climate Optimized MSCI USA ETF provided a 0.94% dividend yield over the last twelve months, with an annual payout of $0.71 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.71 | $0.66 | $0.65 | $0.56 | $0.41 |
Dividend yield | 0.94% | 0.90% | 1.00% | 1.06% | 1.00% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Paris-Aligned Climate Optimized MSCI 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 | $0.14 | $0.00 | $0.00 | $0.16 | $0.30 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.25 | $0.66 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.21 | $0.65 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.56 |
| 2022 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.41 |
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 Optimized MSCI 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 Optimized MSCI USA ETF was 22.76%, occurring on Oct 14, 2022. Recovery took 185 trading sessions.
The current iShares Paris-Aligned Climate Optimized MSCI USA ETF drawdown is 5.88%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -22.76%Oct 2022 | 5mo 27d | 9mo 2d | 1y 2moApr 2022 - Jul 2023 |
2025 selloff2025 | -20.85%Apr 2025 | 3mo 27d | 2mo 26d | 6mo 23dDec 2024 - Jul 2025 |
2026 correction2026 | -13.40%Mar 2026 | 5mo 2d | 1mo 2d | 6mo 4dOct 2025 - May 2026 |
2023 correction2023 | -11.48%Oct 2023 | 3mo 9d | 1mo 5d | 4mo 14dJul 2023 - Dec 2023 |
2024 pullback2024 | -8.30%Aug 2024 | 19d | 18d | 1mo 7dJul 2024 - Aug 2024 |
Drawdown Indicators
| PABU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.76% | -56.78% | +34.02% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | -9.10% | -4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.85% | -18.90% | -1.95% |
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 | -5.88% | -1.80% | -4.08% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -10.71% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.03% | +1.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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