Correlation
The correlation between CVIE and PABD is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
CVIE vs. PABD
Compare and contrast key facts about Calvert International Responsible Index ETF (CVIE) and iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD).
CVIE and PABD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVIE is a passively managed fund by Calvert that tracks the performance of the Calvert International Responsible Index. It was launched on Jan 30, 2023. PABD is a passively managed fund by iShares that tracks the performance of the MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net. It was launched on Jan 17, 2024. Both CVIE and PABD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVIE or PABD.
Performance
CVIE vs. PABD - Performance Comparison
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Key characteristics
CVIE:
0.85
PABD:
1.07
CVIE:
1.43
PABD:
1.50
CVIE:
1.19
PABD:
1.20
CVIE:
1.22
PABD:
1.25
CVIE:
3.86
PABD:
3.50
CVIE:
4.26%
PABD:
4.78%
CVIE:
17.47%
PABD:
16.81%
CVIE:
-13.52%
PABD:
-13.37%
CVIE:
0.00%
PABD:
0.00%
Returns By Period
In the year-to-date period, CVIE achieves a 16.51% return, which is significantly lower than PABD's 17.58% return.
CVIE
16.51%
4.22%
12.62%
14.74%
N/A
N/A
N/A
PABD
17.58%
4.10%
13.62%
17.90%
N/A
N/A
N/A
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CVIE vs. PABD - Expense Ratio Comparison
CVIE has a 0.18% expense ratio, which is higher than PABD's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CVIE vs. PABD — Risk-Adjusted Performance Rank
CVIE
PABD
CVIE vs. PABD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert International Responsible Index ETF (CVIE) and iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
CVIE vs. PABD - Dividend Comparison
CVIE's dividend yield for the trailing twelve months is around 2.50%, more than PABD's 2.44% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CVIE Calvert International Responsible Index ETF | 2.50% | 2.78% | 1.96% |
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 2.44% | 2.87% | 0.00% |
Drawdowns
CVIE vs. PABD - Drawdown Comparison
The maximum CVIE drawdown since its inception was -13.52%, roughly equal to the maximum PABD drawdown of -13.37%. Use the drawdown chart below to compare losses from any high point for CVIE and PABD.
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Volatility
CVIE vs. PABD - Volatility Comparison
Calvert International Responsible Index ETF (CVIE) and iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) have volatilities of 3.05% and 3.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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