DSI vs. PABD

Last updated Jun 16, 2026

DSI (iShares MSCI KLD 400 Social ETF) and PABD (iShares Paris-Aligned Climate MSCI World Ex USA ETF) are both exchange-traded funds - DSI is a Large Cap Growth Equities fund tracking the MSCI KLD 400 Social Index, while PABD is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net. Both are passively managed. Over the past year, DSI returned 29.36% vs 20.80% for PABD. A 0.68 correlation means they provide meaningful diversification when combined. DSI charges 0.25%/yr vs 0.12%/yr for PABD.

Performance

DSI vs. PABD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI KLD 400 Social ETF (DSI) and iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSI achieves a 11.83% return, which is significantly higher than PABD's 8.37% return.

DSI

• 1D: 1.78%
• 1M: 2.10%
• YTD: 11.83%
• 6M: 12.35%
• 1Y: 29.36%
• 3Y*: 20.81%
• 5Y*: 13.33%
• 10Y*: 15.60%

PABD

• 1D: 0.75%
• 1M: 4.79%
• YTD: 8.37%
• 6M: 9.38%
• 1Y: 20.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DSI vs. PABD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DSI iShares MSCI KLD 400 Social ETF	11.83%	18.03%	21.62%
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF	8.37%	30.06%	5.32%

Correlation

The correlation between DSI and PABD is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024	0.68

The correlation between DSI and PABD has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

DSI vs. PABD - Sectors Allocation Comparison

Sectors	DSI	PABD
Technology	43.1%	13.9%
Communication Services	12.8%	3.3%
Financial Services	10.1%	29.2%
Industrials	8.0%	15.9%
Consumer Cyclical	8.0%	4.6%
Healthcare	7.0%	11.8%
Consumer Defensive	4.0%	4.8%
Real Estate	2.6%	6.1%
Basic Materials	2.2%	5.0%
Energy	1.5%	0.2%
Utilities	0.9%	4.6%

Return for Risk

DSI vs. PABD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DSI

DSI Risk / Return Rank: 68
DSI Sharpe Ratio Rank: 74
DSI Sortino Ratio Rank: 72
DSI Omega Ratio Rank: 73
DSI Calmar Ratio Rank: 58
DSI Martin Ratio Rank: 66

PABD

PABD Risk / Return Rank: 38
PABD Sharpe Ratio Rank: 39
PABD Sortino Ratio Rank: 39
PABD Omega Ratio Rank: 37
PABD Calmar Ratio Rank: 35
PABD Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DSI vs. PABD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI KLD 400 Social ETF (DSI) 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.

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.

	DSI	PABD	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.31	+0.86
Sortino ratio: Return per unit of downside risk	2.93	1.91	+1.02
Omega ratio: Gain probability vs. loss probability	1.39	1.23	+0.15
Calmar ratio: Return relative to maximum drawdown	2.67	1.66	+1.00
Martin ratio: Return relative to average drawdown	11.05	6.21	+4.84

DSI vs. PABD - Sharpe Ratio Comparison

The current DSI Sharpe Ratio is 2.17, which is higher than the PABD Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of DSI and PABD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DSI vs. PABD - Drawdown Comparison

The maximum DSI drawdown since its inception was -54.23%, which is greater than PABD's maximum drawdown of -13.37%. Use the drawdown chart below to compare losses from any high point for DSI and PABD.

Drawdown Indicators

	DSI	PABD	Difference
Max Drawdown Largest peak-to-trough decline	-54.23%	-13.37%	-40.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-12.55%	+1.50%
Max Drawdown (3Y) Largest decline over 3 years	-20.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.10%	—	—
Current Drawdown Current decline from peak	-0.51%	-0.02%	-0.49%
Average Drawdown Average peak-to-trough decline	-7.51%	-2.62%	-4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	3.36%	-0.70%

Volatility

DSI vs. PABD - Volatility Comparison

iShares MSCI KLD 400 Social ETF (DSI) and iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) have volatilities of 5.40% and 5.54%, 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.

Volatility by Period

	DSI	PABD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.40%	5.54%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	13.57%	-2.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.65%	16.00%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	15.66%	+2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	15.66%	+3.10%

DSI vs. PABD - Expense Ratio Comparison

DSI has a 0.25% 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%.

Dividends

DSI vs. PABD - Dividend Comparison

DSI's dividend yield for the trailing twelve months is around 1.04%, less than PABD's 4.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSI iShares MSCI KLD 400 Social ETF	1.04%	0.92%	1.03%	1.19%	1.39%	0.99%	1.22%	1.40%	1.63%	1.28%	1.51%	1.46%
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF	4.03%	2.74%	2.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DSI and PABD in my portfolio?

DSI and PABD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSI or PABD?

PABD has higher volatility (5.54%) compared to DSI (5.40%). In terms of maximum drawdown, DSI dropped -54.23% vs PABD's -13.37%.

Which ETF is better, DSI or PABD?

On 1-year performance, DSI leads with 29.36% vs 20.80% for PABD. On fees, PABD is cheaper at 0.12% per year. On volatility, DSI has been the lower-risk option at 5.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DSI or PABD?

Over the 1-year period, DSI has performed better with a 29.36% return vs 20.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSI or PABD?

PABD is cheaper with a 0.12% expense ratio, compared with 0.25% for DSI.

Which ETF pays a higher dividend yield, DSI or PABD?

PABD has the higher dividend yield at 4.03%, compared with 1.04% for DSI.

What is the main difference between DSI and PABD?

DSI is categorized as Large Cap Growth Equities, while PABD is Foreign Large Cap Equities. DSI tracks MSCI KLD 400 Social Index, while PABD tracks MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net. Their fees differ too: 0.25% for DSI and 0.12% for PABD.

Which has better risk-adjusted returns?

DSI currently has the higher Sharpe Ratio (2.17 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.