ESMV vs. PABD
Compare and contrast key facts about iShares ESG MSCI USA Min Vol Factor ETF (ESMV) and iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD).
ESMV and PABD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index - Benchmark TR Gross. It was launched on Nov 2, 2021. 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 ESMV 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: ESMV or PABD.
Correlation
The correlation between ESMV 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.
Performance
ESMV vs. PABD - Performance Comparison
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Key characteristics
ESMV:
0.75
PABD:
0.68
ESMV:
1.22
PABD:
1.15
ESMV:
1.17
PABD:
1.15
ESMV:
0.92
PABD:
0.92
ESMV:
3.25
PABD:
2.58
ESMV:
3.43%
PABD:
4.79%
ESMV:
13.45%
PABD:
16.93%
ESMV:
-19.77%
PABD:
-13.37%
ESMV:
-3.66%
PABD:
0.00%
Returns By Period
In the year-to-date period, ESMV achieves a 3.01% return, which is significantly lower than PABD's 13.16% return.
ESMV
3.01%
3.98%
-2.56%
9.98%
N/A
N/A
PABD
13.16%
9.06%
8.89%
11.37%
N/A
N/A
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ESMV vs. PABD - Expense Ratio Comparison
ESMV 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
ESMV vs. PABD — Risk-Adjusted Performance Rank
ESMV
PABD
ESMV vs. PABD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) 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
ESMV vs. PABD - Dividend Comparison
ESMV's dividend yield for the trailing twelve months is around 1.61%, less than PABD's 2.54% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 1.61% | 1.72% | 1.75% | 1.66% |
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 2.54% | 2.87% | 0.00% | 0.00% |
Drawdowns
ESMV vs. PABD - Drawdown Comparison
The maximum ESMV drawdown since its inception was -19.77%, which is greater than PABD's maximum drawdown of -13.37%. Use the drawdown chart below to compare losses from any high point for ESMV and PABD. For additional features, visit the drawdowns tool.
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Volatility
ESMV vs. PABD - Volatility Comparison
iShares ESG MSCI USA Min Vol Factor ETF (ESMV) has a higher volatility of 4.40% compared to iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) at 3.70%. This indicates that ESMV's price experiences larger fluctuations and is considered to be riskier than PABD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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