EVUS vs. PABD
EVUS (Ishares ESG Aware MSCI USA Value ETF) and PABD (iShares Paris-Aligned Climate MSCI World Ex USA ETF) are both exchange-traded funds - EVUS is a Large Cap Value Equities fund tracking the MSCI USA Value Extended ESG Focus Index - Benchmark TR Gross, 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, EVUS returned 20.48% vs 19.72% for PABD. A 0.68 correlation means they provide meaningful diversification when combined. EVUS charges 0.18%/yr vs 0.12%/yr for PABD.
Performance
EVUS vs. PABD - Performance Comparison
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Returns By Period
In the year-to-date period, EVUS achieves a 9.83% return, which is significantly higher than PABD's 6.96% return.
EVUS
- 1D
- -0.18%
- 1M
- 0.26%
- YTD
- 9.83%
- 6M
- 9.18%
- 1Y
- 20.48%
- 3Y*
- 15.70%
- 5Y*
- —
- 10Y*
- —
PABD
- 1D
- -1.88%
- 1M
- 0.85%
- YTD
- 6.96%
- 6M
- 6.59%
- 1Y
- 19.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EVUS vs. PABD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVUS Ishares ESG Aware MSCI USA Value ETF | 9.83% | 13.31% | 15.61% |
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 6.96% | 30.06% | 5.32% |
Correlation
The correlation between EVUS and PABD is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024 | 0.68 |
The correlation between EVUS and PABD has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
EVUS vs. PABD — Risk / Return Rank
EVUS
PABD
EVUS vs. PABD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares ESG Aware MSCI USA Value ETF (EVUS) 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.
| EVUS | PABD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.22 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.58 | +1.09 |
| Martin ratioReturn relative to average drawdown | 11.13 | 5.90 | +5.24 |
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Drawdowns
EVUS vs. PABD - Drawdown Comparison
The maximum EVUS drawdown since its inception was -15.65%, which is greater than PABD's maximum drawdown of -13.37%. Use the drawdown chart below to compare losses from any high point for EVUS and PABD.
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Drawdown Indicators
| EVUS | PABD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.65% | -13.37% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -12.55% | +4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.65% | — | — |
Current DrawdownCurrent decline from peak | -1.15% | -1.88% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -2.61% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 3.35% | -1.51% |
Volatility
EVUS vs. PABD - Volatility Comparison
The current volatility for Ishares ESG Aware MSCI USA Value ETF (EVUS) is 3.27%, while iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) has a volatility of 5.21%. This indicates that EVUS experiences smaller price fluctuations and is considered to be less risky than PABD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVUS | PABD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 5.21% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 13.67% | -5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 16.03% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 15.66% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 15.66% | -2.94% |
EVUS vs. PABD - Expense Ratio Comparison
EVUS 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%.
Dividends
EVUS vs. PABD - Dividend Comparison
EVUS's dividend yield for the trailing twelve months is around 1.53%, less than PABD's 3.05% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EVUS Ishares ESG Aware MSCI USA Value ETF | 1.53% | 1.62% | 1.99% | 2.31% |
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 3.05% | 2.74% | 2.87% | 0.00% |
Frequently Asked Questions
EVUS and PABD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PABD has higher volatility (5.21%) compared to EVUS (3.27%). In terms of maximum drawdown, EVUS dropped -15.65% vs PABD's -13.37%.
On 1-year performance, EVUS leads with 20.48% vs 19.72% for PABD. On fees, PABD is cheaper at 0.12% per year. On volatility, EVUS has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVUS has performed better with a 20.48% return vs 19.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PABD is cheaper with a 0.12% expense ratio, compared with 0.18% for EVUS.
PABD has the higher dividend yield at 3.05%, compared with 1.53% for EVUS.
EVUS is categorized as Large Cap Value Equities, while PABD is Foreign Large Cap Equities. EVUS tracks MSCI USA Value Extended ESG Focus Index - Benchmark TR Gross, while PABD tracks MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net. Their fees differ too: 0.18% for EVUS and 0.12% for PABD.
EVUS currently has the higher Sharpe Ratio (1.93 vs 1.24), 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.
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