FEUS vs. PABG.L

Last updated Jun 14, 2026

FEUS (FlexShares ESG & Climate US Large Cap Core Index Fund) and PABG.L (Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc) are both exchange-traded funds - FEUS is a Large Cap Blend Equities fund tracking the Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross, while PABG.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, FEUS returned 18.84%/yr vs 18.83%/yr for PABG.L. A 0.52 correlation means they provide meaningful diversification when combined. FEUS charges 0.09%/yr vs 0.20%/yr for PABG.L.

Performance

FEUS vs. PABG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) and Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FEUS is traded in USD, while PABG.L is traded in GBP. To make them comparable, the PABG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEUS achieves a 8.26% return, which is significantly higher than PABG.L's 6.96% return.

FEUS

• 1D: 0.44%
• 1M: -0.79%
• YTD: 8.26%
• 6M: 8.52%
• 1Y: 24.07%
• 3Y*: 18.84%
• 5Y*: —
• 10Y*: —

PABG.L

• 1D: 2.08%
• 1M: 5.44%
• YTD: 6.96%
• 6M: 8.47%
• 1Y: 18.27%
• 3Y*: 18.83%
• 5Y*: 8.94%
• 10Y*: —

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

FEUS vs. PABG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	8.26%	14.67%	23.10%	25.54%	-19.10%	9.37%
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc	6.96%	37.40%	7.19%	25.69%	-21.32%	1.11%

Correlation

The correlation between FEUS and PABG.L is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.52

The correlation between FEUS and PABG.L shifts across timeframes, from 0.46 (3 years) to 0.58 (1 year), reflecting how their relationship changes across market environments.

FEUS vs. PABG.L - Sectors Allocation Comparison

Sectors	FEUS	PABG.L
Technology	39.0%	20.8%
Financial Services	11.2%	32.0%
Communication Services	10.4%	3.4%
Consumer Cyclical	10.4%	9.8%
Healthcare	8.2%	8.0%
Industrials	8.0%	16.3%
Consumer Defensive	4.2%	4.1%
Energy	3.4%	0.2%
Real Estate	2.0%	1.1%
Utilities	1.7%	4.0%
Basic Materials	1.5%	0.4%

Return for Risk

FEUS vs. PABG.L — Risk / Return Rank

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

FEUS

FEUS Risk / Return Rank: 59
FEUS Sharpe Ratio Rank: 61
FEUS Sortino Ratio Rank: 59
FEUS Omega Ratio Rank: 60
FEUS Calmar Ratio Rank: 53
FEUS Martin Ratio Rank: 61

PABG.L

PABG.L Risk / Return Rank: 35
PABG.L Sharpe Ratio Rank: 35
PABG.L Sortino Ratio Rank: 37
PABG.L Omega Ratio Rank: 34
PABG.L Calmar Ratio Rank: 34
PABG.L Martin Ratio Rank: 37

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.

FEUS vs. PABG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) and Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L). 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.

	FEUS	PABG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.89	+0.92
Sortino ratio: Return per unit of downside risk	2.47	1.42	+1.05
Omega ratio: Gain probability vs. loss probability	1.32	1.17	+0.16
Calmar ratio: Return relative to maximum drawdown	2.36	1.15	+1.21
Martin ratio: Return relative to average drawdown	9.84	4.02	+5.82

FEUS vs. PABG.L - Sharpe Ratio Comparison

The current FEUS Sharpe Ratio is 1.81, which is higher than the PABG.L Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of FEUS and PABG.L, 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

FEUS vs. PABG.L - Drawdown Comparison

The maximum FEUS drawdown since its inception was -25.31%, smaller than the maximum PABG.L drawdown of -39.61%. Use the drawdown chart below to compare losses from any high point for FEUS and PABG.L.

Drawdown Indicators

	FEUS	PABG.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-39.61%	+14.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-13.62%	+4.07%
Max Drawdown (3Y) Largest decline over 3 years	-19.47%	-15.38%	-4.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-39.61%	—
Current Drawdown Current decline from peak	-2.58%	0.00%	-2.58%
Average Drawdown Average peak-to-trough decline	-6.33%	-8.47%	+2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	3.91%	-1.62%

Volatility

FEUS vs. PABG.L - Volatility Comparison

The current volatility for FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) is 4.31%, while Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L) has a volatility of 4.76%. This indicates that FEUS experiences smaller price fluctuations and is considered to be less risky than PABG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUS	PABG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	4.76%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	14.47%	-4.71%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	17.58%	-5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	21.87%	-4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	21.78%	-4.75%

FEUS vs. PABG.L - Expense Ratio Comparison

FEUS has a 0.09% expense ratio, which is lower than PABG.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FEUS vs. PABG.L - Dividend Comparison

FEUS's dividend yield for the trailing twelve months is around 1.00%, while PABG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	1.00%	1.06%	1.15%	1.41%	1.48%	0.36%
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEUS and PABG.L in my portfolio?

FEUS and PABG.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEUS or PABG.L?

On fees, FEUS is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEUS or PABG.L?

FEUS is cheaper with a 0.09% expense ratio, compared with 0.20% for PABG.L.

What is the main difference between FEUS and PABG.L?

FEUS is categorized as Large Cap Blend Equities, while PABG.L is Europe Equities. FEUS tracks Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross, while PABG.L tracks MSCI EMU NR EUR. They also come from different issuers: FlexShares and Amundi. Their fees differ too: 0.09% for FEUS and 0.20% for PABG.L.