IQSZ vs. PABU
IQSZ (Invesco Global Equity Net Zero ETF) and PABU (iShares Paris-Aligned Climate Optimized MSCI USA ETF) are both exchange-traded funds - IQSZ is a ESG fund actively managed by Invesco, while PABU is a Large Cap Blend Equities fund tracking the MSCI USA Climate Paris Aligned Benchmark Extended Select PAB Index (USD). IQSZ is actively managed, while PABU is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. IQSZ charges 0.19%/yr vs 0.10%/yr for PABU.
Performance
IQSZ vs. PABU - Performance Comparison
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Returns By Period
In the year-to-date period, IQSZ achieves a 12.10% return, which is significantly higher than PABU's 2.38% return.
IQSZ
- 1D
- -0.29%
- 1M
- -1.03%
- YTD
- 12.10%
- 6M
- 10.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PABU
- 1D
- 1.24%
- 1M
- -4.30%
- YTD
- 2.38%
- 6M
- 1.14%
- 1Y
- 13.32%
- 3Y*
- 16.70%
- 5Y*
- —
- 10Y*
- —
IQSZ vs. PABU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IQSZ Invesco Global Equity Net Zero ETF | 12.10% | 13.36% |
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF | 2.38% | 9.11% |
Correlation
The correlation between IQSZ and PABU is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.87 |
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Return for Risk
IQSZ vs. PABU — Risk / Return Rank
IQSZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PABU
IQSZ vs. PABU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) and iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU). 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.
| IQSZ | PABU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.00 | — |
| Martin ratioReturn relative to average drawdown | — | 3.26 | — |
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Drawdowns
IQSZ vs. PABU - Drawdown Comparison
The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum PABU drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for IQSZ and PABU.
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Drawdown Indicators
| IQSZ | PABU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.12% | -22.76% | +13.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.40% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.85% | — |
Current DrawdownCurrent decline from peak | -2.45% | -7.60% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -5.62% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.09% | — |
Volatility
IQSZ vs. PABU - Volatility Comparison
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Volatility by Period
| IQSZ | PABU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 14.24% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 18.76% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.19% | 18.76% | -4.57% |
IQSZ vs. PABU - Expense Ratio Comparison
IQSZ has a 0.19% expense ratio, which is higher than PABU's 0.10% 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
IQSZ vs. PABU - Dividend Comparison
IQSZ's dividend yield for the trailing twelve months is around 1.80%, more than PABU's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IQSZ Invesco Global Equity Net Zero ETF | 1.80% | 1.03% | 0.00% | 0.00% | 0.00% |
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF | 0.95% | 0.90% | 1.00% | 1.06% | 1.00% |
Frequently Asked Questions
IQSZ and PABU have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PABU is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PABU is cheaper with a 0.10% expense ratio, compared with 0.19% for IQSZ.
IQSZ has the higher dividend yield at 1.80%, compared with 0.95% for PABU.
IQSZ is categorized as ESG, while PABU is Large Cap Blend Equities. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for IQSZ and 0.10% for PABU.
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