Correlation
The correlation between PABD and CVIE 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.
PABD vs. CVIE
Compare and contrast key facts about iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and Calvert International Responsible Index ETF (CVIE).
PABD and CVIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CVIE is a passively managed fund by Calvert that tracks the performance of the Calvert International Responsible Index. It was launched on Jan 30, 2023. Both PABD and CVIE 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: PABD or CVIE.
Performance
PABD vs. CVIE - Performance Comparison
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Key characteristics
PABD:
0.90
CVIE:
0.89
PABD:
1.21
CVIE:
1.18
PABD:
1.16
CVIE:
1.16
PABD:
0.98
CVIE:
0.98
PABD:
2.75
CVIE:
3.11
PABD:
4.78%
CVIE:
4.26%
PABD:
16.97%
CVIE:
17.53%
PABD:
-13.37%
CVIE:
-13.52%
PABD:
-0.79%
CVIE:
-0.63%
Returns By Period
The year-to-date returns for both stocks are quite close, with PABD having a 15.94% return and CVIE slightly lower at 15.40%.
PABD
15.94%
4.40%
12.64%
15.12%
N/A
N/A
N/A
CVIE
15.40%
5.22%
13.08%
15.35%
N/A
N/A
N/A
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PABD vs. CVIE - Expense Ratio Comparison
PABD has a 0.12% expense ratio, which is lower than CVIE's 0.18% 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%.
Risk-Adjusted Performance
PABD vs. CVIE — Risk-Adjusted Performance Rank
PABD
CVIE
PABD vs. CVIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and Calvert International Responsible Index ETF (CVIE). 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
PABD vs. CVIE - Dividend Comparison
PABD's dividend yield for the trailing twelve months is around 2.47%, less than CVIE's 2.52% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 2.47% | 2.87% | 0.00% |
CVIE Calvert International Responsible Index ETF | 2.52% | 2.78% | 1.96% |
Drawdowns
PABD vs. CVIE - Drawdown Comparison
The maximum PABD drawdown since its inception was -13.37%, roughly equal to the maximum CVIE drawdown of -13.52%. Use the drawdown chart below to compare losses from any high point for PABD and CVIE.
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Volatility
PABD vs. CVIE - Volatility Comparison
iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and Calvert International Responsible Index ETF (CVIE) have volatilities of 3.14% and 3.04%, 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.
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