PABD vs. DWMF
Compare and contrast key facts about iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and WisdomTree International Multifactor Fund (DWMF).
PABD and DWMF 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. DWMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Performance
PABD vs. DWMF - Performance Comparison
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PABD vs. DWMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | -2.72% | 30.06% | 5.32% |
DWMF WisdomTree International Multifactor Fund | 3.84% | 24.42% | 9.80% |
Returns By Period
In the year-to-date period, PABD achieves a -2.72% return, which is significantly lower than DWMF's 3.84% return.
PABD
- 1D
- 2.56%
- 1M
- -10.25%
- YTD
- -2.72%
- 6M
- 1.60%
- 1Y
- 19.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DWMF
- 1D
- 2.44%
- 1M
- -5.33%
- YTD
- 3.84%
- 6M
- 6.56%
- 1Y
- 18.87%
- 3Y*
- 14.10%
- 5Y*
- 9.33%
- 10Y*
- —
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PABD vs. DWMF - Expense Ratio Comparison
PABD has a 0.12% expense ratio, which is lower than DWMF's 0.38% expense ratio.
Return for Risk
PABD vs. DWMF — Risk / Return Rank
PABD
DWMF
PABD vs. DWMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and WisdomTree International Multifactor Fund (DWMF). 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.
| PABD | DWMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.38 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.63 | 2.02 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.13 | -0.67 |
Martin ratioReturn relative to average drawdown | 5.90 | 8.12 | -2.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PABD | DWMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.38 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.53 | +0.40 |
Correlation
The correlation between PABD and DWMF is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PABD vs. DWMF - Dividend Comparison
PABD's dividend yield for the trailing twelve months is around 2.82%, less than DWMF's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 2.82% | 2.74% | 2.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DWMF WisdomTree International Multifactor Fund | 2.87% | 2.80% | 3.50% | 4.01% | 3.41% | 3.54% | 2.06% | 2.77% | 1.15% |
Drawdowns
PABD vs. DWMF - Drawdown Comparison
The maximum PABD drawdown since its inception was -13.37%, smaller than the maximum DWMF drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for PABD and DWMF.
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Drawdown Indicators
| PABD | DWMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.37% | -29.72% | +16.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -8.74% | -3.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | -10.26% | -5.33% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -3.88% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.29% | +0.82% |
Volatility
PABD vs. DWMF - Volatility Comparison
iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) has a higher volatility of 7.62% compared to WisdomTree International Multifactor Fund (DWMF) at 5.84%. This indicates that PABD's price experiences larger fluctuations and is considered to be riskier than DWMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PABD | DWMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 5.84% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 8.39% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 13.70% | +3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 11.20% | +3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 14.16% | +0.97% |