PABD vs. ESGD
Compare and contrast key facts about iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and iShares ESG Aware MSCI EAFE ETF (ESGD).
PABD and ESGD 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. ESGD is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Extended ESG Focus Index. It was launched on Jun 28, 2016. Both PABD and ESGD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PABD vs. ESGD - Performance Comparison
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PABD vs. ESGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | -2.72% | 30.06% | 5.32% |
ESGD iShares ESG Aware MSCI EAFE ETF | 0.56% | 29.63% | 5.79% |
Returns By Period
In the year-to-date period, PABD achieves a -2.72% return, which is significantly lower than ESGD's 0.56% return.
PABD
- 1D
- 2.56%
- 1M
- -10.25%
- YTD
- -2.72%
- 6M
- 1.60%
- 1Y
- 19.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESGD
- 1D
- 3.29%
- 1M
- -8.25%
- YTD
- 0.56%
- 6M
- 4.79%
- 1Y
- 21.50%
- 3Y*
- 13.70%
- 5Y*
- 7.69%
- 10Y*
- —
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PABD vs. ESGD - Expense Ratio Comparison
PABD has a 0.12% expense ratio, which is lower than ESGD'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%.
Return for Risk
PABD vs. ESGD — Risk / Return Rank
PABD
ESGD
PABD vs. ESGD - 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 iShares ESG Aware MSCI EAFE ETF (ESGD). 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 | ESGD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.22 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.75 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.75 | -0.29 |
Martin ratioReturn relative to average drawdown | 5.90 | 6.75 | -0.85 |
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 | ESGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.22 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.53 | +0.40 |
Correlation
The correlation between PABD and ESGD is 0.96, 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. ESGD - Dividend Comparison
PABD's dividend yield for the trailing twelve months is around 2.82%, less than ESGD's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
ESGD iShares ESG Aware MSCI EAFE ETF | 3.58% | 3.60% | 3.23% | 3.02% | 2.59% | 2.75% | 1.63% | 2.57% | 2.69% | 2.65% | 0.09% |
Drawdowns
PABD vs. ESGD - Drawdown Comparison
The maximum PABD drawdown since its inception was -13.37%, smaller than the maximum ESGD drawdown of -33.70%. Use the drawdown chart below to compare losses from any high point for PABD and ESGD.
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Drawdown Indicators
| PABD | ESGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.37% | -33.70% | +20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -11.68% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.03% | — |
Current DrawdownCurrent decline from peak | -10.26% | -8.42% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -6.25% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.03% | +0.08% |
Volatility
PABD vs. ESGD - Volatility Comparison
iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and iShares ESG Aware MSCI EAFE ETF (ESGD) have volatilities of 7.62% and 7.99%, 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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Volatility by Period
| PABD | ESGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 7.99% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 11.29% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 17.75% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 16.45% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 16.94% | -1.81% |