PABD vs. ESMV
Compare and contrast key facts about iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and iShares ESG MSCI USA Min Vol Factor ETF (ESMV).
PABD and ESMV 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. ESMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index - Benchmark TR Gross. It was launched on Nov 2, 2021. Both PABD and ESMV 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 ESMV.
Correlation
The correlation between PABD and ESMV 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.
Performance
PABD vs. ESMV - Performance Comparison
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Key characteristics
PABD:
0.65
ESMV:
0.67
PABD:
1.11
ESMV:
1.08
PABD:
1.15
ESMV:
1.15
PABD:
0.88
ESMV:
0.80
PABD:
2.47
ESMV:
2.84
PABD:
4.79%
ESMV:
3.42%
PABD:
16.90%
ESMV:
13.38%
PABD:
-13.37%
ESMV:
-19.77%
PABD:
-0.45%
ESMV:
-4.96%
Returns By Period
In the year-to-date period, PABD achieves a 12.66% return, which is significantly higher than ESMV's 1.62% return.
PABD
12.66%
11.16%
8.42%
10.87%
N/A
N/A
ESMV
1.62%
4.01%
-3.70%
8.49%
N/A
N/A
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PABD vs. ESMV - Expense Ratio Comparison
PABD has a 0.12% expense ratio, which is lower than ESMV'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. ESMV — Risk-Adjusted Performance Rank
PABD
ESMV
PABD vs. ESMV - 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 iShares ESG MSCI USA Min Vol Factor ETF (ESMV). 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. ESMV - Dividend Comparison
PABD's dividend yield for the trailing twelve months is around 2.55%, more than ESMV's 1.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 2.55% | 2.87% | 0.00% | 0.00% | 0.00% |
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 1.64% | 1.72% | 1.75% | 1.66% | 0.24% |
Drawdowns
PABD vs. ESMV - Drawdown Comparison
The maximum PABD drawdown since its inception was -13.37%, smaller than the maximum ESMV drawdown of -19.77%. Use the drawdown chart below to compare losses from any high point for PABD and ESMV. For additional features, visit the drawdowns tool.
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Volatility
PABD vs. ESMV - Volatility Comparison
The current volatility for iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) is 4.12%, while iShares ESG MSCI USA Min Vol Factor ETF (ESMV) has a volatility of 4.58%. This indicates that PABD experiences smaller price fluctuations and is considered to be less risky than ESMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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