PABD vs. IBIT
PABD (iShares Paris-Aligned Climate MSCI World Ex USA ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - PABD is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, PABD returned 22.78% vs -43.69% for IBIT. Their 0.35 correlation means their historical movements had little consistent relationship. PABD charges 0.12%/yr vs 0.25%/yr for IBIT.
Performance
PABD vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PABD achieves a 9.56% return, which is significantly higher than IBIT's -27.17% return.
PABD
- 1D
- 0.48%
- 1M
- 0.77%
- 6M
- 5.02%
- YTD
- 9.56%
- 1Y
- 22.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.35%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.33B | $1.34B | $1.65B | |
| $83.86K | $55.85K | $338.84K |
PABD vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 9.56% | 30.06% | 5.32% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 127.29% |
Correlation
The correlation between PABD and IBIT is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024 | 0.35 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PABD vs. IBIT — Risk / Return Rank
PABD
IBIT
PABD vs. IBIT - 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 Bitcoin Trust ETF (IBIT). 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.
| PABD | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.40 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.84 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.82 | +2.65 |
| Martin ratioReturn relative to average drawdown | 6.86 | -1.26 | +8.11 |
Loading charts...
Drawdowns
PABD vs. IBIT - Drawdown Comparison
The maximum PABD drawdown since its inception was -13.37%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for PABD and IBIT.
Loading charts...
Drawdown Indicators
| PABD | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.37% | -53.30% | +39.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -53.30% | +40.75% |
Current DrawdownCurrent decline from peak | -0.18% | -49.28% | +49.10% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -18.29% | +15.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 34.80% | -31.47% |
Volatility
PABD vs. IBIT - Volatility Comparison
The current volatility for iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) is 4.50%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that PABD experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PABD | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 8.98% | -4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.89% | 33.79% | -19.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.20% | 44.48% | -28.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 49.57% | -33.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 49.57% | -33.97% |
PABD vs. IBIT - Expense Ratio Comparison
PABD has a 0.12% expense ratio, which is lower than IBIT's 0.25% 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%.
Dividends
PABD vs. IBIT - Dividend Comparison
PABD's dividend yield for the trailing twelve months is around 2.98%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 2.98% | 2.74% | 2.87% |
Frequently Asked Questions
PABD and IBIT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to PABD (4.50%). In terms of maximum drawdown, PABD dropped -13.37% vs IBIT's -53.30%.
On 1-year performance, PABD leads with 22.78% vs -43.69% for IBIT. On fees, PABD is cheaper at 0.12% per year. On volatility, PABD has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PABD has performed better with a 22.78% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PABD is cheaper with a 0.12% expense ratio, compared with 0.25% for IBIT.
PABD has the higher dividend yield at 2.98%, compared with 0.00% for IBIT.
PABD is categorized as Foreign Large Cap Equities, while IBIT is Cryptocurrency. PABD tracks MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.12% for PABD and 0.25% for IBIT.
PABD currently has the higher Sharpe Ratio (1.42 vs -0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PABD and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer