PABD vs. SLV
PABD (iShares Paris-Aligned Climate MSCI World Ex USA ETF) and SLV (iShares Silver Trust) 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 SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past year, PABD returned 22.78% vs 56.18% for SLV. Their 0.43 correlation means their historical movements had little consistent relationship. PABD charges 0.12%/yr vs 0.50%/yr for SLV.
Performance
PABD vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, PABD achieves a 9.56% return, which is significantly higher than SLV's -18.57% return.
PABD
- 1D
- 0.48%
- 1M
- 0.77%
- 6M
- 5.02%
- YTD
- 9.56%
- 1Y
- 22.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.35%
SLV
- 1D
- 0.19%
- 1M
- -4.65%
- 6M
- -27.58%
- YTD
- -18.57%
- 1Y
- 56.18%
- 3Y*
- 34.29%
- 5Y*
- 17.38%
- 10Y*
- 10.86%
- ALL TIME*
- 7.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $83.86K | $55.85K | $338.84K | |
| $713.72M | $758.23M | $1.25B |
PABD vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 9.56% | 30.06% | 5.32% |
SLV iShares Silver Trust | -18.57% | 144.66% | 26.53% |
Correlation
The correlation between PABD and SLV is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024 | 0.43 |
The correlation between PABD and SLV has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
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Return for Risk
PABD vs. SLV — Risk / Return Rank
PABD
SLV
PABD vs. SLV - 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 Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.08 | +0.74 |
| Martin ratioReturn relative to average drawdown | 6.86 | 2.05 | +4.81 |
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Drawdowns
PABD vs. SLV - Drawdown Comparison
The maximum PABD drawdown since its inception was -13.37%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for PABD and SLV.
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Drawdown Indicators
| PABD | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.37% | -76.28% | +62.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -52.28% | +39.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.28% | — |
Current DrawdownCurrent decline from peak | -0.18% | -50.32% | +50.14% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -44.68% | +42.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 27.49% | -24.16% |
Volatility
PABD vs. SLV - Volatility Comparison
The current volatility for iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) is 4.50%, while iShares Silver Trust (SLV) has a volatility of 10.86%. This indicates that PABD experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PABD | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 10.86% | -6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.89% | 44.32% | -30.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.20% | 61.47% | -45.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 36.98% | -21.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 32.23% | -16.63% |
PABD vs. SLV - Expense Ratio Comparison
PABD has a 0.12% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
PABD vs. SLV - Dividend Comparison
PABD's dividend yield for the trailing twelve months is around 2.98%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 2.98% | 2.74% | 2.87% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PABD and SLV have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (10.86%) compared to PABD (4.50%). In terms of maximum drawdown, PABD dropped -13.37% vs SLV's -76.28%.
On 1-year performance, SLV leads with 56.18% vs 22.78% for PABD. 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, SLV has performed better with a 56.18% return vs 22.78%. 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 0.50% for SLV.
PABD has the higher dividend yield at 2.98%, compared with 0.00% for SLV.
PABD is categorized as Foreign Large Cap Equities, while SLV is Silver. PABD tracks MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net, while SLV tracks LBMA Silver Price. Their fees differ too: 0.12% for PABD and 0.50% for SLV.
PABD currently has the higher Sharpe Ratio (1.42 vs 0.92), 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.
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