PABD vs. SPEU
Compare and contrast key facts about iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and SPDR Portfolio Europe ETF (SPEU).
PABD and SPEU 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. SPEU is a passively managed fund by State Street that tracks the performance of the STOXX Europe Total Market. It was launched on Oct 15, 2002. Both PABD and SPEU 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. SPEU - Performance Comparison
Loading graphics...
PABD vs. SPEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | -2.72% | 30.06% | 5.32% |
SPEU SPDR Portfolio Europe ETF | -1.25% | 35.80% | 5.20% |
Returns By Period
In the year-to-date period, PABD achieves a -2.72% return, which is significantly lower than SPEU's -1.25% return.
PABD
- 1D
- 2.56%
- 1M
- -10.25%
- YTD
- -2.72%
- 6M
- 1.60%
- 1Y
- 19.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPEU
- 1D
- 3.20%
- 1M
- -8.30%
- YTD
- -1.25%
- 6M
- 4.53%
- 1Y
- 20.92%
- 3Y*
- 14.15%
- 5Y*
- 8.52%
- 10Y*
- 9.00%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PABD vs. SPEU - Expense Ratio Comparison
PABD has a 0.12% expense ratio, which is higher than SPEU's 0.09% expense ratio. However, 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. SPEU — Risk / Return Rank
PABD
SPEU
PABD vs. SPEU - 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 SPDR Portfolio Europe ETF (SPEU). 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 | SPEU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.23 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.73 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.60 | -0.14 |
Martin ratioReturn relative to average drawdown | 5.90 | 6.13 | -0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PABD | SPEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.23 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.30 | +0.63 |
Correlation
The correlation between PABD and SPEU is 0.93, 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. SPEU - Dividend Comparison
PABD's dividend yield for the trailing twelve months is around 2.82%, less than SPEU's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SPEU SPDR Portfolio Europe ETF | 3.63% | 3.47% | 3.29% | 2.91% | 3.08% | 2.67% | 2.29% | 3.19% | 3.99% | 2.82% | 3.66% | 3.62% |
Drawdowns
PABD vs. SPEU - Drawdown Comparison
The maximum PABD drawdown since its inception was -13.37%, smaller than the maximum SPEU drawdown of -62.45%. Use the drawdown chart below to compare losses from any high point for PABD and SPEU.
Loading graphics...
Drawdown Indicators
| PABD | SPEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.37% | -62.45% | +49.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -12.09% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.83% | — |
Current DrawdownCurrent decline from peak | -10.26% | -8.66% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -13.93% | +11.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.16% | -0.05% |
Volatility
PABD vs. SPEU - Volatility Comparison
iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and SPDR Portfolio Europe ETF (SPEU) have volatilities of 7.62% and 7.66%, 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.
Loading graphics...
Volatility by Period
| PABD | SPEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 7.66% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 10.92% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 17.21% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 17.32% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 18.43% | -3.30% |