PABD vs. SUSC
PABD (iShares Paris-Aligned Climate MSCI World Ex USA ETF) and SUSC (iShares ESG Aware USD Corporate Bond 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 SUSC is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate ESG Focus Index. Both are passively managed. Over the past year, PABD returned 20.80% vs 5.58% for SUSC. At a 0.45 correlation, their price movements are largely independent. PABD charges 0.12%/yr vs 0.18%/yr for SUSC.
Performance
PABD vs. SUSC - Performance Comparison
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Returns By Period
In the year-to-date period, PABD achieves a 8.37% return, which is significantly higher than SUSC's 0.72% return.
PABD
- 1D
- 0.75%
- 1M
- 4.79%
- YTD
- 8.37%
- 6M
- 9.38%
- 1Y
- 20.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SUSC
- 1D
- 0.03%
- 1M
- 1.23%
- YTD
- 0.72%
- 6M
- 1.11%
- 1Y
- 5.58%
- 3Y*
- 5.11%
- 5Y*
- 0.31%
- 10Y*
- —
PABD vs. SUSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 8.37% | 30.06% | 5.32% |
SUSC iShares ESG Aware USD Corporate Bond ETF | 0.72% | 7.57% | 3.31% |
Correlation
The correlation between PABD and SUSC is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024 | 0.45 |
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Return for Risk
PABD vs. SUSC — Risk / Return Rank
PABD
SUSC
PABD vs. SUSC - 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 USD Corporate Bond ETF (SUSC). 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 | SUSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.95 | -0.28 |
| Martin ratioReturn relative to average drawdown | 6.21 | 5.94 | +0.27 |
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Drawdowns
PABD vs. SUSC - Drawdown Comparison
The maximum PABD drawdown since its inception was -13.37%, smaller than the maximum SUSC drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for PABD and SUSC.
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Drawdown Indicators
| PABD | SUSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.37% | -22.42% | +9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -2.87% | -9.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.42% | — |
Current DrawdownCurrent decline from peak | -0.02% | -1.11% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -5.87% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 0.94% | +2.42% |
Volatility
PABD vs. SUSC - Volatility Comparison
iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) has a higher volatility of 5.54% compared to iShares ESG Aware USD Corporate Bond ETF (SUSC) at 1.46%. This indicates that PABD's price experiences larger fluctuations and is considered to be riskier than SUSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PABD | SUSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 1.46% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.57% | 3.30% | +10.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 4.36% | +11.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 7.19% | +8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 7.62% | +8.04% |
PABD vs. SUSC - Expense Ratio Comparison
PABD has a 0.12% expense ratio, which is lower than SUSC'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%.
Dividends
PABD vs. SUSC - Dividend Comparison
PABD's dividend yield for the trailing twelve months is around 4.03%, less than SUSC's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PABD iShares Paris-Aligned Climate MSCI World Ex USA ETF | 4.03% | 2.74% | 2.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUSC iShares ESG Aware USD Corporate Bond ETF | 4.48% | 4.37% | 4.34% | 3.83% | 2.97% | 2.21% | 2.19% | 3.07% | 3.33% | 1.33% |
Frequently Asked Questions
PABD and SUSC have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PABD has higher volatility (5.54%) compared to SUSC (1.46%). In terms of maximum drawdown, PABD dropped -13.37% vs SUSC's -22.42%.
On 1-year performance, PABD leads with 20.80% vs 5.58% for SUSC. On fees, PABD is cheaper at 0.12% per year. On volatility, SUSC has been the lower-risk option at 1.46%. 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 20.80% return vs 5.58%. 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 0.18% for SUSC.
SUSC has the higher dividend yield at 4.48%, compared with 4.03% for PABD.
PABD is categorized as Foreign Large Cap Equities, while SUSC is Corporate Bonds. PABD tracks MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net, while SUSC tracks Bloomberg MSCI US Corporate ESG Focus Index. Their fees differ too: 0.12% for PABD and 0.18% for SUSC.
PABD currently has the higher Sharpe Ratio (1.31 vs 1.29), 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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