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PABD vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PABD vs. VOO

Last updated Aug 2, 2026
Documentation

PABD (iShares Paris-Aligned Climate MSCI World Ex USA ETF) and VOO (Vanguard S&P 500 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, PABD returned 22.20% vs 21.58% for VOO. Their 0.72 correlation means they have sometimes moved together and sometimes differently. PABD charges 0.12%/yr vs 0.03%/yr for VOO.

Performance

PABD vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PABD achieves a 9.04% return, which is significantly lower than VOO's 10.16% return.

PABD

1D
-0.66%
1M
0.29%
6M
5.06%
YTD
9.04%
1Y
22.20%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
17.19%

VOO

1D
0.71%
1M
0.26%
6M
8.58%
YTD
10.16%
1Y
21.58%
3Y*
19.42%
5Y*
12.83%
10Y*
15.14%
ALL TIME*
14.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

PABD

iShares Paris-Aligned Climate MSCI World Ex USA ETF
$74.60K$52.17K$332.59K

VOO

Vanguard S&P 500 ETF
$3.82B$3.78B$5.44B

PABD vs. VOO - Yearly Performance Comparison

2026 (YTD)20252024
PABD
iShares Paris-Aligned Climate MSCI World Ex USA ETF		9.04%30.06%5.32%
VOO
Vanguard S&P 500 ETF		10.16%17.82%24.65%

Correlation

The correlation between PABD and VOO is 0.78, 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.

0.78

Correlation (All Time)
Calculated using the full available price history since Jan 19, 2024

0.72

The correlation between PABD and VOO has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.

PABD vs. VOO - Sectors Allocation Comparison

Sectors
PABD
VOO

Financial Services

29.5%
11.4%

Industrials

16.0%
8.5%

Technology

14.5%
38.6%

Healthcare

12.2%
8.9%

Real Estate

6.2%
1.8%

Basic Materials

4.8%
1.7%

Consumer Cyclical

4.6%
9.5%

Utilities

4.6%
2.2%

Consumer Defensive

4.4%
4.5%

Communication Services

3.0%
9.9%

Energy

0.2%
3.0%

Financial Services

PABD
29.5%
VOO
11.4%

Industrials

PABD
16.0%
VOO
8.5%

Technology

PABD
14.5%
VOO
38.6%

Healthcare

PABD
12.2%
VOO
8.9%

Real Estate

PABD
6.2%
VOO
1.8%

Basic Materials

PABD
4.8%
VOO
1.7%

Consumer Cyclical

PABD
4.6%
VOO
9.5%

Utilities

PABD
4.6%
VOO
2.2%

Consumer Defensive

PABD
4.4%
VOO
4.5%

Communication Services

PABD
3.0%
VOO
9.9%

Energy

PABD
0.2%
VOO
3.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Paris-Aligned Climate MSCI World Ex USA ETF

Vanguard S&P 500 ETF

Often compared with PABD:
PABD vs. CVIEPABD vs. ESMVPABD vs. DMXFPABD vs. BBEUPABD vs. ESGDPABD vs. SPEUPABD vs. CHPS
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. FXAIXVOO vs. SPYVOO vs. VGT

Return for Risk

PABD vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
PABD
PABD Risk / Return Rank: 5454
Overall Rank
PABD Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
PABD Sortino Ratio Rank: 5757
Sortino Ratio Rank
PABD Omega Ratio Rank: 5353
Omega Ratio Rank
PABD Calmar Ratio Rank: 4949
Calmar Ratio Rank
PABD Martin Ratio Rank: 5656
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 6868
Overall Rank
VOO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6565
Sortino Ratio Rank
VOO Omega Ratio Rank: 6666
Omega Ratio Rank
VOO Calmar Ratio Rank: 6464
Calmar Ratio Rank
VOO Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PABD vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.

PABDVOODifference
Sharpe ratioReturn per unit of total volatility
1.36
1.53

-0.18

Sortino ratioReturn per unit of downside risk
1.97
2.13

-0.16

Omega ratioGain probability vs. loss probability

1.24

1.28

-0.04

Calmar ratioReturn relative to maximum drawdown

1.75

2.21

-0.46

Martin ratioReturn relative to average drawdown

6.57

9.44

-2.87

PABD vs. VOO - Sharpe Ratio Comparison

The current PABD Sharpe Ratio is 1.36, which is comparable to the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of PABD and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PABD vs. VOO - Drawdown Comparison

The maximum PABD drawdown since its inception was -13.37%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PABD and VOO.

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Drawdown Indicators

PABDVOODifference

Max Drawdown

Largest peak-to-trough decline

-13.37%

-33.99%

+20.62%

Max Drawdown (1Y)

Largest decline over 1 year

-12.55%

-8.90%

-3.65%

Max Drawdown (3Y)

Largest decline over 3 years

—

-18.69%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.52%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.99%

—

Current Drawdown

Current decline from peak

-0.66%

-1.38%

+0.72%

Average Drawdown

Average peak-to-trough decline

-2.55%

-3.67%

+1.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.33%

2.08%

+1.25%

Volatility

PABD vs. VOO - Volatility Comparison

iShares Paris-Aligned Climate MSCI World Ex USA ETF (PABD) has a higher volatility of 4.57% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that PABD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PABDVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.57%

3.54%

+1.03%

Volatility (6M)

Calculated over the trailing 6-month period

13.96%

10.10%

+3.86%

Volatility (1Y)

Calculated over the trailing 1-year period

16.21%

12.82%

+3.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.61%

16.93%

-1.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.61%

18.01%

-2.40%

PABD vs. VOO - Expense Ratio Comparison

PABD has a 0.12% expense ratio, which is higher than VOO's 0.03% 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%.

Dividends

PABD vs. VOO - Dividend Comparison

PABD's dividend yield for the trailing twelve months is around 2.99%, more than VOO's 1.07% yield.

PositionTTM20252024202320222021202020192018201720162015
PABD
iShares Paris-Aligned Climate MSCI World Ex USA ETF		2.99%2.74%2.87%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF		1.07%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

PABD and VOO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PABD has higher volatility (4.57%) compared to VOO (3.54%). In terms of maximum drawdown, PABD dropped -13.37% vs VOO's -33.99%.

On 1-year performance, PABD leads with 22.20% vs 21.58% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. 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 22.20% return vs 21.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOO is cheaper with a 0.03% expense ratio, compared with 0.12% for PABD.

PABD has the higher dividend yield at 2.99%, compared with 1.07% for VOO.

PABD is categorized as Foreign Large Cap Equities, while VOO is S&P 500. PABD tracks MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index - Benchmark TR Net, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for PABD and 0.03% for VOO.

VOO currently has the higher Sharpe Ratio (1.53 vs 1.36), 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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