PABG.L vs. INFR

Last updated Jun 14, 2026

PABG.L (Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc) and INFR (ClearBridge Sustainable Infrastructure ETF) are both exchange-traded funds - PABG.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while INFR is a Energy Equities fund tracking the RARE Global Infrastructure Index. Both are passively managed. Over the past 3 years, PABG.L returned 16.47%/yr vs 2.95%/yr for INFR. At a 0.16 correlation, their price movements are largely independent. PABG.L charges 0.20%/yr vs 0.59%/yr for INFR.

Performance

PABG.L vs. INFR - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L) and ClearBridge Sustainable Infrastructure ETF (INFR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PABG.L is traded in GBP, while INFR is traded in USD. To make them comparable, the INFR values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, PABG.L achieves a 7.45% return, which is significantly higher than INFR's 2.43% return.

PABG.L

• 1D: 2.24%
• 1M: 5.50%
• YTD: 7.45%
• 6M: 8.23%
• 1Y: 19.73%
• 3Y*: 16.47%
• 5Y*: 10.08%
• 10Y*: —

INFR

• 1D: 0.63%
• 1M: 0.47%
• YTD: 2.43%
• 6M: 2.95%
• 1Y: 9.05%
• 3Y*: 2.95%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PABG.L vs. INFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc	7.45%	27.76%	9.01%	19.39%	1.39%
INFR ClearBridge Sustainable Infrastructure ETF	2.43%	15.16%	-4.59%	-0.06%	0.21%

Correlation

The correlation between PABG.L and INFR is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Dec 16, 2022	0.16

The correlation between PABG.L and INFR shifts across timeframes, from 0.03 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

PABG.L vs. INFR - Sectors Allocation Comparison

Sectors	PABG.L	INFR
Financial Services	32.0%	-
Technology	20.8%	-
Industrials	16.3%	27.5%
Consumer Cyclical	9.8%	-
Healthcare	8.0%	-
Consumer Defensive	4.1%	-
Utilities	4.0%	68.5%
Communication Services	3.4%	-
Real Estate	1.1%	4.1%
Basic Materials	0.4%	-
Energy	0.2%	-

Return for Risk

PABG.L vs. INFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PABG.L

PABG.L Risk / Return Rank: 35
PABG.L Sharpe Ratio Rank: 35
PABG.L Sortino Ratio Rank: 37
PABG.L Omega Ratio Rank: 34
PABG.L Calmar Ratio Rank: 34
PABG.L Martin Ratio Rank: 37

INFR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PABG.L vs. INFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L) and ClearBridge Sustainable Infrastructure ETF (INFR). 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.

	PABG.L	INFR	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.18	-0.06
Sortino ratio: Return per unit of downside risk	1.74	1.72	+0.01
Omega ratio: Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio: Return relative to maximum drawdown	1.49	1.75	-0.26
Martin ratio: Return relative to average drawdown	5.14	4.70	+0.44

PABG.L vs. INFR - Sharpe Ratio Comparison

The current PABG.L Sharpe Ratio is 1.13, which is comparable to the INFR Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of PABG.L and INFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PABG.L vs. INFR - Drawdown Comparison

The maximum PABG.L drawdown since its inception was -26.49%, which is greater than INFR's maximum drawdown of -16.73%. Use the drawdown chart below to compare losses from any high point for PABG.L and INFR.

Drawdown Indicators

	PABG.L	INFR	Difference
Max Drawdown Largest peak-to-trough decline	-26.49%	-16.73%	-9.76%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	-5.85%	-5.92%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-13.68%	-0.16%
Max Drawdown (5Y) Largest decline over 5 years	-26.49%	—	—
Current Drawdown Current decline from peak	0.00%	-1.17%	+1.17%
Average Drawdown Average peak-to-trough decline	-6.08%	-5.23%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	2.15%	+1.27%

Volatility

PABG.L vs. INFR - Volatility Comparison

Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L) has a higher volatility of 4.25% compared to ClearBridge Sustainable Infrastructure ETF (INFR) at 1.80%. This indicates that PABG.L's price experiences larger fluctuations and is considered to be riskier than INFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PABG.L	INFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	1.80%	+2.45%
Volatility (6M) Calculated over the trailing 6-month period	12.94%	5.26%	+7.68%
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	8.65%	+6.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	12.65%	+6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.95%	12.65%	+6.30%

PABG.L vs. INFR - Expense Ratio Comparison

PABG.L has a 0.20% expense ratio, which is lower than INFR's 0.59% expense ratio.

Dividends

PABG.L vs. INFR - Dividend Comparison

Neither PABG.L nor INFR has paid dividends to shareholders.

Position	TTM	2025	2024	2023
INFR ClearBridge Sustainable Infrastructure ETF	2.49%	2.52%	2.36%	3.06%
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PABG.L and INFR in my portfolio?

PABG.L and INFR have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PABG.L or INFR?

On fees, PABG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PABG.L or INFR?

PABG.L is cheaper with a 0.20% expense ratio, compared with 0.59% for INFR.

What is the main difference between PABG.L and INFR?

PABG.L is categorized as Europe Equities, while INFR is Energy Equities. PABG.L tracks MSCI EMU NR EUR, while INFR tracks RARE Global Infrastructure Index. They also come from different issuers: Amundi and ClearBridge. Their fees differ too: 0.20% for PABG.L and 0.59% for INFR.