PABG.L vs. PACW.L
PABG.L (Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both exchange-traded funds - PABG.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while PACW.L is a Global Equities fund tracking the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, PABG.L returned 16.92% vs 30.29% for PACW.L. A 0.73 correlation means they provide meaningful diversification when combined. PABG.L charges 0.20%/yr vs 0.07%/yr for PACW.L.
Performance
PABG.L vs. PACW.L - Performance Comparison
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Returns By Period
In the year-to-date period, PABG.L achieves a 5.89% return, which is significantly lower than PACW.L's 11.92% return.
PABG.L
- 1D
- 0.86%
- 1M
- 6.56%
- YTD
- 5.89%
- 6M
- 7.11%
- 1Y
- 16.92%
- 3Y*
- 16.35%
- 5Y*
- 9.95%
- 10Y*
- —
PACW.L
- 1D
- -0.04%
- 1M
- 5.24%
- YTD
- 11.92%
- 6M
- 12.31%
- 1Y
- 30.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PABG.L vs. PACW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc | 5.89% | 13.23% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 11.92% | 9.58% |
Correlation
The correlation between PABG.L and PACW.L is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.73 |
The correlation between PABG.L and PACW.L has been stable across timeframes, ranging from 0.73 to 0.73 - a consistent structural relationship.
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Return for Risk
PABG.L vs. PACW.L — Risk / Return Rank
PABG.L
PACW.L
PABG.L vs. PACW.L - 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 Amundi Prime All Country World UCITS ETF Income (PACW.L). 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.
| PABG.L | PACW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.55 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 4.27 | -2.84 |
| Martin ratioReturn relative to average drawdown | 4.90 | 17.43 | -12.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PABG.L | PACW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 2.89 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.24 | -0.52 |
Drawdowns
PABG.L vs. PACW.L - Drawdown Comparison
The maximum PABG.L drawdown since its inception was -26.49%, which is greater than PACW.L's maximum drawdown of -17.68%. Use the drawdown chart below to compare losses from any high point for PABG.L and PACW.L.
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Drawdown Indicators
| PABG.L | PACW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.49% | -17.68% | -8.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.78% | -7.06% | -4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -13.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.46% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -3.02% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 1.73% | +1.72% |
Volatility
PABG.L vs. PACW.L - Volatility Comparison
Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L) has a higher volatility of 4.81% compared to Amundi Prime All Country World UCITS ETF Income (PACW.L) at 2.93%. This indicates that PABG.L's price experiences larger fluctuations and is considered to be riskier than PACW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PABG.L | PACW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 2.93% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 7.75% | +4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 10.42% | +4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 13.91% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 13.91% | +2.82% |
PABG.L vs. PACW.L - Expense Ratio Comparison
PABG.L has a 0.20% expense ratio, which is higher than PACW.L's 0.07% 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
PABG.L vs. PACW.L - Dividend Comparison
PABG.L has not paid dividends to shareholders, while PACW.L's dividend yield for the trailing twelve months is around 1.23%.
| Position | TTM |
|---|---|
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc | 0.00% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.23% |
Frequently Asked Questions
PABG.L and PACW.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PACW.L is cheaper with a 0.07% expense ratio, compared with 0.20% for PABG.L.
PABG.L is categorized as Europe Equities, while PACW.L is Global Equities. PABG.L tracks MSCI EMU NR EUR, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. Their fees differ too: 0.20% for PABG.L and 0.07% for PACW.L.
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