PABG.L vs. VTHRX

Last updated Jun 5, 2026

PABG.L (Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc) and VTHRX (Vanguard Target Retirement 2030 Fund) are both funds - PABG.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while VTHRX is a Target Retirement Date fund managed by Vanguard. Over the past 5 years, PABG.L returned 9.95%/yr vs 8.04%/yr for VTHRX. At a 0.40 correlation, their price movements are largely independent. PABG.L charges 0.20%/yr vs 0.08%/yr for VTHRX.

Performance

PABG.L vs. VTHRX - 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 Vanguard Target Retirement 2030 Fund (VTHRX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PABG.L is traded in GBP, while VTHRX is traded in USD. To make them comparable, the VTHRX 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 5.89% return, which is significantly lower than VTHRX's 8.13% return.

PABG.L

• 1D: 0.86%
• 1M: 3.40%
• YTD: 5.89%
• 6M: 6.95%
• 1Y: 16.55%
• 3Y*: 16.35%
• 5Y*: 9.95%
• 10Y*: —

VTHRX

• 1D: 0.21%
• 1M: 2.59%
• YTD: 8.13%
• 6M: 7.44%
• 1Y: 20.58%
• 3Y*: 11.57%
• 5Y*: 8.04%
• 10Y*: 9.64%

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

PABG.L vs. VTHRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc	5.89%	27.75%	9.01%	19.40%	-11.91%	18.30%
VTHRX Vanguard Target Retirement 2030 Fund	8.13%	7.97%	12.36%	10.43%	-6.33%	11.82%

Correlation

The correlation between PABG.L and VTHRX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021	0.40

PABG.L vs. VTHRX - Sectors Allocation Comparison

Sectors	PABG.L	VTHRX
Financial Services	32.6%	16.0%
Technology	19.8%	27.4%
Industrials	16.1%	12.3%
Consumer Cyclical	9.9%	9.4%
Healthcare	8.2%	8.3%
Consumer Defensive	4.2%	4.8%
Utilities	4.1%	2.7%
Communication Services	3.5%	8.0%
Real Estate	1.1%	2.5%
Basic Materials	0.4%	4.2%
Energy	0.2%	4.3%

Return for Risk

PABG.L vs. VTHRX — 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: 31
PABG.L Sharpe Ratio Rank: 31
PABG.L Sortino Ratio Rank: 32
PABG.L Omega Ratio Rank: 31
PABG.L Calmar Ratio Rank: 30
PABG.L Martin Ratio Rank: 33

VTHRX

VTHRX Risk / Return Rank: 67
VTHRX Sharpe Ratio Rank: 69
VTHRX Sortino Ratio Rank: 69
VTHRX Omega Ratio Rank: 68
VTHRX Calmar Ratio Rank: 61
VTHRX Martin Ratio Rank: 69

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. VTHRX - 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 Vanguard Target Retirement 2030 Fund (VTHRX). 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	VTHRX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	2.65	-1.56
Sortino ratio: Return per unit of downside risk	1.68	3.60	-1.92
Omega ratio: Gain probability vs. loss probability	1.20	1.52	-0.31
Calmar ratio: Return relative to maximum drawdown	1.43	4.15	-2.72
Martin ratio: Return relative to average drawdown	4.90	15.12	-10.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PABG.L vs. VTHRX - Sharpe Ratio Comparison

The current PABG.L Sharpe Ratio is 1.10, which is lower than the VTHRX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of PABG.L and VTHRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PABG.L	VTHRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	2.65	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.85	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.62	+0.10

Drawdowns

PABG.L vs. VTHRX - Drawdown Comparison

The maximum PABG.L drawdown since its inception was -26.49%, roughly equal to the maximum VTHRX drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for PABG.L and VTHRX.

Drawdown Indicators

	PABG.L	VTHRX	Difference
Max Drawdown Largest peak-to-trough decline	-26.49%	-26.52%	+0.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.78%	-4.86%	-6.92%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-12.88%	-0.96%
Max Drawdown (5Y) Largest decline over 5 years	-26.49%	-12.88%	-13.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.59%	—
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-5.63%	-3.80%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	1.33%	+2.12%

Volatility

PABG.L vs. VTHRX - 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 Vanguard Target Retirement 2030 Fund (VTHRX) at 2.13%. This indicates that PABG.L's price experiences larger fluctuations and is considered to be riskier than VTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PABG.L	VTHRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	2.13%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	12.73%	5.82%	+6.91%
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	7.61%	+7.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	9.52%	+7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	11.79%	+4.94%

PABG.L vs. VTHRX - Expense Ratio Comparison

PABG.L has a 0.20% expense ratio, which is higher than VTHRX's 0.08% 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. VTHRX - Dividend Comparison

PABG.L has not paid dividends to shareholders, while VTHRX's dividend yield for the trailing twelve months is around 3.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTHRX Vanguard Target Retirement 2030 Fund	3.74%	4.03%	3.63%	2.59%	2.53%	17.56%	2.56%	2.38%	2.71%	0.06%	2.38%	3.72%

Frequently Asked Questions

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

PABG.L and VTHRX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.