PABU vs. AFOS
PABU (iShares Paris-Aligned Climate Optimized MSCI USA ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. A 0.76 correlation means they provide meaningful diversification when combined. PABU charges 0.10%/yr vs 0.45%/yr for AFOS.
Performance
PABU vs. AFOS - Performance Comparison
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Returns By Period
In the year-to-date period, PABU achieves a 9.39% return, which is significantly lower than AFOS's 32.04% return.
PABU
- 1D
- -1.29%
- 1M
- 7.47%
- YTD
- 9.39%
- 6M
- 9.10%
- 1Y
- 23.78%
- 3Y*
- 20.14%
- 5Y*
- —
- 10Y*
- —
AFOS
- 1D
- -0.29%
- 1M
- 8.94%
- YTD
- 32.04%
- 6M
- 37.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PABU vs. AFOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF | 9.39% | 10.68% |
AFOS ARS Focused Opportunities Strategy ETF | 32.04% | 36.15% |
Correlation
The correlation between PABU and AFOS is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.76 |
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Return for Risk
PABU vs. AFOS — Risk / Return Rank
PABU
AFOS
PABU vs. AFOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) and ARS Focused Opportunities Strategy ETF (AFOS). 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.
| PABU | AFOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | — | — |
| Martin ratioReturn relative to average drawdown | 6.25 | — | — |
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
| PABU | AFOS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 4.35 | -3.62 |
Drawdowns
PABU vs. AFOS - Drawdown Comparison
The maximum PABU drawdown since its inception was -22.76%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for PABU and AFOS.
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Drawdown Indicators
| PABU | AFOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.76% | -11.52% | -11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.85% | — | — |
Current DrawdownCurrent decline from peak | -1.29% | -0.29% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -1.37% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | — | — |
Volatility
PABU vs. AFOS - Volatility Comparison
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Volatility by Period
| PABU | AFOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.37% | 20.19% | -6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 20.19% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 20.19% | -1.51% |
PABU vs. AFOS - Expense Ratio Comparison
PABU has a 0.10% expense ratio, which is lower than AFOS's 0.45% expense ratio.
Dividends
PABU vs. AFOS - Dividend Comparison
PABU's dividend yield for the trailing twelve months is around 0.86%, more than AFOS's 0.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AFOS ARS Focused Opportunities Strategy ETF | 0.22% | 0.30% | 0.00% | 0.00% | 0.00% |
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF | 0.86% | 0.90% | 1.00% | 1.06% | 1.00% |
Frequently Asked Questions
PABU and AFOS have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PABU is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PABU is cheaper with a 0.10% expense ratio, compared with 0.45% for AFOS.
PABU has the higher dividend yield at 0.86%, compared with 0.22% for AFOS.
They also come from different issuers: iShares and ARS Investment Partners. Their fees differ too: 0.10% for PABU and 0.45% for AFOS.
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