PABU vs. DRLL

Last updated Aug 4, 2026

PABU (iShares Paris-Aligned Climate Optimized MSCI USA ETF) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - PABU is a Large Cap Blend Equities fund tracking the MSCI USA Climate Paris Aligned Benchmark Extended Select PAB Index (USD), while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. Both are passively managed. Over the past 3 years, PABU returned 17.28%/yr vs 12.43%/yr for DRLL. Their 0.17 correlation means their historical movements had little consistent relationship. PABU charges 0.10%/yr vs 0.41%/yr for DRLL.

Performance

PABU vs. DRLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) and Strive U.S. Energy ETF (DRLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PABU achieves a 6.01% return, which is significantly lower than DRLL's 34.95% return.

PABU

• 1D: 1.68%
• 1M: 1.31%
• 6M: 8.07%
• YTD: 6.01%
• 1Y: 15.80%
• 3Y*: 17.28%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.67%

DRLL

• 1D: -1.27%
• 1M: 12.74%
• 6M: 22.18%
• YTD: 34.95%
• 1Y: 42.98%
• 3Y*: 12.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRLL Strive U.S. Energy ETF	$486.14K	$506.54K	$559.53K
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF	$309.37K	$293.89K	$1.47M

PABU vs. DRLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF	6.01%	13.08%	24.84%	29.51%	-10.25%
DRLL Strive U.S. Energy ETF	34.95%	7.74%	0.02%	-1.84%	15.52%

Correlation

The correlation between PABU and DRLL is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.22
Correlation (3Y) Balances recent behavior with more history.	0.04
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	0.17

The correlation between PABU and DRLL shifts across timeframes, from -0.22 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

PABU vs. DRLL - Sectors Allocation Comparison

Sectors	PABU	DRLL
Technology	52.8%	-
Real Estate	16.3%	-
Communication Services	8.2%	-
Financial Services	7.0%	-
Consumer Cyclical	6.3%	0.9%
Healthcare	5.9%	-
Industrials	1.9%	-
Utilities	1.7%	-
Energy	0.7%	99.1%
Basic Materials	0.5%	-
Consumer Defensive	-	-

Return for Risk

PABU vs. DRLL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PABU

PABU Risk / Return Rank: 38
PABU Sharpe Ratio Rank: 41
PABU Sortino Ratio Rank: 39
PABU Omega Ratio Rank: 38
PABU Calmar Ratio Rank: 34
PABU Martin Ratio Rank: 35

DRLL

DRLL Risk / Return Rank: 68
DRLL Sharpe Ratio Rank: 78
DRLL Sortino Ratio Rank: 71
DRLL Omega Ratio Rank: 70
DRLL Calmar Ratio Rank: 69
DRLL Martin Ratio Rank: 53

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.

PABU vs. DRLL - 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 Strive U.S. Energy ETF (DRLL). 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.

	PABU	DRLL	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.88	-0.80
Sortino ratio: Return per unit of downside risk	1.54	2.42	-0.88
Omega ratio: Gain probability vs. loss probability	1.19	1.31	-0.12
Calmar ratio: Return relative to maximum drawdown	1.18	2.54	-1.36
Martin ratio: Return relative to average drawdown	3.53	6.46	-2.93

PABU vs. DRLL - Sharpe Ratio Comparison

The current PABU Sharpe Ratio is 1.08, which is lower than the DRLL Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of PABU and DRLL, 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

PABU vs. DRLL - Drawdown Comparison

The maximum PABU drawdown since its inception was -22.76%, roughly equal to the maximum DRLL drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for PABU and DRLL.

Drawdown Indicators

	PABU	DRLL	Difference
Max Drawdown Largest peak-to-trough decline	-22.76%	-23.73%	+0.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.40%	-16.99%	+3.59%
Max Drawdown (3Y) Largest decline over 3 years	-20.85%	-23.73%	+2.88%
Current Drawdown Current decline from peak	-4.34%	-5.52%	+1.18%
Average Drawdown Average peak-to-trough decline	-5.63%	-8.14%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	6.67%	-2.19%

Volatility

PABU vs. DRLL - Volatility Comparison

The current volatility for iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) is 4.37%, while Strive U.S. Energy ETF (DRLL) has a volatility of 6.98%. This indicates that PABU experiences smaller price fluctuations and is considered to be less risky than DRLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PABU	DRLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	6.98%	-2.61%
Volatility (6M) Calculated over the trailing 6-month period	11.97%	18.78%	-6.81%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	22.98%	-8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	23.79%	-5.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.68%	23.79%	-5.11%

PABU vs. DRLL - Expense Ratio Comparison

PABU has a 0.10% expense ratio, which is lower than DRLL's 0.41% expense ratio.

Dividends

PABU vs. DRLL - Dividend Comparison

PABU's dividend yield for the trailing twelve months is around 0.92%, less than DRLL's 2.25% yield.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.25%	2.99%	3.00%	3.01%	1.18%
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF	0.92%	0.90%	1.00%	1.06%	1.00%

Frequently Asked Questions

Can I hold both PABU and DRLL in my portfolio?

PABU and DRLL have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PABU or DRLL?

DRLL has higher volatility (6.98%) compared to PABU (4.37%). In terms of maximum drawdown, PABU dropped -22.76% vs DRLL's -23.73%.

Which ETF is better, PABU or DRLL?

On 3-year performance, PABU leads with 17.28% vs 12.43% for DRLL. On fees, PABU is cheaper at 0.10% per year. On volatility, PABU has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PABU or DRLL?

Over the 3-year period, PABU has performed better with a 17.28% return vs 12.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PABU or DRLL?

PABU is cheaper with a 0.10% expense ratio, compared with 0.41% for DRLL.

Which ETF pays a higher dividend yield, PABU or DRLL?

DRLL has the higher dividend yield at 2.25%, compared with 0.92% for PABU.

What is the main difference between PABU and DRLL?

PABU is categorized as Large Cap Blend Equities, while DRLL is Energy Equities. PABU tracks MSCI USA Climate Paris Aligned Benchmark Extended Select PAB Index (USD), while DRLL tracks Bloomberg US Energy Select Index. They also come from different issuers: iShares and Strive. Their fees differ too: 0.10% for PABU and 0.41% for DRLL.

Which has better risk-adjusted returns?

DRLL currently has the higher Sharpe Ratio (1.88 vs 1.08), 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.