PABU vs. DSI

Last updated Jun 16, 2026

PABU (iShares Paris-Aligned Climate Optimized MSCI USA ETF) and DSI (iShares MSCI KLD 400 Social 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 DSI is a Large Cap Growth Equities fund tracking the MSCI KLD 400 Social Index. Both are passively managed. Over the past 3 years, PABU returned 18.02%/yr vs 20.81%/yr for DSI. Their correlation of 0.93 suggests significant overlap in exposure. PABU charges 0.10%/yr vs 0.25%/yr for DSI.

Performance

PABU vs. DSI - 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 iShares MSCI KLD 400 Social ETF (DSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PABU achieves a 6.81% return, which is significantly lower than DSI's 11.83% return.

PABU

• 1D: 1.98%
• 1M: 1.91%
• YTD: 6.81%
• 6M: 7.83%
• 1Y: 20.95%
• 3Y*: 18.02%
• 5Y*: —
• 10Y*: —

DSI

• 1D: 1.78%
• 1M: 2.10%
• YTD: 11.83%
• 6M: 12.35%
• 1Y: 29.36%
• 3Y*: 20.81%
• 5Y*: 13.33%
• 10Y*: 15.60%

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

PABU vs. DSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF	6.81%	13.08%	24.84%	29.51%	-15.45%
DSI iShares MSCI KLD 400 Social ETF	11.83%	18.03%	22.38%	28.51%	-16.01%

Correlation

The correlation between PABU and DSI is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022	0.93

The correlation between PABU and DSI has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

PABU vs. DSI - Sectors Allocation Comparison

Sectors	PABU	DSI
Technology	52.1%	43.1%
Real Estate	16.6%	2.6%
Communication Services	8.4%	12.8%
Financial Services	6.8%	10.1%
Consumer Cyclical	6.0%	8.0%
Healthcare	5.7%	7.0%
Industrials	1.6%	8.0%
Utilities	1.6%	0.9%
Energy	0.9%	1.5%
Basic Materials	0.5%	2.2%
Consumer Defensive	-	4.0%

Return for Risk

PABU vs. DSI — Risk / Return Rank

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

PABU

PABU Risk / Return Rank: 40
PABU Sharpe Ratio Rank: 45
PABU Sortino Ratio Rank: 43
PABU Omega Ratio Rank: 44
PABU Calmar Ratio Rank: 33
PABU Martin Ratio Rank: 37

DSI

DSI Risk / Return Rank: 68
DSI Sharpe Ratio Rank: 74
DSI Sortino Ratio Rank: 72
DSI Omega Ratio Rank: 73
DSI Calmar Ratio Rank: 58
DSI Martin Ratio Rank: 66

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.

PABU vs. DSI - 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 iShares MSCI KLD 400 Social ETF (DSI). 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	DSI	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.17	-0.67
Sortino ratio: Return per unit of downside risk	2.05	2.93	-0.88
Omega ratio: Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	1.57	2.67	-1.10
Martin ratio: Return relative to average drawdown	5.37	11.05	-5.68

PABU vs. DSI - Sharpe Ratio Comparison

The current PABU Sharpe Ratio is 1.50, which is lower than the DSI Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of PABU and DSI, 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. DSI - Drawdown Comparison

The maximum PABU drawdown since its inception was -22.76%, smaller than the maximum DSI drawdown of -54.23%. Use the drawdown chart below to compare losses from any high point for PABU and DSI.

Drawdown Indicators

	PABU	DSI	Difference
Max Drawdown Largest peak-to-trough decline	-22.76%	-54.23%	+31.47%
Max Drawdown (1Y) Largest decline over 1 year	-13.40%	-11.05%	-2.35%
Max Drawdown (3Y) Largest decline over 3 years	-20.85%	-20.58%	-0.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.10%	—
Current Drawdown Current decline from peak	-3.61%	-0.51%	-3.10%
Average Drawdown Average peak-to-trough decline	-5.62%	-7.51%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.91%	2.66%	+1.25%

Volatility

PABU vs. DSI - Volatility Comparison

iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) has a higher volatility of 5.97% compared to iShares MSCI KLD 400 Social ETF (DSI) at 5.40%. This indicates that PABU's price experiences larger fluctuations and is considered to be riskier than DSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PABU	DSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	5.40%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	11.32%	10.95%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	14.06%	13.65%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.76%	18.02%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	18.76%	0.00%

PABU vs. DSI - Expense Ratio Comparison

PABU has a 0.10% expense ratio, which is lower than DSI's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PABU vs. DSI - Dividend Comparison

PABU's dividend yield for the trailing twelve months is around 1.09%, more than DSI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSI iShares MSCI KLD 400 Social ETF	1.04%	0.92%	1.03%	1.19%	1.39%	0.99%	1.22%	1.40%	1.63%	1.28%	1.51%	1.46%
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF	1.09%	0.90%	1.00%	1.06%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PABU and DSI in my portfolio?

With a correlation of 0.94, PABU and DSI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PABU or DSI?

PABU has higher volatility (5.97%) compared to DSI (5.40%). In terms of maximum drawdown, PABU dropped -22.76% vs DSI's -54.23%.

Which ETF is better, PABU or DSI?

On 3-year performance, DSI leads with 20.81% vs 18.02% for PABU. On fees, PABU is cheaper at 0.10% per year. On volatility, DSI has been the lower-risk option at 5.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PABU or DSI?

Over the 3-year period, DSI has performed better with a 20.81% return vs 18.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PABU or DSI?

PABU is cheaper with a 0.10% expense ratio, compared with 0.25% for DSI.

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

PABU has the higher dividend yield at 1.09%, compared with 1.04% for DSI.

What is the main difference between PABU and DSI?

PABU is categorized as Large Cap Blend Equities, while DSI is Large Cap Growth Equities. PABU tracks MSCI USA Climate Paris Aligned Benchmark Extended Select PAB Index (USD), while DSI tracks MSCI KLD 400 Social Index. Their fees differ too: 0.10% for PABU and 0.25% for DSI.

Which has better risk-adjusted returns?

DSI currently has the higher Sharpe Ratio (2.17 vs 1.50), 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.