PABU vs. GXLC

Last updated Jul 15, 2026

PABU (iShares Paris-Aligned Climate Optimized MSCI USA ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - PABU tracks the MSCI USA Climate Paris Aligned Benchmark Extended Select PAB Index (USD) while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. With a 0.95 correlation, they move nearly in lockstep. PABU charges 0.10%/yr vs 0.02%/yr for GXLC.

Performance

PABU vs. GXLC - 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 Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PABU achieves a 5.10% return, which is significantly lower than GXLC's 10.89% return.

PABU

• 1D: -0.48%
• 1M: 0.35%
• 6M: 5.27%
• YTD: 5.10%
• 1Y: 14.45%
• 3Y*: 16.34%
• 5Y*: —
• 10Y*: —

GXLC

• 1D: 0.38%
• 1M: 1.73%
• 6M: 9.12%
• YTD: 10.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PABU vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF	5.10%	2.37%
GXLC Global X U.S. 500 ETF	10.89%	3.22%

Correlation

The correlation between PABU and GXLC is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.95

Return for Risk

PABU vs. GXLC — Risk / Return Rank

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

PABU

PABU Risk / Return Rank: 31
PABU Sharpe Ratio Rank: 34
PABU Sortino Ratio Rank: 32
PABU Omega Ratio Rank: 32
PABU Calmar Ratio Rank: 27
PABU Martin Ratio Rank: 30

GXLC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GXLC - 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 Global X U.S. 500 ETF (GXLC). 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	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	1.44	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.08	—	—
Martin ratio: Return relative to average drawdown	3.44	—	—

Drawdowns

PABU vs. GXLC - Drawdown Comparison

The maximum PABU drawdown since its inception was -22.76%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for PABU and GXLC.

Drawdown Indicators

	PABU	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-22.76%	-9.08%	-13.68%
Max Drawdown (1Y) Largest decline over 1 year	-13.40%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.85%	—	—
Current Drawdown Current decline from peak	-5.15%	-0.74%	-4.41%
Average Drawdown Average peak-to-trough decline	-5.62%	-1.55%	-4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	—	—

Volatility

Volatility by Period

	PABU	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	13.57%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	13.57%	+5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	13.57%	+5.14%

PABU vs. GXLC - Expense Ratio Comparison

PABU has a 0.10% expense ratio, which is higher than GXLC's 0.02% 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

PABU vs. GXLC - Dividend Comparison

PABU's dividend yield for the trailing twelve months is around 0.93%, more than GXLC's 0.63% yield.

Position	TTM	2025	2024	2023	2022
GXLC Global X U.S. 500 ETF	0.63%	0.30%	0.00%	0.00%	0.00%
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF	0.93%	0.90%	1.00%	1.06%	1.00%

Frequently Asked Questions

Can I hold both PABU and GXLC in my portfolio?

With a correlation of 0.95, PABU and GXLC 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 ETF is better, PABU or GXLC?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PABU or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.10% for PABU.

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

PABU has the higher dividend yield at 0.93%, compared with 0.63% for GXLC.

What is the main difference between PABU and GXLC?

PABU tracks MSCI USA Climate Paris Aligned Benchmark Extended Select PAB Index (USD), while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.10% for PABU and 0.02% for GXLC.