PABU vs. LRND
Compare and contrast key facts about iShares Paris-Aligned Climate MSCI USA ETF (PABU) and IQ U.S. Large Cap R&D Leaders ETF (LRND).
PABU and LRND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PABU is a passively managed fund by iShares that tracks the performance of the MSCI USA Climate Paris Aligned Benchmark Extended Select Index. It was launched on Feb 8, 2022. LRND is a passively managed fund by IndexIQ that tracks the performance of the IQ U.S. Large Cap R&D Leaders Index - Benchmark TR Gross. It was launched on Feb 8, 2022. Both PABU and LRND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PABU or LRND.
Correlation
The correlation between PABU and LRND is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PABU vs. LRND - Performance Comparison
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Key characteristics
PABU:
0.49
LRND:
0.19
PABU:
0.83
LRND:
0.43
PABU:
1.12
LRND:
1.06
PABU:
0.49
LRND:
0.20
PABU:
1.82
LRND:
0.69
PABU:
5.64%
LRND:
6.04%
PABU:
20.58%
LRND:
21.34%
PABU:
-20.85%
LRND:
-25.43%
PABU:
-8.91%
LRND:
-10.73%
Returns By Period
In the year-to-date period, PABU achieves a -5.72% return, which is significantly higher than LRND's -6.21% return.
PABU
-5.72%
8.42%
-6.53%
9.71%
N/A
N/A
LRND
-6.21%
7.31%
-7.48%
4.26%
N/A
N/A
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PABU vs. LRND - Expense Ratio Comparison
PABU has a 0.10% expense ratio, which is lower than LRND's 0.14% 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%.
Risk-Adjusted Performance
PABU vs. LRND — Risk-Adjusted Performance Rank
PABU
LRND
PABU vs. LRND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Paris-Aligned Climate MSCI USA ETF (PABU) and IQ U.S. Large Cap R&D Leaders ETF (LRND). 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.
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Dividends
PABU vs. LRND - Dividend Comparison
PABU's dividend yield for the trailing twelve months is around 1.03%, less than LRND's 1.05% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
PABU iShares Paris-Aligned Climate MSCI USA ETF | 1.03% | 1.01% | 1.06% | 1.00% |
LRND IQ U.S. Large Cap R&D Leaders ETF | 1.05% | 0.97% | 1.22% | 1.32% |
Drawdowns
PABU vs. LRND - Drawdown Comparison
The maximum PABU drawdown since its inception was -20.85%, smaller than the maximum LRND drawdown of -25.43%. Use the drawdown chart below to compare losses from any high point for PABU and LRND. For additional features, visit the drawdowns tool.
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Volatility
PABU vs. LRND - Volatility Comparison
The current volatility for iShares Paris-Aligned Climate MSCI USA ETF (PABU) is 7.21%, while IQ U.S. Large Cap R&D Leaders ETF (LRND) has a volatility of 7.88%. This indicates that PABU experiences smaller price fluctuations and is considered to be less risky than LRND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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