PABU vs. SPCT
PABU (iShares Paris-Aligned Climate Optimized MSCI USA ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. PABU is passively managed, while SPCT is actively managed. Their 0.39 correlation means their historical movements had little consistent relationship. PABU charges 0.10%/yr vs 0.85%/yr for SPCT.
Performance
PABU vs. SPCT - Performance Comparison
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Returns By Period
In the year-to-date period, PABU achieves a 6.01% return, which is significantly lower than SPCT's 10.76% 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%
SPCT
- 1D
- 0.47%
- 1M
- 1.81%
- 6M
- 5.83%
- YTD
- 10.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $309.37K | $293.89K | $1.47M | |
| $157.25K | $177.53K | $226.24K |
PABU vs. SPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF | 6.01% | 2.35% |
SPCT Liberty One Spectrum ETF | 10.76% | 1.93% |
Correlation
The correlation between PABU and SPCT is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.39 |
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Return for Risk
PABU vs. SPCT — Risk / Return Rank
PABU
SPCT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PABU vs. SPCT - 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 Liberty One Spectrum ETF (SPCT). 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 | SPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | — | — |
| Martin ratioReturn relative to average drawdown | 3.53 | — | — |
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Drawdowns
PABU vs. SPCT - Drawdown Comparison
The maximum PABU drawdown since its inception was -22.76%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for PABU and SPCT.
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Drawdown Indicators
| PABU | SPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.76% | -7.17% | -15.59% |
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 | -4.34% | -1.03% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -1.44% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | — | — |
Volatility
PABU vs. SPCT - Volatility Comparison
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Volatility by Period
| PABU | SPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 9.36% | +5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 9.36% | +9.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 9.36% | +9.32% |
PABU vs. SPCT - Expense Ratio Comparison
PABU has a 0.10% expense ratio, which is lower than SPCT's 0.85% expense ratio.
Dividends
PABU vs. SPCT - Dividend Comparison
PABU's dividend yield for the trailing twelve months is around 0.92%, more than SPCT's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF | 0.92% | 0.90% | 1.00% | 1.06% | 1.00% |
SPCT Liberty One Spectrum ETF | 0.76% | 0.16% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PABU and SPCT have a correlation of 0.39, 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 0.85% for SPCT.
PABU has the higher dividend yield at 0.92%, compared with 0.76% for SPCT.
They also come from different issuers: iShares and Liberty One. Their fees differ too: 0.10% for PABU and 0.85% for SPCT.
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