PABU vs. SUSC
PABU (iShares Paris-Aligned Climate Optimized MSCI USA ETF) and SUSC (iShares ESG Aware USD Corporate Bond 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 SUSC is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate ESG Focus Index. Both are passively managed. Over the past 3 years, PABU returned 18.02%/yr vs 5.11%/yr for SUSC. At a 0.34 correlation, their price movements are largely independent. PABU charges 0.10%/yr vs 0.18%/yr for SUSC.
Performance
PABU vs. SUSC - Performance Comparison
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Returns By Period
In the year-to-date period, PABU achieves a 6.81% return, which is significantly higher than SUSC's 0.72% return.
PABU
- 1D
- 1.98%
- 1M
- 1.91%
- YTD
- 6.81%
- 6M
- 7.83%
- 1Y
- 20.95%
- 3Y*
- 18.02%
- 5Y*
- —
- 10Y*
- —
SUSC
- 1D
- 0.03%
- 1M
- 1.23%
- YTD
- 0.72%
- 6M
- 1.11%
- 1Y
- 5.58%
- 3Y*
- 5.11%
- 5Y*
- 0.31%
- 10Y*
- —
PABU vs. SUSC - 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% |
SUSC iShares ESG Aware USD Corporate Bond ETF | 0.72% | 7.57% | 1.91% | 8.58% | -11.12% |
Correlation
The correlation between PABU and SUSC is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.34 |
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Return for Risk
PABU vs. SUSC — Risk / Return Rank
PABU
SUSC
PABU vs. SUSC - 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 ESG Aware USD Corporate Bond ETF (SUSC). 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 | SUSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.95 | -0.38 |
| Martin ratioReturn relative to average drawdown | 5.37 | 5.94 | -0.57 |
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Drawdowns
PABU vs. SUSC - Drawdown Comparison
The maximum PABU drawdown since its inception was -22.76%, roughly equal to the maximum SUSC drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for PABU and SUSC.
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Drawdown Indicators
| PABU | SUSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.76% | -22.42% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | -2.87% | -10.53% |
Max Drawdown (3Y)Largest decline over 3 years | -20.85% | -6.57% | -14.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.42% | — |
Current DrawdownCurrent decline from peak | -3.61% | -1.11% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -5.87% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 0.94% | +2.97% |
Volatility
PABU vs. SUSC - Volatility Comparison
iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) has a higher volatility of 5.97% compared to iShares ESG Aware USD Corporate Bond ETF (SUSC) at 1.46%. This indicates that PABU's price experiences larger fluctuations and is considered to be riskier than SUSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PABU | SUSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 1.46% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 3.30% | +8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 4.36% | +9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 7.19% | +11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 7.62% | +11.14% |
PABU vs. SUSC - Expense Ratio Comparison
PABU has a 0.10% expense ratio, which is lower than SUSC's 0.18% 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. SUSC - Dividend Comparison
PABU's dividend yield for the trailing twelve months is around 1.09%, less than SUSC's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SUSC iShares ESG Aware USD Corporate Bond ETF | 4.48% | 4.37% | 4.34% | 3.83% | 2.97% | 2.21% | 2.19% | 3.07% | 3.33% | 1.33% |
Frequently Asked Questions
PABU and SUSC 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.
PABU has higher volatility (5.97%) compared to SUSC (1.46%). In terms of maximum drawdown, PABU dropped -22.76% vs SUSC's -22.42%.
On 3-year performance, PABU leads with 18.02% vs 5.11% for SUSC. On fees, PABU is cheaper at 0.10% per year. On volatility, SUSC has been the lower-risk option at 1.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PABU has performed better with a 18.02% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PABU is cheaper with a 0.10% expense ratio, compared with 0.18% for SUSC.
SUSC has the higher dividend yield at 4.48%, compared with 1.09% for PABU.
PABU is categorized as Large Cap Blend Equities, while SUSC is Corporate Bonds. PABU tracks MSCI USA Climate Paris Aligned Benchmark Extended Select PAB Index (USD), while SUSC tracks Bloomberg MSCI US Corporate ESG Focus Index. Their fees differ too: 0.10% for PABU and 0.18% for SUSC.
PABU currently has the higher Sharpe Ratio (1.50 vs 1.29), 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.
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