Correlation
The correlation between PABU and VHT is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
PABU vs. VHT
Compare and contrast key facts about iShares Paris-Aligned Climate MSCI USA ETF (PABU) and Vanguard Health Care ETF (VHT).
PABU and VHT 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. VHT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Health Care 25/50 Index. It was launched on Jan 26, 2004. Both PABU and VHT 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 VHT.
Performance
PABU vs. VHT - Performance Comparison
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Key characteristics
PABU:
0.68
VHT:
-0.28
PABU:
0.98
VHT:
-0.32
PABU:
1.14
VHT:
0.96
PABU:
0.60
VHT:
-0.30
PABU:
2.19
VHT:
-0.70
PABU:
5.75%
VHT:
7.32%
PABU:
20.98%
VHT:
16.11%
PABU:
-20.85%
VHT:
-39.12%
PABU:
-4.43%
VHT:
-14.44%
Returns By Period
In the year-to-date period, PABU achieves a -1.08% return, which is significantly higher than VHT's -3.58% return.
PABU
-1.08%
6.45%
-2.57%
13.72%
13.96%
N/A
N/A
VHT
-3.58%
-2.38%
-9.83%
-5.74%
1.72%
5.85%
7.30%
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PABU vs. VHT - Expense Ratio Comparison
Both PABU and VHT have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
PABU vs. VHT — Risk-Adjusted Performance Rank
PABU
VHT
PABU vs. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Paris-Aligned Climate MSCI USA ETF (PABU) and Vanguard Health Care ETF (VHT). 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. VHT - Dividend Comparison
PABU's dividend yield for the trailing twelve months is around 0.98%, less than VHT's 1.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PABU iShares Paris-Aligned Climate MSCI USA ETF | 0.98% | 1.01% | 1.06% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VHT Vanguard Health Care ETF | 1.64% | 1.53% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% |
Drawdowns
PABU vs. VHT - Drawdown Comparison
The maximum PABU drawdown since its inception was -20.85%, smaller than the maximum VHT drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for PABU and VHT.
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Volatility
PABU vs. VHT - Volatility Comparison
The current volatility for iShares Paris-Aligned Climate MSCI USA ETF (PABU) is 4.91%, while Vanguard Health Care ETF (VHT) has a volatility of 7.45%. This indicates that PABU experiences smaller price fluctuations and is considered to be less risky than VHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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