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SUSA vs. PABG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SUSA vs. PABG.L

Last updated Jun 14, 2026

SUSA (iShares MSCI USA ESG Select ETF) and PABG.L (Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc) are both exchange-traded funds - SUSA is a Large Cap Growth Equities fund tracking the MSCI USA ESG Select Index, while PABG.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, SUSA returned 11.37%/yr vs 8.94%/yr for PABG.L. A 0.53 correlation means they provide meaningful diversification when combined. SUSA charges 0.25%/yr vs 0.20%/yr for PABG.L.

Performance

SUSA vs. PABG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA ESG Select ETF (SUSA) and Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SUSA is traded in USD, while PABG.L is traded in GBP. To make them comparable, the PABG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SUSA achieves a 9.38% return, which is significantly higher than PABG.L's 6.96% return.

SUSA

1D
0.53%
1M
0.44%
YTD
9.38%
6M
9.38%
1Y
25.21%
3Y*
19.45%
5Y*
11.37%
10Y*
15.02%

PABG.L

1D
2.08%
1M
5.44%
YTD
6.96%
6M
8.47%
1Y
18.27%
3Y*
18.83%
5Y*
8.94%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SUSA vs. PABG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SUSA
iShares MSCI USA ESG Select ETF		9.38%15.72%22.43%23.88%-21.38%30.45%22.68%
PABG.L
Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc		6.96%37.40%7.19%25.69%-21.32%4.13%19.15%

Correlation

The correlation between SUSA and PABG.L is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.58

Correlation (3Y)
Calculated over the trailing 3-year period

0.49

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (All Time)
Calculated using the full available price history since Jul 6, 2020

0.53

The correlation between SUSA and PABG.L has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

SUSA vs. PABG.L - Sectors Allocation Comparison

Sectors
SUSA
PABG.L

Technology

40.2%
20.8%

Financial Services

11.6%
32.0%

Industrials

9.0%
16.3%

Healthcare

8.9%
8.0%

Communication Services

8.1%
3.4%

Consumer Cyclical

7.4%
9.8%

Consumer Defensive

4.1%
4.1%

Energy

3.5%
0.2%

Real Estate

2.9%
1.1%

Basic Materials

2.3%
0.4%

Utilities

1.9%
4.0%

Technology

SUSA
40.2%
PABG.L
20.8%

Financial Services

SUSA
11.6%
PABG.L
32.0%

Industrials

SUSA
9.0%
PABG.L
16.3%

Healthcare

SUSA
8.9%
PABG.L
8.0%

Communication Services

SUSA
8.1%
PABG.L
3.4%

Consumer Cyclical

SUSA
7.4%
PABG.L
9.8%

Consumer Defensive

SUSA
4.1%
PABG.L
4.1%

Energy

SUSA
3.5%
PABG.L
0.2%

Real Estate

SUSA
2.9%
PABG.L
1.1%

Basic Materials

SUSA
2.3%
PABG.L
0.4%

Utilities

SUSA
1.9%
PABG.L
4.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA ESG Select ETF

Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc

Often compared with SUSA:
SUSA vs. ESGUSUSA vs. ESGVSUSA vs. SUSLSUSA vs. SPYSUSA vs. VOOSUSA vs. IQSUSUSA vs. JEPI
Often compared with PABG.L:
PABG.L vs. LYPG.DEPABG.L vs. JPCT.DEPABG.L vs. ZPAB.DEPABG.L vs. XLVP.LPABG.L vs. LWCR.DEPABG.L vs. XDWT.DEPABG.L vs. WITS.AS

Return for Risk

SUSA vs. PABG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SUSA
SUSA Risk / Return Rank: 6262
Overall Rank
SUSA Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
SUSA Sortino Ratio Rank: 6262
Sortino Ratio Rank
SUSA Omega Ratio Rank: 6262
Omega Ratio Rank
SUSA Calmar Ratio Rank: 5555
Calmar Ratio Rank
SUSA Martin Ratio Rank: 6666
Martin Ratio Rank
PABG.L
PABG.L Risk / Return Rank: 3535
Overall Rank
PABG.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
PABG.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
PABG.L Omega Ratio Rank: 3434
Omega Ratio Rank
PABG.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
PABG.L Martin Ratio Rank: 3737
Martin Ratio Rank
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.

SUSA vs. PABG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Select ETF (SUSA) and Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L). 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.

SUSAPABG.LDifference
Sharpe ratioReturn per unit of total volatility
1.83
0.89

+0.94

Sortino ratioReturn per unit of downside risk
2.50
1.42

+1.08

Omega ratioGain probability vs. loss probability

1.33

1.17

+0.16

Calmar ratioReturn relative to maximum drawdown

2.42

1.15

+1.27

Martin ratioReturn relative to average drawdown

10.46

4.02

+6.44

SUSA vs. PABG.L - Sharpe Ratio Comparison

The current SUSA Sharpe Ratio is 1.83, which is higher than the PABG.L Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of SUSA and PABG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SUSA vs. PABG.L - Drawdown Comparison

The maximum SUSA drawdown since its inception was -53.93%, which is greater than PABG.L's maximum drawdown of -39.61%. Use the drawdown chart below to compare losses from any high point for SUSA and PABG.L.

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Drawdown Indicators

SUSAPABG.LDifference

Max Drawdown

Largest peak-to-trough decline

-53.93%

-39.61%

-14.32%

Max Drawdown (1Y)

Largest decline over 1 year

-9.71%

-13.62%

+3.91%

Max Drawdown (3Y)

Largest decline over 3 years

-19.30%

-15.38%

-3.92%

Max Drawdown (5Y)

Largest decline over 5 years

-28.23%

-39.61%

+11.38%

Max Drawdown (10Y)

Largest decline over 10 years

-32.93%

—

—

Current Drawdown

Current decline from peak

-2.42%

0.00%

-2.42%

Average Drawdown

Average peak-to-trough decline

-7.24%

-8.47%

+1.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.25%

3.91%

-1.66%

Volatility

SUSA vs. PABG.L - Volatility Comparison

iShares MSCI USA ESG Select ETF (SUSA) and Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L) have volatilities of 4.67% and 4.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SUSAPABG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.67%

4.76%

-0.09%

Volatility (6M)

Calculated over the trailing 6-month period

10.22%

14.47%

-4.25%

Volatility (1Y)

Calculated over the trailing 1-year period

12.85%

17.58%

-4.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.40%

21.87%

-4.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.18%

21.78%

-3.60%

SUSA vs. PABG.L - Expense Ratio Comparison

SUSA has a 0.25% expense ratio, which is higher than PABG.L's 0.20% 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

SUSA vs. PABG.L - Dividend Comparison

SUSA's dividend yield for the trailing twelve months is around 0.84%, while PABG.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
PABG.L
Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SUSA
iShares MSCI USA ESG Select ETF		0.84%0.89%1.15%1.32%1.52%0.98%1.17%1.52%1.72%1.40%1.56%1.42%

Frequently Asked Questions

SUSA and PABG.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, PABG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

PABG.L is cheaper with a 0.20% expense ratio, compared with 0.25% for SUSA.

SUSA is categorized as Large Cap Growth Equities, while PABG.L is Europe Equities. SUSA tracks MSCI USA ESG Select Index, while PABG.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for SUSA and 0.20% for PABG.L.

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