VTHRX vs. PABG.L

Last updated Jun 14, 2026

VTHRX (Vanguard Target Retirement 2030 Fund) and PABG.L (Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc) are both funds - VTHRX is a Target Retirement Date fund managed by Vanguard, while PABG.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Over the past 5 years, VTHRX returned 6.55%/yr vs 8.94%/yr for PABG.L. A 0.62 correlation means they provide meaningful diversification when combined. VTHRX charges 0.08%/yr vs 0.20%/yr for PABG.L.

Performance

VTHRX vs. PABG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Retirement 2030 Fund (VTHRX) 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.

Different Trading Currencies

VTHRX 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, VTHRX achieves a 6.52% return, which is significantly lower than PABG.L's 6.96% return.

VTHRX

• 1D: 1.60%
• 1M: -0.02%
• YTD: 6.52%
• 6M: 7.17%
• 1Y: 17.56%
• 3Y*: 13.65%
• 5Y*: 6.55%
• 10Y*: 8.89%

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)

VTHRX vs. PABG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VTHRX Vanguard Target Retirement 2030 Fund	6.52%	16.25%	10.43%	16.24%	-16.28%	11.37%	15.86%
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 VTHRX and PABG.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jul 6, 2020	0.62

The correlation between VTHRX and PABG.L has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

Return for Risk

VTHRX vs. PABG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTHRX

VTHRX Risk / Return Rank: 73
VTHRX Sharpe Ratio Rank: 73
VTHRX Sortino Ratio Rank: 73
VTHRX Omega Ratio Rank: 73
VTHRX Calmar Ratio Rank: 69
VTHRX Martin Ratio Rank: 76

PABG.L

PABG.L Risk / Return Rank: 35
PABG.L Sharpe Ratio Rank: 35
PABG.L Sortino Ratio Rank: 37
PABG.L Omega Ratio Rank: 34
PABG.L Calmar Ratio Rank: 34
PABG.L Martin Ratio Rank: 37

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2030 Fund (VTHRX) 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.

	VTHRX	PABG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.00	0.89	+1.11
Sortino ratio: Return per unit of downside risk	2.82	1.42	+1.40
Omega ratio: Gain probability vs. loss probability	1.38	1.17	+0.21
Calmar ratio: Return relative to maximum drawdown	2.60	1.15	+1.45
Martin ratio: Return relative to average drawdown	11.15	4.02	+7.13

VTHRX vs. PABG.L - Sharpe Ratio Comparison

The current VTHRX Sharpe Ratio is 2.00, which is higher than the PABG.L Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of VTHRX 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.

Drawdowns

VTHRX vs. PABG.L - Drawdown Comparison

The maximum VTHRX drawdown since its inception was -49.57%, 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 VTHRX and PABG.L.

Drawdown Indicators

	VTHRX	PABG.L	Difference
Max Drawdown Largest peak-to-trough decline	-49.57%	-39.61%	-9.96%
Max Drawdown (1Y) Largest decline over 1 year	-6.56%	-13.62%	+7.06%
Max Drawdown (3Y) Largest decline over 3 years	-9.64%	-15.38%	+5.74%
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	-39.61%	+16.86%
Max Drawdown (10Y) Largest decline over 10 years	-24.86%	—	—
Current Drawdown Current decline from peak	-1.42%	0.00%	-1.42%
Average Drawdown Average peak-to-trough decline	-6.18%	-8.47%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	3.91%	-2.38%

Volatility

VTHRX vs. PABG.L - Volatility Comparison

The current volatility for Vanguard Target Retirement 2030 Fund (VTHRX) is 3.52%, while Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L) has a volatility of 4.76%. This indicates that VTHRX experiences smaller price fluctuations and is considered to be less risky than PABG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTHRX	PABG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	4.76%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	7.09%	14.47%	-7.38%
Volatility (1Y) Calculated over the trailing 1-year period	8.53%	17.58%	-9.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.43%	21.87%	-11.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.28%	21.78%	-10.50%

VTHRX vs. PABG.L - Expense Ratio Comparison

VTHRX has a 0.08% expense ratio, which is lower than PABG.L's 0.20% 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

VTHRX vs. PABG.L - Dividend Comparison

VTHRX's dividend yield for the trailing twelve months is around 3.78%, while PABG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VTHRX Vanguard Target Retirement 2030 Fund	3.78%	4.03%	3.63%	2.59%	2.53%	17.56%	2.56%	2.38%	2.71%	0.06%	2.38%	3.72%

Frequently Asked Questions

Can I hold both VTHRX and PABG.L in my portfolio?

VTHRX and PABG.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.