WITS.AS vs. PABG.L
WITS.AS (iShares MSCI World Information Technology Sector ESG UCITS ETF) and PABG.L (Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc) are both exchange-traded funds - WITS.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while PABG.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, WITS.AS returned 20.38%/yr vs 8.80%/yr for PABG.L. A 0.63 correlation means they provide meaningful diversification when combined. WITS.AS charges 0.25%/yr vs 0.20%/yr for PABG.L.
Performance
WITS.AS vs. PABG.L - Performance Comparison
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Different Trading Currencies
WITS.AS 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, WITS.AS achieves a 23.70% return, which is significantly higher than PABG.L's 5.64% return.
WITS.AS
- 1D
- -1.52%
- 1M
- 14.43%
- YTD
- 23.70%
- 6M
- 23.08%
- 1Y
- 47.95%
- 3Y*
- 31.66%
- 5Y*
- 20.38%
- 10Y*
- —
PABG.L
- 1D
- 0.91%
- 1M
- 5.66%
- YTD
- 5.64%
- 6M
- 7.90%
- 1Y
- 15.81%
- 3Y*
- 19.35%
- 5Y*
- 8.80%
- 10Y*
- —
WITS.AS vs. PABG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WITS.AS iShares MSCI World Information Technology Sector ESG UCITS ETF | 23.70% | 22.39% | 28.01% | 60.19% | -33.27% | 27.46% |
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc | 5.64% | 37.39% | 7.19% | 25.70% | -21.32% | 16.71% |
Correlation
The correlation between WITS.AS and PABG.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021 | 0.63 |
The correlation between WITS.AS and PABG.L has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
WITS.AS vs. PABG.L — Risk / Return Rank
WITS.AS
PABG.L
WITS.AS vs. PABG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS) 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.
| WITS.AS | PABG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.17 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 1.16 | +1.79 |
| Martin ratioReturn relative to average drawdown | 9.14 | 4.02 | +5.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WITS.AS | PABG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 0.91 | +1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.43 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.58 | +0.43 |
Drawdowns
WITS.AS vs. PABG.L - Drawdown Comparison
The maximum WITS.AS drawdown since its inception was -39.08%, roughly equal to the maximum PABG.L drawdown of -39.61%. Use the drawdown chart below to compare losses from any high point for WITS.AS and PABG.L.
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Drawdown Indicators
| WITS.AS | PABG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.08% | -39.61% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -13.63% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -25.21% | -15.38% | -9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -39.08% | -39.61% | +0.53% |
Current DrawdownCurrent decline from peak | -2.12% | -0.39% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -8.82% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 3.92% | +1.28% |
Volatility
WITS.AS vs. PABG.L - Volatility Comparison
iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS) has a higher volatility of 7.12% compared to Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L) at 5.45%. This indicates that WITS.AS's price experiences larger fluctuations and is considered to be riskier than PABG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WITS.AS | PABG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.12% | 5.45% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 14.21% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.78% | 17.38% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.75% | 20.28% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 19.93% | +4.68% |
WITS.AS vs. PABG.L - Expense Ratio Comparison
WITS.AS 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
WITS.AS vs. PABG.L - Dividend Comparison
WITS.AS's dividend yield for the trailing twelve months is around 0.25%, while PABG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
WITS.AS iShares MSCI World Information Technology Sector ESG UCITS ETF | 0.25% | 0.31% | 0.38% | 0.46% | 0.81% | 0.41% | 0.73% | 0.12% |
Frequently Asked Questions
WITS.AS and PABG.L have a correlation of 0.57, 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 WITS.AS.
WITS.AS is categorized as Technology Equities, while PABG.L is Europe Equities. WITS.AS tracks MSCI World/Information Tech NR USD, while PABG.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for WITS.AS and 0.20% for PABG.L.
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