iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF
$67.77+0.19 (+0.28%)
- 0.12%
- $321M
- +11.4%
- 3.08%
- 0M sh
- $67.40
- low $57.00high $71.88
The ETF.net PABD Grade
B
Score 69 out of 100
- 5 of 18
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A91 out of 100Rank 2 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 15Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 17 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F22 out of 100Rank 18 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 6 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 17 of 18
Our read on PABD
BMost international sustainable funds run a broad ESG scorecard. PABD aims at one target: carbon. It tracks an MSCI World ex USA Paris-aligned climate index across roughly 400 developed-market stocks outside the US, for 0.12% a year.
The fund seeks to track an index of international developed companies aligned with the Paris Agreement, providing core equity exposure while targeting the low-carbon transition and reduced climate-related risks.
Why people hold it
- Costs 0.12% a year, roughly half the typical fund in its international ESG peer group and under iShares' own broader ESG Aware EAFE fund, ESGD, at 0.20%.
- Climate is the whole mandate, not a side filter: the index applies Paris-aligned screens rather than a general ESG rating, across about 400 developed-market names outside the US.ishares.com
- The portfolio lines up with what the name promises, one of the more faithful implementations in its peer group, and it holds no US stocks by design.
Worth knowing
- Thinly traded next to the household-name international funds, so bid-ask spreads can run wider and large orders need more care.
- Launched in 2024, so the live record is short, and the climate screens shift sector and stock weights away from a plain World ex USA index.
- Pays once or twice a year rather than quarterly, so distributions arrive in lumps.
PABD Holdings
- Stocks
- 417
- 15%
- ASML.AS
Sectors
- Financials30.6%
- Industrials15.4%
- Information Technology13.9%
- Health Care12.0%
- Consumer Discretionary5.8%
- Real Estate5.6%
- Materials5.2%
- Utilities4.4%
- Consumer Staples4.1%
- Communication2.6%
- Energy0.2%
Geography
- Japan19.97%
- Canada13.55%
- Switzerland10.23%
- United Kingdom9.55%
- France7.51%
- Germany5.85%
- Netherlands5.41%
- Australia5.39%
- 22.55%
Developed 99% · Emerging 1%
PABD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
PABD$11,141
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PABD |
|---|---|
| Year to date | +5.9% |
| 1 month | −3.0% |
| 3 months | −2.6% |
| 1 year | +11.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PABD |
|---|---|---|
| 2026 YTD | +5.9% | |
| 2025 | +30.1% | |
| 2024 | +5.3% |
PABD in the news
PABD Dividends
- 3.08%
- $2.08
- $1.01 per share
- Twice a year
Distribution history
PABD Risk
- 12.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.82
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.64
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PABD Cost
0.12%
PABD0.12%
- The middle half of International ESG & Values Index funds
- Median 0.26%
1 of the 18 International ESG & Values Index funds charge less.
Other funds in International ESG & Values Index
- ADMXFiShares ESG Advanced MSCI EAFE ETFExpense ratio 0.12%1 year return +17.4%
- AEFAXState Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETFExpense ratio 0.20%1 year return +13.0%
- BFEDMNorthern Trust ESG & Climate Developed Markets ex-US Core ETFExpense ratio 0.16%1 year return +15.7%
- BNUDMNuveen ESG International Developed Markets EquityExpense ratio 0.27%1 year return +12.7%
- BAVSDAvantis Responsible International Equity ETFExpense ratio 0.23%1 year return +15.0%