Skip to content
etf.net

Launched · SEC filings

iShares Paris-Aligned Climate Optimized MSCI USA ETF

PABUNasdaqiSharesB

$76.11−0.84 (−1.09%)

At close: Nov 2, 2026, 4:00 PM ET

B67/ 100

Rank 14 of 48 in US ESG & Values Index

B67/100Rank 14 of 48inUS ESG & Values Index
Intraday session: down, 79 prints from 76.95 to 76.11. Range 76.11 to 77.67. Use the arrow keys to read each point.76.5076.7577.2577.5077.7510 AM12 PM2 PM4 PM
Expense ratio
0.10%
Fund size
$2.41B
1Y total return
+4.0%
Yield · Last 12 months
0.97%
Holdings
89
Avg volume · 30D
13.1K sh
52W range
low $63.89high $80.79
Launched
Filings
SEC EDGAR

The ETF.net PABU Grade

B

Score 67 out of 100

Category
US ESG & Values Index⁠
Rank
14 of 48
Six-pillar profile for PABU. Scores out of 100: Cost 86, Risk 24, Mission 91, Tradability 64, Holdings 26, Durability 69. Strongest: Mission (91). Weakest: Risk (24). Leans toward Mission and Cost.

Score 67 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.
    A86 out of 100
    Rank 3 of 48

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A91 out of 100
    Rank 22 of 43

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F24 out of 100
    Rank 46 of 48

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 13 of 48

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D26 out of 100
    Rank 47 of 48

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 15 of 48

Our read on PABU

ETF.net Research

In short

BA Paris climate mandate at plain index-fund pricing. PABU follows an MSCI benchmark that pushes US large and mid caps onto a decarbonization path, landing on roughly 90 stocks for 0.10% a year.

Stated mandate

The fund tracks the MSCI USA Climate Paris Aligned Benchmark Extended Select Index, which is composed of U.S. large- and mid-capitalization stocks selected and weighted to follow a decarbonization trajectory, reduce climate-related transition and physical risks, and increase exposure to companies positioned for the low-carbon transition.

Why people hold it

  • 0.10% a year, half the 0.20% median for its US equity peer group, and level with the cheapest broad-beta names in that group like GUSA.
  • The climate work is written into the index, not left to a manager: MSCI selects and weights names to follow a decarbonization trajectory and cut transition and physical climate risk.ishares.com
  • Live since 2022, run on the iShares shelf, and now a multi-billion-dollar fund. Among the stronger mandate implementations in its peer group.
  • Quarterly distributions and a straightforward index structure, so there is no derivatives layer or options overlay to unpack.

Worth knowing

  • Roughly 90 stocks, not the whole market. Results can diverge from a standard US large-cap fund in either direction.
  • Thinly traded next to broad-beta peers such as ILCB, so spreads can widen and limit orders matter more than the expense ratio suggests.
  • The decarbonization rules reshape sector and stock weights versus a market-cap MSCI USA portfolio. That tilt is the point, not a side effect.

PABU Performance

Launched Feb 8, 2022

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.
PABU$10,395
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. PABU $10,395. SPY $11,146. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for PABU. Periods over one year show the average yearly return.
PeriodPABU
Year to date+5.2%
1 month−3.8%
3 months+0.9%
1 year+4.0%
3 yearsper year+18.7%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PABU
YearReturn barPABU
2026 YTD+5.2%
2025+13.1%
2024+24.8%
2023+29.5%
2022−15.3%

History from Apr 20, 2022

PABU in the news

PABU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
0.97%Last 12 months
Payout per share
$0.74Last 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 19 payments from 2022 to 2026 YTD. Mar 24, 2022 $0.06; Jun 9, 2022 $0.11; Sep 26, 2022 $0.15; Dec 13, 2022 $0.16; Mar 23, 2023 $0.13; Jun 7, 2023 $0.09; Sep 26, 2023 $0.16; Dec 20, 2023 $0.17; Mar 21, 2024 $0.13; Jun 11, 2024 $0.11; Sep 25, 2024 $0.20; Dec 17, 2024 $0.21; Mar 18, 2025 $0.11; Jun 16, 2025 $0.14; Sep 16, 2025 $0.16; Dec 16, 2025 $0.25; Mar 17, 2026 $0.14; Jun 15, 2026 $0.16; Sep 15, 2026 $0.19. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 15, 2026Sep 18, 2026$0.19
Jun 15, 2026Jun 18, 2026$0.16
Mar 17, 2026Mar 20, 2026$0.14
Dec 16, 2025Dec 19, 2025$0.25
Sep 16, 2025Sep 19, 2025$0.16
Jun 16, 2025Jun 20, 2025$0.14
Mar 18, 2025Mar 21, 2025$0.11
Dec 17, 2024Dec 20, 2024$0.21
Sep 25, 2024Sep 30, 2024$0.20
Jun 11, 2024Jun 17, 2024$0.11
Mar 21, 2024Mar 27, 2024$0.13
Dec 20, 2023Dec 27, 2023$0.17

See all 19 payments⁠

$10,000 in PABU 3 years ago paid $417 in dividends.⁠

PABU Risk

Risk pillarF24 out of 100Rank 46 of 48 in US ESG & Values Index
How much the fund’s monthly returns vary, scaled to a year.
14.4%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.05
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−20.8%
54 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
1.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PABU Cost

Compare PABU and USCL

Overpaying vs USCL, tied cheapest in US ESG & Values Index

$417

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PABU 0.10%

    $2,106

  • USCL 0.08% Tied cheapest

    $1,689

$10,000
30 years

Cost over time

  • PABU 0.10%
  • USCL 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530PABU $2,106USCL $1,689

Year by year

YearPABUUSCLOverpaying
10$183$147$36
20$717$575$142
30$2,106$1,689$417

Other funds in US ESG & Values Index

See others