iShares Paris-Aligned Climate Optimized MSCI USA ETF
$80.59+0.26 (+0.32%)
- 0.10%
- $2.5B
- +14.7%
- 0.92%
- 0M sh
- $80.56
- low $63.89high $80.79
The ETF.net PABU Grade
B
Score 68 out of 100
- 12 of 48
Score 68 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.A87 out of 100Rank 3 of 48Mission
Whether the fund did what it promised, tested against its stated mandate.A92 out of 100Rank 23 of 43Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D30 out of 100Rank 44 of 48Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 15 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D26 out of 100Rank 47 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 14 of 48
Our read on PABU
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.
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 Holdings
- Stocks
- 90
- 50%
- NVDA
Sectors
- Technology55.5%
- Real Estate14.8%
- Communication8.4%
- Financials7.1%
- Health Care5.7%
- Consumer Discretionary5.6%
- Industrials1.5%
- Utilities1.4%
Geography
- United States99.95%
- Ireland0.05%
PABU 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.
PABU$11,471
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 | PABU |
|---|---|
| Year to date | +11.1% |
| 1 month | +3.1% |
| 3 months | +4.2% |
| 1 year | +14.7% |
| 3 years | +20.1% |
| 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 | PABU |
|---|---|---|
| 2026 YTD | +11.1% | |
| 2025 | +13.1% | |
| 2024 | +24.8% | |
| 2023 | +29.5% | |
| 2022 | −15.3% |
PABU in the news
PABU Dividends
- 0.92%
- $0.74
- $0.19 per share
- Quarterly
Distribution history
PABU Risk
- 14.5%
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.
- 1.03
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.
- −20.8%
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.
- 1.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PABU Cost
0.10%
PABU0.10%
- The middle half of US ESG & Values Index funds
- Median 0.23%
5 of the 48 US ESG & Values Index funds charge less.
Other funds in US ESG & Values Index
- BCVLCCalvert US Large-Cap Core Responsible Index ETFExpense ratio 0.15%1 year return +20.8%
- BESMLiShares ESG Aware MSCI USA Small-Cap ETFExpense ratio 0.17%1 year return +20.6%
- BNULVNuveen ESG Large-Cap ValueExpense ratio 0.26%1 year return +28.6%
- BPTLInspire 500 ETFExpense ratio 0.09%1 year return +14.9%
- BAVSUAvantis Responsible U.S. Equity ETFExpense ratio 0.15%1 year return +25.5%