iShares Paris-Aligned Climate Optimized MSCI USA ETF
$79.33−0.62 (−0.77%)
- Expense ratio
- 0.10%
- Fund size
- $2.6B
- 1Y return
- +12.1%
- Yield · Last 12 months
- 0.93%
- Holdings
- 86
- Volume · 30D
- 0M sh
- NAV per share
- $79.87
- 52W range
The ETF.net PABU Grade
Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 87Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 92Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 34Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 50Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 26Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 68Category rank
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
- 86
- 49%
- NVDA
Sectors
- Technology53.5%
- Real Estate15.7%
- Communication8.3%
- Financials7.5%
- Consumer Discr.5.7%
- Health Care5.5%
- Industrials1.8%
- Utilities1.5%
- Energy0.6%
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.
Returns run to the Sep 22, 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 | +10.5% |
| 1 month | +2.2% |
| 3 months | +5.9% |
| 1 year | +12.1% |
| 3 years | +20.4% |
| 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 | +10.5% | |
| 2025 | +13.1% | |
| 2024 | +24.8% | |
| 2023 | +29.5% | |
| 2022 | −15.3% |
PABU in the news
ETF.net Research hasn’t filed on PABU yet — coverage lands here as it’s written.
PABU Dividends
- 0.93%
- $0.74
- $0.19 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 15, 2026 | Sep 18, 2026 | $0.19 |
| Jun 15, 2026 | Jun 18, 2026 | $0.16 |
| Mar 17, 2026 | Mar 20, 2026 | $0.14 |
| Dec 16, 2025 | Dec 19, 2025 | $0.25 |
| Sep 16, 2025 | Sep 19, 2025 | $0.16 |
| Jun 16, 2025 | Jun 20, 2025 | $0.14 |
| Mar 18, 2025 | Mar 21, 2025 | $0.11 |
| Dec 17, 2024 | Dec 20, 2024 | $0.21 |
| Sep 25, 2024 | Sep 30, 2024 | $0.20 |
| Jun 11, 2024 | Jun 17, 2024 | $0.11 |
| Mar 21, 2024 | Mar 27, 2024 | $0.13 |
| Dec 20, 2023 | Dec 27, 2023 | $0.17 |
PABU Risk
- 15.1%
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.
- 0.86
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
- The middle half of US ESG & Values Index funds
- Median 0.23%
5 of the 48 US ESG & Values Index funds charge less.