DMXF vs PABD: Grades, Fees and Holdings Compared

iShares ESG Advanced MSCI EAFE ETF

DMXFANasdaq

iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF

PABDBNasdaq

Overlap

48.5%by weight

Expense ratio

DMXF0.12%PABD0.12%

Avg volume · 30D

DMXF 59.9×the volume

DMXF75.7KPABD1.27K

DMXF vs PABD Performance

Nov 5, 2025 – Nov 5, 2026

+13.1%DMXF+11.0%PABD

Expense ratio: DMXF 0.12%; PABD 0.12%
Fund size: DMXF $1.05B; PABD $332M
1Y total return: DMXF +13.1%, better; PABD +11.0%
Yield (12M): DMXF 4.28%, better; PABD 3.06%
Holdings: DMXF 407; PABD 417
Avg volume (30D): DMXF 75.7K sh, better; PABD 1.27K sh
NAV per share: DMXF $84.89; PABD $69.69
52W range

ETF.net Grade

Pillar letters and Scores for DMXF, PABD, with each pillar’s weight
Pillar	DMXF	PABD
Cost30% weight	A88	A88
Mission25% weight	A100	A100
Risk15% weight	D32	D37Higher
Tradability15% weight	A76Higher	F20
Holdings10% weight	C46	A76Higher
Durability5% weight	A78Higher	D37

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. DMXF and PABD are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

DMXF ranks 3rd and PABD 6th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 81
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 78
Rank 3ADMXFiShares ESG Advanced MSCI EAFE ETFScore 76
Rank 4AFEDMNorthern Trust ESG & Climate Developed Markets ex-US Core ETFScore 73
Rank 5AEFAXState Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETFScore 71
Rank 6BPABDiShares Paris-Aligned Climate Optimized MSCI World ex USA ETFScore 69
Rank 7BNUDMNuveen ESG International Developed Markets EquityScore 61

Our read on each fund

ETF.net Research

DMXFAiShares ESG Advanced MSCI EAFE ETF

PABDBiShares Paris-Aligned Climate Optimized MSCI World ex USA ETF

In short

DMXF The strict one. Where iShares' ESG Aware EAFE fund screens five controversial businesses, DMXF screens fourteen, including the whole energy sector, and charges less than its lighter-screened sibling to do it.

PABD Most 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.

Stated mandate

DMXF The fund seeks to track an index of developed-market equities outside the United States and Canada, while incorporating positive environmental, social, and governance characteristics.

PABD 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

DMXF 0.12% a year, roughly half the typical fee among international ESG funds, and cheaper than the softer-screened iShares sibling ESGD at 0.20%.ishares.com
Fourteen business-involvement screens: fossil fuels, nuclear power and weapons, GMOs, palm oil, for-profit prisons, predatory lending, gambling, tobacco and more.ishares.com
The fossil fuel screen is categorical, not cosmetic: the index drops the entire GICS energy sector plus companies with industry ties such as thermal coal.blackrock.com
Sticks tightly to its MSCI EAFE Choice ESG Screened index, one of the stronger implementations among international ESG funds.

PABD 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

DMXF Deep exclusions mean real drift from plain EAFE. Sibling ESGD is built to keep risk and return close to the parent index; DMXF is not.ishares.com ishares.com 2
About 400 stocks, a narrower slate than the unscreened parent index, so individual names and surviving sectors carry more weight.
Mid-sized and moderately traded rather than a category heavyweight, and distributions arrive once or twice a year rather than quarterly.

PABD 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.

Full DMXF profile⁠

Full PABD profile⁠

DMXF vs PABD Holdings

How DMXF and PABD differ

Overlap by weight

48.5%

Shared holdings make up 81.4% of DMXF and 59.2% of PABD.

Level by level

Holdings261 in both48.5%
Countryby domicile76.1%
Sector11 Sectors87.6%
Asset classStocks100%

Sector

Sector weights in DMXF and PABD, widest gap first
Sector	Gap	DMXF	PABD
Technology	DMXF +6.8 points	19.5%	12.7%
Utilities	PABD +3.8 points	0.7%	4.5%
Communication	DMXF +3.2 points	5.7%	2.5%
Real Estate	PABD +3.0 points	2.7%	5.7%
Financials	DMXF +2.4 points	33.2%	30.8%
Consumer Staples	PABD +1.9 points	2.4%	4.3%
Health Care	PABD +1.9 points	11.1%	13.0%
Consumer Discretionary	PABD +1.1 points	4.7%	5.8%
Industrials	PABD +0.6 points	14.9%	15.5%
Energy	PABD +0.2 points	0.0%	0.2%
Materials	PABD +0.1 points	5.0%	5.1%

Country, concentration and asset class

Country by domicile

Country weights in DMXF and PABD, widest gap first
Country	Gap	DMXF	PABD
Canada	PABD +14.5 points	0.0%	14.5%
Japan	DMXF +11.9 points	31.0%	19.1%
Netherlands	DMXF +6.1 points	10.8%	4.7%
United Kingdom	PABD +3.9 points	5.9%	9.8%
Germany	DMXF +2.2 points	8.3%	6.1%
Spain	PABD +2.0 points	1.7%	3.7%
Norway	PABD +1.5 points	0.0%	1.5%
Singapore	DMXF +1.2 points	2.7%	1.5%
Other countries (10)	DMXF +0.7 points	39.7%	39.0%

Outside the US: DMXF 99% developed, 1% emerging. PABD 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

DMXF21.8%
PABD14.6%

Securities held

DMXF392
PABD401

Asset class

DMXF: Stocks
PABD: Stocks

Holdings

Only in DMXF131
In both261
Only in PABD140

Only in DMXF

131 securities, 18.0% of DMXF by weight

Lair Liquide Societe Anonyme Pour1.22%
Ing Groep0.88%
Oversea-Chinese Banking0.66%
Societe Generale SA0.42%
Softbank0.39%
Daiichi Life Group0.36%
United Overseas Bank0.34%
Komatsu0.31%
Adidas N AG0.30%
Orange SA0.30%
Ntt0.29%
Abn Amro Bank NV0.27%
Bank Hapoalim Bm0.25%
Aercap Holdings0.24%
Aib Group PLC0.24%
Boc Hong Kong Holdings Ltd0.23%
Intercontinental Hotels Group PLC0.23%
Fresenius N0.23%
Fujifilm Holdings0.22%
Japan Post Holdings Ltd0.22%
Canon0.22%
Helvetia Baloise Holding N AG0.21%
Kao0.20%
Daimler Truck Holding E AG0.20%
Mtu Aero Engines Holding AG0.20%
Suzuki Motor0.19%
Bank of Ireland Group PLC0.19%
Banco De Sabadell0.18%
Koninklijke Kpn NV0.18%
Denso0.17%
Siemens Healthineers AG0.16%
Essity Class B0.15%
Aeon0.15%
Daiwa House Industry0.15%
Euronext NV0.15%
Kubota0.14%
Boliden0.14%
Resonac Holdings0.14%
Link Real Estate Investment Trust0.14%
The Sage Group0.14%
Kuehne Und Nagel International AG0.13%
Asr Nederland0.13%
Henkel & Kgaa Pref AG0.13%
Telstra Group0.13%
Bawag Group AG0.12%
Diploma PLC0.12%
Ageas0.12%
Israel Discount Bank Ltd0.12%
Mizrahi Tefahot Bank Ltd0.12%
Sekisui House0.11%

Only in PABD

140 securities, 40.3% of PABD by weight

Royal Bank of Canada1.61%
Roche Ps Par AG1.55%
Astrazeneca PLC1.35%
Hsbc Holdings PLC1.27%
Toronto Dominion1.19%
Banco Santander0.80%
Sony Group0.75%
Shopify Subordinate Voting Class A0.74%
Unicredit0.74%
Ubs Group AG0.74%
Siemens N AG0.72%
Iberdrola0.70%
Loreal SA0.70%
Hydro One0.68%
Canadian Imperial Bank of Commerce0.66%
Wheaton Precious Metals0.64%
Agnico Eagle Mines0.64%
Novo Nordisk Class B0.63%
Manulife Financial0.63%
Lvmh0.58%
Takeda Pharmaceutical0.57%
Glaxosmithkline0.56%
Barclays PLC0.54%
Sanofi SA0.54%
Fast Retailing0.52%
Dollarama0.51%
Vinci SA0.50%
Anz Group Holdings Ltd0.49%
Muenchener Rueckversicherungs-Gese0.48%
Sun Life Financial Inc0.47%
Banco Bilbao Vizcaya Argentaria0.47%
Anheuser-Busch Inbev SA0.46%
Loblaw Companies Ltd0.45%
Wesfarmers0.43%
National Australia Bank0.43%
Lloyds Banking Group PLC0.43%
Power Corporation of Canada0.39%
Bank of Montreal0.38%
East Japan Railway0.36%
Next PLC0.36%
Orix0.34%
Diageo PLC0.33%
Deutsche Telekom N AG0.32%
Intact Financial Corp0.32%
National Bank of Canada0.30%
Atlas Copco Class A0.29%
Rheinmetall AG0.27%
Deutsche Bank AG0.27%
Lundin Mining0.26%
Great West Lifeco Inc0.26%

Weight gaps

The 100 widest of 261 Holdings in both funds.

Holding weights in DMXF and PABD, widest gap first
Holding	Gap	DMXF	PABD
Asml Holding	DMXF +2.70 points	5.43%	2.73%
Novartis AG	DMXF +1.18 points	2.80%	1.62%
Sap	DMXF +1.12 points	2.27%	1.15%
Mitsubishi Ufj Financial Group	DMXF +1.07 points	2.11%	1.04%
Commonwealth Bank of Australia	DMXF +0.93 points	1.82%	0.89%
Recruit Holdings	DMXF +0.85 points	1.37%	0.52%
Dbs Group Holdings Ltd	DMXF +0.82 points	1.06%	0.24%
Allianz	DMXF +0.76 points	1.82%	1.06%
Sumitomo Mitsui Financial Group	DMXF +0.72 points	1.35%	0.63%
Tokyo Electron	DMXF +0.63 points	1.26%	0.63%
Advantest	DMXF +0.63 points	1.49%	0.86%
Mizuho Financial Group	DMXF +0.58 points	1.03%	0.45%
Westpac Banking Corporation	DMXF +0.53 points	0.83%	0.30%
Spotify TechnologySPOT	DMXF +0.50 points	0.86%	0.36%
Softbank Group Corp	DMXF +0.49 points	0.93%	0.44%
Compass Group PLCCPG.L	DMXF +0.48 points	0.54%	0.06%
Capitaland Integrated Commercial T	PABD +0.47 points	0.11%	0.58%
Zurich Insurance Group AG	DMXF +0.44 points	1.07%	0.63%
Kddi	DMXF +0.44 points	0.48%	0.04%
Klepierre Reit SA	PABD +0.41 points	0.08%	0.49%
Getlink	PABD +0.40 points	0.05%	0.45%
Aia Group	DMXF +0.40 points	0.96%	0.56%
Argenx	DMXF +0.39 points	0.54%	0.15%
Terna Rete Elettrica Nazionale	PABD +0.39 points	0.16%	0.55%
Redeia Corporacion SA	PABD +0.39 points	0.01%	0.40%
Tokio Marine Holdings	DMXF +0.38 points	0.91%	0.53%
Transurban Group Stapled Units	PABD +0.38 points	0.29%	0.67%
Swiss Prime Site AG	PABD +0.37 points	0.12%	0.49%
Relx PLCREL.L	DMXF +0.37 points	0.67%	0.30%
London Stock Exchange Group PLCLSEG.L	DMXF +0.37 points	0.55%	0.18%
Csl	DMXF +0.36 points	0.62%	0.26%
Investor Class B	DMXF +0.36 points	0.72%	0.36%
Axa SA	DMXF +0.35 points	0.74%	0.39%
Kesko Corp Class B	PABD +0.34 points	0.07%	0.41%
Antofagasta PLCANTO.L	PABD +0.33 points	0.14%	0.47%
Deutsche Boerse AG	DMXF +0.32 points	0.61%	0.29%
Severn Trent PLCSVT.L	PABD +0.31 points	0.11%	0.42%
Macquarie Group Ltd Def	DMXF +0.30 points	0.60%	0.30%
Nordea Bank	DMXF +0.30 points	0.52%	0.22%
Schneider Electric	DMXF +0.30 points	1.33%	1.03%
Assicurazioni Generali	DMXF +0.30 points	0.34%	0.04%
Aena Sme SA	PABD +0.29 points	0.22%	0.51%
Shin Etsu Chemical	DMXF +0.28 points	0.56%	0.28%
Lonza Group AG	DMXF +0.27 points	0.53%	0.26%
Salmar	PABD +0.27 points	0.04%	0.31%
Infineon Technologies AG	DMXF +0.27 points	0.68%	0.41%
Vicinity Centres	PABD +0.27 points	0.06%	0.33%
Assa Abloy B	DMXF +0.26 points	0.37%	0.11%
Nintendo	DMXF +0.27 points	0.54%	0.27%
Segro Reit PLCSGRO.L	PABD +0.25 points	0.14%	0.39%
Mtr Corporation	PABD +0.25 points	0.07%	0.32%
Mowi	PABD +0.24 points	0.10%	0.34%
Essilorluxottica SA	DMXF +0.24 points	0.58%	0.34%
Ajinomoto	DMXF +0.23 points	0.25%	0.02%
Bank Leumi Le Israel	DMXF +0.23 points	0.30%	0.07%
Caixabank SA	DMXF +0.23 points	0.44%	0.21%
Gecina SA	PABD +0.23 points	0.02%	0.25%
Prudential PLCPRU.L	DMXF +0.23 points	0.31%	0.08%
Capitaland Ascendas Reit	PABD +0.22 points	0.08%	0.30%
Dnb Bank	PABD +0.22 points	0.26%	0.48%
Shionogi	PABD +0.21 points	0.14%	0.35%
Edp Renewables SA	PABD +0.21 points	0.05%	0.26%
MS&AD Insurance Group Holdings	DMXF +0.21 points	0.36%	0.15%
Central Japan Railway	PABD +0.21 points	0.18%	0.39%
Fujikura	DMXF +0.21 points	0.33%	0.12%
Resona Holdings	DMXF +0.20 points	0.27%	0.07%
Fujitsu	DMXF +0.20 points	0.34%	0.14%
Hermes International	DMXF +0.21 points	0.50%	0.29%
Ferrovial NV	PABD +0.20 points	0.26%	0.46%
Asm International NV	DMXF +0.19 points	0.33%	0.14%
Abb Ltd	DMXF +0.20 points	1.25%	1.05%
Genmab	DMXF +0.20 points	0.30%	0.10%
Capgemini	DMXF +0.20 points	0.21%	0.01%
Covivio SA	PABD +0.20 points	0.02%	0.22%
Publicis Groupe	DMXF +0.18 points	0.25%	0.07%
Universal Music Group	DMXF +0.18 points	0.19%	0.01%
Swiss Re AG	DMXF +0.19 points	0.51%	0.32%
Scentre Group	PABD +0.18 points	0.12%	0.30%
Sumitomo Mitsui Trust Group	DMXF +0.17 points	0.24%	0.07%
Nokia	DMXF +0.17 points	0.39%	0.22%
Alcon AG	DMXF +0.17 points	0.35%	0.18%
Qbe Insurance Group	DMXF +0.17 points	0.25%	0.08%
Commerzbank AG	DMXF +0.17 points	0.25%	0.08%
Nebius NV Class ANBIS	DMXF +0.17 points	0.27%	0.10%
Wolters Kluwer	DMXF +0.17 points	0.22%	0.05%
Sgs SA	DMXF +0.16 points	0.20%	0.04%
Banco Bpm	PABD +0.16 points	0.14%	0.30%
Nec	DMXF +0.16 points	0.33%	0.17%
Banca Monte Dei Paschi Di Siena Sp	DMXF +0.16 points	0.23%	0.07%
Stmicroelectronics	DMXF +0.16 points	0.27%	0.11%
Erste Group Bank AG	DMXF +0.16 points	0.36%	0.20%
Secom	DMXF +0.16 points	0.16%	<0.01%
Adyen	DMXF +0.15 points	0.24%	0.09%
Sika AG	DMXF +0.15 points	0.32%	0.17%
Gjensidige Forsikring	PABD +0.15 points	0.06%	0.21%
Unibail Rodamco We Stapled Units	PABD +0.14 points	0.11%	0.25%
Dsm Firmenich AG	DMXF +0.14 points	0.18%	0.04%
Elia Group SA	PABD +0.14 points	0.06%	0.20%
Galderma Group N AG	DMXF +0.14 points	0.41%	0.27%
Azrieli Group Ltd	PABD +0.13 points	0.05%	0.18%

All 392 DMXF holdings⁠All 403 PABD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DMXF vs PABD Cost

Same expense ratio

$2,520

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

DMXF 0.12%
$2,520
PABD 0.12%
$2,520

Amount$10,000

Years30 years

Cost over time

DMXF 0.12%
PABD 0.12%

Year by year

Year	DMXF	PABD
10	$220	$220
20	$859	$859
30	$2,520	$2,520

Expense ratio

0.12%DMXF
0.12%PABD

DMXF0.12%PABD0.12%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

DMXF 2nd cheapest of 18 funds

PABD 2nd cheapest of 18 funds

DMXF vs PABD Dividends

Last 12 months to Nov 5, 2026

Yield (12M): DMXF 4.28%, better; PABD 3.06%
Payout (12M): DMXF $3.54; PABD $2.08
Last payment: DMXF $1.03; PABD $1.01
Ex-dividend: DMXF Jun 15, 2026; PABD Jun 15, 2026
Paid on: DMXF Jun 18, 2026; PABD Jun 18, 2026
Frequency: DMXF Twice a year; PABD Twice a year

Distribution history

Per share, 2020 to 2026, same scale for both

DMXFTwice a year · 13 paymentsAll DMXF payments⁠

PABDTwice a year · 5 paymentsAll PABD payments⁠

DMXF vs PABD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DMXF 12.8%PABD 12.2%since Feb 2024
Return per unit of riskSharpe ratio, 3 years: DMXF 1.06PABD 0.81since Feb 2024
Worst fallMax drawdown, 5 years: DMXF −33.7%PABD −13.4%since Jan 2024
Market sensitivityBeta, 5 years: DMXF 0.87PABD 0.64; Market = 1

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