PABD vs VSGX: Grades, Fees and Holdings Compared

iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF

PABDBNasdaq

Vanguard ESG International Stock ETF

VSGXACboe

Overlap

37.4%by weight

Expense ratio

VSGX −0.02pt a year

PABD0.12%VSGX0.10%

Avg volume · 30D

VSGX 131.8×the volume

PABD1.27KVSGX167K

PABD vs VSGX Performance

Nov 5, 2025 – Nov 5, 2026

+11.0%PABD+12.7%VSGX

Expense ratio: PABD 0.12%; VSGX 0.10%, better
Fund size: PABD $332M; VSGX $6.7B
1Y total return: PABD +11.0%; VSGX +12.7%, better
Yield (12M): PABD 3.06%; VSGX 3.17%, better
Holdings: PABD 417; VSGX 6691
Avg volume (30D): PABD 1.27K sh; VSGX 167K sh, better
NAV per share: PABD $69.69; VSGX $79.34
52W range

ETF.net Grade

Pillar letters and Scores for PABD, VSGX, with each pillar’s weight
Pillar	PABD	VSGX
Cost30% weight	A88	A100Higher
Mission25% weight	A100	A100
Risk15% weight	D37	C45Higher
Tradability15% weight	F20	B61Higher
Holdings10% weight	A76Higher	B60
Durability5% weight	D37	A90Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. PABD and VSGX 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 ›

VSGX ranks 1st 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 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

PABDBiShares Paris-Aligned Climate Optimized MSCI World ex USA ETF

VSGXAVanguard ESG International Stock ETF

In short

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.

VSGX Most ex-US ESG funds stop at big developed-market names. VSGX casts a wider net: large, mid and small caps across developed and emerging markets, minus the industries its index screens out, for 0.10% a year.

Stated mandate

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.

VSGX The Fund seeks to track an index of large-, mid-, and small-capitalization stocks from developed and emerging markets outside the United States, subject to environmental, social, and corporate-governance screening.

Why people hold it

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.

VSGX 0.10% a year, well under half the typical fee in its international ESG peer group. Vanguard's usual move: undercut the room.
Reaches past the usual EAFE box, holding thousands of stocks across developed and emerging markets. EAFE-based rivals like ESGD and DMXF cover developed large and mid caps only.msci.com
The screen is FTSE's rulebook, not Vanguard's opinion: out go fossil fuel reserves, weapons, tobacco, alcohol, gambling, adult entertainment and nuclear power, plus conduct flags.ftserussell.com
What survives the screen stays market-cap weighted, with no factor tilts or manager stock picks. Distributions land quarterly.lseg.com

Worth knowing

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.

VSGX Cutting oil, gas, coal, nuclear and weapons names removes whole slices of the market, so results can drift from a plain ex-US index in either direction.ftserussell.com
Emerging markets, small caps and foreign currency all ride along, which can mean wider swings than a developed large-cap-only ex-US fund.
It de-selects rather than rewards: clearing the screen isn't the same as being a sustainability leader, and there's no carbon or Paris-alignment target.lseg.com

Full PABD profile⁠

Full VSGX profile⁠

PABD vs VSGX Holdings

How PABD and VSGX differ

Overlap by weight

37.4%

Shared holdings make up 83.3% of PABD and 39.0% of VSGX.

Level by level

Holdings334 in both37.4%
Countryby domicile61.5%
Sector11 Sectors79.5%
Asset classStocks100%

Sector

Sector weights in PABD and VSGX, widest gap first
Sector	Gap	PABD	VSGX
Technology	VSGX +14.9 points	12.7%	27.6%
Industrials	PABD +7.2 points	15.5%	8.3%
Health Care	PABD +4.0 points	13.0%	9.0%
Utilities	PABD +3.9 points	4.5%	0.6%
Real Estate	PABD +3.0 points	5.7%	2.7%
Consumer Discretionary	VSGX +2.8 points	5.8%	8.6%
Financials	PABD +2.4 points	30.8%	28.4%
Communication	VSGX +1.9 points	2.5%	4.4%
Materials	VSGX +0.6 points	5.1%	5.7%
Consumer Staples	VSGX +0.3 points	4.3%	4.6%
Energy	PABD +0.2 points	0.2%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in PABD and VSGX, widest gap first
Country	Gap	PABD	VSGX
Taiwan	VSGX +12.4 points	0.0%	12.4%
Canada	PABD +8.1 points	14.5%	6.4%
South Korea	VSGX +8.0 points	0.0%	8.0%
China	VSGX +6.8 points	0.0%	6.8%
Switzerland	PABD +5.3 points	10.6%	5.3%
France	PABD +5.0 points	7.9%	2.9%
United Kingdom	PABD +3.9 points	9.8%	5.9%
India	VSGX +3.9 points	0.0%	3.9%
Other countries (30)	PABD +8.7 points	57.2%	48.5%

Outside the US: PABD 99% developed, 1% emerging. VSGX 61% developed, 39% emerging.

Concentration

Weight in the 10 largest Holdings

PABD14.6%
VSGX18.0%

Securities held

PABD401
VSGX6,651

Asset class

PABD: Stocks
VSGX: Stocks

Holdings

Only in PABD67
In both334
Only in VSGX6,317

Only in PABD

67 securities, 16.2% of PABD by weight

Hsbc Holdings PLC1.27%
Toronto Dominion1.19%
Abb Ltd1.05%
Schneider Electric1.03%
Siemens N AG0.72%
Iberdrola0.70%
Lvmh0.58%
Vinci SA0.50%
Muenchener Rueckversicherungs-Gese0.48%
Ferrovial NV0.46%
Anheuser-Busch Inbev SA0.46%
Spotify Technology0.36%
Orix0.34%
Diageo PLC0.33%
Capitaland Ascendas Reit0.30%
Rheinmetall AG0.27%
Edp Renewables SA0.26%
Edp Energias De Portugal0.26%
Teva Pharmaceutical Industries0.25%
Wsp Global Inc0.23%
Fortum0.22%
Coca Cola Europacific Partners PLC0.22%
Bkw N AG0.22%
Nordea Bank0.22%
Hexagon Class B0.22%
Stantec0.20%
Constellation Software0.18%
Sika AG0.17%
Elbit Systems0.17%
Bouygues SA0.16%
Eiffage SA0.16%
Pernod Ricard SA0.16%
Sea Ads Representing Ltd Class A0.15%
Verbund AG0.14%
Hensoldt AG0.13%
Spirax Group PLC0.13%
Cameco0.13%
Cgi Inc Class A0.13%
Rogers Communications Non-Voting I0.12%
Dassault Systemes0.12%
Atkinsrealis Group Inc0.12%
Cae0.12%
Stmicroelectronics0.11%
Vonovia SE0.11%
Aristocrat Leisure0.10%
Nebius NV Class A0.10%
Konami Group0.10%
Saab Class B0.10%
Grab Holdings Class A0.09%
Davide Campari Milano NV0.08%

Only in VSGX

6,317 securities, 61.2% of VSGX by weight

Taiwan Semiconductor Manufacturing Co Ltd5.75%
Samsung Electronics Co Ltd2.74%
SK hynix Inc2.24%
SLCMT11421.11%
Alibaba Group Holding Ltd0.77%
Nestle SA0.71%
MediaTek Inc0.68%
Toyota Motor Corp0.58%
MSCI EAFE Dec260.44%
Delta Electronics Inc0.41%
Unilever PLC0.38%
Samsung Electronics-Pref0.35%
Bank of Nova Scotia/The0.34%
China Construction Bank Corp0.33%
ING Groep NV0.31%
Hon Hai Precision Industry Co Ltd0.29%
MSCI EmgMkt Dec260.28%
HDFC Bank Ltd0.26%
Oversea-Chinese Banking Corp Ltd0.24%
Industrial & Commercial Bank of China Ltd0.24%
SK Square Co Ltd0.23%
ICICI Bank Ltd0.22%
ASE Technology Holding Co Ltd0.22%
Industria de Diseno Textil SA0.20%
Panasonic Holdings Corp0.20%
L'Oreal SA0.19%
Nordea Bank Abp0.19%
Samsung Electro-Mechanics Co Ltd0.18%
Pdd Holdings Inc0.18%
Bharti Airtel Ltd0.17%
United Microelectronics Corp0.17%
Xiaomi Corp0.17%
Standard Chartered PLC0.16%
Bayer AG0.16%
Societe Generale SA0.16%
Bank of China Ltd0.16%
Basf SE0.15%
Meituan0.15%
Al Rajhi Bank0.15%
Usd/Jpy Fwd 202612160.15%
Unimicron Technology Corp0.15%
Volvo AB0.14%
Itau Unibanco Holding S-Pref0.14%
Teva Pharmaceutical Industries Ltd0.14%
Elite Material Co Ltd0.14%
NetEase Inc0.13%
Sumitomo Electric Industries Ltd0.13%
SoftBank Corp0.13%
KB Financial Group Inc0.13%
Danone SA0.13%

Weight gaps

The 100 widest of 334 Holdings in both funds.

Holding weights in PABD and VSGX, widest gap first
Holding	Gap	PABD	VSGX
Novartis AG	PABD +0.82 points	1.62%	0.80%
Royal Bank of Canada	PABD +0.78 points	1.61%	0.83%
Roche Ps Par AG	PABD +0.67 points	1.55%	0.88%
Hydro One	PABD +0.65 points	0.68%	0.03%
Asml Holding	PABD +0.64 points	2.73%	2.09%
Astrazeneca PLCAZN.L	PABD +0.62 points	1.35%	0.73%
Loreal SA	PABD +0.60 points	0.70%	0.10%
Transurban Group Stapled Units	PABD +0.58 points	0.67%	0.09%
Capitaland Integrated Commercial T	PABD +0.55 points	0.58%	0.03%
Sap	PABD +0.53 points	1.15%	0.62%
Allianz	PABD +0.52 points	1.06%	0.54%
Terna Rete Elettrica Nazionale	PABD +0.51 points	0.55%	0.04%
Wheaton Precious Metals	PABD +0.46 points	0.64%	0.18%
Klepierre Reit SA	PABD +0.46 points	0.49%	0.03%
Swiss Prime Site AG	PABD +0.46 points	0.49%	0.03%
Aena Sme SA	PABD +0.45 points	0.51%	0.06%
Getlink	PABD +0.43 points	0.45%	0.02%
Keyence	PABD +0.42 points	0.71%	0.29%
Antofagasta PLCANTO.L	PABD +0.42 points	0.47%	0.05%
Manulife Financial	PABD +0.41 points	0.63%	0.22%
Dollarama	PABD +0.41 points	0.51%	0.10%
Dnb Bank	PABD +0.40 points	0.48%	0.08%
Takeda Pharmaceutical	PABD +0.39 points	0.57%	0.18%
Kesko Corp Class B	PABD +0.39 points	0.41%	0.02%
Severn Trent PLCSVT.L	PABD +0.39 points	0.42%	0.03%
Redeia Corporacion SA	PABD +0.38 points	0.40%	0.02%
Loblaw Companies Ltd	PABD +0.38 points	0.45%	0.07%
Advantest	PABD +0.38 points	0.86%	0.48%
Commonwealth Bank of Australia	PABD +0.36 points	0.89%	0.53%
Canadian Imperial Bank of Commerce	PABD +0.35 points	0.66%	0.31%
Agnico Eagle Mines	PABD +0.36 points	0.64%	0.28%
Unicredit	PABD +0.34 points	0.74%	0.40%
Sun Life Financial Inc	PABD +0.34 points	0.47%	0.13%
Segro Reit PLCSGRO.L	PABD +0.34 points	0.39%	0.05%
Central Japan Railway	PABD +0.33 points	0.39%	0.06%
Zurich Insurance Group AG	PABD +0.33 points	0.63%	0.30%
Sony Group	PABD +0.33 points	0.75%	0.42%
Mowi	PABD +0.31 points	0.34%	0.03%
Shionogi	PABD +0.31 points	0.35%	0.04%
Givaudan SA	PABD +0.31 points	0.40%	0.09%
Vicinity Centres	PABD +0.31 points	0.33%	0.02%
Mtr Corporation	PABD +0.30 points	0.32%	0.02%
Salmar	PABD +0.30 points	0.31%	0.01%
Barclays PLCBARC.L	PABD +0.29 points	0.54%	0.25%
East Japan Railway	PABD +0.29 points	0.36%	0.07%
Ubs Group AG	PABD +0.29 points	0.74%	0.45%
Next PLCNXT.L	PABD +0.29 points	0.36%	0.07%
Power Corporation of Canada	PABD +0.29 points	0.39%	0.10%
Mitsubishi Ufj Financial Group	PABD +0.28 points	1.04%	0.76%
Sanofi SA	PABD +0.27 points	0.54%	0.27%
Fast Retailing	PABD +0.27 points	0.52%	0.25%
Novo Nordisk Class B	PABD +0.27 points	0.63%	0.36%
Aia Group	PABD +0.27 points	0.56%	0.29%
GlaxosmithklineGSK.L	PABD +0.27 points	0.56%	0.29%
Aviva PLCAV.L	PABD +0.27 points	0.35%	0.08%
Scentre Group	PABD +0.26 points	0.30%	0.04%
Geberit AG	PABD +0.27 points	0.33%	0.06%
Wesfarmers	PABD +0.25 points	0.43%	0.18%
Nn Group	PABD +0.25 points	0.32%	0.07%
Tokio Marine Holdings	PABD +0.25 points	0.53%	0.28%
Anz Group Holdings Ltd	PABD +0.25 points	0.49%	0.24%
Banco Bpm	PABD +0.24 points	0.30%	0.06%
Gecina SA	PABD +0.24 points	0.25%	0.01%
Legrand SA	PABD +0.24 points	0.36%	0.12%
Skandinaviska Enskilda Banken	PABD +0.24 points	0.24%	<0.01%
Legal and General Group PLCLGEN.L	PABD +0.24 points	0.30%	0.06%
Ferrari	PABD +0.23 points	0.37%	0.14%
Hoya	PABD +0.23 points	0.38%	0.15%
Intact Financial Corp	PABD +0.23 points	0.32%	0.09%
Henderson Land Development Ltd	PABD +0.22 points	0.24%	0.02%
Astellas Pharma	PABD +0.22 points	0.30%	0.08%
Unibail Rodamco We Stapled Units	PABD +0.21 points	0.25%	0.04%
Kone	PABD +0.21 points	0.27%	0.06%
Novozymes B	PABD +0.21 points	0.28%	0.07%
Great West Lifeco Inc	PABD +0.21 points	0.26%	0.05%
Lundin Mining	PABD +0.21 points	0.26%	0.05%
Covivio SA	PABD +0.21 points	0.22%	<0.01%
Ia Financial Inc	PABD +0.21 points	0.25%	0.04%
Fanuc Corp	PABD +0.20 points	0.31%	0.11%
Prosus NV Class N	PABD +0.20 points	0.34%	0.14%
Murata Manufacturing	PABD +0.20 points	0.46%	0.26%
Sompo Holdings	PABD +0.20 points	0.31%	0.11%
Shopify Subordinate Voting Class A	PABD +0.19 points	0.74%	0.55%
Gjensidige Forsikring	PABD +0.20 points	0.21%	0.01%
Banco Santander	PABD +0.19 points	0.80%	0.61%
Essilorluxottica SA	PABD +0.19 points	0.34%	0.15%
Sampo Class A	PABD +0.19 points	0.26%	0.07%
Ucb SA	PABD +0.19 points	0.27%	0.08%
Goodman Group Units	PABD +0.19 points	0.30%	0.11%
Elia Group SA	PABD +0.18 points	0.20%	0.02%
Smc (Japan) Corp	PABD +0.18 points	0.26%	0.08%
Recordati Industria Chimica E Farm	PABD +0.18 points	0.20%	0.02%
Lloyds Banking Group PLCLLOY.L	PABD +0.18 points	0.43%	0.25%
National Australia Bank	PABD +0.18 points	0.43%	0.25%
United Utilities Group PLCUU.L	PABD +0.18 points	0.22%	0.04%
Mitsubishi Estate Co Ltd	PABD +0.18 points	0.25%	0.07%
Swiss Re AG	PABD +0.17 points	0.32%	0.15%
Enlight Renewable Energy	PABD +0.17 points	0.20%	0.03%
Bnp Paribas SA	VSGX +0.18 points	0.14%	0.32%
Svenska Handelsbanken-A Shs	PABD +0.17 points	0.23%	0.06%

All 403 PABD holdings⁠All 6,648 VSGX 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.

PABD vs VSGX Cost

Overpaying PABD vs VSGX

$414

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

PABD 0.12%
$2,520
VSGX 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

PABD 0.12%
VSGX 0.10%
Overpaying

Year by year

Year	PABD	VSGX	Overpaying
10	$220	$183	$37
20	$859	$717	$142
30	$2,520	$2,106	$414

Expense ratio

0.12%PABD
0.10%VSGX, cheaper

VSGX0.10%PABD0.12%

0.10%0.95%

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

VSGX cheapest of 18 funds

PABD 2nd cheapest of 18 funds

PABD vs VSGX Dividends

Last 12 months to Nov 5, 2026

Yield (12M): PABD 3.06%; VSGX 3.17%, better
Payout (12M): PABD $2.08; VSGX $2.43
Last payment: PABD $1.01; VSGX $0.47
Ex-dividend: PABD Jun 15, 2026; VSGX Sep 18, 2026
Paid on: PABD Jun 18, 2026; VSGX Sep 22, 2026
Frequency: PABD Twice a year; VSGX Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

PABDTwice a year · 5 paymentsAll PABD payments⁠

VSGXQuarterly · 31 paymentsAll VSGX payments⁠

PABD vs VSGX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PABD 12.2%since Feb 2024VSGX 12.8%
Return per unit of riskSharpe ratio, 3 years: PABD 0.81since Feb 2024VSGX 1.20
Worst fallMax drawdown, 5 years: PABD −13.4%since Jan 2024VSGX −31.2%
Market sensitivityBeta, 5 years: PABD 0.64VSGX 0.97; Market = 1

PABD and VSGX in the news

All news⁠

ETF Filings
Calamos to liquidate its Giannis Antetokounmpo sustainable ETF
Sep 11, 2026VSGX

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PABD vs VSGX

In short

Stated mandate

Why people hold it

Worth knowing

How PABD and VSGX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in PABD

Only in VSGX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Calamos to liquidate its Giannis Antetokounmpo sustainable ETF

How PABD and VSGX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in PABD

Only in VSGX

Weight gaps