IVV vs PABD
iShares Core S&P 500 ETF vs iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF
Which is better, IVV or PABD?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y and the full window. PABD is less concentrated, with 14.7% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | PABD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.12% |
| AUM | $876.4B | $332M |
| Dividend Yield | 1.06% | 2.96% |
| Holdings | 508 | 432 |
| YTD Return | +12.24%Best | +8.53% |
| 1Y Return | +18.61%Best | +15.66% |
| 3Y Return (annualized) | +20.98% | - |
| 5Y Return (annualized) | +12.76% | - |
| Volatility (annualized) | 12.0% | 11.9%Best |
| Max Drawdown | -18.8% | -12.7%Best |
| $10,000 over 2.6 years | $16,197Best | $15,466 |
| Top 10 Weight | 37.9% | 14.7%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jan 17, 2024 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Jan 19, 2024 to Sep 9, 2026 (2.6 years).
IVV vs PABD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
IVV vs PABD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +18.61% while PABD returned +15.66%. Year to date, IVV is up 12.24% versus a gain of 8.53% for PABD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 11.9% for PABD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.8% for IVV and -12.7% for PABD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PABD charges 0.12%. On a $10,000 position that is $3 vs $12 annually, a gap of $9 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.96% for PABD.
Holdings Overlap
0.8% of IVV's money is in holdings PABD also owns. 2.0% of PABD's money is in holdings IVV also owns.
PABD and IVV share little of their money.
5 positions in common, counted across the 505 positions we hold weights for in IVV and 397 in PABD, against full books of 508 and 432.
What only one of them owns
Our book lists 7 positions for PABD that do not appear in our book for IVV (1.4% of the fund), and 491 for IVV that do not appear in PABD (98.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IVV and PABD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PABD?
IVV has an expense ratio of 0.03% while PABD charges 0.12%. IVV is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, IVV or PABD?
Over the past year IVV returned +18.61% vs +15.66% for PABD, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PABD?
IVV has been the more volatile fund at 12.0% annualized versus 11.9% for PABD. Worst drawdown: IVV -18.8% vs PABD -12.7%.
Should I hold both IVV and PABD?
IVV and PABD have a monthly-return correlation of 0.62, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and PABD?
2.0% of PABD's money is in holdings IVV also owns. 2.0% of PABD's is in holdings IVV also owns. They hold 5 positions in common, counted across the 505 positions we hold weights for in IVV and 397 in PABD.
Which pays a higher dividend, IVV or PABD?
IVV yields 1.06% while PABD yields 2.96%, so PABD currently pays the higher dividend yield.
Is PABD better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. PABD is less concentrated, with 14.7% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.