PABD vs QQQ
iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF vs Invesco QQQ Trust, Series 1
Which is better, PABD or QQQ?
Large Cap Blend against Large Cap Growth.
PABD has a lower expense ratio. QQQ led over 1Y and the full window. PABD is less concentrated, with 14.7% of the fund in its ten largest positions against 46.5%.
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 | PABD | QQQ |
|---|---|---|
| Expense Ratio | 0.12%Best | 0.18% |
| AUM | $332M | $483.5B |
| Dividend Yield | 2.96% | 0.44% |
| Holdings | 432 | 107 |
| YTD Return | +8.53% | +17.11%Best |
| 1Y Return | +15.66% | +23.99%Best |
| 3Y Return (annualized) | - | +24.62% |
| 5Y Return (annualized) | - | +14.23% |
| Volatility (annualized) | 11.9%Best | 17.2% |
| Max Drawdown | -12.7%Best | -22.8% |
| $10,000 over 2.6 years | $15,466 | $17,097Best |
| Top 10 Weight | 14.7%Best | 46.5% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 17, 2024 | Mar 10, 1999 |
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).
PABD vs QQQ 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.
PABD vs QQQ Performance
iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD) is an ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PABD returned +15.66% while QQQ returned +23.99%. Year to date, PABD is up 8.53% versus a gain of 17.11% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.2% 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 -12.7% for PABD and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PABD charges 0.12% per year while QQQ charges 0.18%. On a $10,000 position that is $12 vs $18 annually, a gap of $6 per year that compounds over a long holding period. On income, PABD currently yields 2.96% against 0.44% for QQQ.
Holdings Overlap
5.9% of PABD's money is in holdings QQQ also owns. 2.2% of QQQ's money is in holdings PABD also owns.
PABD and QQQ share little of their money.
6 positions in common, counted across the 397 positions we hold weights for in PABD and 102 in QQQ, against full books of 432 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for PABD (96.9% of the fund), and 10 for PABD that do not appear in QQQ (2.0%).
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.
Top Shared Holdings
You are not choosing between two funds in isolation.
Whichever of PABD and QQQ 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, PABD or QQQ?
PABD has an expense ratio of 0.12% while QQQ charges 0.18%. PABD is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, PABD or QQQ?
Over the past year PABD returned +15.66% vs +23.99% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PABD or QQQ?
QQQ has been the more volatile fund at 17.2% annualized versus 11.9% for PABD. Worst drawdown: PABD -12.7% vs QQQ -22.8%.
Should I hold both PABD and QQQ?
PABD and QQQ have a monthly-return correlation of 0.51, 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 PABD and QQQ?
5.9% of PABD's money is in holdings QQQ also owns. 2.2% of QQQ's is in holdings PABD also owns. They hold 6 positions in common, counted across the 397 positions we hold weights for in PABD and 102 in QQQ.
Which pays a higher dividend, PABD or QQQ?
PABD yields 2.96% while QQQ yields 0.44%, so PABD currently pays the higher dividend yield.
Is QQQ better than PABD?
PABD has a lower expense ratio. QQQ led over 1Y and the full window. PABD is less concentrated, with 14.7% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.