PABU vs QQQ
iShares Paris-Aligned Climate Optimized MSCI USA ETF vs Invesco QQQ Trust, Series 1
Which is better, PABU or QQQ?
QQQ has been ahead.
PABU has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 47.8%.
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 | PABU | QQQ |
|---|---|---|
| Expense Ratio | 0.10%Best | 0.18% |
| AUM | $2.5B | $483.5B |
| Dividend Yield | 0.90% | 0.44% |
| Holdings | 97 | 107 |
| YTD Return | +9.97% | +21.71%Best |
| 1Y Return | +13.05% | +25.89%Best |
| 3Y Return (annualized) | +20.63% | +28.80%Best |
| 5Y Return (annualized) | - | +15.67% |
| Volatility (annualized) | 16.5%Best | 19.9% |
| Max Drawdown | -20.8%Best | -23.4% |
| $10,000 over 4.4 years | $16,923 | $22,272Best |
| Top 10 Weight | 47.8% | 46.5%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 8, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Apr 20, 2022 to Sep 25, 2026 (4.4 years).
PABU 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 4.4 years both funds cover.
PABU vs QQQ Performance
iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) 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 PABU returned +13.05% while QQQ returned +25.89%. Year to date, PABU is up 9.97% versus a gain of 21.71% for QQQ.
Over three years, PABU compounded at +20.63% per year against +28.80% for QQQ. Across the full 4-year window we track, QQQ has the edge at +19.96% annualized vs +12.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 16.5% for PABU. 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 -20.8% for PABU and -23.4% 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PABU charges 0.10% per year while QQQ charges 0.18%. On a $10,000 position that is $10 vs $18 annually, a gap of $8 per year that compounds over a long holding period. On income, PABU currently yields 0.90% against 0.44% for QQQ.
Holdings Overlap
55.0% of PABU's money is in holdings QQQ also owns. 56.5% of QQQ's money is in holdings PABU also owns.
The two portfolios partly overlap.
30 positions in common, counted across the 87 positions we hold weights for in PABU and 102 in QQQ, against full books of 97 and 107.
What only one of them owns
Our book lists 66 positions for QQQ that do not appear in our book for PABU (41.0% of the fund), and 57 for PABU that do not appear in QQQ (45.0%).
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
| Stock | Weight in PABU | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.55% | 8.44% | 1.11% |
| AAPLApple, Inc | 7.09% | 7.27% | 0.18% |
| MSFTMicrosoft Corp | 7.68% | 5.76% | 1.92% |
| GOOGAlphabet Inc | 3.80% | 3.13% | 0.67% |
| AVGOBroadcom Inc | 3.63% | 3.16% | 0.47% |
| AMDAdvanced Micro Devices Inc | 3.31% | 3.45% | 0.14% |
| AMZNAmazon.Com Inc | 1.88% | 4.67% | 2.79% |
| TSLATesla Inc | 3.28% | 2.56% | 0.72% |
| GOOGLAlphabet Inc,class A | 1.72% | 3.36% | 1.64% |
| METAMeta Platforms Inc | 2.05% | 2.78% | 0.73% |
56.5% of QQQ is already inside PABU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PABU or QQQ?
PABU has an expense ratio of 0.10% while QQQ charges 0.18%. PABU is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, PABU or QQQ?
Over the past year PABU returned +13.05% vs +25.89% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), PABU annualized +12.70% vs +19.96% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PABU or QQQ?
QQQ has been the more volatile fund at 19.9% annualized versus 16.5% for PABU. Worst drawdown: PABU -20.8% vs QQQ -23.4%.
Should I hold both PABU and QQQ?
PABU and QQQ have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between PABU and QQQ?
56.5% of QQQ's money is in holdings PABU also owns. 56.5% of QQQ's is in holdings PABU also owns. They hold 30 positions in common, counted across the 87 positions we hold weights for in PABU and 102 in QQQ.
Which pays a higher dividend, PABU or QQQ?
PABU yields 0.90% while QQQ yields 0.44%, so PABU currently pays the higher dividend yield.
Is QQQ better than PABU?
PABU has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 47.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.