PABD
iShares Paris-Aligned Climate MSCI World ex USA ETF
PABD invests in mid-cap stocks in developed markets excluding the US. The fund utilizes ESG criteria aligned with the Paris Climate Agreement when selecting and weighing securities.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
291.1 M
ASSETS UNDER MGMT
12 bp
EXPENSES
Fund Basics
| Fund sponsor | iShares |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 17, 2024 |
| Assets (mns) | $291 |
| Expense ratio | 12 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annual |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ASML HOLDING NV | 2.2 % |
| NOVARTIS AG | 1.4 % |
| ASTRAZENECA PLC | 1.4 % |
| ROYAL BANK OF CANADA | 1.4 % |
| ROCHE HOLDING LTD | 1.3 % |
| SAP AG | 1.3 % |
| SCHNEIDER ELECTRIC SA | 1.2 % |
| HSBC HOLDINGS PLC | 1.1 % |
| ABB LTD. | 1.1 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.0 % |
Constituent Breakdown
| Number of holdings | 428 |
| Herfindahl-Hirschman Index | 51 |
| Wgt avg mkt cap (mns) | $88,124 |
| Large cap (>$10bn) | 88.9% |
| Mid cap ($2-10bn) | 8.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.5% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 17.8 % |
 |
CANADA | 13.3 % |
 |
SWITZERLAND | 10.3 % |
 |
BRITAIN | 10.3 % |
 |
FRANCE | 9.0 % |
 |
GERMANY | 6.7 % |
 |
AUSTRALIA | 5.6 % |
 |
NETHERLANDS | 4.2 % |
 |
SWEDEN | 3.2 % |
 |
SPAIN | 3.2 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 24.8% | 19.0% | -- | -- | -- | -- | -- | 14.1% |
| Dividend Yield | 0.0% | 0.0% | -- | -- | -- | -- | -- | 0.8% |
| Total Returns | 24.8% | 19.0% | -- | -- | -- | -- | -- | 14.9% | Ann. Volatility | 16.4% | 16.3% | -- | -- | -- | -- | -- | 14.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 57% |
| MSCI EAFE | 0.95 | 93% |
| MSCI Emg Mkts | 0.72 | 61% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| 30d moving avg. (EMA) | $63.36 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.17/-0.02 |
| Bollinger Bands (Upper/Lower) | $65.20/$61.34 |
| Short interest (% of AUM) | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PABD |
Expenses vs. PABD |
ALTAR Score™ vs. PABD |
|---|---|---|---|---|
| EFAX | SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 59.8% | +8 bp | +6.0% |
| EFA | iShares MSCI EAFE ETF | 58.1% | +23 bp | +6.3% |
| STXI | Strive International Developed Markets ETF | 56.6% | +17 bp | +6.3% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 55.1% | +24 bp | +6.2% |
| BKIE | BNY Mellon International Equity ETF | 54.8% | -8 bp | +6.5% |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 54.2% | +8 bp | +6.2% |
| BBIN | JPMorgan BetaBuilders International Equity ETF | 53.8% | -5 bp | +6.5% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 52.7% | +8 bp | +6.5% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 52.3% | +8 bp | +6.4% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 52.3% | -8 bp | +6.6% |
Risk and Returns: PABD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/12/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
PABD
5.7%
Cat. Avg
6.8%
ALTAR Score™ Calculation
Category Overview
There are 271 funds in the International Equity category, with an average ALTAR Score™
of 6.8% and a standard deviation of
1.8%. PABD's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places PABD in the 27th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PABDSELL
U/W
HOLD
O/W
BUY