IVV vs PABD
IVV vs PABD
iShares Core S&P 500 ETF vs iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PABD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.12% | |
| AUM | $865.2B | $327M | |
| Dividend Yield | 1.09% | 3.02% | |
| Holdings | 508 | 432 | |
| YTD Return | +11.54% | +8.83% | |
| 1Y Return | +21.48% | +20.99% | |
| 3Y Return (annualized) | +20.86% | - | |
| 5Y Return (annualized) | +13.02% | - | |
| Volatility (annualized) | 15.1% | 12.0% | |
| Max Drawdown | -56.5% | -12.7% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 17, 2024 |
IVV vs PABD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.48% while PABD returned +20.99%. Year to date, IVV is up 11.54% versus a gain of 8.83% for PABD.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.0% 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 -56.5% for IVV and -12.7% for PABD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.09% against 3.02% for PABD.
Holdings Overlap
IVV and PABD share 5 holdings out of 904 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in PABD | Difference |
|---|---|---|---|
| ROP | 0.05% | 1.30% | 1.25% |
| MRK | 0.48% | 0.14% | 0.34% |
| DG | 0.04% | 0.56% | 0.52% |
| XTSLA | Pro | Pro | Pro |
| IRM | Pro | Pro | Pro |
See all 5 holdings IVV shares with PABD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
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. On a $10,000 investment, that is $9 per year of difference.
Which performed better, IVV or PABD?
Over the past year IVV returned +21.48% vs +20.99% for PABD, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +6.97% vs +19.18% for PABD. Past performance does not guarantee future results.
Which is riskier, IVV or PABD?
IVV has been the more volatile fund at 15.1% annualized versus 12.0% for PABD. Worst drawdown: IVV -56.5% vs PABD -12.7%.
Should I hold both IVV and PABD?
IVV and PABD have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PABD?
IVV and PABD share 5 common holdings with a 0.2% weight overlap. Combined, they hold 904 unique securities.
Which pays a higher dividend, IVV or PABD?
IVV yields 1.09% while PABD yields 3.02%, so PABD currently pays the higher dividend yield.
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