PABD vs VOO
PABD vs VOO
iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PABD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.03% | |
| AUM | $327M | $979.0B | |
| Dividend Yield | 3.02% | 1.09% | |
| Holdings | 432 | 509 | |
| YTD Return | +8.83% | +11.51% | |
| 1Y Return | +20.99% | +21.46% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +13.01% | |
| Volatility (annualized) | 12.0% | 14.1% | |
| Max Drawdown | -12.7% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 17, 2024 | Sep 7, 2010 |
PABD vs VOO Performance
iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PABD returned +20.99% while VOO returned +21.46%. Year to date, PABD is up 8.83% versus a gain of 11.51% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -12.7% for PABD and -34.3% for VOO. 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
PABD charges 0.12% per year while VOO charges 0.03%. On a $10,000 position that is $12 vs $3 annually, a gap of $9 per year that compounds over a long holding period. On income, PABD currently yields 3.02% against 1.09% for VOO.
Holdings Overlap
PABD and VOO share 4 holdings out of 905 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
Frequently Asked Questions
Which is cheaper, PABD or VOO?
PABD has an expense ratio of 0.12% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, PABD or VOO?
Over the past year PABD returned +20.99% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), PABD annualized +19.18% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, PABD or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.0% for PABD. Worst drawdown: PABD -12.7% vs VOO -34.3%.
Should I hold both PABD and VOO?
PABD and VOO 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 PABD and VOO?
PABD and VOO share 4 common holdings with a 0.2% weight overlap. Combined, they hold 905 unique securities.
Which pays a higher dividend, PABD or VOO?
PABD yields 3.02% while VOO yields 1.09%, so PABD currently pays the higher dividend yield.
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