iShares Paris-Aligned Climate MSCI World ex… (PABD) Performance
PABD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +6.1% since Dec 31, 2025
- 1 year
- +8.9% total return
- Since first price
- +45.4% since 2024
PABD trailing returns vs SPY, QQQ, AGG
| Period | PABD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.3% | −1.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.6% | −0.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.2% | +0.7% | +7.8% | +8.4% | −1.5% |
| YTD | +6.1% | +4.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.9% | +5.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 19, 2024 | +45.4% | +35.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PABD vs SPY
From Jan 19, 2024: PABD grew to $14,540, SPY to $16,268.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PABD returns by calendar year
1 of 1 full years positive. Best 2025 (+30.1%), worst 2025 (+30.1%). 2026 is year to date.
PABD annual returns table
| Year | PABD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +6.1% | −12.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.1% | −12.7% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PABD largest drawdowns
Now 5.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 26, 2024 | −13.4% | Apr 8, 2025 | Apr 28, 2025 | 6 months | 7 months |
| Feb 26, 2026 | −12.6% | Mar 27, 2026 | Jun 16, 2026 | 29 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PABD risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +14.7% |
| Volatility (annualized) | 12.3% |
| Sharpe ratio | 0.83 |
| Sortino ratio | 1.19 |
| Best month | +7.8% |
| Worst month | −10.3% |
| Best 12 months | +32.0% |
| Worst 12 months | +4.9% |
| Positive months | 75% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PABD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 22 | +4.9% | +18.4% | +32.0% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
PABD performance overview
iShares Paris-Aligned Climate MSCI World ex… (PABD) returned +8.9% over the past year, with distributions reinvested. Since its first recorded price on Jan 19, 2024 it has returned +45.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −13.4%, from Sep 26, 2024 to Apr 8, 2025, and it took 20 days to get back to the old high. Volatility has been 12.3% a year.
Related: PABD chart, PABD holdings, PABD dividends. See the PABD overview for the latest quote and fund facts.
PABD performance FAQ
What is the PABD return over the past year?
PABD returned +8.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.6%.
How much would $10,000 invested in PABD be worth?
$10,000 invested in PABD at its first recorded close on January 19, 2024 would be worth about $14,540 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of PABD?
The largest peak-to-trough decline was −13.4% between September 26, 2024 and April 8, 2025. It recovered to the old high on April 28, 2025, 20 days after the bottom.
How volatile is PABD?
Over the past history PABD had an annualized volatility of 12.3% and a Sharpe ratio of 0.83 (excess return over 1–3 month T-bills per unit of risk).