iShares Paris-Aligned Climate MSCI USA ETF (PABU) Performance
PABU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.6% since Dec 31, 2025
- 1 year
- +9.6% total return
- 3 years
- +20.8% a year
- Since first price
- +12.2% a year since 2022
PABU trailing returns vs SPY, QQQ, AGG
| Period | PABU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.9% | −0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.6% | +6.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.0% | +7.5% | +7.8% | +8.4% | −1.5% |
| YTD | +8.6% | +7.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.6% | +8.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +76.4%+20.8%/yr | +71.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionApr 20, 2022 | +68.1%+12.2%/yr | +60.2% | — | — | — |
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: PABU vs SPY
From Apr 20, 2022: PABU grew to $16,814, SPY to $18,151.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PABU returns by calendar year
3 of 3 full years positive. Best 2023 (+29.5%), worst 2025 (+13.1%). 2026 is year to date.
PABU annual returns table
| Year | PABU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.6% | −12.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.1% | −20.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +24.8% | −8.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +29.5% | −11.5% | +26.2% | +54.9% | +5.7% |
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.
PABU largest drawdowns
Now 2.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 11, 2024 | −20.8% | Apr 8, 2025 | Jul 3, 2025 | 4 months | 7 months |
| Apr 20, 2022 | −20.8% | Oct 14, 2022 | Jun 15, 2023 | 6 months | 1.2 years |
| Oct 28, 2025 | −13.4% | Mar 30, 2026 | May 1, 2026 | 5 months | 6 months |
| Jul 19, 2023 | −11.5% | Oct 27, 2023 | Dec 1, 2023 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PABU risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +20.0% | +14.5% |
| Volatility (annualized) | 14.5% | 16.5% |
| Sharpe ratio | 1.04 | 0.66 |
| Sortino ratio | 2.09 | 1.11 |
| Best month | +11.5% | +11.5% |
| Worst month | −6.5% | −9.2% |
| Best 12 months | +38.3% | +38.3% |
| Worst 12 months | +6.4% | +1.4% |
| Positive months | 58% | 57% |
| Beta vs S&P 500 | 1.13 | — |
| Correlation with S&P 500 | 0.97 | — |
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.
PABU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 43 | +1.4% | +15.8% | +38.3% | 100% |
| 3-year (a year) | 19 | +10.9% | +18.6% | +23.5% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
PABU performance overview
iShares Paris-Aligned Climate MSCI USA ETF (PABU) returned +9.6% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +12.2% a year, turning $10,000 into about $16,814. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.8%, from Dec 11, 2024 to Apr 8, 2025, and it took 3 months to get back to the old high. PABU finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+29.5%) and the worst 2025 (+13.1%). Volatility has been 16.5% a year.
Related: PABU chart, PABU holdings, PABU dividends, PABU valuation. See the PABU overview for the latest quote and fund facts.
PABU performance FAQ
What is the PABU return over the past year?
PABU returned +9.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.5%.
How much would $10,000 invested in PABU be worth?
$10,000 invested in PABU at its first recorded close on April 20, 2022 would be worth about $16,814 on October 23, 2026 with distributions reinvested.
What was the worst year for PABU?
The worst calendar year was 2025, with a total return of +13.1%. The best was 2023 at +29.5%.
What is the biggest drawdown of PABU?
The largest peak-to-trough decline was −20.8% between December 11, 2024 and April 8, 2025. It recovered to the old high on July 3, 2025, 3 months after the bottom.
How volatile is PABU?
Over the past 3 years PABU had an annualized volatility of 14.5% and a Sharpe ratio of 1.04 (excess return over 1–3 month T-bills per unit of risk).