iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF

iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF

About

iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (US46438G7299) is a US-listed equity ETF tracking the MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index (Net). With a expense ratio of 0.12%, it is competitively priced, paying distributions. The fund holds 431 positions across 24 regions with 328M in assets.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jun 22, 2026
Component Score Details
Cost (30%) 8.8 Tracking Difference: 9.4 · TD Consistency: — · Expense Ratio: 7.4
Liquidity (25%) 6.9 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker PABD
ISIN
Fund Size $328.0M
Issuer iShares
Distribution Pays Distributions
Replication Physical
Inception Jan 2024
Base Currency USD
Index MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index (Net)
Asset Class Equities
Category US Equity

Costs

8.8
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.12%

Cumulative Returns

Performance across different time periods.
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month
3 Months
6 Months
1 Year +20.30%
3 Years
5 Years
10 Years
YTD +7.59%
Since Inception +18.52%

Holdings

This fund invests into 431 individual investments.
#1
ASML Holding NV
3.44%
#2
Royal Bank of Canada
1.53%
#3
Novartis AG
1.44%
#4
HSBC Holdings PLC
1.35%
#5
ABB Ltd
1.30%
#6
Schneider Electric SE
1.30%
#7
Roche Holding AG
1.27%
#8
AstraZeneca PLC
1.23%
#9
Toronto-Dominion Bank/The
1.10%
#10
Mitsubishi UFJ Financial Group Inc
1.01%
View all holdings (50)
# Holding Ticker Weight
1 ASML Holding NV ASML 343.69%
2 Royal Bank of Canada RY 152.99%
3 Novartis AG NOVN 143.76%
4 HSBC Holdings PLC HSBA 135.18%
5 ABB Ltd ABBN 130.13%
6 Schneider Electric SE SU 129.89%
7 Roche Holding AG ROP 126.51%
8 AstraZeneca PLC AZN 123.26%
9 Toronto-Dominion Bank/The TD 109.98%
10 Mitsubishi UFJ Financial Group Inc 8306 100.58%
11 Tokyo Electron Ltd 8035 96.11%
12 Allianz SE ALV 93.65%
13 Banco Santander SA SAN 89.13%
14 Murata Manufacturing Co Ltd 6981 88.79%
15 Commonwealth Bank of Australia CBA 86.71%
16 Advantest Corp 6857 77.33%
17 UniCredit SpA UCG 76.46%
18 Kioxia Holdings Corp 285A 74.42%
19 UBS Group AG UBSG 73.84%
20 SAP SE SAP 72.99%
21 Siemens AG SIE 72.61%
22 SoftBank Group Corp 9984 72.28%
23 Keyence Corp 6861 70.99%
24 Infineon Technologies AG IFX 70.19%
25 Transurban Group TCL 70.11%
26 LVMH Moet Hennessy Louis Vuitton SE MC 69.28%
27 Novo Nordisk A/S NOVO B 65.96%
28 Hydro One Ltd H 65.26%
29 Iberdrola SA IBE 64.23%
30 Sumitomo Mitsui Financial Group Inc 8316 62.56%
31 Canadian Imperial Bank of Commerce CM 62.33%
32 Barclays PLC BARC 60.48%
33 L'Oreal SA OR 60.29%
34 Vinci SA DG 59.24%
35 Sony Group Corp 6758 58.27%
36 Antofagasta PLC ANTO 57.57%
37 CapitaLand Integrated Commercial Trust CICT 57.02%
38 Terna - Rete Elettrica Nazionale TRN 56.95%
39 Zurich Insurance Group AG ZURN 56.46%
40 Wheaton Precious Metals Corp WPM 56.15%
41 Agnico Eagle Mines Ltd AEM 55.47%
42 GSK PLC GSK 54.69%
43 Ferrovial SE FER 54.04%
44 AIA Group Ltd 1299 54.01%
45 Manulife Financial Corp MFC 53.44%
46 Fast Retailing Co Ltd 9983 52.20%
47 Shopify Inc SHOP 51.97%
48 Aena SME SA AENA 49.30%
49 Swiss Prime Site AG SPSN 48.46%
50 Sanofi SA SAN 48.43%

Sectors

Allocation by industry sector.
 
Sector Weight
Financials 2958.00%
Industrials 1638.00%
Technology 1425.00%
Health Care 1161.00%
Real Estate 606.00%
Consumer Discretionary 570.00%
Materials 495.00%
Utilities 437.00%
Consumer Staples 385.00%
Communication Services 260.00%
Unknown 46.00%
Energy 19.00%

Regions

Geographic allocation by country of risk.
 
Country Weight
Japan 1907.00%
Canada 1332.00%
Switzerland 988.00%
United Kingdom 984.00%
France 849.00%
Australia 567.00%
Germany 566.00%
Netherlands 489.00%
Spain 378.00%
Italy 310.00%
Sweden 308.00%
Hong Kong SAR China 181.00%
Finland 167.00%
Denmark 161.00%
Belgium 159.00%
Singapore 132.00%
Norway 130.00%
United States 116.00%
Israel 102.00%
Portugal 50.00%
UNKNOWN 44.00%
Austria 35.00%
New Zealand 34.00%
Ireland 9.00%
Jersey 2.00%
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