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ETFs

iShares Trust iShares Paris-Aligned Climate MSCI USA ETF

PABU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 08 2022
Expense Ratio
0.10%
Type
Global Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$2,976,166
AUM
$1,403,071,237
Associated Index
MSCI USA Climate Paris Aligned Benchmark Extended Select Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
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Amazon.com Inc.
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Tesla Inc
2.81%
GOOG
Alphabet Inc - Ordinary Shares - Class C
2.44%
META
Meta Platforms Inc - Ordinary Shares - Class A
2.07%
LLY
Lilly(Eli) & Co
1.95%
SHW
Sherwin-Williams Co.
1.79%
V
Visa Inc - Ordinary Shares - Class A
1.72%
Invest with PABU

What is PABU?

The iShares Paris-Aligned Climate MSCI USA ETF seeks to track the investment results of an index composed of U.S. large-and mid capitalization stocks that is designed to be compatible with the objectives of the Paris Agreement by, in aggregate, following a decarbonization trajectory, reducing exposure to climate related transition and physical risks and increasing exposure to companies favorably positioned for the transition to a low-carbon economy.

ETFs related toPABU

ETFs correlated to PABU include ESGV, IQSU, GSUS

PABU
iShares Trust - iShares Paris-Aligned Climate MSCI USA ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPABU

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with PABU using Composer

FAQ

PABU is a Global Equities ETF. The iShares Paris-Aligned Climate MSCI USA ETF seeks to track the investment results of an index composed of U.S. large-and mid capitalization stocks that is designed to be compatible with the objectives of the Paris Agreement by, in aggregate, following a decarbonization trajectory, reducing exposure to climate related transition and physical risks and increasing exposure to companies favorably positioned for the transition to a low-carbon economy.

PABU tracks the MSCI USA Climate Paris Aligned Benchmark Extended Select Index.

No, PABU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PABU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PABU is -0.0167%. This is the percent change in the value of PABU over the most recent 1-month period. The 3-month return on PABU is -0.002%. This is the percent change in the value of PABU over the most recent 3-month period.

The standard deviation of PABU for the past year is 0.1881%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PABU include PBW, IGF, and ARKK.

ETFs correlated to PABU include ESGV, IQSU, and GSUS.

ETFs that are inversely correlated to PABU include SPXS, SPXU, and SDS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.