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PABDvsFEDMETF Comparison

ETF 1
PABD

iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF

This fund is part of
US Large Cap
+0.9%
VS
ETF 2
FEDM

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund

This fund is part of
DM Large & Mid Cap
+0.24%

iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD) belongs to the US Large Cap segment. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is part of the DM Large & Mid Cap segment. PABD's top 3 sector exposures are Financials, Industrials and Information Technology. In contrast, FEDM's top sector exposures are Financials, Industrials and Health Care. PABD is less expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.14% for FEDM. PABD is up 4.49% year-to-date (YTD) with +$14M in YTD flows. FEDM performs worse with 3.84% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of PABD and FEDM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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PABD vs FEDM performance and flow charts

Performance

-20246810%Mar 24Mar 31Apr 8Apr 15Apr 22

Cumulative Flows

Mar 24Mar 31Apr 8Apr 15Apr 22

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Historic performance and flows
Data as of 04/24/2026
1M3MYTD1Y3Y5Y
Perf.
PABD
FEDM
+8.26%+7.29%
+0.29%+0.57%
+4.49%+3.84%
+23.68%+22.64%
n/a+43.47%
n/an/a
Flows
PABD
FEDM
--
+$14M-
+$14M+$2M
+$142M+$16M
-+$22M
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
PABD
FEDM
+21.66%+19.23%
+14.67%+13.02%
n/a+13.53%
n/an/a
Max drawdown
PABD
FEDM
-12.46%-10.69%
-12.46%-10.69%
n/a-14.86%
n/an/a
Max drawdown duration
PABD
FEDM
54d54d
54d54d
n/a214d
n/an/a
Trading data

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PABD
FEDM
Last sale
4/27/2026 at 1:30 PM
$67.40
$61.32
Previous close
04/24/2026
$67.55
$61.51
Consolidated volume
04/24/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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PABD
FEDM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
PABD
FEDM
Last price
$67.40
$61.32
1D performance
-0.23%
-0.31%
AuM$321.24 M$78.45 M
E/R0.12%0.14%
Characteristics
PABD
FEDM
Management strategyPassivePassive
ProvideriSharesFlexShares
BenchmarkMSCI World ex USA Climate Paris Aligned Benchmark Extended Select IndexNorthern Trust ESG & Climate Developed Markets ex-US Core Index
N° of holdings391210
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateJanuary 17, 2024September 21, 2021
ESGYesYes
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Exposure

Countries

PABD
Japan
17.58%
Canada
13.95%
Switzerland
10.38%
United Kingdom
10.13%
France
8.72%
Other
39.23%
FEDM
Japan
19.05%
United Kingdom
13.79%
Canada
11.59%
France
8.66%
Germany
8.32%
Other
38.59%

Sectors

PABD
Financials
28.54%
Industrials
14.59%
Information Techn.
10.76%
Health Care
9.33%
Other
36.79%
FEDM
Financials
25.84%
Industrials
17.21%
Health Care
9.47%
Information Techn.
8.94%
Other
38.55%
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Diversification

PABD

Total weight of top 15 holdings out of 15

18.34%
FEDM

Total weight of top 15 holdings out of 15

22.15%

Top 15 holdings

Data as of March 31, 2026
PABD
ASML HOLDING
2.59%
NOVARTIS
1.63%
ASTRAZENECA
1.51%
CH1499059983
1.37%
ROYAL BK CANADA
1.37%
HSBC HOLDINGS
1.34%
SCHNEIDER ELECTRIC SE
1.20%
ABB
1.15%
COMMONWEALTH BANK OF AUSTRALIA
0.97%
TORONTO DOMINION
0.95%
ALLIANZ SE
0.93%
SAP SE
0.90%
MITSUBISHI UFJ FINANCIAL GROUP
0.88%
BANCO SANTANDER SA
0.79%
AGNICO EAGLE MINES LTD
0.77%
FEDM
ASML HOLDING
2.49%
SHELL PLC
1.82%
ROYAL BK CANADA
1.74%
ASTRAZENECA
1.68%
NOVARTIS
1.63%
COMMONWEALTH BANK OF AUSTRALIA
1.58%
ENBRIDGE
1.38%
SCHNEIDER ELECTRIC SE
1.33%
SIEMENS
1.32%
ZURICH INSURANCE
1.25%
SAP SE
1.21%
HITACHI
1.20%
CDN IMPERIAL BK
1.20%
NESTLE SA
1.19%
SIEMENS ENERGY AG
1.12%
Frequently asked questions about PABD and FEDM

How have the PABD and FEDM ETFs performed in 2026?

As of April 24, 2026, PABD is up 4.49% year-to-date (YTD), while FEDM has returned 3.84%. That puts PABD better performer ahead so far this year.

Which ETF is attracting more investor money: PABD or FEDM?

Year-to-date, the PABD ETF saw +$14M in flows, compared to +$2M for FEDM.

Which ETF is more volatile: PABD or FEDM?

Over the past year, PABD had a volatility of 14.67%, while FEDM experienced 13.02%.

Which ETF is bigger: PABD or FEDM?

As of April 24, 2026, PABD holds $321.24 M in assets under management (AUM), while FEDM manages $78.45 M.

What sectors do the PABD and FEDM ETFs invest in?

PABD leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, FEDM focuses on Financials, Industrials and Health Care.

What are the top holdings of the PABD ETF and FEDM ETF?

PABD top holdings include ASML HOLDING, NOVARTIS and ASTRAZENECA. FEDM holds in its top three: ASML HOLDING, SHELL PLC and ROYAL BK CANADA.

Which ETF is more diversified: PABD or FEDM?

PABD holds 421 securities with 18.34% of its assets in the top 15. FEDM has 221 securities and a top 15 weight of 22.15%.

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