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PABDvsFEDMETF Comparison

ETF 1

PABD

iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF

Full PABD fund page

VS

ETF 2

FEDM

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

This fund is part of

DM Large & Mid Cap

+0.2%

Full FEDM fund page

iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF (PABD) belongs to the 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 0.16% for FEDM. PABD is up 8.95% year-to-date (YTD) with +$12M in YTD flows. FEDM performs worse with 6.77% 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

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PABD FEDM	+4.40%+3.28%	+10.94%+7.64%	+8.95%+6.77%	+22.27%+18.55%	n/a+48.72%	n/an/a
Flows	PABD FEDM	+$4M-	-$2M-$3M	+$12M-$2M	+$130M+$11M	-+$19M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PABD FEDM	+21.07%+16.95%	+15.75%+13.20%	n/a+13.57%	n/an/a
Max drawdown	PABD FEDM	-4.34%-3.82%	-12.46%-10.69%	n/a-14.86%	n/an/a
Max drawdown duration	PABD FEDM	33d54d	103d107d	n/a214d	n/an/a

Trading data

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	PABD	FEDM
Last sale 6/18/2026 at 1:30 PM	$69.44	$62.21
Previous close 06/18/2026	$68.94	$62.94
Consolidated volume 06/18/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 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

Main metrics

Last update 6/18/2026 at 1:30 PM

Live

Closed

	PABD	FEDM
Last price	$69.44	$62.21
1D performance	+0.73%	-1.17%
AuM	$328.02 M	$76.41 M
E/R	0.12%	0.16%

Characteristics

	PABD	FEDM
Management strategy	Passive	Passive
Provider	iShares	FlexShares
Benchmark	MSCI World ex USA Climate Paris Aligned Benchmark Extended Select Index	Northern Trust ESG & Climate Developed Markets ex-US Core Index
N° of holdings	391	207
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 17, 2024	September 21, 2021
ESG	Yes	Yes

More PABD data on Trackinsight

More FEDM data on Trackinsight

Exposure

Countries

PABD

Japan

18.32%

Canada

13.83%

Switzerland

10.2%

United Kingdom

10.05%

France

8.58%

Other

39.02%

FEDM

Japan

18.71%

United Kingdom

13.51%

Canada

11.7%

France

8.67%

Germany

8.41%

Other

39.01%

Sectors

PABD

Financials

28.83%

Industrials

15.1%

Information Techn.

11.92%

Health Care

8.54%

Other

35.61%

FEDM

Financials

26.31%

Industrials

18.1%

Health Care

9.28%

Information Techn.

8.76%

Other

37.54%

Diversification

PABD

Total weight of top 15 holdings out of 15

18.7%

FEDM

Total weight of top 15 holdings out of 15

22.15%

Top 15 holdings

Data as of April 30, 2026

PABD

ASML HOLDING

2.66%

NOVARTIS

1.48%

HSBC HOLDINGS

1.41%

ROYAL BK CANADA

1.40%

ASTRAZENECA

1.38%

ABB

1.35%

CH1499059983

1.33%

SCHNEIDER ELECTRIC SE

1.32%

TORONTO DOMINION

1.01%

COMMONWEALTH BANK OF AUSTRALIA

0.97%

ALLIANZ SE

0.94%

ADVANTEST

0.89%

MITSUBISHI UFJ FINANCIAL GROUP

0.89%

SAP SE

0.84%

SIEMENS

0.83%

FEDM

ASML HOLDING

2.48%

ROYAL BK CANADA

1.80%

COMMONWEALTH BANK OF AUSTRALIA

1.62%

SHELL PLC

1.60%

SIEMENS

1.54%

ASTRAZENECA

1.53%

SCHNEIDER ELECTRIC SE

1.49%

NOVARTIS

1.47%

CDN IMPERIAL BK

1.30%

SIEMENS ENERGY AG

1.29%

ENBRIDGE

1.27%

HITACHI

1.27%

SAP SE

1.17%

NESTLE SA

1.16%

ZURICH INSURANCE

1.16%

Frequently asked questions about PABD and FEDM

How have the PABD and FEDM ETFs performed in 2026?

As of June 18, 2026, PABD is up 8.95% year-to-date (YTD), while FEDM has returned 6.77%. 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 +$12M in flows, compared to -$2M for FEDM.

Which ETF is more volatile: PABD or FEDM?

Over the past year, PABD had a volatility of 15.75%, while FEDM experienced 13.2%.

Which ETF is bigger: PABD or FEDM?

As of June 18, 2026, PABD holds $328.02 M in assets under management (AUM), while FEDM manages $76.41 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 HSBC HOLDINGS. FEDM holds in its top three: ASML HOLDING, ROYAL BK CANADA and COMMONWEALTH BANK OF AUSTRALIA.

PABDvsFEDMETF Comparison

iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF

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

PABD vs FEDM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PABD and FEDM ETFs performed in 2026?

As of June 18, 2026, PABD is up 8.95% year-to-date (YTD), while FEDM has returned 6.77%. 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 +$12M in flows, compared to -$2M for FEDM.

Which ETF is more volatile: PABD or FEDM?

Over the past year, PABD had a volatility of 15.75%, while FEDM experienced 13.2%.

Which ETF is bigger: PABD or FEDM?

As of June 18, 2026, PABD holds $328.02 M in assets under management (AUM), while FEDM manages $76.41 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 HSBC HOLDINGS. FEDM holds in its top three: ASML HOLDING, ROYAL BK CANADA and COMMONWEALTH BANK OF AUSTRALIA.

Which ETF is more diversified: PABD or FEDM?

PABD holds 420 securities with 18.7% of its assets in the top 15. FEDM has 211 securities and a top 15 weight of 22.15%.

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