PABU vs PWB: Differences, Returns & Fees
PABU and PWB hold 32% of their weight in the same names, and PWB returned +20.2% over the year. Net assets on Oct 20, 2026: $2.5bn for iShares Paris-Aligned Climate Optimized MSCI USA ETF and $2.6bn for Invesco Large Cap Growth ETF.
PABU costs 0.45 points a year less; their one-year returns differ by 10.0 points.
| PABU | PWB | |
|---|---|---|
| Expense ratio | 0.10% | 0.55% |
| Net assets | $2.5bn | $2.6bn |
| Total return, 1 year | +10.2% | +20.2% |
| What it tracks | MSCI USA Climate Paris Aligned Benchmark Extended Select Index | Dynamic Large Cap Growth Intellidex Index |
| Holdings in common | 32% | |
| Top ten holdings, share of the fund | 48.9% | 36.0% |
| Below its high | 8.9%, high on Jun 22, 2026 | |
Holdings in common uses holdings dated Oct 19, 2026.
PABU and PWB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. PABU follows MSCI USA Climate Paris Aligned Benchmark Extended Select Index and PWB follows Dynamic Large Cap Growth Intellidex Index.
- Holdings in common. 32% of the weight is in the same securities (holdings dated Oct 19, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 PABU returned +10.2% and PWB +20.2% with distributions reinvested, a gap of 10.0 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, PABU and PWB hold 32% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.
half
32% in common
On the same fields
PABU and PWB on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About PABU
PABU tracks an index. Over the year to Oct 20, 2026 it returned +10.2% with distributions reinvested, against +15.4% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.10% a year. By its holdings published by its issuer for Oct 19, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 88 positions, with the top ten at 48.9%.
About PWB
PWB tracks an index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 19, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 36.0%. It sat 8.9% below its high of Jun 22, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +20.2% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
Questions people ask
- Which returned more over the last year, PABU or PWB?
- In the year to Oct 20, 2026, with distributions reinvested, PABU returned +10.2% and PWB +20.2%.
- Which is cheaper, PABU or PWB?
- PABU is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, PABU against PWB, data as of Oct 20, 2026. https://etfiq.com/compare/any/pabu-vs-pwb
ETFIQ. (Oct 20, 2026). PABU against PWB. Retrieved from https://etfiq.com/compare/any/pabu-vs-pwb
[PABU against PWB (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/pabu-vs-pwb)
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