Which returned more over the last year, PABU or USMV?

In the year to Oct 28, 2026, with distributions reinvested, PABU returned +8.2% and USMV +10.8%.

Which is cheaper, PABU or USMV?

PABU is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do PABU and USMV overlap with the S&P 500?

By their latest filed holdings, 93% of PABU and 93% of USMV by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

PABU vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PABU returned +8.2% to USMV's +10.8%; 21% of their weight is in the same names.

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Net assets on Oct 27, 2026: $2.5bn for iShares Paris-Aligned Climate Optimized MSCI USA ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

PABU on its own →USMV on its own →

At a glance

+8.2%

PABU total return, 1 year

+10.8%

USMV total return, 1 year

0.10%

PABU expense ratio

0.15%

USMV expense ratio

Pair scorecard

PABU costs 0.05 points a year less; their one-year returns differ by 2.6 points; USMV is 9.6 times larger.

PABU vs USMV: Differences, Returns & Fees
Measure	PABU	USMV
Return
Measure	PABU	USMV
Total return, 1 year	+8.2%	+10.8%
Benchmark
Measure	PABU	USMV
What it tracks	MSCI USA Climate Paris Aligned Benchmark Extended Select Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	PABU	USMV
Expense ratio	0.10%	0.15%
Net assets, as of Oct 27, 2026	$2.5bn	$24.1bn
Holdings
Measure	PABU	USMV
Holdings in common	21%
Top ten holdings, share of the fund	49.1%	14.8%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Apr 29, 2022 to Oct 23, 2026 · 234 weekly returns

PABU USMV

Return

Total return edge PABU +81.9% +51.1%

Annualized edge PABU +14.2% +9.6%

Price return edge PABU +73.3% +40.2%

Risk

Volatility edge USMV 17.7% 12.1%

Max drawdown edge USMV −19.0% −12.7%

Risk-adjusted

Sharpe edge PABU 0.60 0.46

Sortino edge PABU 0.91 0.68

Calmar edge Tie 0.75 0.76

Reading

PABU returned more: +81.9% to +51.1%. USMV swung less: 12.1% to 17.7%. USMV fell less at its worst: −12.7% to −19.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: PABU vs USMV: Differences, Returns & Fees
Measure	PABU	USMV	Edge	How it is measured
Return
Total return	+81.9%	+51.1%	PABU	Price change plus distributions, reinvested.
Annualized	+14.2%	+9.6%	PABU	Total return as a yearly rate.
Price return	+73.3%	+40.2%	PABU	Price change alone, distributions left out.
Risk
Volatility	17.7%	12.1%	USMV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	11.6%	8.1%	USMV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−19.0%	−12.7%	USMV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.60	0.46	PABU	Return above Treasury bills per unit of volatility.
Sortino	0.91	0.68	PABU	Return above Treasury bills per unit of downside deviation.
Calmar	0.75	0.76	Tie	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 234 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

21%

By the books each fund has filed, PABU and USMV hold 21% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

21% in common

Positions both hold · largest shared weight first PABU USMV

MICROSOFT 7.93% 1.61%

NVIDIA 9.30% 1.47%

MASTERCARD CLASS A 1.72% 1.28%

SERVICENOW 3.08% 1.12%

SALESFORCE 1.30% 1.11%

VISA CLASS A 1.77% 1.05%

APPLE 7.66% 0.96%

BROADCOM INC 3.31% 0.86%

ELI LILLY 3.53% 0.84%

ANALOG DEVICES 1.02% 0.79%

TEXAS INSTRUMENT 0.81% 0.79%

ADVANCED MICRO DEVICES 3.88% 0.77%

Only in one fund ↓

Only in PABU

TESLA INC 3.58%

SIMON PROPERTY GROUP REIT INC 2.04%

AMERICAN TOWER REIT 2.01%

EQUINIX REIT 1.93%

PROLOGIS REIT 1.83%

DIGITAL REALTY TRUST REIT 1.82%

ALPHABET CLASS A 1.60%

VIVMARK RESIDENTIAL 1.35%

Only in USMV

EXXONMOBIL HOLDINGS CORP 1.54%

BERKSHIRE HATHAWAY INC CLASS B 1.50%

CHUBB 1.50%

MOTOROLA SOLUTIONS INC 1.48%

AMPHENOL CORP CLASS A 1.47%

JOHNSON & JOHNSON 1.44%

MCKESSON CORP 1.43%

WELLTOWER 1.41%

Check overlap with more funds →

Side by side

PABU iShares Paris-Aligned Climate Optimized MSCI USA ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index Tracks the MSCI USA Min Vol Factor

Total return, 1 year +8.2% +10.8%

Its benchmark over the same days +13.3% (PBUS) not measured

Gap to its benchmark −5.1 pts vs PBUS not measured

Expense ratio 0.10% 0.15%

Already in the S&P 500 93.1% 93.0%

Holdings 88 176

Net assets, as of Oct 27, 2026 $2.5bn $24.1bn

PABU and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-C25F057241

PABU and USMV 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 USMV follows MSCI USA Minimum Volatility (USD) Index.
Holdings in common. 21% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 PABU returned +8.2% and USMV +10.8% with distributions reinvested, a gap of 2.6 points.

Data as of Oct 28, 2026.

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About each fund

PABU

PABU tracks an index. Over the year to Oct 28, 2026 it returned +8.2% with distributions reinvested, against +13.3% 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 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 88 positions, with the top ten at 49.1%.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, PABU or USMV?: In the year to Oct 28, 2026, with distributions reinvested, PABU returned +8.2% and USMV +10.8%.
Which is cheaper, PABU or USMV?: PABU is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do PABU and USMV overlap with the S&P 500?: By their latest filed holdings, 93% of PABU and 93% of USMV by weight is stocks the S&P 500 already holds.

Other comparisons

PABU vs SPMO DYNF vs PABU PABU vs SCHB PABU vs SPY DFSU vs USMV CGCV vs USMV SPUS vs USMV BDYN vs USMV

Where to next

PABU on its own →USMV on its own →Hold both: look the portfolio through →Rankings →PABU dividend history →PABU holdings →USMV dividend history →USMV holdings →Standards and sources →

Sources and dates

PABU and USMV filings on SEC EDGAR ↗

PABU prospectus with the expense ratio (SEC) ↗

iShares page for PABU ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

Links are sources, not endorsements. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, PABU against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/pabu-vs-usmv

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