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iShares Paris-Aligned Climate MSCI World ex USA ETF (PABD)



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Upturn Advisory Summary
08/14/2025: PABD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit -5.98% | Avg. Invested days 44 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 49.12 - 60.66 | Updated Date 06/30/2025 |
52 Weeks Range 49.12 - 60.66 | Updated Date 06/30/2025 |
Upturn AI SWOT
iShares Paris-Aligned Climate MSCI World ex USA ETF
ETF Overview
Overview
The iShares Paris-Aligned Climate MSCI World ex USA ETF (ACWX) aims to track the investment results of an index composed of developed and emerging market equities, excluding the U.S., that seeks to support the goals of the Paris Agreement.
Reputation and Reliability
iShares, a division of BlackRock, is a reputable and reliable ETF provider with a long track record and extensive experience in the ETF market.
Management Expertise
BlackRock has a strong management team with extensive experience in investment management and ETF operations.
Investment Objective
Goal
The fund seeks to track the investment results of the MSCI World ex USA Climate Paris Aligned Index, which aims to minimize exposure to transition and physical climate risks and increase exposure to climate transition opportunities.
Investment Approach and Strategy
Strategy: The ETF tracks a specific index, the MSCI World ex USA Climate Paris Aligned Index.
Composition The ETF holds stocks of companies located in developed and emerging markets, excluding the United States, that meet the index's climate-related criteria.
Market Position
Market Share: Market share is difficult to precisely determine without access to proprietary data, but ACWX has a smaller market share compared to broader international ex-US ETFs.
Total Net Assets (AUM): 220383395.89
Competitors
Key Competitors
- VEU
- VXUS
- IXUS
Competitive Landscape
The international ex-US ETF market is highly competitive. ACWX has the advantage of focusing on climate alignment, attracting ESG-conscious investors, however it has smaller AUM compared to its competitors like VEU and VXUS. The competitive advantage comes from its focus on climate change, but this narrower focus may lead to underperformance relative to its competitors.
Financial Performance
Historical Performance: Historical performance data unavailable for direct inclusion. Refer to iShares or other financial data providers for performance history.
Benchmark Comparison: Benchmark comparison requires specific performance data; refer to fund documents for detailed comparisons.
Expense Ratio: 0.2
Liquidity
Average Trading Volume
The average trading volume for ACWX is moderate, which may impact execution costs for large trades.
Bid-Ask Spread
The bid-ask spread for ACWX is generally tight but can widen during periods of market volatility.
Market Dynamics
Market Environment Factors
ACWX is affected by global economic growth, international trade policies, and sentiment towards ESG investing.
Growth Trajectory
The growth trajectory is linked to growing interest in ESG investing and the demand for Paris-aligned investment products; ACWX has seen changes in strategy and holdings due to the underlying index methodology.
Moat and Competitive Advantages
Competitive Edge
ACWX has a competitive advantage in that it targets investments aligned with the Paris Agreement, attracting investors focused on climate change. Its partnership with MSCI and iShares' strong brand provides credibility and accessibility to investors. The fundu2019s unique index methodology that aligns investment strategies to climate goals distinguishes it. By screening against a variety of environmental factors, it further appeals to socially responsible investors.
Risk Analysis
Volatility
ACWX's volatility is comparable to other international equity ETFs, reflecting the inherent volatility of global stock markets.
Market Risk
ACWX is subject to market risk, currency risk, and the specific risks associated with the non-US countries in which it invests, including geopolitical and regulatory risks.
Investor Profile
Ideal Investor Profile
The ideal investor for ACWX is someone seeking exposure to international equities while incorporating climate-conscious investing into their portfolio.
Market Risk
ACWX is suitable for long-term investors with a moderate to high risk tolerance who are interested in ESG and climate-focused investing.
Summary
The iShares Paris-Aligned Climate MSCI World ex USA ETF provides exposure to international equities, excluding the US, with a focus on companies aligned with the Paris Agreement. Its focus on climate change makes it attractive to ESG investors. Its risk factors need to be considered due to its exposure to international markets, however BlackRock's strong brand and its climate-conscious approach are potential investment drivers. The fund's lower expenses and unique target benchmark make it a solid choice for ESG focused investors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- iShares website
- MSCI website
- ETF.com
- Morningstar
Disclaimers:
Data is based on available information and may be subject to change. Investment involves risk, including the potential loss of principal.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares Paris-Aligned Climate MSCI World ex USA ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The index is composed of large- and mid-cap developed market equities, excluding the U.S., that are selected and weighted so that, in the aggregate, the portfolio is compatible with the objectives of the Paris Agreement by 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. The fund generally will invest at least 90% of its assets in the component securities of its index.

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