IPAC — iShares Core MSCI Pacific ETF

IPAC Price Performance — Growth of $10,000

Value of a $10,000 investment in IPAC over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

IPAC Drawdown

The "underwater" chart: IPAC's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Core MSCI Pacific ETF (IPAC) is an International Developed fund issued by iShares with $2.59 billion in assets under management. Trading at a price of $80.84, the fund holds an overall rank of #99 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 70.5/100. Investors can access this fund with a low expense ratio of 0.09% while receiving a dividend yield of 3.90%. The asset size of $2.59 billion suggests significant investor adoption relative to the 22 other ETFs tracked within the International Developed category. This combination of a moderate expense ratio and a substantial dividend yield positions the fund as a cost-effective income vehicle within its specific sector. The overall ranking of #99 indicates the fund sits in the upper tier of performance among the broader universe of 458 tracked ETFs. Its position as a large-cap Pacific exposure fund aligns with its status as a core holding option for international developed market investors.

Over the short term, the fund experienced negative returns with a 1-day decline of -0.63%, a 1-week drop of -1.68%, and a 1-month loss of -1.26%. This initial weakness contrasted with a positive shift in the 3-month period, which saw a return of +3.15%, followed by further acceleration to +4.39% over six months. Year-to-date performance has been robust at +10.47%, building on a strong one-year return of +22.66%. The long-term trajectory is highlighted by a 3-year return of +57.14%, demonstrating sustained growth over the multi-year horizon. While recent daily and weekly fluctuations were negative, the fund has recovered to post positive gains across the 3-month, 6-month, and year-to-date periods. The data shows a clear divergence between short-term volatility and the strong positive momentum observed over the one-year and three-year timeframes.

The fund carries a Moderate volatility label and a beta of 0.86, indicating that its price movements are generally less volatile than the broader market benchmark. A Sharpe ratio of 1.02 suggests the fund has generated a favorable risk-adjusted return relative to the risk taken during the measurement period. The maximum drawdown of -15.46% represents the largest peak-to-trough decline experienced by the fund, providing a measure of its downside protection capabilities. This combination of a beta below 1.0 and a moderate volatility classification implies the fund tends to move less aggressively than the market in both up and down conditions. The Sharpe ratio of 1.02 further supports the view that the returns generated have compensated investors adequately for the level of risk involved. The max drawdown figure of -15.46% serves as a historical reference point for the maximum loss an investor might have faced during a market downturn.

AI-generated summary based on the data on this page.

IPAC Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 17.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how IPAC's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With IPAC

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IPAC's top 10 — BBJP overlaps most, holding 8 of the same companies as IPAC's top 10 (12.9% of IPAC's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.61% (as of 2026-07-28) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.21 (as of 2026-07-28) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 120.71 (as of 2026-07-24) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

IPAC Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 11.39% and average daily volume is 109K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.59B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IPAC is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

IPAC Performance History

How IPAC Compares to Other International Developed ETFs