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ALAU.L vs. IPAC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ALAU.L vs. IPAC

Last updated Jun 5, 2026

ALAU.L (Amundi MSCI Em Latin America) and IPAC (iShares Core MSCI Pacific ETF) are both exchange-traded funds - ALAU.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while IPAC is a Asia Pacific Equities fund tracking the MSCI Pacific Investable Market Index. Both are passively managed. Over the past 10 years, ALAU.L returned 7.95%/yr vs 9.03%/yr for IPAC. At a 0.22 correlation, their price movements are largely independent. ALAU.L charges 0.10%/yr vs 0.09%/yr for IPAC.

Performance

ALAU.L vs. IPAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi MSCI Em Latin America (ALAU.L) and iShares Core MSCI Pacific ETF (IPAC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ALAU.L achieves a 10.04% return, which is significantly lower than IPAC's 13.95% return. Over the past 10 years, ALAU.L has underperformed IPAC with an annualized return of 7.95%, while IPAC has yielded a comparatively higher 9.03% annualized return.

ALAU.L

1D
-0.62%
1M
-7.64%
YTD
10.04%
6M
8.67%
1Y
37.31%
3Y*
14.13%
5Y*
9.93%
10Y*
7.95%

IPAC

1D
0.19%
1M
3.79%
YTD
13.95%
6M
14.78%
1Y
27.92%
3Y*
17.27%
5Y*
7.69%
10Y*
9.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ALAU.L vs. IPAC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ALAU.L
Amundi MSCI Em Latin America		10.04%54.14%-26.41%31.12%13.78%-9.59%-8.76%9.52%-8.57%24.51%
IPAC
iShares Core MSCI Pacific ETF		13.95%25.16%6.18%14.51%-13.68%3.09%12.39%19.44%-12.78%25.97%

Correlation

The correlation between ALAU.L and IPAC is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2015

0.22

Over the past year, ALAU.L and IPAC have become more correlated (0.55) than their long-term average of 0.22, meaning their price movements have been converging.

ALAU.L vs. IPAC - Sectors Allocation Comparison

Sectors
ALAU.L
IPAC

Financial Services

30.3%
22.9%

Basic Materials

19.7%
8.2%

Energy

11.7%
1.8%

Industrials

10.8%
21.3%

Consumer Defensive

9.9%
4.0%

Utilities

8.5%
1.9%

Communication Services

4.0%
5.7%

Consumer Cyclical

1.6%
10.8%

Real Estate

1.6%
5.5%

Healthcare

1.4%
5.3%

Technology

0.7%
12.9%

Financial Services

ALAU.L
30.3%
IPAC
22.9%

Basic Materials

ALAU.L
19.7%
IPAC
8.2%

Energy

ALAU.L
11.7%
IPAC
1.8%

Industrials

ALAU.L
10.8%
IPAC
21.3%

Consumer Defensive

ALAU.L
9.9%
IPAC
4.0%

Utilities

ALAU.L
8.5%
IPAC
1.9%

Communication Services

ALAU.L
4.0%
IPAC
5.7%

Consumer Cyclical

ALAU.L
1.6%
IPAC
10.8%

Real Estate

ALAU.L
1.6%
IPAC
5.5%

Healthcare

ALAU.L
1.4%
IPAC
5.3%

Technology

ALAU.L
0.7%
IPAC
12.9%

Compare stocks, funds, or ETFs

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Amundi MSCI Em Latin America

iShares Core MSCI Pacific ETF

Often compared with ALAU.L:
ALAU.L vs. ALAG.LALAU.L vs. 100D.LALAU.L vs. FVUB.LALAU.L vs. XMLA.LALAU.L vs. XMBR.LALAU.L vs. DLTM.LALAU.L vs. LTAM.L
Often compared with IPAC:
IPAC vs. VPLIPAC vs. IVALIPAC vs. FLCHIPAC vs. IEMGIPAC vs. VEAIPAC vs. ^GSPCIPAC vs. SPY

Return for Risk

ALAU.L vs. IPAC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ALAU.L
ALAU.L Risk / Return Rank: 5555
Overall Rank
ALAU.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
ALAU.L Sortino Ratio Rank: 5454
Sortino Ratio Rank
ALAU.L Omega Ratio Rank: 5252
Omega Ratio Rank
ALAU.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
ALAU.L Martin Ratio Rank: 5252
Martin Ratio Rank
IPAC
IPAC Risk / Return Rank: 5151
Overall Rank
IPAC Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IPAC Sortino Ratio Rank: 5151
Sortino Ratio Rank
IPAC Omega Ratio Rank: 5252
Omega Ratio Rank
IPAC Calmar Ratio Rank: 5050
Calmar Ratio Rank
IPAC Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALAU.L vs. IPAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Em Latin America (ALAU.L) and iShares Core MSCI Pacific ETF (IPAC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

ALAU.LIPACDifference
Sharpe ratioReturn per unit of total volatility
1.85
1.71

+0.13

Sortino ratioReturn per unit of downside risk
2.55
2.45

+0.10

Omega ratioGain probability vs. loss probability

1.32

1.32

0.00

Calmar ratioReturn relative to maximum drawdown

3.12

2.44

+0.68

Martin ratioReturn relative to average drawdown

8.71

8.80

-0.09

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALAU.L vs. IPAC - Sharpe Ratio Comparison

The current ALAU.L Sharpe Ratio is 1.85, which is comparable to the IPAC Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of ALAU.L and IPAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ALAU.LIPACDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

1.71

+0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.46

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

0.55

-0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.45

+0.02

Drawdowns

ALAU.L vs. IPAC - Drawdown Comparison

The maximum ALAU.L drawdown since its inception was -51.94%, which is greater than IPAC's maximum drawdown of -30.99%. Use the drawdown chart below to compare losses from any high point for ALAU.L and IPAC.

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Drawdown Indicators

ALAU.LIPACDifference

Max Drawdown

Largest peak-to-trough decline

-51.94%

-30.99%

-20.95%

Max Drawdown (1Y)

Largest decline over 1 year

-11.90%

-11.49%

-0.41%

Max Drawdown (3Y)

Largest decline over 3 years

-27.25%

-15.45%

-11.80%

Max Drawdown (5Y)

Largest decline over 5 years

-27.25%

-29.64%

+2.39%

Max Drawdown (10Y)

Largest decline over 10 years

-51.94%

-30.99%

-20.95%

Current Drawdown

Current decline from peak

-11.90%

-0.37%

-11.53%

Average Drawdown

Average peak-to-trough decline

-11.55%

-7.48%

-4.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.27%

3.18%

+1.09%

Volatility

ALAU.L vs. IPAC - Volatility Comparison

Amundi MSCI Em Latin America (ALAU.L) has a higher volatility of 5.96% compared to iShares Core MSCI Pacific ETF (IPAC) at 3.91%. This indicates that ALAU.L's price experiences larger fluctuations and is considered to be riskier than IPAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ALAU.LIPACDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.96%

3.91%

+2.05%

Volatility (6M)

Calculated over the trailing 6-month period

17.19%

13.09%

+4.10%

Volatility (1Y)

Calculated over the trailing 1-year period

20.13%

16.39%

+3.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.18%

16.62%

+13.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.65%

16.58%

+29.07%

ALAU.L vs. IPAC - Expense Ratio Comparison

ALAU.L has a 0.10% expense ratio, which is higher than IPAC's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ALAU.L vs. IPAC - Dividend Comparison

ALAU.L has not paid dividends to shareholders, while IPAC's dividend yield for the trailing twelve months is around 3.79%.

PositionTTM20252024202320222021202020192018201720162015
ALAU.L
Amundi MSCI Em Latin America		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IPAC
iShares Core MSCI Pacific ETF		3.79%4.32%3.43%3.16%2.76%4.03%1.68%3.37%2.95%2.98%2.66%2.60%

Frequently Asked Questions

ALAU.L and IPAC have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IPAC is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IPAC is cheaper with a 0.09% expense ratio, compared with 0.10% for ALAU.L.

ALAU.L is categorized as Latin America Equities, while IPAC is Asia Pacific Equities. ALAU.L tracks MSCI EM Latin America NR USD, while IPAC tracks MSCI Pacific Investable Market Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for ALAU.L and 0.09% for IPAC.

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