FLAX vs. IPAC
Compare and contrast key facts about Franklin FTSE Asia ex Japan ETF (FLAX) and iShares Core MSCI Pacific ETF (IPAC).
FLAX and IPAC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLAX is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Asia ex Japan RIC Capped Index. It was launched on Feb 6, 2018. IPAC is a passively managed fund by iShares that tracks the performance of the MSCI Pacific Investable Market Index. It was launched on Jun 10, 2014. Both FLAX and IPAC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLAX vs. IPAC - Performance Comparison
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FLAX vs. IPAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLAX Franklin FTSE Asia ex Japan ETF | 3.14% | 33.72% | 9.82% | 6.27% | -18.88% | -3.54% | 24.17% | 17.19% | -12.02% |
IPAC iShares Core MSCI Pacific ETF | 4.51% | 25.16% | 6.18% | 14.51% | -13.68% | 3.09% | 12.39% | 19.44% | -10.07% |
Returns By Period
In the year-to-date period, FLAX achieves a 3.14% return, which is significantly lower than IPAC's 4.51% return.
FLAX
- 1D
- 3.31%
- 1M
- -9.20%
- YTD
- 3.14%
- 6M
- 7.81%
- 1Y
- 33.81%
- 3Y*
- 15.61%
- 5Y*
- 3.61%
- 10Y*
- —
IPAC
- 1D
- 3.03%
- 1M
- -8.21%
- YTD
- 4.51%
- 6M
- 7.48%
- 1Y
- 28.41%
- 3Y*
- 14.70%
- 5Y*
- 6.30%
- 10Y*
- 8.70%
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FLAX vs. IPAC - Expense Ratio Comparison
FLAX has a 0.19% 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%.
Return for Risk
FLAX vs. IPAC — Risk / Return Rank
FLAX
IPAC
FLAX vs. IPAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Asia ex Japan ETF (FLAX) 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.
| FLAX | IPAC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.47 | +0.26 |
Sortino ratioReturn per unit of downside risk | 2.39 | 2.07 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.39 | +0.18 |
Martin ratioReturn relative to average drawdown | 10.05 | 9.08 | +0.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLAX | IPAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.47 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.38 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.41 | -0.10 |
Correlation
The correlation between FLAX and IPAC is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FLAX vs. IPAC - Dividend Comparison
FLAX's dividend yield for the trailing twelve months is around 2.30%, less than IPAC's 4.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLAX Franklin FTSE Asia ex Japan ETF | 2.30% | 2.37% | 3.12% | 2.20% | 2.86% | 2.38% | 1.57% | 2.23% | 2.35% | 0.00% | 0.00% | 0.00% |
IPAC iShares Core MSCI Pacific ETF | 4.14% | 4.32% | 3.43% | 3.16% | 2.76% | 4.03% | 1.68% | 3.37% | 2.95% | 2.98% | 2.66% | 2.60% |
Drawdowns
FLAX vs. IPAC - Drawdown Comparison
The maximum FLAX drawdown since its inception was -42.51%, which is greater than IPAC's maximum drawdown of -30.99%. Use the drawdown chart below to compare losses from any high point for FLAX and IPAC.
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Drawdown Indicators
| FLAX | IPAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.51% | -30.99% | -11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -11.49% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -39.07% | -29.64% | -9.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.99% | — |
Current DrawdownCurrent decline from peak | -10.12% | -8.62% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -15.70% | -7.55% | -8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.02% | +0.30% |
Volatility
FLAX vs. IPAC - Volatility Comparison
Franklin FTSE Asia ex Japan ETF (FLAX) has a higher volatility of 9.89% compared to iShares Core MSCI Pacific ETF (IPAC) at 8.46%. This indicates that FLAX'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
| FLAX | IPAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 8.46% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 12.68% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.67% | 19.43% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 16.50% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 16.58% | +3.17% |