IPAC vs. IBIT
IPAC (iShares Core MSCI Pacific ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IPAC is a Asia Pacific Equities fund tracking the MSCI Pacific Investable Market Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IPAC returned 28.03% vs -38.74% for IBIT. At a 0.27 correlation, their price movements are largely independent. IPAC charges 0.09%/yr vs 0.25%/yr for IBIT.
Performance
IPAC vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IPAC achieves a 13.73% return, which is significantly higher than IBIT's -25.48% return.
IPAC
- 1D
- -0.11%
- 1M
- 4.62%
- YTD
- 13.73%
- 6M
- 15.39%
- 1Y
- 28.03%
- 3Y*
- 17.03%
- 5Y*
- 7.65%
- 10Y*
- 9.13%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IPAC vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IPAC iShares Core MSCI Pacific ETF | 13.73% | 25.16% | 5.59% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between IPAC and IBIT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.27 |
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Return for Risk
IPAC vs. IBIT — Risk / Return Rank
IPAC
IBIT
IPAC vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ETF (IPAC) and iShares Bitcoin Trust ETF (IBIT). 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.
| IPAC | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.68 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.86 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | -0.79 | +3.24 |
| Martin ratioReturn relative to average drawdown | 8.83 | -1.36 | +10.20 |
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
| IPAC | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | -0.89 | +2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.30 | +0.15 |
Drawdowns
IPAC vs. IBIT - Drawdown Comparison
The maximum IPAC drawdown since its inception was -30.99%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IPAC and IBIT.
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Drawdown Indicators
| IPAC | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -49.36% | +18.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -49.36% | +37.87% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.99% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -48.10% | +47.54% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -16.02% | +8.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 28.44% | -25.26% |
Volatility
IPAC vs. IBIT - Volatility Comparison
The current volatility for iShares Core MSCI Pacific ETF (IPAC) is 4.00%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that IPAC experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPAC | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 9.50% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.09% | 34.44% | -21.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.41% | 43.73% | -27.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 50.19% | -33.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 50.19% | -33.61% |
IPAC vs. IBIT - Expense Ratio Comparison
IPAC has a 0.09% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IPAC vs. IBIT - Dividend Comparison
IPAC's dividend yield for the trailing twelve months is around 3.80%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 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 | 3.80% | 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
IPAC and IBIT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to IPAC (4.00%). In terms of maximum drawdown, IPAC dropped -30.99% vs IBIT's -49.36%.
On 1-year performance, IPAC leads with 28.03% vs -38.74% for IBIT. On fees, IPAC is cheaper at 0.09% per year. On volatility, IPAC has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IPAC has performed better with a 28.03% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IPAC is cheaper with a 0.09% expense ratio, compared with 0.25% for IBIT.
IPAC has the higher dividend yield at 3.80%, compared with 0.00% for IBIT.
IPAC is categorized as Asia Pacific Equities, while IBIT is Cryptocurrency. IPAC tracks MSCI Pacific Investable Market Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.09% for IPAC and 0.25% for IBIT.
IPAC currently has the higher Sharpe Ratio (1.72 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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