IPAC vs. IEMG
Compare and contrast key facts about iShares Core MSCI Pacific ETF (IPAC) and iShares Core MSCI Emerging Markets ETF (IEMG).
IPAC and IEMG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IEMG is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on Oct 18, 2012. Both IPAC and IEMG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IPAC or IEMG.
Performance
IPAC vs. IEMG - Performance Comparison
Returns By Period
In the year-to-date period, IPAC achieves a 6.95% return, which is significantly lower than IEMG's 8.15% return. Over the past 10 years, IPAC has outperformed IEMG with an annualized return of 5.50%, while IEMG has yielded a comparatively lower 3.58% annualized return.
IPAC
6.95%
-3.21%
1.44%
13.64%
4.38%
5.50%
IEMG
8.15%
-5.48%
-0.45%
13.07%
3.71%
3.58%
Key characteristics
| IPAC | IEMG | |
|---|---|---|
| Sharpe Ratio | 0.99 | 0.88 |
| Sortino Ratio | 1.44 | 1.32 |
| Omega Ratio | 1.18 | 1.16 |
| Calmar Ratio | 1.11 | 0.52 |
| Martin Ratio | 4.81 | 4.33 |
| Ulcer Index | 3.11% | 3.07% |
| Daily Std Dev | 15.07% | 15.06% |
| Max Drawdown | -30.99% | -38.72% |
| Current Drawdown | -6.63% | -14.34% |
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IPAC vs. IEMG - Expense Ratio Comparison
IPAC has a 0.09% expense ratio, which is lower than IEMG's 0.14% 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%.
Correlation
The correlation between IPAC and IEMG is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IPAC vs. IEMG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ETF (IPAC) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
Dividends
IPAC vs. IEMG - Dividend Comparison
IPAC's dividend yield for the trailing twelve months is around 3.04%, more than IEMG's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPAC iShares Core MSCI Pacific ETF | 3.04% | 3.16% | 2.76% | 4.03% | 1.68% | 3.37% | 2.95% | 2.98% | 2.66% | 2.60% | 0.96% | 0.00% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.74% | 2.89% | 2.70% | 3.06% | 1.87% | 3.15% | 2.76% | 2.34% | 2.28% | 2.52% | 2.30% | 1.76% |
Drawdowns
IPAC vs. IEMG - Drawdown Comparison
The maximum IPAC drawdown since its inception was -30.99%, smaller than the maximum IEMG drawdown of -38.72%. Use the drawdown chart below to compare losses from any high point for IPAC and IEMG. For additional features, visit the drawdowns tool.
Volatility
IPAC vs. IEMG - Volatility Comparison
The current volatility for iShares Core MSCI Pacific ETF (IPAC) is 4.07%, while iShares Core MSCI Emerging Markets ETF (IEMG) has a volatility of 4.54%. This indicates that IPAC experiences smaller price fluctuations and is considered to be less risky than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.