IPAC vs. IND

Last updated Jun 24, 2026

IPAC (iShares Core MSCI Pacific ETF) and IND (Xtrackers Nifty 500 India ETF) are both Asia Pacific Equities funds - IPAC tracks the MSCI Pacific Investable Market Index while IND tracks the Nifty 500 Index. Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. IPAC charges 0.09%/yr vs 0.19%/yr for IND.

Performance

IPAC vs. IND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI Pacific ETF (IPAC) and Xtrackers Nifty 500 India ETF (IND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IPAC achieves a 12.43% return, which is significantly higher than IND's -8.05% return.

IPAC

• 1D: -3.27%
• 1M: 0.51%
• YTD: 12.43%
• 6M: 11.54%
• 1Y: 27.68%
• 3Y*: 17.02%
• 5Y*: 7.72%
• 10Y*: 9.27%

IND

• 1D: -1.22%
• 1M: 2.92%
• YTD: -8.05%
• 6M: -9.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IPAC vs. IND - Yearly Performance Comparison

	2026 (YTD)	2025
IPAC iShares Core MSCI Pacific ETF	12.43%	2.97%
IND Xtrackers Nifty 500 India ETF	-8.05%	-0.34%

Correlation

The correlation between IPAC and IND is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	0.60

Return for Risk

IPAC vs. IND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IPAC

IPAC Risk / Return Rank: 50
IPAC Sharpe Ratio Rank: 48
IPAC Sortino Ratio Rank: 47
IPAC Omega Ratio Rank: 50
IPAC Calmar Ratio Rank: 52
IPAC Martin Ratio Rank: 52

IND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

IPAC vs. IND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ETF (IPAC) and Xtrackers Nifty 500 India ETF (IND). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IPAC	IND	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.26	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.42	—	—
Martin ratio: Return relative to average drawdown	8.62	—	—

Drawdowns

IPAC vs. IND - Drawdown Comparison

The maximum IPAC drawdown since its inception was -30.99%, which is greater than IND's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for IPAC and IND.

Drawdown Indicators

	IPAC	IND	Difference
Max Drawdown Largest peak-to-trough decline	-30.99%	-18.75%	-12.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	—	—
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 Drawdown Current decline from peak	-3.27%	-9.25%	+5.98%
Average Drawdown Average peak-to-trough decline	-7.46%	-7.76%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	—	—

Volatility

Volatility by Period

	IPAC	IND	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	20.00%	-2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	20.00%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	20.00%	-3.40%

IPAC vs. IND - Expense Ratio Comparison

IPAC has a 0.09% expense ratio, which is lower than IND's 0.19% 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. IND - Dividend Comparison

IPAC's dividend yield for the trailing twelve months is around 3.93%, more than IND's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IND Xtrackers Nifty 500 India ETF	0.34%	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	3.93%	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

Can I hold both IPAC and IND in my portfolio?

IPAC and IND have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IPAC or IND?

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.

Which ETF is cheaper, IPAC or IND?

IPAC is cheaper with a 0.09% expense ratio, compared with 0.19% for IND.

Which ETF pays a higher dividend yield, IPAC or IND?

IPAC has the higher dividend yield at 3.93%, compared with 0.34% for IND.

What is the main difference between IPAC and IND?

IPAC tracks MSCI Pacific Investable Market Index, while IND tracks Nifty 500 Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for IPAC and 0.19% for IND.