IPAC vs. IVAL
Compare and contrast key facts about iShares Core MSCI Pacific ETF (IPAC) and Alpha Architect International Quantitative Value ETF (IVAL).
IPAC and IVAL 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. IVAL is a passively managed fund by EMPIRICAL FINANCE LLC that tracks the performance of the IVAL-US - Alpha Architect International Quantitative Value Index. It was launched on Dec 17, 2014. Both IPAC and IVAL 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 IVAL.
Correlation
The correlation between IPAC and IVAL is 0.65, 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.
Performance
IPAC vs. IVAL - Performance Comparison
Key characteristics
IPAC:
0.49
IVAL:
0.24
IPAC:
0.82
IVAL:
0.46
IPAC:
1.11
IVAL:
1.06
IPAC:
0.62
IVAL:
0.28
IPAC:
1.96
IVAL:
0.81
IPAC:
4.90%
IVAL:
5.42%
IPAC:
19.55%
IVAL:
18.59%
IPAC:
-30.99%
IVAL:
-46.09%
IPAC:
-2.70%
IVAL:
-0.57%
Returns By Period
In the year-to-date period, IPAC achieves a 4.98% return, which is significantly lower than IVAL's 9.48% return. Over the past 10 years, IPAC has outperformed IVAL with an annualized return of 4.77%, while IVAL has yielded a comparatively lower 2.80% annualized return.
IPAC
4.98%
0.56%
4.64%
9.69%
8.82%
4.77%
IVAL
9.48%
1.24%
8.28%
4.88%
8.31%
2.80%
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IPAC vs. IVAL - Expense Ratio Comparison
IPAC has a 0.09% expense ratio, which is lower than IVAL's 0.59% expense ratio.
Risk-Adjusted Performance
IPAC vs. IVAL — Risk-Adjusted Performance Rank
IPAC
IVAL
IPAC vs. IVAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ETF (IPAC) and Alpha Architect International Quantitative Value ETF (IVAL). 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. IVAL - Dividend Comparison
IPAC's dividend yield for the trailing twelve months is around 3.26%, more than IVAL's 2.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPAC iShares Core MSCI Pacific ETF | 3.26% | 3.43% | 3.16% | 2.76% | 4.03% | 1.68% | 3.37% | 2.95% | 2.98% | 2.66% | 2.60% | 0.96% |
IVAL Alpha Architect International Quantitative Value ETF | 2.99% | 3.60% | 5.14% | 8.00% | 3.95% | 2.07% | 2.51% | 2.93% | 1.73% | 2.02% | 1.86% | 0.20% |
Drawdowns
IPAC vs. IVAL - Drawdown Comparison
The maximum IPAC drawdown since its inception was -30.99%, smaller than the maximum IVAL drawdown of -46.09%. Use the drawdown chart below to compare losses from any high point for IPAC and IVAL. For additional features, visit the drawdowns tool.
Volatility
IPAC vs. IVAL - Volatility Comparison
iShares Core MSCI Pacific ETF (IPAC) has a higher volatility of 12.52% compared to Alpha Architect International Quantitative Value ETF (IVAL) at 10.85%. This indicates that IPAC's price experiences larger fluctuations and is considered to be riskier than IVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.