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 an actively managed fund by Alpha Architect. It was launched on Dec 16, 2014.
Performance
IPAC vs. IVAL - Performance Comparison
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IPAC vs. IVAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPAC iShares Core MSCI Pacific ETF | 4.51% | 25.16% | 6.18% | 14.51% | -13.68% | 3.09% | 12.39% | 19.44% | -12.78% | 25.97% |
IVAL Alpha Architect International Quantitative Value ETF | 8.42% | 34.92% | -0.71% | 20.61% | -10.06% | -0.22% | -4.94% | 21.26% | -22.50% | 31.03% |
Returns By Period
In the year-to-date period, IPAC achieves a 4.51% return, which is significantly lower than IVAL's 8.42% return. Over the past 10 years, IPAC has outperformed IVAL with an annualized return of 8.70%, while IVAL has yielded a comparatively lower 7.75% annualized return.
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%
IVAL
- 1D
- 2.88%
- 1M
- -7.11%
- YTD
- 8.42%
- 6M
- 14.13%
- 1Y
- 37.22%
- 3Y*
- 17.52%
- 5Y*
- 8.19%
- 10Y*
- 7.75%
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IPAC vs. IVAL - Expense Ratio Comparison
IPAC has a 0.09% expense ratio, which is lower than IVAL's 0.39% expense ratio.
Return for Risk
IPAC vs. IVAL — Risk / Return Rank
IPAC
IVAL
IPAC vs. IVAL - Risk-Adjusted Trends 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.
| IPAC | IVAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 2.13 | -0.66 |
Sortino ratioReturn per unit of downside risk | 2.07 | 2.85 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.39 | 3.24 | -0.86 |
Martin ratioReturn relative to average drawdown | 9.08 | 12.61 | -3.54 |
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 | IVAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.13 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.47 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.41 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.33 | +0.08 |
Correlation
The correlation between IPAC and IVAL is 0.82, 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.
Dividends
IPAC vs. IVAL - Dividend Comparison
IPAC's dividend yield for the trailing twelve months is around 4.14%, more than IVAL's 2.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVAL Alpha Architect International Quantitative Value ETF | 2.77% | 2.75% | 3.60% | 5.15% | 8.00% | 3.95% | 2.07% | 2.51% | 2.93% | 1.73% | 2.02% | 1.86% |
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.
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Drawdown Indicators
| IPAC | IVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -46.09% | +15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -11.24% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -31.01% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -30.99% | -46.09% | +15.10% |
Current DrawdownCurrent decline from peak | -8.62% | -7.11% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -12.12% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.89% | +0.13% |
Volatility
IPAC vs. IVAL - Volatility Comparison
iShares Core MSCI Pacific ETF (IPAC) has a higher volatility of 8.46% compared to Alpha Architect International Quantitative Value ETF (IVAL) at 7.41%. 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.
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Volatility by Period
| IPAC | IVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 7.41% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.68% | 11.38% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 17.60% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 17.67% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 18.91% | -2.33% |