IPAC vs. TLT
Compare and contrast key facts about iShares Core MSCI Pacific ETF (IPAC) and iShares 20+ Year Treasury Bond ETF (TLT).
IPAC and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both IPAC and TLT 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 TLT.
Performance
IPAC vs. TLT - Performance Comparison
Returns By Period
In the year-to-date period, IPAC achieves a 6.95% return, which is significantly higher than TLT's -5.85% return. Over the past 10 years, IPAC has outperformed TLT with an annualized return of 5.50%, while TLT has yielded a comparatively lower -0.34% annualized return.
IPAC
6.95%
-3.21%
1.44%
13.64%
4.38%
5.50%
TLT
-5.85%
-5.17%
0.53%
4.54%
-5.85%
-0.34%
Key characteristics
| IPAC | TLT | |
|---|---|---|
| Sharpe Ratio | 0.99 | 0.40 |
| Sortino Ratio | 1.44 | 0.65 |
| Omega Ratio | 1.18 | 1.07 |
| Calmar Ratio | 1.11 | 0.13 |
| Martin Ratio | 4.81 | 0.95 |
| Ulcer Index | 3.11% | 6.17% |
| Daily Std Dev | 15.07% | 14.79% |
| Max Drawdown | -30.99% | -48.35% |
| Current Drawdown | -6.63% | -41.33% |
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IPAC vs. TLT - Expense Ratio Comparison
IPAC has a 0.09% expense ratio, which is lower than TLT's 0.15% 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 TLT is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
IPAC vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ETF (IPAC) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
IPAC's dividend yield for the trailing twelve months is around 3.04%, less than TLT's 4.08% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.08% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
IPAC vs. TLT - Drawdown Comparison
The maximum IPAC drawdown since its inception was -30.99%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IPAC and TLT. For additional features, visit the drawdowns tool.
Volatility
IPAC vs. TLT - Volatility Comparison
The current volatility for iShares Core MSCI Pacific ETF (IPAC) is 4.07%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.89%. This indicates that IPAC experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.