IPAC vs. VEA
Compare and contrast key facts about iShares Core MSCI Pacific ETF (IPAC) and Vanguard FTSE Developed Markets ETF (VEA).
IPAC and VEA 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. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007. Both IPAC and VEA 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 VEA.
Performance
IPAC vs. VEA - Performance Comparison
Returns By Period
In the year-to-date period, IPAC achieves a 6.95% return, which is significantly higher than VEA's 4.20% return. Both investments have delivered pretty close results over the past 10 years, with IPAC having a 5.50% annualized return and VEA not far behind at 5.23%.
IPAC
6.95%
-3.21%
1.44%
13.64%
4.38%
5.50%
VEA
4.20%
-4.91%
-2.89%
12.52%
5.65%
5.23%
Key characteristics
| IPAC | VEA | |
|---|---|---|
| Sharpe Ratio | 0.99 | 0.96 |
| Sortino Ratio | 1.44 | 1.38 |
| Omega Ratio | 1.18 | 1.17 |
| Calmar Ratio | 1.11 | 1.24 |
| Martin Ratio | 4.81 | 4.78 |
| Ulcer Index | 3.11% | 2.57% |
| Daily Std Dev | 15.07% | 12.84% |
| Max Drawdown | -30.99% | -60.70% |
| Current Drawdown | -6.63% | -8.03% |
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IPAC vs. VEA - Expense Ratio Comparison
IPAC has a 0.09% expense ratio, which is higher than VEA's 0.05% expense ratio. However, 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 VEA is 0.89, 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. VEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ETF (IPAC) and Vanguard FTSE Developed Markets ETF (VEA). 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. VEA - Dividend Comparison
IPAC's dividend yield for the trailing twelve months is around 3.04%, which matches VEA's 3.06% 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% |
VEA Vanguard FTSE Developed Markets ETF | 3.06% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
Drawdowns
IPAC vs. VEA - Drawdown Comparison
The maximum IPAC drawdown since its inception was -30.99%, smaller than the maximum VEA drawdown of -60.70%. Use the drawdown chart below to compare losses from any high point for IPAC and VEA. For additional features, visit the drawdowns tool.
Volatility
IPAC vs. VEA - Volatility Comparison
iShares Core MSCI Pacific ETF (IPAC) has a higher volatility of 4.07% compared to Vanguard FTSE Developed Markets ETF (VEA) at 3.64%. This indicates that IPAC's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.