IPAC vs. WTM
IPAC (iShares Core MSCI Pacific ETF) is Asia Pacific Equities fund tracking the MSCI Pacific Investable Market Index, while WTM (White Mountains Insurance Group, Ltd.) is a stock. Over the past 10 years, IPAC returned 8.77%/yr vs 10.39%/yr for WTM. At a 0.23 correlation, their price movements are largely independent.
Performance
IPAC vs. WTM - Performance Comparison
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Returns By Period
In the year-to-date period, IPAC achieves a 13.28% return, which is significantly higher than WTM's 4.71% return. Over the past 10 years, IPAC has underperformed WTM with an annualized return of 8.77%, while WTM has yielded a comparatively higher 10.39% annualized return.
IPAC
- 1D
- -1.50%
- 1M
- 0.55%
- 6M
- 8.51%
- YTD
- 13.28%
- 1Y
- 27.10%
- 3Y*
- 15.99%
- 5Y*
- 7.79%
- 10Y*
- 8.77%
WTM
- 1D
- -0.29%
- 1M
- 7.46%
- 6M
- 5.59%
- YTD
- 4.71%
- 1Y
- 20.77%
- 3Y*
- 13.22%
- 5Y*
- 14.34%
- 10Y*
- 10.39%
IPAC vs. WTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPAC iShares Core MSCI Pacific ETF | 13.28% | 25.16% | 6.18% | 14.51% | -13.68% | 3.09% | 12.39% | 19.44% | -12.78% | 25.97% |
WTM White Mountains Insurance Group, Ltd. | 4.71% | 6.89% | 29.31% | 6.49% | 39.63% | 1.41% | -10.19% | 30.20% | 0.88% | 1.93% |
Correlation
The correlation between IPAC and WTM is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.23 |
The correlation between IPAC and WTM shifts across timeframes, from 0.12 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IPAC vs. WTM — Risk / Return Rank
IPAC
WTM
IPAC vs. WTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ETF (IPAC) and White Mountains Insurance Group, Ltd. (WTM). 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 | WTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.47 | +0.90 |
| Martin ratioReturn relative to average drawdown | 8.37 | 3.97 | +4.40 |
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Drawdowns
IPAC vs. WTM - Drawdown Comparison
The maximum IPAC drawdown since its inception was -30.99%, smaller than the maximum WTM drawdown of -77.47%. Use the drawdown chart below to compare losses from any high point for IPAC and WTM.
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Drawdown Indicators
| IPAC | WTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.99% | -77.47% | +46.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -14.22% | +2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -18.05% | +2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -18.05% | -11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -30.99% | -40.16% | +9.17% |
Current DrawdownCurrent decline from peak | -2.53% | -6.23% | +3.70% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -14.15% | +6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 5.24% | -2.00% |
Volatility
IPAC vs. WTM - Volatility Comparison
The current volatility for iShares Core MSCI Pacific ETF (IPAC) is 5.94%, while White Mountains Insurance Group, Ltd. (WTM) has a volatility of 7.10%. This indicates that IPAC experiences smaller price fluctuations and is considered to be less risky than WTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPAC | WTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 7.10% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 15.03% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 24.22% | -6.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 23.54% | -6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 23.38% | -6.78% |
Dividends
IPAC vs. WTM - Dividend Comparison
IPAC's dividend yield for the trailing twelve months is around 3.90%, more than WTM's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPAC iShares Core MSCI Pacific ETF | 3.90% | 4.32% | 3.43% | 3.16% | 2.76% | 4.03% | 1.68% | 3.37% | 2.95% | 2.98% | 2.66% | 2.60% |
WTM White Mountains Insurance Group, Ltd. | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.10% | 0.10% | 0.09% | 0.12% | 0.12% | 0.12% | 0.14% |
Frequently Asked Questions
IPAC and WTM have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTM has higher volatility (7.10%) compared to IPAC (5.94%). In terms of maximum drawdown, IPAC dropped -30.99% vs WTM's -77.47%.
IPAC currently has the higher Sharpe Ratio (1.57 vs 0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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