IPAC vs. ^GSPC
Compare and contrast key facts about iShares Core MSCI Pacific ETF (IPAC) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IPAC or ^GSPC.
Performance
IPAC vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, IPAC achieves a 6.95% return, which is significantly lower than ^GSPC's 23.62% return. Over the past 10 years, IPAC has underperformed ^GSPC with an annualized return of 5.50%, while ^GSPC has yielded a comparatively higher 11.16% annualized return.
IPAC
6.95%
-3.21%
1.44%
13.64%
4.38%
5.50%
^GSPC
23.62%
0.54%
11.19%
30.63%
13.61%
11.16%
Key characteristics
| IPAC | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 0.99 | 2.51 |
| Sortino Ratio | 1.44 | 3.37 |
| Omega Ratio | 1.18 | 1.47 |
| Calmar Ratio | 1.11 | 3.63 |
| Martin Ratio | 4.81 | 16.15 |
| Ulcer Index | 3.11% | 1.91% |
| Daily Std Dev | 15.07% | 12.27% |
| Max Drawdown | -30.99% | -56.78% |
| Current Drawdown | -6.63% | -1.75% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between IPAC and ^GSPC is 0.75, 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. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ETF (IPAC) and S&P 500 (^GSPC). 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.
Drawdowns
IPAC vs. ^GSPC - Drawdown Comparison
The maximum IPAC drawdown since its inception was -30.99%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for IPAC and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
IPAC vs. ^GSPC - Volatility Comparison
iShares Core MSCI Pacific ETF (IPAC) and S&P 500 (^GSPC) have volatilities of 4.07% and 4.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.