SXR5.DE vs. IPAC

Last updated Apr 3, 2026

Compare and contrast key facts about iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.DE) and iShares Core MSCI Pacific ETF (IPAC).

SXR5.DE and IPAC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SXR5.DE is a passively managed fund by iShares that tracks the performance of the MSCI Japan. It was launched on Jan 11, 2010. 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. Both SXR5.DE and IPAC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SXR5.DE vs. IPAC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.DE) and iShares Core MSCI Pacific ETF (IPAC). The values are adjusted to include any dividend payments, if applicable.

SXR5.DE vs. IPAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SXR5.DE iShares MSCI Japan UCITS ETF USD (Acc)	6.75%	12.72%	13.72%	16.13%	-12.71%	9.55%	4.95%	22.00%	-9.97%	8.96%
IPAC iShares Core MSCI Pacific ETF	7.59%	10.31%	13.18%	11.08%	-8.33%	10.80%	3.12%	22.14%	-8.69%	10.49%

Different Trading Currencies

SXR5.DE is traded in EUR, while IPAC is traded in USD. To make them comparable, the IPAC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SXR5.DE achieves a 6.75% return, which is significantly lower than IPAC's 7.59% return. Both investments have delivered pretty close results over the past 10 years, with SXR5.DE having a 8.73% annualized return and IPAC not far behind at 8.72%.

SXR5.DE

• 1D: -1.83%
• 1M: 0.79%
• YTD: 6.75%
• 6M: 12.25%
• 1Y: 23.78%
• 3Y*: 14.66%
• 5Y*: 7.42%
• 10Y*: 8.73%

IPAC

• 1D: -0.58%
• 1M: -1.54%
• YTD: 7.59%
• 6M: 10.35%
• 1Y: 21.82%
• 3Y*: 12.61%
• 5Y*: 6.98%
• 10Y*: 8.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SXR5.DE vs. IPAC - Expense Ratio Comparison

SXR5.DE has a 0.12% expense ratio, which is higher than IPAC's 0.09% 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%.

SXR5.DE

iShares MSCI Japan UCITS ETF USD (Acc)

IPAC

iShares Core MSCI Pacific ETF

Return for Risk

SXR5.DE vs. IPAC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SXR5.DE

SXR5.DE Risk / Return Rank: 68
SXR5.DE Sharpe Ratio Rank: 61
SXR5.DE Sortino Ratio Rank: 62
SXR5.DE Omega Ratio Rank: 58
SXR5.DE Calmar Ratio Rank: 83
SXR5.DE Martin Ratio Rank: 76

IPAC

IPAC Risk / Return Rank: 78
IPAC Sharpe Ratio Rank: 78
IPAC Sortino Ratio Rank: 79
IPAC Omega Ratio Rank: 77
IPAC Calmar Ratio Rank: 80
IPAC Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SXR5.DE vs. IPAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.DE) and iShares Core MSCI Pacific ETF (IPAC). 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.

	SXR5.DE	IPAC	Difference
Sharpe ratio Return per unit of total volatility	1.14	1.12	+0.02
Sortino ratio Return per unit of downside risk	1.67	1.60	+0.07
Omega ratio Gain probability vs. loss probability	1.23	1.25	-0.02
Calmar ratio Return relative to maximum drawdown	2.98	1.90	+1.07
Martin ratio Return relative to average drawdown	9.71	7.47	+2.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SXR5.DE vs. IPAC - Sharpe Ratio Comparison

The current SXR5.DE Sharpe Ratio is 1.14, which is comparable to the IPAC Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of SXR5.DE and IPAC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SXR5.DE	IPAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	1.12	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.47	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.54	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.49	-0.04

Correlation

The correlation between SXR5.DE and IPAC is 0.77, 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

SXR5.DE vs. IPAC - Dividend Comparison

SXR5.DE has not paid dividends to shareholders, while IPAC's dividend yield for the trailing twelve months is around 4.09%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SXR5.DE iShares MSCI Japan UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IPAC iShares Core MSCI Pacific ETF	4.09%	4.32%	3.43%	3.16%	2.76%	4.03%	1.68%	3.37%	2.95%	2.98%	2.66%	2.60%

Drawdowns

SXR5.DE vs. IPAC - Drawdown Comparison

The maximum SXR5.DE drawdown since its inception was -28.03%, smaller than the maximum IPAC drawdown of -31.10%. Use the drawdown chart below to compare losses from any high point for SXR5.DE and IPAC.

Drawdown Indicators

	SXR5.DE	IPAC	Difference
Max Drawdown Largest peak-to-trough decline	-28.03%	-30.99%	+2.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-11.49%	+1.35%
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	-29.64%	+10.34%
Max Drawdown (10Y) Largest decline over 10 years	-28.03%	-30.99%	+2.96%
Current Drawdown Current decline from peak	-6.59%	-7.60%	+1.01%
Average Drawdown Average peak-to-trough decline	-7.32%	-7.55%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.09%	+0.02%

Volatility

SXR5.DE vs. IPAC - Volatility Comparison

iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.DE) has a higher volatility of 8.61% compared to iShares Core MSCI Pacific ETF (IPAC) at 7.03%. This indicates that SXR5.DE's price experiences larger fluctuations and is considered to be riskier than IPAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SXR5.DE	IPAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.61%	7.03%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	14.99%	11.98%	+3.01%
Volatility (1Y) Calculated over the trailing 1-year period	20.81%	19.56%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	15.05%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	16.23%	+0.23%