SXR5.DE vs. IPAC
SXR5.DE (iShares MSCI Japan UCITS ETF USD (Acc)) and IPAC (iShares Core MSCI Pacific ETF) are both exchange-traded funds - SXR5.DE is a Japan Equities fund tracking the MSCI Japan, while IPAC is a Asia Pacific Equities fund tracking the MSCI Pacific Investable Market Index. Both are passively managed. Over the past 10 years, SXR5.DE returned 9.05%/yr vs 8.79%/yr for IPAC. A 0.77 correlation means they provide meaningful diversification when combined. SXR5.DE charges 0.12%/yr vs 0.09%/yr for IPAC.
Performance
SXR5.DE vs. IPAC - Performance Comparison
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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 16.96% return, which is significantly higher than IPAC's 15.24% return. Both investments have delivered pretty close results over the past 10 years, with SXR5.DE having a 9.05% annualized return and IPAC not far behind at 8.79%.
SXR5.DE
- 1D
- -0.36%
- 1M
- 6.13%
- YTD
- 16.96%
- 6M
- 16.92%
- 1Y
- 30.95%
- 3Y*
- 15.53%
- 5Y*
- 9.94%
- 10Y*
- 9.05%
IPAC
- 1D
- 0.05%
- 1M
- 4.49%
- YTD
- 15.24%
- 6M
- 15.09%
- 1Y
- 25.77%
- 3Y*
- 14.15%
- 5Y*
- 8.69%
- 10Y*
- 8.79%
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) | 16.96% | 12.72% | 13.72% | 16.13% | -12.71% | 9.55% | 4.95% | 22.00% | -9.97% | 8.96% |
IPAC iShares Core MSCI Pacific ETF | 15.24% | 10.31% | 13.18% | 11.08% | -8.33% | 10.80% | 3.12% | 22.14% | -8.69% | 10.49% |
Correlation
The correlation between SXR5.DE and IPAC is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014 | 0.77 |
The correlation between SXR5.DE and IPAC has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
SXR5.DE vs. IPAC — Risk / Return Rank
SXR5.DE
IPAC
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 ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.76 | +0.28 |
| Martin ratioReturn relative to average drawdown | 9.81 | 10.55 | -0.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SXR5.DE | IPAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 1.75 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.58 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.55 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.52 | -0.04 |
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.
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Drawdown Indicators
| SXR5.DE | IPAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -31.10% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -9.38% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.16% | -16.53% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -16.53% | -2.77% |
Max Drawdown (10Y)Largest decline over 10 years | -28.03% | -31.10% | +3.07% |
Current DrawdownCurrent decline from peak | -0.36% | 0.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -5.19% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.45% | +0.70% |
Volatility
SXR5.DE vs. IPAC - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.DE) has a higher volatility of 3.67% compared to iShares Core MSCI Pacific ETF (IPAC) at 3.05%. 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.
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Volatility by Period
| SXR5.DE | IPAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.05% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 15.22% | 11.54% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 14.81% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 15.11% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 16.14% | +0.27% |
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%.
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 3.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPAC iShares Core MSCI Pacific ETF | 3.79% | 4.32% | 3.43% | 3.16% | 2.76% | 4.03% | 1.68% | 3.37% | 2.95% | 2.98% | 2.66% | 2.60% |
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% |
Frequently Asked Questions
SXR5.DE and IPAC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IPAC is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IPAC is cheaper with a 0.09% expense ratio, compared with 0.12% for SXR5.DE.
SXR5.DE is categorized as Japan Equities, while IPAC is Asia Pacific Equities. SXR5.DE tracks MSCI Japan, while IPAC tracks MSCI Pacific Investable Market Index. Their fees differ too: 0.12% for SXR5.DE and 0.09% for IPAC.
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