WTM vs. IPAC
WTM (White Mountains Insurance Group, Ltd.) is a stock, while IPAC (iShares Core MSCI Pacific ETF) is Asia Pacific Equities fund tracking the MSCI Pacific Investable Market Index. Over the past 10 years, WTM returned 10.25%/yr vs 8.92%/yr for IPAC. At a 0.23 correlation, their price movements are largely independent.
Performance
WTM vs. IPAC - Performance Comparison
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Returns By Period
In the year-to-date period, WTM achieves a 5.01% return, which is significantly lower than IPAC's 15.01% return. Over the past 10 years, WTM has outperformed IPAC with an annualized return of 10.25%, while IPAC has yielded a comparatively lower 8.92% annualized return.
WTM
- 1D
- -0.18%
- 1M
- 7.76%
- 6M
- 6.53%
- YTD
- 5.01%
- 1Y
- 21.12%
- 3Y*
- 15.00%
- 5Y*
- 14.07%
- 10Y*
- 10.25%
IPAC
- 1D
- 1.04%
- 1M
- 2.08%
- 6M
- 10.95%
- YTD
- 15.01%
- 1Y
- 29.04%
- 3Y*
- 17.33%
- 5Y*
- 8.19%
- 10Y*
- 8.92%
WTM vs. IPAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTM White Mountains Insurance Group, Ltd. | 5.01% | 6.89% | 29.31% | 6.49% | 39.63% | 1.41% | -10.19% | 30.20% | 0.88% | 1.93% |
IPAC iShares Core MSCI Pacific ETF | 15.01% | 25.16% | 6.18% | 14.51% | -13.68% | 3.09% | 12.39% | 19.44% | -12.78% | 25.97% |
Correlation
The correlation between WTM and IPAC 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 WTM and IPAC 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
WTM vs. IPAC — Risk / Return Rank
WTM
IPAC
WTM vs. IPAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for White Mountains Insurance Group, Ltd. (WTM) 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.
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.
| WTM | IPAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.47 | -0.96 |
| Martin ratioReturn relative to average drawdown | 4.11 | 8.74 | -4.63 |
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Drawdowns
WTM vs. IPAC - Drawdown Comparison
The maximum WTM drawdown since its inception was -77.47%, which is greater than IPAC's maximum drawdown of -30.99%. Use the drawdown chart below to compare losses from any high point for WTM and IPAC.
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Drawdown Indicators
| WTM | IPAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.47% | -30.99% | -46.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -11.49% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -15.45% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -29.64% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -40.16% | -30.99% | -9.17% |
Current DrawdownCurrent decline from peak | -5.96% | -1.05% | -4.91% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -7.44% | -6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 3.24% | +1.99% |
Volatility
WTM vs. IPAC - Volatility Comparison
White Mountains Insurance Group, Ltd. (WTM) has a higher volatility of 7.08% compared to iShares Core MSCI Pacific ETF (IPAC) at 5.92%. This indicates that WTM'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
| WTM | IPAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.08% | 5.92% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.04% | 14.45% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.17% | 17.28% | +6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.53% | 16.79% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.37% | 16.59% | +6.78% |
Dividends
WTM vs. IPAC - Dividend Comparison
WTM's dividend yield for the trailing twelve months is around 0.05%, less than IPAC's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPAC iShares Core MSCI Pacific ETF | 3.84% | 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
WTM and IPAC 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 (7.08%) compared to IPAC (5.92%). In terms of maximum drawdown, WTM dropped -77.47% vs IPAC's -30.99%.
IPAC currently has the higher Sharpe Ratio (1.64 vs 0.89), 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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