IPAC — iShares Core MSCI Pacific ETF

IPAC Price Performance — Growth of $10,000

Value of a $10,000 investment in IPAC over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

IPAC Drawdown

The "underwater" chart: IPAC's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Core MSCI Pacific ETF (IPAC) is an International Developed fund issued by iShares with $2.77 billion in assets under management. It holds a B grade (67.9/100) and ranks 13th out of 22 peers in its category, placing it 142nd among all 458 tracked ETFs. The fund’s 0.09% expense ratio sits below the category median of 0.165%, while its 3.74% dividend yield exceeds the median of 2.53%. Top holdings represent 17.4% of assets, with the largest position being Commonwealth Bank of Australia at 2.3%.

Price action shows the ETF trading at $85.80, which is 90.5% of its 52-week range between $71.45 and $87.31. Short-term returns have been mixed, with a -0.97% drop in one day contrasting against a +0.91% gain over one week. Longer horizons show stronger momentum, including a +10.27% return over six months and a +20.86% gain over one year. The one-year return of +20.86% outpaces the category median of +19.27%. The B grade has remained unchanged across the last 35 tracked days, based on 3.0 years of price history.

The fund exhibits a beta of 0.86, indicating it moves 86% as much as the broader market. Annualized volatility stands at 17.59%, which is labeled as Moderate, while the maximum drawdown has reached -15.46%. A Sharpe ratio of 0.90 suggests the return generated per unit of risk taken. Liquidity is reflected in an average daily volume of 95,954 shares and a bid/ask spread of 5.92%.

AI-generated summary based on the data on this page.

IPAC Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 17.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how IPAC's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With IPAC

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IPAC's top 10 — FLJP overlaps most, holding 8 of the same companies as IPAC's top 10 (12.9% of IPAC's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.80% (as of 2026-09-08) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.72 (as of 2026-09-08) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 118.07 (as of 2026-09-04) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

IPAC Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 5.92% and average daily volume is 96K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.77B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IPAC is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

IPAC Performance History

How IPAC Compares to Other International Developed ETFs