IPAC vs BITB
Comparison between ISHARES CORE MSCI PACIFIC ETF (IPAC, ETF) and Bitwise Bitcoin ETF (BITB, ETF).
IPAC vs BITB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IPAC
$2.40B
Winner
BITB
$2.50B
Expense Ratio
Winner
IPAC
0.09%
BITB
0.20%
Max Drawdown
Winner
IPAC
35.11%
BITB
49.38%
Sharpe Ratio
Winner
IPAC
1.55
BITB
-0.29
5Y Beta
Winner
IPAC
0.81
BITB
1.27
5Y Dividends CAGR
IPAC
14.82%
BITB
N/A
IPAC vs BITB - Historical Returns
Returns include dividend reinvestment.
1M
IPAC
+2.27%
Winner
BITB
+12.39%
3M
IPAC
+1.17%
Winner
BITB
+13.27%
6M
Winner
IPAC
+14.41%
BITB
-22.79%
1Y
Winner
IPAC
+32.29%
BITB
-21.05%
5Y(CAGR)
IPAC
+7.67%
BITB
N/A
10Y(CAGR)
IPAC
+9.29%
BITB
N/A
Max(CAGR)
IPAC
+7.36%
Winner
BITB
+25.83%
IPAC vs BITB - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | IPAC | BITB |
|---|---|---|
| 2026 | +11.83% | -10.78% |
| 2025 | +25.63% | -10.26% |
| 2024 | +7.18% | +99.10% |
| 2023 | +14.24% | N/A |
| 2022 | -13.68% | N/A |
| 2021 | +3.83% | N/A |
| 2020 | +11.23% | N/A |
| 2019 | +18.82% | N/A |
| 2018 | -13.52% | N/A |
| 2017 | +24.89% | N/A |
| 2016 | +6.70% | N/A |
| 2015 | +3.73% | N/A |
| 2014 | -5.19% | N/A |
IPAC vs BITB Drawdown Comparison
The maximum drawdown for IPAC was -30.99%, occurring on Mar 23, 2020. Recovery took 702 trading sessions.
The maximum drawdown for BITB was -49.38%, occurring on Feb 5, 2026. This drawdown has not yet recovered.
The current IPAC drawdown is -1.21%. The current BITB drawdown is -36.22%.
| Rank | IPAC | BITB |
|---|---|---|
| #1 | -30.99% Jan 26, 2018 - Nov 9, 2020 | -49.38% Oct 6, 2025 - Feb 5, 2026 |
| #2 | -29.61% Sep 13, 2021 - Jul 12, 2024 | -28.19% Dec 17, 2024 - May 20, 2025 |
| #3 | -22.39% Apr 28, 2015 - Feb 10, 2017 | -27.44% Mar 13, 2024 - Nov 6, 2024 |
| #4 | -15.45% Sep 26, 2024 - May 12, 2025 | -16.25% Jan 11, 2024 - Feb 9, 2024 |
| #5 | -11.49% Feb 11, 2026 - Mar 20, 2026 | -11.96% Aug 13, 2025 - Oct 6, 2025 |
| #6 | -11.16% Jul 30, 2014 - Mar 18, 2015 | -8.50% Mar 4, 2024 - Mar 7, 2024 |
| #7 | -9.95% Jul 16, 2024 - Aug 23, 2024 | -8.45% Nov 22, 2024 - Dec 6, 2024 |
| #8 | -5.42% Oct 28, 2025 - Dec 15, 2025 | -8.38% May 22, 2025 - Jul 9, 2025 |
| #9 | -5.17% Feb 16, 2021 - Jun 7, 2021 | -5.73% Jul 14, 2025 - Aug 13, 2025 |
| #10 | -4.99% Oct 6, 2025 - Oct 27, 2025 | -5.30% Dec 6, 2024 - Dec 13, 2024 |
| #11 | -4.52% Jun 7, 2021 - Sep 3, 2021 | -2.48% Nov 13, 2024 - Nov 15, 2024 |
| #12 | -4.12% Aug 30, 2024 - Sep 19, 2024 | -1.94% Feb 20, 2024 - Feb 22, 2024 |
| #13 | -3.84% Jan 20, 2021 - Feb 8, 2021 | -1.83% Feb 22, 2024 - Feb 26, 2024 |
| #14 | -3.06% Jul 23, 2025 - Aug 7, 2025 | -1.50% Feb 12, 2024 - Feb 14, 2024 |
| #15 | -2.78% Jun 27, 2025 - Jul 23, 2025 | -0.94% Mar 11, 2024 - Mar 13, 2024 |
Correlation
Correlation between IPAC and BITB is 0.26 which considered as a very weak or no correlation - the stocks move independently of each other.
0.26
-101
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