IPAC vs SPY
Comparison between ISHARES CORE MSCI PACIFIC ETF (IPAC, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IPAC, delivering a return of +13.3% compared to +7.7%
IPAC vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IPAC
$2.40B
Winner
SPY
$652B
Expense Ratio
IPAC
0.09%
SPY
0.09%
Max Drawdown
Winner
IPAC
35.11%
SPY
56.47%
Sharpe Ratio
IPAC
1.55
Winner
SPY
2.07
5Y Beta
Winner
IPAC
0.81
SPY
1.00
P/E Ratio
IPAC
N/A
SPY
28.24
Forward P/E
IPAC
N/A
SPY
21.85
5Y Dividends CAGR
Winner
IPAC
14.82%
SPY
5.43%
5Y EPS CAGR
IPAC
N/A
SPY
25.79%
Debt to Equity
IPAC
N/A
SPY
22.35%
P/S Ratio
IPAC
N/A
SPY
3.55
P/B Ratio
IPAC
N/A
SPY
5.29
IPAC vs SPY - Holdings Comparison
IPAC and SPY have 1 common holdings. Overlap is 0.00%
IPAC's top 25 holdings weight is 29.64%. SPY's top 25 holdings weight is 51.32%.
| Rank | IPAC | SPY |
|---|---|---|
| #1 | COMMONWEALTH BANK OF AUSTRALIA (n/a) - 2.39% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 2.22% | APPLE INC (AAPL) - 6.48% |
| #3 | TOYOTA MOTOR CORP (n/a) - 2.18% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | BHP GROUP LTD (n/a) - 2.14% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | HITACHI LTD (n/a) - 1.53% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | SONY GROUP CORP (n/a) - 1.42% | BROADCOM INC (AVGO) - 3.09% |
| #7 | SUMITOMO MITSUI FINANCIAL GROUP INC (n/a) - 1.40% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | TOKYO ELECTRON LTD (n/a) - 1.37% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | ADVANTEST CORP (n/a) - 1.32% | TESLA INC (TSLA) - 1.73% |
| #10 | AIA GROUP LTD (n/a) - 1.31% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | MITSUBISHI CORP (n/a) - 1.18% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | MIZUHO FINANCIAL GROUP INC (n/a) - 1.17% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | WESTPAC BANKING CORP (n/a) - 1.14% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | NATIONAL AUSTRALIA BANK LTD (n/a) - 1.09% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | MITSUI & CO LTD (n/a) - 1.07% | WALMART INC (WMT) - 0.91% |
| #16 | MITSUBISHI HEAVY INDUSTRIES LTD (n/a) - 1.05% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | DBS GROUP HOLDINGS LTD (n/a) - 1.04% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | FAST RETAILING CO LTD (n/a) - 1.00% | VISA INC CLASS A (V) - 0.85% |
| #19 | SOFTBANK GROUP CORP (n/a) - 0.97% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | ANZ GROUP HOLDINGS LTD (n/a) - 0.92% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | NEC CORP (n/a) - 0.35% | INTEL CORP (INTC) - 0.65% |
| #22 | WOOLWORTHS GROUP LTD (n/a) - 0.35% | NETFLIX INC (NFLX) - 0.64% |
| #23 | DAIICHI SANKYO CO LTD (n/a) - 0.35% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | JAPAN POST BANK CO LTD (n/a) - 0.34% | CHEVRON CORP (CVX) - 0.58% |
| #25 | MITSUBISHI ESTATE CO LTD (n/a) - 0.34% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 1347 | 505 |
IPAC vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
IPAC
+2.27%
Winner
SPY
+9.11%
3M
IPAC
+1.17%
Winner
SPY
+6.59%
6M
Winner
IPAC
+14.41%
SPY
+10.56%
1Y
Winner
IPAC
+32.29%
SPY
+32.04%
5Y(CAGR)
IPAC
+7.67%
Winner
SPY
+13.35%
10Y(CAGR)
IPAC
+9.29%
Winner
SPY
+15.49%
Max(CAGR)
IPAC
+7.36%
Winner
SPY
+8.50%
IPAC vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IPAC | SPY |
|---|---|---|
| 2026 | +11.83% | +8.27% |
| 2025 | +25.63% | +18.00% |
| 2024 | +7.18% | +25.59% |
| 2023 | +14.24% | +26.72% |
| 2022 | -13.68% | -18.64% |
| 2021 | +3.83% | +30.52% |
| 2020 | +11.23% | +17.28% |
| 2019 | +18.82% | +31.09% |
| 2018 | -13.52% | -5.24% |
| 2017 | +24.89% | +20.78% |
| 2016 | +6.70% | +13.59% |
| 2015 | +3.73% | +1.31% |
| 2014 | -5.19% | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
IPAC vs SPY Drawdown Comparison
The maximum drawdown for IPAC was -30.99%, occurring on Mar 23, 2020. Recovery took 702 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IPAC drawdown is -1.21%.
| Rank | IPAC | SPY |
|---|---|---|
| #1 | -30.99% Jan 26, 2018 - Nov 9, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -29.61% Sep 13, 2021 - Jul 12, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -22.39% Apr 28, 2015 - Feb 10, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -15.45% Sep 26, 2024 - May 12, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -11.49% Feb 11, 2026 - Mar 20, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -11.16% Jul 30, 2014 - Mar 18, 2015 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.95% Jul 16, 2024 - Aug 23, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -5.42% Oct 28, 2025 - Dec 15, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -5.17% Feb 16, 2021 - Jun 7, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.99% Oct 6, 2025 - Oct 27, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -4.52% Jun 7, 2021 - Sep 3, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.12% Aug 30, 2024 - Sep 19, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.84% Jan 20, 2021 - Feb 8, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.06% Jul 23, 2025 - Aug 7, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.78% Jun 27, 2025 - Jul 23, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IPAC and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (1999 - 2026)
IPAC vs SPY dividend yield comparison.
| Year | IPAC | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 4.32% | 1.07% |
| 2024 | 3.43% | 1.21% |
| 2023 | 3.16% | 1.40% |
| 2022 | 2.76% | 1.65% |
| 2021 | 4.03% | 1.20% |
| 2020 | 1.68% | 1.52% |
| 2019 | 3.37% | 1.75% |
| 2018 | 2.95% | 2.04% |
| 2017 | 2.98% | 1.80% |
| 2016 | 2.66% | 2.03% |
| 2015 | 2.60% | 2.06% |
| 2014 | 0.96% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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