iShares Core MSCI Pacific ETF (IPAC) Performance
IPAC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.4% since Dec 31, 2025
- 1 year
- +16.1% total return
- 5 years
- +8.1% a year
- 10 years
- +8.4% a year
- Since first price
- +7.2% a year since 2014
IPAC trailing returns vs SPY, QQQ, AGG
| Period | IPAC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.6% | −2.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.1% | +2.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.8% | +4.7% | +7.8% | +8.4% | −1.5% |
| YTD | +14.4% | +13.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.1% | +11.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +72.3%+19.9%/yr | +54.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +47.4%+8.1%/yr | +23.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +123.5%+8.4%/yr | +63.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJun 12, 2014 | +135.4%+7.2%/yr | +64.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IPAC vs SPY
From Jun 12, 2014: IPAC grew to $23,537, SPY to $48,374.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IPAC returns by calendar year
9 of 11 full years positive. Best 2017 (+26.0%), worst 2022 (−13.7%). 2026 is year to date.
IPAC annual returns table
| Year | IPAC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.4% | −11.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +25.2% | −13.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.2% | −10.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.5% | −10.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.7% | −25.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +3.1% | −10.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +12.4% | −30.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +19.4% | −7.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −12.8% | −21.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +26.0% | −2.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +5.0% | −12.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +3.5% | −17.9% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IPAC largest drawdowns
Now 4.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 26, 2018 | −31.0% | Mar 23, 2020 | Nov 9, 2020 | 2.2 years | 2.8 years |
| Sep 13, 2021 | −29.6% | Oct 14, 2022 | Jul 12, 2024 | 1.1 years | 2.8 years |
| Apr 28, 2015 | −22.4% | Feb 11, 2016 | Feb 10, 2017 | 9 months | 1.8 years |
| Sep 26, 2024 | −15.5% | Apr 7, 2025 | May 12, 2025 | 6 months | 7 months |
| Feb 11, 2026 | −11.5% | Mar 20, 2026 | Jun 16, 2026 | 37 days | 4 months |
| Jul 30, 2014 | −11.2% | Jan 6, 2015 | Mar 18, 2015 | 5 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IPAC risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +19.4% | +8.6% | +8.6% | +7.3% |
| Volatility (annualized) | 11.9% | 15.0% | 13.9% | 13.7% |
| Sharpe ratio | 1.19 | 0.39 | 0.50 | 0.45 |
| Sortino ratio | 1.93 | 0.59 | 0.75 | 0.67 |
| Best month | +7.2% | +13.0% | +13.0% | +13.0% |
| Worst month | −8.2% | −9.1% | −11.2% | −11.2% |
| Best 12 months | +39.8% | +39.8% | +46.3% | +46.3% |
| Worst 12 months | +1.7% | −25.2% | −25.2% | −25.2% |
| Positive months | 69% | 62% | 62% | 61% |
| Beta vs S&P 500 | 0.62 | 0.73 | 0.72 | — |
| Correlation with S&P 500 | 0.64 | 0.76 | 0.80 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IPAC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 137 | −25.2% | +8.5% | +46.3% | 69% |
| 3-year (a year) | 113 | −2.7% | +6.7% | +19.4% | 96% |
| 5-year (a year) | 89 | −0.6% | +6.3% | +11.8% | 98% |
| 10-year (a year) | 29 | +4.7% | +7.5% | +10.1% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
IPAC performance overview
iShares Core MSCI Pacific ETF (IPAC) returned +16.1% over the past year and +8.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +7.2% a year, turning $10,000 into about $23,537. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.0%, from Jan 26, 2018 to Mar 23, 2020, and it took 8 months to get back to the old high. IPAC finished 9 of its 11 full calendar years with a gain; the best year was 2017 (+26.0%) and the worst 2022 (−13.7%). Volatility has been 13.7% a year.
Related: IPAC chart, IPAC holdings, IPAC dividends. See the IPAC overview for the latest quote and fund facts.
IPAC performance FAQ
What is the IPAC return over the past year?
IPAC returned +16.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.3%.
What is the average annual return of IPAC?
IPAC has returned +8.1% a year over 5 years, +8.4% a year over 10 years, +7.2% a year since June 12, 2014 (total return, distributions reinvested).
How much would $10,000 invested in IPAC be worth?
$10,000 invested in IPAC at its first recorded close on June 12, 2014 would be worth about $23,537 on October 23, 2026 with distributions reinvested.
What was the worst year for IPAC?
The worst calendar year was 2022, with a total return of −13.7%. The best was 2017 at +26.0%.
What is the biggest drawdown of IPAC?
The largest peak-to-trough decline was −31.0% between January 26, 2018 and March 23, 2020. It recovered to the old high on November 9, 2020, 8 months after the bottom.
How volatile is IPAC?
Over the past 3 years IPAC had an annualized volatility of 11.9% and a Sharpe ratio of 1.19 (excess return over 1–3 month T-bills per unit of risk).