Data as of Oct 28, 2026.
IPAC vs VPL: Differences, Returns & Fees
Over the year to Oct 28, 2026, IPAC returned +15.8% to VPL's +24.8%; 71% of their weight is in the same names.
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Net assets: $2.7bn on Oct 27, 2026 for iShares Core MSCI Pacific ETF, and $9.0bn on Sep 30, 2026 for Vanguard FTSE Pacific ETF.
Pair scorecard
VPL costs 0.02 points a year less; their one-year returns differ by 9.0 points; VPL is 3.2 times larger.
| Measure | IPAC | VPL |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.8% | +24.8% |
| Drawdown | ||
| Below its high | 3.7%, high on Sep 4, 2026 | 7.2%, high on Jun 22, 2026 |
| Benchmark | ||
| What it tracks | MSCI Pacific IMI | FTSE Developed Asia Pacific All Cap Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.07% |
| Net assets, as of Sep 30, 2026 | $2.8bn | $9.0bn |
| Holdings | ||
| Holdings in common | 71% | |
| Top ten holdings, share of the fund | 18.5% | 24.8% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Jun 20, 2014 to Oct 23, 2026 · 644 weekly returnsVPL returned slightly more: +144.4% to +130.4%. IPAC swung slightly less: 15.9% to 16.9%. IPAC fell slightly less at its worst: −29.9% to −32.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IPAC | VPL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +130.4% | +144.4% | VPL (slight) | Price change plus distributions, reinvested. |
| Annualized | +7.0% | +7.5% | VPL (slight) | Total return as a yearly rate. |
| Price return | +60.9% | +73.7% | VPL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.9% | 16.9% | IPAC (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.3% | 11.9% | IPAC (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −29.9% | −32.4% | IPAC (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.37 | 0.39 | VPL (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.53 | 0.55 | VPL (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.23 | 0.23 | Tie | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 644 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IPAC and VPL hold 71% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
71% in common
Only in one fund ↓
Side by side
IPAC and VPL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IPAC and VPL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IPAC follows MSCI Pacific IMI and VPL follows FTSE Developed Asia Pacific All Cap Index.
- One-year total return. Over 1 year to Oct 28, 2026 IPAC returned +15.8% and VPL +24.8% with distributions reinvested, a gap of 9.0 points.
- Size. IPAC has $2.8bn in net assets and VPL $9.0bn (net assets, as of Sep 30, 2026); VPL is 3.2 times larger.
Data as of Oct 28, 2026.
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IPAC
IPAC tracks an index. Over the year to Oct 28, 2026 it returned +15.8% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,338 positions, with the top ten at 18.5%. It sat 3.7% below its high of Sep 4, 2026 on Oct 28, 2026.
VPL
VPL tracks an index of Pacific Stock. Over the year to Oct 28, 2026 it returned +24.8% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,343 positions, with the top ten at 24.8%. It sat 7.2% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IPAC or VPL?
- In the year to Oct 28, 2026, with distributions reinvested, IPAC returned +15.8% and VPL +24.8%.
- Which is cheaper, IPAC or VPL?
- VPL is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IPAC against VPL, data as of Oct 28, 2026. https://etfiq.com/compare/any/ipac-vs-vpl
ETFIQ. (Oct 28, 2026). IPAC against VPL. Retrieved from https://etfiq.com/compare/any/ipac-vs-vpl
[IPAC against VPL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ipac-vs-vpl)
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