IPAC vs QQQ
iShares Core MSCI Pacific ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
IPAC has a lower expense ratio. QQQ delivered stronger 1-year returns. IPAC offers more diversification with 1,385 holdings.
Side-by-Side Comparison
| Metric | IPAC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.18% | |
| AUM | $2.8B | $496.3B | |
| Dividend Yield | 3.82% | 0.44% | |
| Holdings | 1,385 | 108 | |
| YTD Return | +15.80% | +17.30% | |
| 1Y Return | +21.10% | +24.93% | |
| 3Y Return (annualized) | +19.64% | +26.19% | |
| 5Y Return (annualized) | +8.95% | +15.34% | |
| Volatility (annualized) | 13.8% | 30.6% | |
| Max Drawdown | -35.1% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 10, 2014 | Mar 10, 1999 |
IPAC vs QQQ Performance
iShares Core MSCI Pacific ETF (IPAC) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IPAC returned +21.10% while QQQ returned +24.93%. Year to date, IPAC is up 15.80% versus a gain of 17.30% for QQQ.
Over three years, IPAC compounded at +19.64% per year against +26.19% for QQQ; over five years the annualized figures are +8.95% and +15.34% respectively. Across the full 12-year window we track, QQQ has the edge at +13.06% annualized vs +5.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 13.8% for IPAC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.1% for IPAC and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IPAC charges 0.09% per year while QQQ charges 0.18%. On a $10,000 position that is $9 vs $18 annually, a gap of $9 per year that compounds over a long holding period. On income, IPAC currently yields 3.82% against 0.44% for QQQ.
Holdings Overlap
IPAC and QQQ share 0 holdings out of 1468 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IPAC or QQQ?
IPAC has an expense ratio of 0.09% while QQQ charges 0.18%. IPAC is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, IPAC or QQQ?
Over the past year IPAC returned +21.10% vs +24.93% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (12 years), IPAC annualized +5.97% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, IPAC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 13.8% for IPAC. Worst drawdown: IPAC -35.1% vs QQQ -83.0%.
Should I hold both IPAC and QQQ?
IPAC and QQQ have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IPAC and QQQ?
IPAC and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1468 unique securities.
Which pays a higher dividend, IPAC or QQQ?
IPAC yields 3.82% while QQQ yields 0.44%, so IPAC currently pays the higher dividend yield.
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