BBAX vs IPAC: Holdings Overlap
BBAXJPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF
JPMorgan · 96 holdings · $6.7B · as of 2026-04-30
IPACiShares Core MSCI Pacific ETF
iShares · 1375 holdings · $2.7B · as of 2026-04-30
How similar are BBAX and IPAC?
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX, by JPMorgan) holds 96 positions; iShares Core MSCI Pacific ETF (IPAC, by iShares) holds 1375. They have 88 holdings in common, and by portfolio weight the two funds are 23.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 88BBAX holds 96 · IPAC holds 1375
- Weight in Shared Holdings
- BBAX 97%·IPAC 23%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in BBAX
8 of 96 positions (2.0% of the fund) are not held by IPAC.
Only in IPAC
1287 of 1375 positions (75.8% of the fund) are not held by BBAX. Showing the top 30 by weight.
Sector Breakdown
| Sector | BBAX | IPAC |
|---|---|---|
| Financials | 45.0% | 20.1% |
| Industrials | 7.0% | 15.3% |
| Materials | 14.6% | 6.3% |
| Information Technology | 0.2% | 9.0% |
| Real Estate | 7.6% | 4.9% |
| Other Sectors | 18.2% | 21.5% |
| Unclassified | 6.6% | 22.2% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (7% of BBAX, 22% of IPAC).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BBAX | +8.2% | +18.1% | +21.6% | +15.2% | +7.0% | — | 3.44% |
| IPAC | +4.8% | +18.9% | +27.2% | +18.2% | +9.0% | +9.1% | 3.71% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in BBAX vs IPAC →
Shared Holdings(88)
The top 10 shared positions account for 50% of the overlap, led by CBA, BHP and 1299.
 CBACommonwealth Bank of Australia | 9.55% | 2.30% | 2.30% |
|---|---|---|---|
 BHPBHP Group Ltd. | 8.66% | 2.19% | 2.19% |
 1299AIA Group Ltd. | 5.20% | 1.25% | 1.25% |
 DBSDBS Group Holdings Ltd. | 4.25% | 1.05% | 1.05% |
 WBCWestpac Banking Corp. | 4.32% | 1.04% | 1.04% |
 NABNational Australia Bank Ltd. | 4.00% | 0.97% | 0.97% |
 ANZANZ Group Holdings Ltd. | 3.61% | 0.87% | 0.87% |
 MQGMacquarie Group Ltd. | 2.83% | 0.68% | 0.68% |
 WESWesfarmers Ltd. | 2.73% | 0.66% | 0.66% |
 OCBCOversea-Chinese Banking Corp. Ltd. | 2.54% | 0.63% | 0.63% |
 388Hong Kong Exchanges & Clearing Ltd. | 2.88% | 0.59% | 0.59% |
 WDSWoodside Energy Group Ltd. | 2.05% | 0.50% | 0.50% |
 RIORio Tinto Ltd. | 2.06% | 0.50% | 0.50% |
 GMGGoodman Group | 1.91% | 0.48% | 0.48% |
 CSLCSL Ltd. | 1.97% | 0.48% | 0.48% |
 UOBUnited Overseas Bank Ltd. | 1.73% | 0.39% | 0.39% |
 TCLTransurban Group | 1.42% | 0.34% | 0.34% |
 WOWWoolworths Group Ltd. | 1.37% | 0.33% | 0.33% |
 STSingapore Telecommunications Ltd. | 1.35% | 0.29% | 0.29% |
 16Sun Hung Kai Properties Ltd. | 1.35% | 0.28% | 0.28% |
 FMGFortescue Ltd. | 1.03% | 0.27% | 0.27% |
 QBEQBE Insurance Group Ltd. | 1.11% | 0.26% | 0.26% |
 1CK Hutchison Holdings Ltd. | 1.01% | 0.24% | 0.24% |
 BXBBrambles Ltd. | 1.01% | 0.24% | 0.24% |
 669Techtronic Industries Co. Ltd. | 0.96% | 0.23% | 0.23% |
Frequently Asked Questions
How much do BBAX and IPAC overlap?
BBAX and IPAC overlap by 23.4% of portfolio weight. They share 88 holdings (BBAX holds 96 positions and IPAC holds 1375), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BBAX and IPAC?
The two portfolios are 23.4% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of BBAX and IPAC?
The largest positions held by both funds are CBA, BHP, 1299, DBS and WBC. Together the top 10 shared positions account for 50% of the total overlap.
What does BBAX own that IPAC doesn't?
8 positions (2.0% of BBAX) are unique to BBAX, led by 2269, JHX and 2259. In the other direction, 1287 positions (75.8% of IPAC) are unique to IPAC.