IPAC vs IEFA: Holdings Overlap
IPACiShares Core MSCI Pacific ETF
iShares · 1375 holdings · $2.7B · as of 2026-04-30
IEFAiShares Core MSCI EAFE ETF
iShares · 2632 holdings · $193.5B · as of 2026-04-30
How similar are IPAC and IEFA?
iShares Core MSCI Pacific ETF (IPAC, by iShares) holds 1375 positions; iShares Core MSCI EAFE ETF (IEFA, by iShares) holds 2632. They have 1325 holdings in common, and by portfolio weight the two funds are 35.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 35.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1325IPAC holds 1375 · IEFA holds 2632
- Weight in Shared Holdings
- IPAC 99%·IEFA 36%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 IPAC
50 of 1375 positions (0.3% of the fund) are not held by IEFA. Showing the top 30 by weight.
Sector Breakdown
| Sector | IPAC | IEFA |
|---|---|---|
| Financials | 20.1% | 20.5% |
| Industrials | 15.3% | 16.0% |
| Information Technology | 9.0% | 7.9% |
| Health Care | 4.1% | 8.3% |
| Consumer Discretionary | 7.5% | 5.5% |
| Other Sectors | 21.1% | 24.2% |
| Unclassified | 22.2% | 17.0% |
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 (22% of IPAC, 17% of IEFA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IPAC | +4.8% | +18.9% | +27.2% | +18.2% | +9.0% | +9.1% | 3.71% |
| IEFA | +4.2% | +14.8% | +24.5% | +17.9% | +9.3% | +9.8% | 3.25% |
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 IPAC vs IEFA →
Shared Holdings(1325)
The top 10 shared positions account for 17% of the overlap, led by CBA, 8306 and BHP.
 CBACommonwealth Bank of Australia | 2.30% | 0.83% | 0.83% |
|---|---|---|---|
 8306Mitsubishi UFJ Financial Group Inc. NPV | 2.21% | 0.80% | 0.80% |
 BHPBHP Group Ltd. | 2.19% | 0.79% | 0.79% |
 7203Toyota Motor Corp. NPV | 1.98% | 0.71% | 0.71% |
 6501Hitachi Ltd. NPV | 1.59% | 0.57% | 0.57% |
 6857Advantest Corp. NPV | 1.56% | 0.56% | 0.56% |
 8035Tokyo Electron Ltd. NPV | 1.44% | 0.52% | 0.52% |
 8316Sumitomo Mitsui Financial Group Inc. NPV | 1.41% | 0.51% | 0.51% |
 9984SoftBank Group Corp. | 1.38% | 0.50% | 0.50% |
 6758Sony Group Corp. NPV | 1.34% | 0.49% | 0.49% |
 1299AIA Group Ltd. | 1.25% | 0.45% | 0.45% |
 8411Mizuho Financial Group Inc. NPV | 1.17% | 0.42% | 0.42% |
 8058Mitsubishi Corp. NPV | 1.12% | 0.41% | 0.41% |
 DBSDBS Group Holdings Ltd. | 1.05% | 0.38% | 0.38% |
 7011Mitsubishi Heavy Industries Ltd. NPV | 1.04% | 0.38% | 0.38% |
 WBCWestpac Banking Corp. | 1.04% | 0.38% | 0.38% |
 8031Mitsui & Co Ltd. NPV | 1.01% | 0.37% | 0.37% |
 9983Fast Retailing Co Ltd. NPV | 0.98% | 0.35% | 0.35% |
 6861Keyence Corp. NPV | 0.98% | 0.35% | 0.35% |
 NABNational Australia Bank Ltd. | 0.97% | 0.35% | 0.35% |
 8766Tokio Marine Holdings Inc. NPV | 0.92% | 0.33% | 0.33% |
 ANZANZ Group Holdings Ltd. | 0.87% | 0.31% | 0.31% |
 4063Shin-Etsu Chemical Co Ltd. NPV | 0.85% | 0.31% | 0.31% |
 6503Mitsubishi Electric Corp. NPV | 0.83% | 0.30% | 0.30% |
 8001ITOCHU Corp. NPV | 0.80% | 0.29% | 0.29% |
Showing the top 250 of 1325 shared holdings by overlap weight.
Frequently Asked Questions
How much do IPAC and IEFA overlap?
IPAC and IEFA overlap by 35.9% of portfolio weight. They share 1325 holdings (IPAC holds 1375 positions and IEFA holds 2632), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IPAC and IEFA?
The two portfolios are 35.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of IPAC and IEFA?
The largest positions held by both funds are CBA, 8306, BHP, 7203 and 6501. Together the top 10 shared positions account for 17% of the total overlap.
What does IPAC own that IEFA doesn't?
50 positions (0.3% of IPAC) are unique to IPAC, led by D01, 8522 and Fukuda Denshi Co Ltd. In the other direction, 1307 positions (63.3% of IEFA) are unique to IEFA.