As far as I know, all the pearlescent inks are pigment inks - they'll give you the shine but they won't act like Distress or any other dye ink. They're gloopier and don't spread as well so you may need to play to get the effect you want. I have several of the Brilliance inks that Linda mentioned and have always been happy with them for stamping but don't really use them for making backgrounds.
You could try spritzing your Distress inked tags with Glimmer Mist or some Perfect Pearls mixed with water in a mister. Or smoosh Distress onto a non-stick mat and spritz that before dabbing your tag into it.