- ISIN
- US4642881829
- CUSIP
- 464288182
- Issuer
- iShares
- Inception Date
- Aug 13, 2008
- Region
- Broad Asia (Pacific ex-Japan)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI All Country Asia ex Japan Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $4B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
AAXJ Performance Chart
iShares MSCI All Country Asia ex-Japan ETF (AAXJ) is up 20.3% since the beginning of the year. AAXJ is currently trading at $112 per share. Investors who bought $1,000 worth of AAXJ shares 5 years ago would now be looking at an investment worth $1,289.
Loading charts...
Returns By Period
iShares MSCI All Country Asia ex-Japan ETF (AAXJ) has returned 20.32% so far this year and 42.41% over the past 12 months. Over the last ten years, AAXJ has returned 9.35% per year, falling short of the S&P 500 Index benchmark, which averaged 13.33% annually.
iShares MSCI All Country Asia ex-Japan ETF
- 1D
- -7.09%
- 1M
- -2.63%
- YTD
- 20.32%
- 6M
- 21.60%
- 1Y
- 42.41%
- 3Y*
- 20.76%
- 5Y*
- 5.21%
- 10Y*
- 9.35%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
AAXJ Monthly Returns History
Based on dividend-adjusted daily data since Aug 15, 2008, AAXJ's average daily return is +0.04%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +20.2%, while the worst month was Oct 2008 at -20.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, AAXJ closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +16.7%, while the worst single day was Oct 15, 2008 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.70% | 6.29% | -9.67% | 14.10% | 8.36% | -5.90% | 20.32% | ||||||
| 2025 | 0.67% | 1.39% | 0.45% | -0.26% | 4.93% | 7.42% | 1.32% | 2.58% | 6.23% | 3.89% | -2.23% | 1.75% | 31.53% |
| 2024 | -5.29% | 4.46% | 2.87% | 0.58% | 2.95% | 2.99% | 0.40% | 1.02% | 7.45% | -3.20% | -2.29% | -1.31% | 10.41% |
| 2023 | 9.43% | -7.66% | 3.67% | -1.71% | -2.85% | 2.80% | 6.16% | -7.02% | -3.17% | -3.29% | 6.51% | 3.50% | 4.79% |
| 2022 | -1.27% | -3.71% | -4.57% | -5.48% | 1.09% | -3.02% | -1.73% | -1.53% | -12.59% | -5.16% | 20.16% | -1.70% | -20.35% |
| 2021 | 4.36% | 1.21% | -2.10% | 1.10% | 0.69% | 0.48% | -7.09% | 1.09% | -4.32% | 1.62% | -3.50% | 1.12% | -5.73% |
Benchmark Metrics
iShares MSCI All Country Asia ex-Japan ETF has an annualized alpha of -2.25%, beta of 0.99, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since August 18, 2008.
- This ETF participated in 97.22% of S&P 500 Index downside but only 81.92% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.25% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.99 and R2 of 0.63, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.25%
- Beta
- 0.99
- R²
- 0.63
- Upside Capture
- 81.92%
- Downside Capture
- 97.22%
Expense Ratio
AAXJ has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AAXJ ranks 68 for risk / return — better than 68% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and compare them to S&P 500 Index.
| AAXJ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.69 | +0.48 |
| Martin ratioReturn relative to average drawdown | 12.04 | 12.34 | -0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares MSCI All Country Asia ex-Japan ETF provided a 1.50% dividend yield over the last twelve months, with an annual payout of $1.68 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.68 | $1.68 | $1.34 | $1.30 | $1.12 | $1.82 | $0.95 | $1.34 | $1.34 | $1.52 | $0.97 | $1.31 |
Dividend yield | 1.50% | 1.81% | 1.86% | 1.95% | 1.74% | 2.21% | 1.06% | 1.83% | 2.10% | 1.99% | 1.77% | 2.44% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI All Country Asia ex-Japan ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.68 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.34 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $1.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $1.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.55 | $1.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI All Country Asia ex-Japan ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI All Country Asia ex-Japan ETF was 49.37%, occurring on Nov 20, 2008. Recovery took 164 trading sessions.
The current iShares MSCI All Country Asia ex-Japan ETF drawdown is 9.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.37%Nov 2008 | 3mo 4d | 8mo 2d | 11mo 6dAug 2008 - Jul 2009 |
Bear market2022 | -44.52%Oct 2022 | 1y 8mo | 2y 12mo | 4y 8moFeb 2021 - Oct 2025 |
COVID crash2020 | -32.99%Mar 2020 | 2y 1mo | 6mo 20d | 2y 8moJan 2018 - Oct 2020 |
2016 bear market2016 | -31.08%Feb 2016 | 9mo 19d | 1y 3mo | 2y 28dApr 2015 - May 2017 |
2011 bear market2011 | -29.50%Oct 2011 | 5mo 11d | 2y 7mo | 3y 22dApr 2011 - May 2014 |
Drawdown Indicators
| AAXJ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.37% | -56.78% | +7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -13.66% | -9.10% | -4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.74% | -18.90% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -40.64% | -25.43% | -15.21% |
Max Drawdown (10Y)Largest decline over 10 years | -44.52% | -33.92% | -10.60% |
Current DrawdownCurrent decline from peak | -9.25% | -2.97% | -6.28% |
Average DrawdownAverage peak-to-trough decline | -14.03% | -10.72% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.97% | +1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with AAXJ
Add iShares MSCI All Country Asia ex-Japan ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with AAXJ