- 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
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Performance
AAXJ Performance Chart
iShares MSCI All Country Asia ex-Japan ETF (AAXJ) is up 20.0% since the beginning of the year. AAXJ is currently trading at $111 per share. Investors who bought $1,000 worth of AAXJ shares 5 years ago would now be looking at an investment worth $1,334.
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Returns By Period
iShares MSCI All Country Asia ex-Japan ETF (AAXJ) has returned 19.96% so far this year and 34.43% over the past 12 months. Over the last ten years, AAXJ has returned 8.86% per year, falling short of the S&P 500 Index benchmark, which averaged 13.27% annually.
iShares MSCI All Country Asia ex-Japan ETF
- 1D
- -2.22%
- 1M
- -6.65%
- 6M
- 12.59%
- YTD
- 19.96%
- 1Y
- 34.43%
- 3Y*
- 19.63%
- 5Y*
- 5.93%
- 10Y*
- 8.86%
Benchmark (S&P 500 Index)
- 1D
- -0.51%
- 1M
- 0.30%
- 6M
- 8.49%
- YTD
- 10.05%
- 1Y
- 20.28%
- 3Y*
- 18.54%
- 5Y*
- 11.73%
- 10Y*
- 13.27%
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 +0.69%. At this rate, an investment would double in approximately 8.4 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% | 0.59% | -6.72% | 19.96% | |||||
| 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 -2.39%, beta of 0.99, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since August 15, 2008.
- This ETF participated in 95.94% of S&P 500 Index downside but only 80.17% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.39% 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
- -2.39%
- Beta
- 0.99
- R²
- 0.63
- Upside Capture
- 80.17%
- Downside Capture
- 95.94%
Expense Ratio
AAXJ has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AAXJ ranks 55 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAXJ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.24 | +0.29 |
| Martin ratioReturn relative to average drawdown | 8.33 | 9.71 | -1.37 |
Dividends
Dividend History
iShares MSCI All Country Asia ex-Japan ETF provided a 1.39% dividend yield over the last twelve months, with an annual payout of $1.55 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 | $1.55 | $1.68 | $1.34 | $1.30 | $1.12 | $1.82 | $0.95 | $1.34 | $1.34 | $1.52 | $0.97 | $1.31 |
Dividend yield | 1.39% | 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 | $0.42 | $0.00 | $0.42 | |||||
| 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.
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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 10.39%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-49.37%Nov 2008 | 3mo 4d | 8mo 2d | 11mo 6dAug 2008 - Jul 2009 | Financial crisis2007–2009 |
-44.52%Oct 2022 | 1y 8mo | 2y 12mo | 4y 8moFeb 2021 - Oct 2025 | Bear market2022 |
-32.99%Mar 2020 | 2y 1mo | 6mo 20d | 2y 8moJan 2018 - Oct 2020 | COVID crash2020 |
-31.08%Jan 2016 | 8mo 27d | 1y 4mo | 2y 28dApr 2015 - May 2017 | — |
-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 | -38.49% | -25.43% | -13.06% |
Max Drawdown (10Y)Largest decline over 10 years | -44.52% | -33.92% | -10.60% |
Current DrawdownCurrent decline from peak | -10.39% | -1.00% | -9.39% |
Average DrawdownAverage peak-to-trough decline | -13.97% | -10.70% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 2.09% | +2.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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