AAXJ vs. INDA
Compare and contrast key facts about iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and iShares MSCI India ETF (INDA).
AAXJ and INDA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAXJ is a passively managed fund by iShares that tracks the performance of the MSCI All Country Asia ex Japan Index. It was launched on Aug 13, 2008. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012. Both AAXJ and INDA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAXJ or INDA.
Performance
AAXJ vs. INDA - Performance Comparison
Returns By Period
In the year-to-date period, AAXJ achieves a 12.06% return, which is significantly higher than INDA's 9.14% return. Over the past 10 years, AAXJ has underperformed INDA with an annualized return of 3.59%, while INDA has yielded a comparatively higher 6.43% annualized return.
AAXJ
12.06%
-5.46%
2.03%
15.82%
3.02%
3.59%
INDA
9.14%
-5.82%
0.28%
18.25%
10.66%
6.43%
Key characteristics
| AAXJ | INDA | |
|---|---|---|
| Sharpe Ratio | 0.94 | 1.31 |
| Sortino Ratio | 1.41 | 1.72 |
| Omega Ratio | 1.17 | 1.26 |
| Calmar Ratio | 0.45 | 1.77 |
| Martin Ratio | 4.35 | 6.59 |
| Ulcer Index | 3.68% | 2.80% |
| Daily Std Dev | 17.12% | 14.08% |
| Max Drawdown | -49.37% | -45.06% |
| Current Drawdown | -22.37% | -10.02% |
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AAXJ vs. INDA - Expense Ratio Comparison
AAXJ has a 0.68% expense ratio, which is lower than INDA's 0.69% expense ratio.
Correlation
The correlation between AAXJ and INDA is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AAXJ vs. INDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and iShares MSCI India ETF (INDA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AAXJ vs. INDA - Dividend Comparison
AAXJ's dividend yield for the trailing twelve months is around 1.85%, while INDA has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAXJ iShares MSCI All Country Asia ex-Japan ETF | 1.85% | 2.26% | 1.73% | 2.21% | 1.06% | 1.83% | 2.10% | 1.99% | 1.77% | 2.44% | 1.78% | 1.77% |
INDA iShares MSCI India ETF | 0.00% | 0.16% | 0.00% | 6.44% | 0.27% | 1.00% | 0.94% | 1.09% | 0.91% | 1.19% | 0.63% | 0.40% |
Drawdowns
AAXJ vs. INDA - Drawdown Comparison
The maximum AAXJ drawdown since its inception was -49.37%, which is greater than INDA's maximum drawdown of -45.06%. Use the drawdown chart below to compare losses from any high point for AAXJ and INDA. For additional features, visit the drawdowns tool.
Volatility
AAXJ vs. INDA - Volatility Comparison
iShares MSCI All Country Asia ex-Japan ETF (AAXJ) has a higher volatility of 5.49% compared to iShares MSCI India ETF (INDA) at 3.21%. This indicates that AAXJ's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.