PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
AAXJ vs. INDA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.7

Performance

AAXJ vs. INDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and iShares MSCI India ETF (INDA). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
2.19%
-2.40%
AAXJ
INDA

Key characteristics

Sharpe Ratio

AAXJ:

0.91

INDA:

0.96

Sortino Ratio

AAXJ:

1.38

INDA:

1.32

Omega Ratio

AAXJ:

1.17

INDA:

1.19

Calmar Ratio

AAXJ:

0.44

INDA:

1.29

Martin Ratio

AAXJ:

3.40

INDA:

3.76

Ulcer Index

AAXJ:

4.59%

INDA:

3.60%

Daily Std Dev

AAXJ:

17.16%

INDA:

14.04%

Max Drawdown

AAXJ:

-49.37%

INDA:

-45.06%

Current Drawdown

AAXJ:

-23.04%

INDA:

-9.11%

Returns By Period

In the year-to-date period, AAXJ achieves a 11.08% return, which is significantly higher than INDA's 10.24% return. Over the past 10 years, AAXJ has underperformed INDA with an annualized return of 3.85%, while INDA has yielded a comparatively higher 7.40% annualized return.


AAXJ

YTD

11.08%

1M

-0.84%

6M

2.14%

1Y

13.20%

5Y*

1.72%

10Y*

3.85%

INDA

YTD

10.24%

1M

0.33%

6M

-1.62%

1Y

11.72%

5Y*

10.21%

10Y*

7.40%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


AAXJ vs. INDA - Expense Ratio Comparison

AAXJ has a 0.68% expense ratio, which is lower than INDA's 0.69% expense ratio.


INDA
iShares MSCI India ETF
Expense ratio chart for INDA: current value at 0.69% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.69%
Expense ratio chart for AAXJ: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%

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.


Sharpe ratio
The chart of Sharpe ratio for AAXJ, currently valued at 0.91, compared to the broader market0.002.004.000.910.96
The chart of Sortino ratio for AAXJ, currently valued at 1.38, compared to the broader market-2.000.002.004.006.008.0010.001.381.32
The chart of Omega ratio for AAXJ, currently valued at 1.17, compared to the broader market0.501.001.502.002.503.001.171.19
The chart of Calmar ratio for AAXJ, currently valued at 0.44, compared to the broader market0.005.0010.0015.000.441.29
The chart of Martin ratio for AAXJ, currently valued at 3.40, compared to the broader market0.0020.0040.0060.0080.00100.003.403.76
AAXJ
INDA

The current AAXJ Sharpe Ratio is 0.91, which is comparable to the INDA Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of AAXJ and INDA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.91
0.96
AAXJ
INDA

Dividends

AAXJ vs. INDA - Dividend Comparison

AAXJ's dividend yield for the trailing twelve months is around 1.84%, more than INDA's 0.75% yield.


TTM20232022202120202019201820172016201520142013
AAXJ
iShares MSCI All Country Asia ex-Japan ETF
1.84%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
0.75%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.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-23.04%
-9.11%
AAXJ
INDA

Volatility

AAXJ vs. INDA - Volatility Comparison

iShares MSCI All Country Asia ex-Japan ETF (AAXJ) has a higher volatility of 4.12% compared to iShares MSCI India ETF (INDA) at 3.76%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%9.00%JulyAugustSeptemberOctoberNovemberDecember
4.12%
3.76%
AAXJ
INDA
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab