AAXJ vs. QQQ
Compare and contrast key facts about iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and Invesco QQQ (QQQ).
AAXJ and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both AAXJ and QQQ 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 QQQ.
Performance
AAXJ vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, AAXJ achieves a 12.06% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, AAXJ has underperformed QQQ with an annualized return of 3.59%, while QQQ has yielded a comparatively higher 17.95% annualized return.
AAXJ
12.06%
-5.46%
2.03%
15.82%
3.02%
3.59%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| AAXJ | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.94 | 1.70 |
| Sortino Ratio | 1.41 | 2.29 |
| Omega Ratio | 1.17 | 1.31 |
| Calmar Ratio | 0.45 | 2.19 |
| Martin Ratio | 4.35 | 7.96 |
| Ulcer Index | 3.68% | 3.72% |
| Daily Std Dev | 17.12% | 17.39% |
| Max Drawdown | -49.37% | -82.98% |
| Current Drawdown | -22.37% | -3.42% |
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AAXJ vs. QQQ - Expense Ratio Comparison
AAXJ has a 0.68% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between AAXJ and QQQ is 0.68, 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. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
AAXJ's dividend yield for the trailing twelve months is around 1.85%, more than QQQ's 0.61% yield.
| 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% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AAXJ vs. QQQ - Drawdown Comparison
The maximum AAXJ drawdown since its inception was -49.37%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AAXJ and QQQ. For additional features, visit the drawdowns tool.
Volatility
AAXJ vs. QQQ - Volatility Comparison
iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and Invesco QQQ (QQQ) have volatilities of 5.49% and 5.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.