AAXJ vs. SOXX
Compare and contrast key facts about iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and iShares PHLX Semiconductor ETF (SOXX).
AAXJ and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both AAXJ and SOXX 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 SOXX.
Key characteristics
| AAXJ | SOXX | |
|---|---|---|
| YTD Return | 6.29% | 12.68% |
| 1Y Return | 9.18% | 63.29% |
| 3Y Return (Ann) | -6.69% | 19.67% |
| 5Y Return (Ann) | 1.20% | 28.88% |
| 10Y Return (Ann) | 3.68% | 28.04% |
| Sharpe Ratio | 0.63 | 2.17 |
| Daily Std Dev | 15.89% | 28.73% |
| Max Drawdown | -49.37% | -69.65% |
| Current Drawdown | -26.37% | -8.98% |
Correlation
The correlation between AAXJ and SOXX is 0.66, 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.
Performance
AAXJ vs. SOXX - Performance Comparison
In the year-to-date period, AAXJ achieves a 6.29% return, which is significantly lower than SOXX's 12.68% return. Over the past 10 years, AAXJ has underperformed SOXX with an annualized return of 3.68%, while SOXX has yielded a comparatively higher 28.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AAXJ vs. SOXX - Expense Ratio Comparison
AAXJ has a 0.68% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
AAXJ vs. SOXX - 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 PHLX Semiconductor ETF (SOXX). 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. SOXX - Dividend Comparison
AAXJ's dividend yield for the trailing twelve months is around 2.13%, more than SOXX's 1.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAXJ iShares MSCI All Country Asia ex-Japan ETF | 2.13% | 2.26% | 1.73% | 2.20% | 1.05% | 1.82% | 2.09% | 1.98% | 1.76% | 2.43% | 1.77% | 1.76% |
SOXX iShares PHLX Semiconductor ETF | 1.70% | 2.35% | 3.76% | 1.91% | 2.43% | 3.70% | 4.11% | 2.70% | 3.23% | 3.86% | 4.69% | 3.55% |
Drawdowns
AAXJ vs. SOXX - Drawdown Comparison
The maximum AAXJ drawdown since its inception was -49.37%, smaller than the maximum SOXX drawdown of -69.65%. Use the drawdown chart below to compare losses from any high point for AAXJ and SOXX. For additional features, visit the drawdowns tool.
Volatility
AAXJ vs. SOXX - Volatility Comparison
The current volatility for iShares MSCI All Country Asia ex-Japan ETF (AAXJ) is 5.33%, while iShares PHLX Semiconductor ETF (SOXX) has a volatility of 10.07%. This indicates that AAXJ experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.