AAXJ vs. VWO
Compare and contrast key facts about iShares MSCI All Country Asia ex-Japan ETF (AAXJ) and Vanguard FTSE Emerging Markets ETF (VWO).
AAXJ and VWO 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. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. Both AAXJ and VWO 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 VWO.
Performance
AAXJ vs. VWO - Performance Comparison
Returns By Period
In the year-to-date period, AAXJ achieves a 12.06% return, which is significantly higher than VWO's 10.63% return. Both investments have delivered pretty close results over the past 10 years, with AAXJ having a 3.59% annualized return and VWO not far behind at 3.58%.
AAXJ
12.06%
-5.46%
2.03%
15.82%
3.02%
3.59%
VWO
10.63%
-4.81%
1.20%
15.46%
4.26%
3.58%
Key characteristics
| AAXJ | VWO | |
|---|---|---|
| Sharpe Ratio | 0.94 | 0.96 |
| Sortino Ratio | 1.41 | 1.44 |
| Omega Ratio | 1.17 | 1.18 |
| Calmar Ratio | 0.45 | 0.61 |
| Martin Ratio | 4.35 | 5.01 |
| Ulcer Index | 3.68% | 2.85% |
| Daily Std Dev | 17.12% | 14.79% |
| Max Drawdown | -49.37% | -67.68% |
| Current Drawdown | -22.37% | -10.94% |
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AAXJ vs. VWO - Expense Ratio Comparison
AAXJ has a 0.68% expense ratio, which is higher than VWO's 0.08% expense ratio.
Correlation
The correlation between AAXJ and VWO is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
AAXJ vs. VWO - 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 Vanguard FTSE Emerging Markets ETF (VWO). 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. VWO - Dividend Comparison
AAXJ's dividend yield for the trailing twelve months is around 1.85%, less than VWO's 2.68% 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% |
VWO Vanguard FTSE Emerging Markets ETF | 2.68% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
AAXJ vs. VWO - Drawdown Comparison
The maximum AAXJ drawdown since its inception was -49.37%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for AAXJ and VWO. For additional features, visit the drawdowns tool.
Volatility
AAXJ vs. VWO - Volatility Comparison
iShares MSCI All Country Asia ex-Japan ETF (AAXJ) has a higher volatility of 5.49% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 4.36%. This indicates that AAXJ's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.