AIA vs. EWJ
Compare and contrast key facts about iShares Asia 50 ETF (AIA) and iShares MSCI Japan ETF (EWJ).
AIA and EWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIA is a passively managed fund by iShares that tracks the performance of the S&P Asia 50. It was launched on Nov 13, 2007. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996. Both AIA and EWJ 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: AIA or EWJ.
Key characteristics
| AIA | EWJ | |
|---|---|---|
| YTD Return | 11.78% | 7.98% |
| 1Y Return | 14.23% | 20.39% |
| 3Y Return (Ann) | -8.80% | 2.74% |
| 5Y Return (Ann) | 2.30% | 6.17% |
| 10Y Return (Ann) | 5.57% | 6.19% |
| Sharpe Ratio | 0.77 | 1.39 |
| Daily Std Dev | 20.08% | 14.83% |
| Max Drawdown | -60.89% | -58.89% |
| Current Drawdown | -32.31% | -3.58% |
Correlation
The correlation between AIA and EWJ is 0.64, 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
AIA vs. EWJ - Performance Comparison
In the year-to-date period, AIA achieves a 11.78% return, which is significantly higher than EWJ's 7.98% return. Over the past 10 years, AIA has underperformed EWJ with an annualized return of 5.57%, while EWJ has yielded a comparatively higher 6.19% 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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AIA vs. EWJ - Expense Ratio Comparison
AIA has a 0.50% expense ratio, which is higher than EWJ's 0.49% expense ratio.
Risk-Adjusted Performance
AIA vs. EWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia 50 ETF (AIA) and iShares MSCI Japan ETF (EWJ). 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
AIA vs. EWJ - Dividend Comparison
AIA's dividend yield for the trailing twelve months is around 2.34%, more than EWJ's 1.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIA iShares Asia 50 ETF | 2.34% | 2.62% | 2.58% | 1.52% | 1.10% | 2.22% | 2.49% | 1.44% | 2.27% | 2.85% | 2.22% | 2.05% |
EWJ iShares MSCI Japan ETF | 1.88% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% | 1.32% | 1.11% |
Drawdowns
AIA vs. EWJ - Drawdown Comparison
The maximum AIA drawdown since its inception was -60.89%, roughly equal to the maximum EWJ drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for AIA and EWJ. For additional features, visit the drawdowns tool.
Volatility
AIA vs. EWJ - Volatility Comparison
iShares Asia 50 ETF (AIA) has a higher volatility of 7.18% compared to iShares MSCI Japan ETF (EWJ) at 4.62%. This indicates that AIA's price experiences larger fluctuations and is considered to be riskier than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.