AIA vs. FMQQ

Last updated Jun 4, 2026

AIA (iShares Asia 50 ETF) and FMQQ (FMQQ The Next Frontier Internet & Ecommerce ETF) are both exchange-traded funds - AIA is a Asia Pacific Equities fund tracking the S&P Asia 50, while FMQQ is a Emerging Markets Diversified fund tracking the FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, AIA returned 38.58%/yr vs 1.86%/yr for FMQQ. A 0.63 correlation means they provide meaningful diversification when combined. AIA charges 0.50%/yr vs 0.86%/yr for FMQQ.

Performance

AIA vs. FMQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia 50 ETF (AIA) and FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIA achieves a 52.67% return, which is significantly higher than FMQQ's -18.43% return.

AIA

• 1D: -1.19%
• 1M: 18.04%
• YTD: 52.67%
• 6M: 57.46%
• 1Y: 100.69%
• 3Y*: 38.58%
• 5Y*: 12.42%
• 10Y*: 15.48%

FMQQ

• 1D: -2.42%
• 1M: -5.36%
• YTD: -18.43%
• 6M: -20.54%
• 1Y: -20.58%
• 3Y*: 1.86%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIA vs. FMQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AIA iShares Asia 50 ETF	52.67%	47.79%	20.26%	4.32%	-24.08%	-1.45%
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF	-18.43%	10.77%	12.45%	15.15%	-54.03%	-15.21%

Correlation

The correlation between AIA and FMQQ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021	0.63

The correlation between AIA and FMQQ has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

AIA vs. FMQQ - Sectors Allocation Comparison

Sectors	AIA	FMQQ
Technology	56.8%	9.8%
Financial Services	19.3%	2.3%
Consumer Cyclical	10.1%	32.7%
Communication Services	8.9%	6.4%
Industrials	2.6%	0.4%
Healthcare	0.9%	-
Energy	0.7%	-
Real Estate	0.6%	1.0%
Basic Materials	-	-
Consumer Defensive	-	0.6%
Utilities	-	1.5%

Return for Risk

AIA vs. FMQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIA

AIA Risk / Return Rank: 93
AIA Sharpe Ratio Rank: 95
AIA Sortino Ratio Rank: 92
AIA Omega Ratio Rank: 92
AIA Calmar Ratio Rank: 94
AIA Martin Ratio Rank: 94

FMQQ

FMQQ Risk / Return Rank: 2
FMQQ Sharpe Ratio Rank: 1
FMQQ Sortino Ratio Rank: 1
FMQQ Omega Ratio Rank: 2
FMQQ Calmar Ratio Rank: 3
FMQQ Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIA vs. FMQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia 50 ETF (AIA) and FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ). 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.

	AIA	FMQQ	Difference
Sharpe ratio Return per unit of total volatility	3.94	-1.08	+5.02
Sortino ratio Return per unit of downside risk	4.57	-1.52	+6.09
Omega ratio Gain probability vs. loss probability	1.64	0.83	+0.81
Calmar ratio Return relative to maximum drawdown	7.16	-0.67	+7.83
Martin ratio Return relative to average drawdown	26.55	-1.37	+27.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIA vs. FMQQ - Sharpe Ratio Comparison

The current AIA Sharpe Ratio is 3.94, which is higher than the FMQQ Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of AIA and FMQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIA	FMQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.94	-1.08	+5.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	-0.63	+0.95

Drawdowns

AIA vs. FMQQ - Drawdown Comparison

The maximum AIA drawdown since its inception was -60.89%, smaller than the maximum FMQQ drawdown of -64.51%. Use the drawdown chart below to compare losses from any high point for AIA and FMQQ.

Drawdown Indicators

	AIA	FMQQ	Difference
Max Drawdown Largest peak-to-trough decline	-60.89%	-64.51%	+3.62%
Max Drawdown (1Y) Largest decline over 1 year	-14.15%	-30.82%	+16.67%
Max Drawdown (3Y) Largest decline over 3 years	-21.64%	-30.82%	+9.18%
Max Drawdown (5Y) Largest decline over 5 years	-50.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-54.64%	—	—
Current Drawdown Current decline from peak	-1.19%	-55.91%	+54.72%
Average Drawdown Average peak-to-trough decline	-16.68%	-49.37%	+32.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	15.10%	-11.29%

Volatility

AIA vs. FMQQ - Volatility Comparison

iShares Asia 50 ETF (AIA) has a higher volatility of 11.22% compared to FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) at 6.21%. This indicates that AIA's price experiences larger fluctuations and is considered to be riskier than FMQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIA	FMQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.22%	6.21%	+5.01%
Volatility (6M) Calculated over the trailing 6-month period	21.71%	15.66%	+6.05%
Volatility (1Y) Calculated over the trailing 1-year period	25.70%	19.04%	+6.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.51%	24.82%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.55%	24.82%	-1.27%

AIA vs. FMQQ - Expense Ratio Comparison

AIA has a 0.50% expense ratio, which is lower than FMQQ's 0.86% expense ratio.

Dividends

AIA vs. FMQQ - Dividend Comparison

AIA's dividend yield for the trailing twelve months is around 1.64%, more than FMQQ's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIA iShares Asia 50 ETF	1.64%	2.50%	2.78%	2.07%	2.59%	1.54%	1.11%	2.24%	2.49%	1.45%	2.29%	2.88%
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF	0.75%	0.61%	0.45%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIA and FMQQ in my portfolio?

AIA and FMQQ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIA or FMQQ?

AIA has higher volatility (11.22%) compared to FMQQ (6.21%). In terms of maximum drawdown, AIA dropped -60.89% vs FMQQ's -64.51%.

Which ETF is better, AIA or FMQQ?

On 3-year performance, AIA leads with 38.58% vs 1.86% for FMQQ. On fees, AIA is cheaper at 0.50% per year. On volatility, FMQQ has been the lower-risk option at 6.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIA or FMQQ?

Over the 3-year period, AIA has performed better with a 38.58% return vs 1.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIA or FMQQ?

AIA is cheaper with a 0.50% expense ratio, compared with 0.86% for FMQQ.

Which ETF pays a higher dividend yield, AIA or FMQQ?

AIA has the higher dividend yield at 1.64%, compared with 0.75% for FMQQ.

What is the main difference between AIA and FMQQ?

AIA is categorized as Asia Pacific Equities, while FMQQ is Emerging Markets Diversified. AIA tracks S&P Asia 50, while FMQQ tracks FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net. They also come from different issuers: iShares and EMQQ. Their fees differ too: 0.50% for AIA and 0.86% for FMQQ.

Which has better risk-adjusted returns?

AIA currently has the higher Sharpe Ratio (3.94 vs -1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.