AIA vs. FMQQ
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 Index, 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 32.31%/yr vs 3.23%/yr for FMQQ. A 0.62 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
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Returns By Period
In the year-to-date period, AIA achieves a 37.27% return, which is significantly higher than FMQQ's -11.66% return.
AIA
- 1D
- -3.93%
- 1M
- -5.04%
- 6M
- 26.37%
- YTD
- 37.27%
- 1Y
- 67.79%
- 3Y*
- 32.31%
- 5Y*
- 10.75%
- 10Y*
- 13.49%
FMQQ
- 1D
- -0.93%
- 1M
- 8.36%
- 6M
- -11.51%
- YTD
- -11.66%
- 1Y
- -16.17%
- 3Y*
- 3.23%
- 5Y*
- —
- 10Y*
- —
AIA vs. FMQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AIA iShares Asia 50 ETF | 37.27% | 47.79% | 20.26% | 4.32% | -24.08% | -2.94% |
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -11.66% | 10.77% | 12.45% | 15.15% | -54.03% | -16.57% |
Correlation
The correlation between AIA and FMQQ is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.62 |
The correlation between AIA and FMQQ has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
AIA vs. FMQQ — Risk / Return Rank
AIA
FMQQ
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIA | FMQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.08 | ||
| Sortino ratioReturn per unit of downside risk | +3.83 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.87 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 4.82 | -0.53 | +5.34 |
| Martin ratioReturn relative to average drawdown | 15.01 | -0.94 | +15.96 |
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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.
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Drawdown Indicators
| AIA | FMQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -48.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.64% | — | — |
Current DrawdownCurrent decline from peak | -11.19% | -52.24% | +41.05% |
Average DrawdownAverage peak-to-trough decline | -16.62% | -49.45% | +32.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 17.17% | -12.64% |
Volatility
AIA vs. FMQQ - Volatility Comparison
iShares Asia 50 ETF (AIA) has a higher volatility of 14.46% compared to FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) at 4.92%. 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.
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Volatility by Period
| AIA | FMQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.46% | 4.92% | +9.54% |
Volatility (6M)Calculated over the trailing 6-month period | 27.29% | 16.29% | +11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.55% | 19.25% | +11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.54% | 24.72% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 24.72% | -0.69% |
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 1.60%, more than FMQQ's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIA iShares Asia 50 ETF | 1.60% | 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 | 0.69% | 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
AIA and FMQQ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIA has higher volatility (14.46%) compared to FMQQ (4.92%). In terms of maximum drawdown, AIA dropped -60.89% vs FMQQ's -64.51%.
On 3-year performance, AIA leads with 32.31% vs 3.23% for FMQQ. On fees, AIA is cheaper at 0.50% per year. On volatility, FMQQ has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AIA has performed better with a 32.31% return vs 3.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIA is cheaper with a 0.50% expense ratio, compared with 0.86% for FMQQ.
AIA has the higher dividend yield at 1.60%, compared with 0.69% for FMQQ.
AIA is categorized as Asia Pacific Equities, while FMQQ is Emerging Markets Diversified. AIA tracks S&P Asia 50 Index, 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.
AIA currently has the higher Sharpe Ratio (2.24 vs -0.84), 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.
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