ARE vs. AAXJ
ARE (Alexandria Real Estate Equities, Inc.) is a stock, while AAXJ (iShares MSCI All Country Asia ex-Japan ETF) is Asia Pacific Equities fund tracking the MSCI All Country Asia ex Japan Index. Over the past 10 years, ARE returned -3.65%/yr vs 8.86%/yr for AAXJ. At a 0.40 correlation, their price movements are largely independent.
Performance
ARE vs. AAXJ - Performance Comparison
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Returns By Period
In the year-to-date period, ARE achieves a 5.44% return, which is significantly lower than AAXJ's 19.96% return. Over the past 10 years, ARE has underperformed AAXJ with an annualized return of -3.65%, while AAXJ has yielded a comparatively higher 8.86% annualized return.
ARE
- 1D
- 2.96%
- 1M
- -1.86%
- 6M
- -9.88%
- YTD
- 5.44%
- 1Y
- -31.93%
- 3Y*
- -20.60%
- 5Y*
- -20.21%
- 10Y*
- -3.65%
AAXJ
- 1D
- -2.22%
- 1M
- -6.65%
- 6M
- 12.59%
- YTD
- 19.96%
- 1Y
- 34.43%
- 3Y*
- 19.63%
- 5Y*
- 5.93%
- 10Y*
- 8.86%
ARE vs. AAXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARE Alexandria Real Estate Equities, Inc. | 5.44% | -46.60% | -19.44% | -9.11% | -32.62% | 28.09% | 13.27% | 44.04% | -8.97% | 20.95% |
AAXJ iShares MSCI All Country Asia ex-Japan ETF | 19.96% | 31.53% | 10.41% | 4.79% | -20.35% | -5.73% | 23.35% | 17.93% | -15.04% | 41.76% |
Correlation
The correlation between ARE and AAXJ is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2008 | 0.40 |
The correlation between ARE and AAXJ shifts across timeframes, from 0.24 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARE vs. AAXJ — Risk / Return Rank
ARE
AAXJ
ARE vs. AAXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alexandria Real Estate Equities, Inc. (ARE) and iShares MSCI All Country Asia ex-Japan ETF (AAXJ). 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.
| ARE | AAXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.27 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 2.53 | -3.15 |
| Martin ratioReturn relative to average drawdown | -0.93 | 8.33 | -9.26 |
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Drawdowns
ARE vs. AAXJ - Drawdown Comparison
The maximum ARE drawdown since its inception was -77.92%, which is greater than AAXJ's maximum drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for ARE and AAXJ.
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Drawdown Indicators
| ARE | AAXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.92% | -49.37% | -28.55% |
Max Drawdown (1Y)Largest decline over 1 year | -51.61% | -13.66% | -37.95% |
Max Drawdown (3Y)Largest decline over 3 years | -65.64% | -19.74% | -45.90% |
Max Drawdown (5Y)Largest decline over 5 years | -77.92% | -38.49% | -39.43% |
Max Drawdown (10Y)Largest decline over 10 years | -77.92% | -44.52% | -33.40% |
Current DrawdownCurrent decline from peak | -72.25% | -10.39% | -61.86% |
Average DrawdownAverage peak-to-trough decline | -17.91% | -13.97% | -3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.47% | 4.14% | +30.33% |
Volatility
ARE vs. AAXJ - Volatility Comparison
Alexandria Real Estate Equities, Inc. (ARE) has a higher volatility of 12.23% compared to iShares MSCI All Country Asia ex-Japan ETF (AAXJ) at 10.80%. This indicates that ARE's price experiences larger fluctuations and is considered to be riskier than AAXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARE | AAXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.23% | 10.80% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 32.29% | 22.29% | +10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.90% | 24.44% | +20.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.39% | 20.85% | +12.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.42% | 20.60% | +8.82% |
Dividends
ARE vs. AAXJ - Dividend Comparison
ARE's dividend yield for the trailing twelve months is around 6.94%, more than AAXJ's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAXJ iShares MSCI All Country Asia ex-Japan ETF | 1.39% | 1.81% | 1.86% | 1.95% | 1.74% | 2.21% | 1.06% | 1.83% | 2.10% | 1.99% | 1.77% | 2.44% |
ARE Alexandria Real Estate Equities, Inc. | 6.94% | 9.56% | 5.32% | 3.91% | 3.24% | 2.01% | 2.38% | 2.48% | 3.24% | 2.64% | 2.91% | 3.38% |
Frequently Asked Questions
ARE and AAXJ have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARE has higher volatility (12.23%) compared to AAXJ (10.80%). In terms of maximum drawdown, ARE dropped -77.92% vs AAXJ's -49.37%.
AAXJ currently has the higher Sharpe Ratio (1.42 vs -0.71), 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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