PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EIPX vs. AAXJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EIPX vs. AAXJ

Last updated Jun 24, 2026

EIPX (FT Energy Income Partners Strategy ETF) and AAXJ (iShares MSCI All Country Asia ex-Japan ETF) are both exchange-traded funds - EIPX is a Energy Equities fund actively managed by First Trust, while AAXJ is a Asia Pacific Equities fund tracking the MSCI All Country Asia ex Japan Index. EIPX is actively managed, while AAXJ is passively managed. Over the past 3 years, EIPX returned 21.25%/yr vs 23.41%/yr for AAXJ. At a 0.35 correlation, their price movements are largely independent. EIPX charges 0.95%/yr vs 0.68%/yr for AAXJ.

Performance

EIPX vs. AAXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Energy Income Partners Strategy ETF (EIPX) and iShares MSCI All Country Asia ex-Japan ETF (AAXJ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EIPX achieves a 20.93% return, which is significantly lower than AAXJ's 25.79% return.

EIPX

1D
1.02%
1M
-3.17%
YTD
20.93%
6M
20.98%
1Y
27.12%
3Y*
21.25%
5Y*
—
10Y*
—

AAXJ

1D
-6.03%
1M
2.68%
YTD
25.79%
6M
26.97%
1Y
47.85%
3Y*
23.41%
5Y*
6.42%
10Y*
10.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EIPX vs. AAXJ - Yearly Performance Comparison

2026 (YTD)2025202420232022
EIPX
FT Energy Income Partners Strategy ETF		20.93%11.44%19.11%10.74%1.77%
AAXJ
iShares MSCI All Country Asia ex-Japan ETF		25.79%31.53%10.41%4.79%16.33%

Correlation

The correlation between EIPX and AAXJ is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2022

0.35

Over the past year, the correlation between EIPX and AAXJ has dropped to 0.08 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

EIPX vs. AAXJ - Sectors Allocation Comparison

Sectors
EIPX
AAXJ

Energy

68.4%
2.2%

Utilities

26.4%
1.6%

Industrials

4.8%
7.3%

Technology

0.3%
49.4%

Basic Materials

-

3.1%

Communication Services

-

5.9%

Consumer Cyclical

-

8.9%

Consumer Defensive

-

2.0%

Financial Services

-

15.8%

Healthcare

-

2.6%

Real Estate

-

1.4%

Energy

EIPX
68.4%
AAXJ
2.2%

Utilities

EIPX
26.4%
AAXJ
1.6%

Industrials

EIPX
4.8%
AAXJ
7.3%

Technology

EIPX
0.3%
AAXJ
49.4%

Basic Materials

EIPX

-

AAXJ
3.1%

Communication Services

EIPX

-

AAXJ
5.9%

Consumer Cyclical

EIPX

-

AAXJ
8.9%

Consumer Defensive

EIPX

-

AAXJ
2.0%

Financial Services

EIPX

-

AAXJ
15.8%

Healthcare

EIPX

-

AAXJ
2.6%

Real Estate

EIPX

-

AAXJ
1.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FT Energy Income Partners Strategy ETF

iShares MSCI All Country Asia ex-Japan ETF

Often compared with EIPX:
EIPX vs. QTUMEIPX vs. IXCEIPX vs. TNGYEIPX vs. ARPEIPX vs. VRAIEIPX vs. GUSHEIPX vs. ENFR
Often compared with AAXJ:
AAXJ vs. VPLAAXJ vs. IEMGAAXJ vs. VWOAAXJ vs. BBAXAAXJ vs. EPPAAXJ vs. CQQQAAXJ vs. THD

Return for Risk

EIPX vs. AAXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EIPX
EIPX Risk / Return Rank: 8383
Overall Rank
EIPX Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
EIPX Sortino Ratio Rank: 8484
Sortino Ratio Rank
EIPX Omega Ratio Rank: 7676
Omega Ratio Rank
EIPX Calmar Ratio Rank: 9090
Calmar Ratio Rank
EIPX Martin Ratio Rank: 8484
Martin Ratio Rank
AAXJ
AAXJ Risk / Return Rank: 6868
Overall Rank
AAXJ Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
AAXJ Sortino Ratio Rank: 5858
Sortino Ratio Rank
AAXJ Omega Ratio Rank: 7070
Omega Ratio Rank
AAXJ Calmar Ratio Rank: 7373
Calmar Ratio Rank
AAXJ Martin Ratio Rank: 7272
Martin Ratio Rank
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.

EIPX vs. AAXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Strategy ETF (EIPX) 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.

EIPXAAXJDifference
Sharpe ratioReturn per unit of total volatility
2.45
2.06

+0.39

Sortino ratioReturn per unit of downside risk
3.49
2.62

+0.87

Omega ratioGain probability vs. loss probability

1.41

1.39

+0.02

Calmar ratioReturn relative to maximum drawdown

5.27

3.52

+1.75

Martin ratioReturn relative to average drawdown

16.25

12.86

+3.40

EIPX vs. AAXJ - Sharpe Ratio Comparison

The current EIPX Sharpe Ratio is 2.45, which is comparable to the AAXJ Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of EIPX and AAXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

EIPX vs. AAXJ - Drawdown Comparison

The maximum EIPX drawdown since its inception was -15.43%, smaller than the maximum AAXJ drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for EIPX and AAXJ.

Loading charts...

Drawdown Indicators

EIPXAAXJDifference

Max Drawdown

Largest peak-to-trough decline

-15.43%

-49.37%

+33.94%

Max Drawdown (1Y)

Largest decline over 1 year

-5.17%

-13.66%

+8.49%

Max Drawdown (3Y)

Largest decline over 3 years

-15.43%

-19.74%

+4.31%

Max Drawdown (5Y)

Largest decline over 5 years

—

-40.64%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.52%

—

Current Drawdown

Current decline from peak

-3.41%

-6.03%

+2.62%

Average Drawdown

Average peak-to-trough decline

-2.29%

-14.00%

+11.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

3.73%

-2.06%

Volatility

EIPX vs. AAXJ - Volatility Comparison

The current volatility for FT Energy Income Partners Strategy ETF (EIPX) is 3.61%, while iShares MSCI All Country Asia ex-Japan ETF (AAXJ) has a volatility of 13.43%. This indicates that EIPX experiences smaller price fluctuations and is considered to be less risky than AAXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EIPXAAXJDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

13.43%

-9.82%

Volatility (6M)

Calculated over the trailing 6-month period

8.44%

21.20%

-12.76%

Volatility (1Y)

Calculated over the trailing 1-year period

11.17%

23.39%

-12.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.02%

20.63%

-5.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

20.51%

-5.49%

EIPX vs. AAXJ - Expense Ratio Comparison

EIPX has a 0.95% expense ratio, which is higher than AAXJ's 0.68% expense ratio.

Dividends

EIPX vs. AAXJ - Dividend Comparison

EIPX's dividend yield for the trailing twelve months is around 2.70%, more than AAXJ's 1.32% yield.

PositionTTM20252024202320222021202020192018201720162015
AAXJ
iShares MSCI All Country Asia ex-Japan ETF		1.32%1.81%1.86%1.95%1.74%2.21%1.06%1.83%2.10%1.99%1.77%2.44%
EIPX
FT Energy Income Partners Strategy ETF		2.70%3.23%3.27%3.48%0.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EIPX and AAXJ have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AAXJ has higher volatility (13.43%) compared to EIPX (3.61%). In terms of maximum drawdown, EIPX dropped -15.43% vs AAXJ's -49.37%.

On 3-year performance, AAXJ leads with 23.41% vs 21.25% for EIPX. On fees, AAXJ is cheaper at 0.68% per year. On volatility, EIPX has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, AAXJ has performed better with a 23.41% return vs 21.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AAXJ is cheaper with a 0.68% expense ratio, compared with 0.95% for EIPX.

EIPX has the higher dividend yield at 2.70%, compared with 1.32% for AAXJ.

EIPX is categorized as Energy Equities, while AAXJ is Asia Pacific Equities. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.95% for EIPX and 0.68% for AAXJ.

EIPX currently has the higher Sharpe Ratio (2.45 vs 2.06), 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.

Portfolio Optimizer

Find the right allocation for EIPX and AAXJ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer