PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
EWM vs. AAXJ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

EWM vs. AAXJ

Last updated May 12, 2025

Compare and contrast key facts about iShares MSCI Malaysia ETF (EWM) and iShares MSCI All Country Asia ex-Japan ETF (AAXJ).

EWM and AAXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWM is a passively managed fund by iShares that tracks the performance of the MSCI Malaysia Index. It was launched on Mar 12, 1996. AAXJ is a passively managed fund by iShares that tracks the performance of the MSCI All Country Asia ex Japan Index. It was launched on Aug 13, 2008. Both EWM and AAXJ 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: EWM or AAXJ.

Correlation

The correlation between EWM and AAXJ is 0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

EWM vs. AAXJ - Performance Comparison

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

Loading data...

Key characteristics

Daily Std Dev

EWM:

15.09%

AAXJ:

11.97%

Max Drawdown

EWM:

-2.21%

AAXJ:

-2.04%

Current Drawdown

EWM:

-1.65%

AAXJ:

-1.43%

Returns By Period

EWM

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

AAXJ

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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

EWM vs. AAXJ - Expense Ratio Comparison

EWM has a 0.49% expense ratio, which is lower than AAXJ's 0.68% expense ratio.

AAXJ
iShares MSCI All Country Asia ex-Japan ETF
EWM
iShares MSCI Malaysia ETF

Risk-Adjusted Performance

EWM vs. AAXJ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWM
The Risk-Adjusted Performance Rank of EWM is 5959
Overall Rank
The Sharpe Ratio Rank of EWM is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of EWM is 6868
Sortino Ratio Rank
The Omega Ratio Rank of EWM is 6565
Omega Ratio Rank
The Calmar Ratio Rank of EWM is 4747
Calmar Ratio Rank
The Martin Ratio Rank of EWM is 4646
Martin Ratio Rank
AAXJ
The Risk-Adjusted Performance Rank of AAXJ is 5353
Overall Rank
The Sharpe Ratio Rank of AAXJ is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of AAXJ is 5959
Sortino Ratio Rank
The Omega Ratio Rank of AAXJ is 5454
Omega Ratio Rank
The Calmar Ratio Rank of AAXJ is 4848
Calmar Ratio Rank
The Martin Ratio Rank of AAXJ is 4949
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EWM vs. AAXJ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Malaysia ETF (EWM) 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.

No data
No data
No data
No data
No data

Loading data...

Dividends

EWM vs. AAXJ - Dividend Comparison

EWM's dividend yield for the trailing twelve months is around 3.33%, more than AAXJ's 1.76% yield.

TTM20242023202220212020201920182017201620152014
EWM
iShares MSCI Malaysia ETF		3.33%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AAXJ
iShares MSCI All Country Asia ex-Japan ETF		1.76%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

EWM vs. AAXJ - Drawdown Comparison

The maximum EWM drawdown since its inception was -2.21%, which is greater than AAXJ's maximum drawdown of -2.04%. Use the drawdown chart below to compare losses from any high point for EWM and AAXJ. For additional features, visit the drawdowns tool.

Loading data...

Volatility

EWM vs. AAXJ - Volatility Comparison

Loading data...