EWM vs. AAXJ
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.
Key characteristics
| EWM | AAXJ | |
|---|---|---|
| YTD Return | 16.95% | 12.09% |
| 1Y Return | 20.36% | 18.57% |
| 3Y Return (Ann) | 2.30% | -3.51% |
| 5Y Return (Ann) | 0.55% | 3.13% |
| 10Y Return (Ann) | -1.92% | 3.62% |
| Sharpe Ratio | 1.66 | 1.09 |
| Sortino Ratio | 2.35 | 1.62 |
| Omega Ratio | 1.31 | 1.20 |
| Calmar Ratio | 0.53 | 0.53 |
| Martin Ratio | 6.98 | 5.46 |
| Ulcer Index | 2.90% | 3.45% |
| Daily Std Dev | 12.19% | 17.24% |
| Max Drawdown | -89.19% | -49.37% |
| Current Drawdown | -25.25% | -22.35% |
Correlation
The correlation between EWM and AAXJ is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EWM vs. AAXJ - Performance Comparison
In the year-to-date period, EWM achieves a 16.95% return, which is significantly higher than AAXJ's 12.09% return. Over the past 10 years, EWM has underperformed AAXJ with an annualized return of -1.92%, while AAXJ has yielded a comparatively higher 3.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWM vs. AAXJ - Expense Ratio Comparison
EWM has a 0.49% expense ratio, which is lower than AAXJ's 0.68% expense ratio.
Risk-Adjusted Performance
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.
Dividends
EWM vs. AAXJ - Dividend Comparison
EWM's dividend yield for the trailing twelve months is around 3.00%, more than AAXJ's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWM iShares MSCI Malaysia ETF | 3.00% | 3.47% | 2.99% | 6.48% | 1.89% | 2.91% | 3.84% | 5.58% | 5.97% | 37.55% | 4.03% | 3.03% |
AAXJ iShares MSCI All Country Asia ex-Japan ETF | 1.85% | 2.26% | 1.73% | 2.21% | 1.06% | 1.83% | 2.10% | 1.99% | 1.77% | 2.44% | 1.78% | 1.77% |
Drawdowns
EWM vs. AAXJ - Drawdown Comparison
The maximum EWM drawdown since its inception was -89.19%, which is greater than AAXJ's maximum drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for EWM and AAXJ. For additional features, visit the drawdowns tool.
Volatility
EWM vs. AAXJ - Volatility Comparison
The current volatility for iShares MSCI Malaysia ETF (EWM) is 3.26%, while iShares MSCI All Country Asia ex-Japan ETF (AAXJ) has a volatility of 6.06%. This indicates that EWM 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.