IDV vs. AAXJ

Last updated Jun 9, 2026

IDV (iShares International Select Dividend ETF) and AAXJ (iShares MSCI All Country Asia ex-Japan ETF) are both exchange-traded funds - IDV is a Global Equities fund tracking the Dow Jones EPAC Select Dividend, while AAXJ is a Asia Pacific Equities fund tracking the MSCI All Country Asia ex Japan Index. Both are passively managed. Over the past 10 years, IDV returned 10.33%/yr vs 9.86%/yr for AAXJ. A 0.73 correlation means they provide meaningful diversification when combined. IDV charges 0.49%/yr vs 0.68%/yr for AAXJ.

Performance

IDV vs. AAXJ - Performance Comparison

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

Returns By Period

In the year-to-date period, IDV achieves a 10.84% return, which is significantly lower than AAXJ's 22.87% return. Both investments have delivered pretty close results over the past 10 years, with IDV having a 10.33% annualized return and AAXJ not far behind at 9.86%.

IDV

• 1D: 0.23%
• 1M: -2.36%
• YTD: 10.84%
• 6M: 14.01%
• 1Y: 33.84%
• 3Y*: 24.24%
• 5Y*: 11.70%
• 10Y*: 10.33%

AAXJ

• 1D: 2.12%
• 1M: -2.62%
• YTD: 22.87%
• 6M: 24.43%
• 1Y: 45.43%
• 3Y*: 21.57%
• 5Y*: 5.97%
• 10Y*: 9.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDV vs. AAXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDV iShares International Select Dividend ETF	10.84%	52.16%	4.00%	10.32%	-6.40%	12.00%	-5.94%	23.56%	-10.37%	19.74%
AAXJ iShares MSCI All Country Asia ex-Japan ETF	22.87%	31.53%	10.41%	4.79%	-20.35%	-5.73%	23.35%	17.93%	-15.04%	41.76%

Correlation

The correlation between IDV and AAXJ is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Aug 18, 2008	0.73

The correlation between IDV and AAXJ shifts across timeframes, from 0.60 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

IDV vs. AAXJ - Sectors Allocation Comparison

Sectors	IDV	AAXJ
Financial Services	30.1%	17.7%
Energy	15.6%	2.7%
Utilities	11.8%	1.8%
Communication Services	10.0%	6.9%
Consumer Cyclical	9.6%	10.3%
Consumer Defensive	7.2%	2.4%
Industrials	6.7%	8.3%
Basic Materials	5.8%	3.5%
Real Estate	2.4%	1.7%
Technology	0.9%	41.6%
Healthcare	-	3.0%

Return for Risk

IDV vs. AAXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDV

IDV Risk / Return Rank: 84
IDV Sharpe Ratio Rank: 88
IDV Sortino Ratio Rank: 84
IDV Omega Ratio Rank: 86
IDV Calmar Ratio Rank: 83
IDV Martin Ratio Rank: 82

AAXJ

AAXJ Risk / Return Rank: 72
AAXJ Sharpe Ratio Rank: 72
AAXJ Sortino Ratio Rank: 65
AAXJ Omega Ratio Rank: 76
AAXJ Calmar Ratio Rank: 73
AAXJ Martin Ratio Rank: 74

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.

IDV vs. AAXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Select Dividend ETF (IDV) 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.

	IDV	AAXJ	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.11	+0.52
Sortino ratio: Return per unit of downside risk	3.42	2.70	+0.72
Omega ratio: Gain probability vs. loss probability	1.47	1.40	+0.08
Calmar ratio: Return relative to maximum drawdown	3.99	3.34	+0.65
Martin ratio: Return relative to average drawdown	15.00	12.62	+2.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDV vs. AAXJ - Sharpe Ratio Comparison

The current IDV Sharpe Ratio is 2.63, which is comparable to the AAXJ Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of IDV 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.

Sharpe Ratios by Period

	IDV	AAXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.11	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.30	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.49	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.27	-0.06

Drawdowns

IDV vs. AAXJ - Drawdown Comparison

The maximum IDV drawdown since its inception was -70.14%, which is greater than AAXJ's maximum drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for IDV and AAXJ.

Drawdown Indicators

	IDV	AAXJ	Difference
Max Drawdown Largest peak-to-trough decline	-70.14%	-49.37%	-20.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-13.66%	+5.14%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-19.74%	+7.88%
Max Drawdown (5Y) Largest decline over 5 years	-29.19%	-40.64%	+11.45%
Max Drawdown (10Y) Largest decline over 10 years	-42.50%	-44.52%	+2.02%
Current Drawdown Current decline from peak	-4.08%	-7.32%	+3.24%
Average Drawdown Average peak-to-trough decline	-15.39%	-14.02%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	3.61%	-1.35%

Volatility

IDV vs. AAXJ - Volatility Comparison

The current volatility for iShares International Select Dividend ETF (IDV) is 3.91%, while iShares MSCI All Country Asia ex-Japan ETF (AAXJ) has a volatility of 11.44%. This indicates that IDV 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.

Volatility by Period

	IDV	AAXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	11.44%	-7.53%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	19.19%	-8.48%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	21.66%	-8.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	20.22%	-4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	20.38%	-2.44%

IDV vs. AAXJ - Expense Ratio Comparison

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

Dividends

IDV vs. AAXJ - Dividend Comparison

IDV's dividend yield for the trailing twelve months is around 4.51%, more than AAXJ's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAXJ iShares MSCI All Country Asia ex-Japan ETF	1.47%	1.81%	1.86%	1.95%	1.74%	2.21%	1.06%	1.83%	2.10%	1.99%	1.77%	2.44%
IDV iShares International Select Dividend ETF	4.51%	4.94%	6.46%	6.51%	7.33%	5.78%	5.47%	5.15%	5.93%	4.52%	4.69%	5.08%

Frequently Asked Questions

Can I hold both IDV and AAXJ in my portfolio?

IDV and AAXJ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDV or AAXJ?

AAXJ has higher volatility (11.44%) compared to IDV (3.91%). In terms of maximum drawdown, IDV dropped -70.14% vs AAXJ's -49.37%.

Which ETF is better, IDV or AAXJ?

On 10-year performance, IDV leads with 10.33% vs 9.86% for AAXJ. On fees, IDV is cheaper at 0.49% per year. On volatility, IDV has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDV or AAXJ?

Over the 10-year period, IDV has performed better with a 10.33% return vs 9.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDV or AAXJ?

IDV is cheaper with a 0.49% expense ratio, compared with 0.68% for AAXJ.

Which ETF pays a higher dividend yield, IDV or AAXJ?

IDV has the higher dividend yield at 4.51%, compared with 1.47% for AAXJ.

What is the main difference between IDV and AAXJ?

IDV is categorized as Global Equities, while AAXJ is Asia Pacific Equities. IDV tracks Dow Jones EPAC Select Dividend, while AAXJ tracks MSCI All Country Asia ex Japan Index. Their fees differ too: 0.49% for IDV and 0.68% for AAXJ.

Which has better risk-adjusted returns?

IDV currently has the higher Sharpe Ratio (2.63 vs 2.11), 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.