PSA vs. AAXJ
PSA (Public Storage) 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, PSA returned 5.63%/yr vs 10.50%/yr for AAXJ. At a 0.33 correlation, their price movements are largely independent.
Performance
PSA vs. AAXJ - Performance Comparison
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Returns By Period
In the year-to-date period, PSA achieves a 17.55% return, which is significantly lower than AAXJ's 31.17% return. Over the past 10 years, PSA has underperformed AAXJ with an annualized return of 5.63%, while AAXJ has yielded a comparatively higher 10.50% annualized return.
PSA
- 1D
- 0.95%
- 1M
- 2.24%
- YTD
- 17.55%
- 6M
- 10.84%
- 1Y
- 3.77%
- 3Y*
- 5.79%
- 5Y*
- 5.37%
- 10Y*
- 5.63%
AAXJ
- 1D
- -1.06%
- 1M
- 10.65%
- YTD
- 31.17%
- 6M
- 33.71%
- 1Y
- 59.00%
- 3Y*
- 24.49%
- 5Y*
- 7.04%
- 10Y*
- 10.50%
PSA vs. AAXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSA Public Storage | 17.55% | -9.69% | 2.09% | 13.60% | -20.20% | 66.63% | 12.69% | 8.96% | 0.62% | -2.89% |
AAXJ iShares MSCI All Country Asia ex-Japan ETF | 31.17% | 31.53% | 10.41% | 4.79% | -20.35% | -5.73% | 23.35% | 17.93% | -15.04% | 41.76% |
Correlation
The correlation between PSA and AAXJ is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2008 | 0.33 |
The correlation between PSA and AAXJ shifts across timeframes, from 0.16 (10 years) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSA vs. AAXJ — Risk / Return Rank
PSA
AAXJ
PSA vs. AAXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Public Storage (PSA) 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.
| PSA | AAXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.53 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 4.34 | -4.11 |
| Martin ratioReturn relative to average drawdown | 0.50 | 16.76 | -16.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSA | AAXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 2.93 | -2.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.35 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.52 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.28 | +0.13 |
Drawdowns
PSA vs. AAXJ - Drawdown Comparison
The maximum PSA drawdown since its inception was -60.19%, which is greater than AAXJ's maximum drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for PSA and AAXJ.
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Drawdown Indicators
| PSA | AAXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.19% | -49.37% | -10.82% |
Max Drawdown (1Y)Largest decline over 1 year | -16.20% | -13.66% | -2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -25.62% | -19.74% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -37.93% | -40.74% | +2.81% |
Max Drawdown (10Y)Largest decline over 10 years | -37.93% | -44.52% | +6.59% |
Current DrawdownCurrent decline from peak | -12.84% | -1.06% | -11.78% |
Average DrawdownAverage peak-to-trough decline | -15.78% | -14.03% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.52% | 3.53% | +3.99% |
Volatility
PSA vs. AAXJ - Volatility Comparison
The current volatility for Public Storage (PSA) is 7.28%, while iShares MSCI All Country Asia ex-Japan ETF (AAXJ) has a volatility of 8.93%. This indicates that PSA 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.
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Volatility by Period
| PSA | AAXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 8.93% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 17.46% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 20.25% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.81% | 19.94% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 20.25% | +3.20% |
Dividends
PSA vs. AAXJ - Dividend Comparison
PSA's dividend yield for the trailing twelve months is around 3.97%, more than AAXJ's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAXJ iShares MSCI All Country Asia ex-Japan ETF | 1.38% | 1.81% | 1.86% | 1.95% | 1.74% | 2.21% | 1.06% | 1.83% | 2.10% | 1.99% | 1.77% | 2.44% |
PSA Public Storage | 3.97% | 4.62% | 4.01% | 3.93% | 7.55% | 2.14% | 3.46% | 3.76% | 3.95% | 3.83% | 3.27% | 2.62% |
Frequently Asked Questions
PSA and AAXJ have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAXJ has higher volatility (8.93%) compared to PSA (7.28%). In terms of maximum drawdown, PSA dropped -60.19% vs AAXJ's -49.37%.
AAXJ currently has the higher Sharpe Ratio (2.93 vs 0.17), 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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