Data Source: from September 2008 to October 2022 (~14 years)
Consolidated Returns as of 31 October 2022
Live Update: Nov 29 2022, 02:59PM Eastern Time
Category: Stocks
ETF: iShares MSCI All Country Asia ex-Japan ETF (AAXJ)
ETF • LIVE PERFORMANCE (USD currency)
2.50%
1 Day
Nov 29 2022, 02:59PM Eastern Time
16.11%
Current Month
November 2022

In the last 10 Years, the iShares MSCI All Country Asia ex-Japan ETF (AAXJ) ETF obtained a 1.71% compound annual return, with a 15.62% standard deviation.

In 2021, the ETF granted a 2.04% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI All Country Asia ex-Japan ETF (AAXJ) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Broad Asia
  • Country: Broad Asia Pacific ex-Japan

Historical Returns as of Oct 31, 2022

Historical returns and Metrics of iShares MSCI All Country Asia ex-Japan ETF (AAXJ) ETF.

Returns and metrics are calculated based on monthly returns, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends
ISHARES MSCI ALL COUNTRY ASIA EX-JAPAN ETF (AAXJ) ETF
Portfolio Metrics
Data Source: 1 September 2008 - 31 October 2022 (~14 years)
Swipe left to see all data
Metrics as of Oct 31, 2022
1M 3M 6M 1Y 3Y 5Y 10Y MAX
(~14Y)
Portfolio
Return (%)
-5.16 -18.37 -21.36 -34.17 -5.54 -4.14 1.71 2.59
US Inflation (%) 0.41 0.59 3.08 7.75 5.01 3.85 2.57 2.20
Infl. Adjusted
Return (%)
-5.54 -18.84 -23.71 -38.90 -10.05 -7.70 -0.83 0.39
Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 12.05 17.52 17.18 15.62 20.57
Sharpe Ratio -2.89 -0.34 -0.30 0.08 -0.07
Sortino Ratio -3.59 -0.46 -0.40 0.10 -0.09
MAXIMUM DRAWDOWN
Drawdown Depth (%) -34.17 -39.87 -39.87 -39.87 -42.09
Start (yyyy mm) 2021 11 2021 07 2021 07 2021 07 2008 09
Bottom (yyyy mm) 2022 10 2022 10 2022 10 2022 10 2009 02
Start to Bottom (# months) 12 16 16 16 6
Start to Recovery (# months) in progress
> 12
> 16
> 16
> 16
11
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 87.44 28.89 17.33 11.33
Worst Return (%) -34.17 -5.54 -4.14 1.71
% Positive Periods 65% 90% 89% 100%
MONTHS
Positive 0 0 1 2 19 32 68 95
Negative 1 3 5 10 17 28 52 75
% Positive 0% 0% 17% 17% 53% 53% 57% 56%
WITHDRAWAL RATES (WR)
Safe WR (%) 39.01 20.33 11.97 8.56
Perpetual WR (%) 0.00 0.00 0.00 0.39
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
  • Standard Deviation: it's a measure of the dispersion of returns around the mean
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
  • Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
  • Rolling Returns: returns over a time frame (best, worst, % of positive returns).
  • Pos./Neg. Months: number of months with positive/negative return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).

Correlations as of Oct 31, 2022

Monthly correlations of iShares MSCI All Country Asia ex-Japan ETF (AAXJ) ETF vs the main Asset Classes, over different timeframes.

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1.

If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.

Asset correlations are calculated based on monthly returns.

Columns are sortable (click on table header to sort).

ISHARES MSCI ALL COUNTRY ASIA EX-JAPAN ETF (AAXJ) ETF
Monthly correlations as of 31 October 2022
Swipe left to see all data
Correlation vs AAXJ
 
Asset Class 1 Year 5 Years 10 Years Since
Sep 2008
US Total Stock Market
VTI
0.37
0.68
0.64
0.75
US Large Cap
SPY
0.39
0.66
0.63
0.74
US Small Cap
IJR
0.36
0.69
0.59
0.70
US REITs
VNQ
0.42
0.51
0.47
0.63
US Technology
QQQ
0.34
0.64
0.63
0.71
Preferred Stocks
PFF
0.51
0.54
0.49
0.61
EAFE Stocks
EFA
0.49
0.74
0.75
0.83
World All Countries
VT
0.46
0.76
0.76
0.85
Emerging Markets
EEM
0.93
0.97
0.97
0.98
Europe
VGK
0.43
0.72
0.70
0.80
Pacific
VPL
0.57
0.78
0.81
0.84
Latin America
FLLA
0.30
0.52
0.58
0.74
US Total Bond Market
BND
0.63
0.35
0.32
0.26
Long Term Treasuries
TLT
0.54
-0.01
0.03
-0.13
US Cash
BIL
-0.49
-0.24
-0.19
-0.09
TIPS
TIP
0.51
0.36
0.38
0.40
Invest. Grade Bonds
LQD
0.57
0.51
0.48
0.43
High Yield Bonds
HYG
0.34
0.59
0.59
0.70
International Bonds
BNDX
0.31
0.25
0.25
0.28
Emerg. Market Bonds
EMB
0.60
0.64
0.64
0.65
Gold
GLD
0.15
0.23
0.18
0.27
Commodities
DBC
0.35
0.49
0.40
0.56

Capital Growth as of Oct 31, 2022

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the iShares MSCI All Country Asia ex-Japan ETF (AAXJ) ETF: Dividend Yield page.

An investment of 1000$, since November 2012, now would be worth 1185.01$, with a total return of 18.50% (1.71% annualized).

The Inflation Adjusted Capital now would be 919.81$, with a net total return of -8.02% (-0.83% annualized).
An investment of 1000$, since September 2008, now would be worth 1437.16$, with a total return of 43.72% (2.59% annualized).

The Inflation Adjusted Capital now would be 1056.54$, with a net total return of 5.65% (0.39% annualized).

Drawdowns

Worst drawdowns since November 2012.

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Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-39.87% Jul 2021 Oct 2022 16 in progress 16
-25.93% May 2015 Feb 2016 10 May 2017 15 25
-24.07% Feb 2018 Mar 2020 26 Oct 2020 7 33
-8.84% Jan 2013 Aug 2013 8 Oct 2013 2 10
-7.66% Dec 2013 Jan 2014 2 May 2014 4 6
-6.70% Sep 2014 Sep 2014 1 Apr 2015 7 8
-2.10% Mar 2021 Mar 2021 1 Jun 2021 3 4

Worst drawdowns since September 2008.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-42.09% Sep 2008 Feb 2009 6 Jul 2009 5 11
-39.87% Jul 2021 Oct 2022 16 in progress 16
-27.27% May 2011 Sep 2011 5 May 2014 32 37
-25.93% May 2015 Feb 2016 10 May 2017 15 25
-24.07% Feb 2018 Mar 2020 26 Oct 2020 7 33
-8.22% May 2010 May 2010 1 Sep 2010 4 5
-6.70% Sep 2014 Sep 2014 1 Apr 2015 7 8
-6.53% Jan 2010 Jan 2010 1 Mar 2010 2 3
-5.60% Jan 2011 Feb 2011 2 Apr 2011 2 4
-3.96% Oct 2009 Oct 2009 1 Nov 2009 1 2
-3.88% Aug 2009 Aug 2009 1 Sep 2009 1 2
-2.26% Nov 2010 Nov 2010 1 Dec 2010 1 2
-2.10% Mar 2021 Mar 2021 1 Jun 2021 3 4

Rolling Returns ( more details)

iShares MSCI All Country Asia ex-Japan ETF (AAXJ) ETF: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
8.84 87.44
Mar 2009 - Feb 2010
-34.17
Nov 2021 - Oct 2022
34.59%
2 Years
7.37 47.43
Mar 2009 - Feb 2011
-14.52
Nov 2020 - Oct 2022
30.61%
3 Years
5.99 28.89
Mar 2009 - Feb 2012
-5.54
Nov 2019 - Oct 2022
10.37%
5 Years
6.00 17.33
Mar 2009 - Feb 2014
-4.14
Nov 2017 - Oct 2022
10.81%
7 Years
5.45 10.67
Dec 2008 - Nov 2015
1.65
Nov 2015 - Oct 2022
0.00%
10 Years
5.79 11.33
Mar 2009 - Feb 2019
1.71
Nov 2012 - Oct 2022
0.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares MSCI All Country Asia ex-Japan ETF (AAXJ) ETF: Rolling Returns page.

Seasonality

iShares MSCI All Country Asia ex-Japan ETF (AAXJ) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
2.52
60%
-1.81
40%
-3.23
40%
0.67
60%
-1.28
60%
1.27
60%
-0.29
40%
-0.51
40%
-3.44
20%
-1.60
60%
2.30
80%
2.68
80%
 Capital Growth on monthly avg returns
100
102.52
100.66
97.41
98.06
96.81
98.03
97.74
97.25
93.90
92.40
94.53
97.06
Best 8.6
2019
1.2
2021
2.1
2019
7.2
2020
1.1
2022
7.4
2020
8.2
2020
3.9
2020
1.6
2019
4.5
2019
8.1
2020
6.9
2019
Worst -6.3
2020
-6.2
2018
-12.6
2020
-5.5
2022
-8.9
2019
-5.2
2018
-7.1
2021
-3.8
2019
-12.6
2022
-10.8
2018
-3.5
2021
-3.5
2018
Monthly Seasonality over the period Nov 2017 - Oct 2022
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.74
50%
-0.07
50%
-0.14
60%
1.38
70%
-0.69
50%
0.44
60%
0.80
60%
-0.93
50%
-1.50
40%
0.66
70%
1.15
70%
1.10
50%
 Capital Growth on monthly avg returns
100
100.74
100.67
100.53
101.92
101.22
101.66
102.47
101.51
99.99
100.65
101.81
102.93
Best 8.6
2019
4.0
2014
10.8
2016
7.2
2020
4.0
2017
7.4
2020
8.2
2020
3.9
2020
6.6
2013
7.1
2015
8.1
2020
6.9
2019
Worst -7.3
2014
-6.2
2018
-12.6
2020
-5.5
2022
-8.9
2019
-5.2
2018
-7.1
2021
-10.0
2015
-12.6
2022
-10.8
2018
-3.5
2021
-3.5
2018
Monthly Seasonality over the period Nov 2012 - Oct 2022
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-0.02
43%
-0.26
50%
1.73
64%
2.43
71%
-0.74
43%
0.37
57%
2.27
71%
-1.85
43%
-1.41
47%
0.00
67%
0.51
57%
1.83
57%
 Capital Growth on monthly avg returns
100
99.98
99.72
101.44
103.91
103.14
103.52
105.87
103.90
102.44
102.44
102.97
104.85
Best 10.4
2012
5.5
2012
16.1
2009
17.3
2009
16.0
2009
7.4
2020
14.7
2009
3.9
2020
11.2
2010
14.8
2011
8.1
2020
10.0
2008
Worst -8.2
2009
-7.4
2009
-12.6
2020
-5.5
2022
-9.8
2012
-5.2
2018
-7.1
2021
-10.0
2015
-17.0
2011
-20.6
2008
-7.2
2008
-4.1
2011
Monthly Seasonality over the period Sep 2008 - Oct 2022

Monthly/Yearly Returns

iShares MSCI All Country Asia ex-Japan ETF (AAXJ) ETF data source starts from September 2008: let's focus on monthly and yearly returns.

We are providing two different views:
  • Histogram: it shows the distribution of the returns recorded so far
  • Plain Table: it shows the detailed monthly and yearly returns
MONTHLY RETURNS HISTOGRAM
Sep 2008 - Oct 2022
95 Positive Months (56%) - 75 Negative Months (44%)
MONTHLY RETURNS TABLE
Sep 2008 - Oct 2022
(Scroll down to see all data)
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
-32.56 -36.91 -1.3 -3.7 -4.6 -5.5 1.1 -3.0 -1.7 -1.5 -12.6 -5.2
2021
-5.71 -11.91 4.4 1.2 -2.1 1.1 0.7 0.5 -7.1 1.1 -4.3 1.6 -3.5 1.2
2020
+23.36 +21.70 -6.3 -0.8 -12.6 7.2 1.1 7.4 8.2 3.9 -0.8 1.9 8.1 6.3
2019
+17.92 +15.28 8.6 0.4 2.1 2.2 -8.9 6.7 -2.8 -3.8 1.6 4.5 0.5 6.9
2018
-15.03 -16.63 7.2 -6.2 1.0 -1.7 -0.3 -5.2 1.9 -2.2 -1.1 -10.8 6.0 -3.5
2017
+41.77 +38.84 7.4 2.8 3.8 2.0 4.0 1.5 5.0 1.7 0.2 4.3 0.4 2.5
2016
+4.69 +2.56 -6.9 -0.9 10.8 -1.1 -1.3 3.2 5.4 1.8 3.1 -2.6 -3.1 -2.6
2015
-10.31 -10.96 1.6 3.1 0.3 6.4 -3.1 -4.0 -5.9 -10.0 -1.1 7.1 -1.8 -2.1
2014
+2.85 +2.07 -7.3 4.0 1.6 0.9 3.7 2.3 2.9 1.9 -6.7 2.6 0.0 -2.2
2013
+1.52 +0.02 -0.1 -0.6 -1.7 2.3 -3.8 -4.9 2.0 -2.2 6.6 3.3 1.5 -0.4
2012
+23.61 +21.49 10.4 5.5 -2.9 -0.4 -9.8 4.8 0.7 0.2 6.0 0.1 3.4 4.9
2011
-20.18 -22.47 -3.4 -2.3 4.7 3.0 -1.5 -1.9 0.5 -9.9 -17.0 14.8 -2.0 -4.1
2010
+16.20 +14.49 -6.5 1.2 7.6 0.4 -8.2 0.3 7.9 -3.1 11.2 2.9 -2.3 5.6
2009
+68.48 +64.02 -8.2 -7.4 16.1 17.3 16.0 -2.4 14.7 -3.9 9.9 -4.0 7.1 3.1
2008
- - -16.1 -20.6 -7.2 10.0
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