iShares MSCI All Country Asia ex Japan ETF

10-Year Study

AAXJ.US · · US · ETF

Executive Summary: iShares MSCI All Country Asia ex Japan ETF has compounded at 9.2% annually over the last 10 years, with a maximum drawdown of 39.9% and an annualized volatility of 18.3%.

1Y CAGR
+44.0%
3Y CAGR
+20.9%
5Y CAGR
+4.5%
10Y CAGR
+9.2%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
39.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.34
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.55
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
17.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +41.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -20.4%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20267.76.3-9.710.2————————14.0%
20250.71.40.4-0.34.97.41.32.66.23.9-2.21.731.5%
2024-5.34.52.90.62.93.00.41.07.5-3.2-2.3-1.310.4%
20239.4-7.73.7-1.7-2.83.16.2-7.0-3.2-3.36.53.55.1%
2022-1.3-3.7-4.6-5.51.1-3.0-1.7-1.5-12.6-5.220.2-1.7-20.4%
20214.41.2-2.11.10.70.5-7.11.1-4.31.6-3.51.1-5.7%
2020-6.3-0.8-12.67.21.17.48.23.9-0.81.98.16.323.4%
20198.60.42.12.2-8.96.7-2.8-3.81.64.50.56.917.9%
20187.2-6.21.0-1.7-0.3-5.21.9-2.2-1.1-10.86.0-3.5-15.0%
20177.42.83.82.04.01.55.01.70.24.30.42.541.8%
2016———-1.1-1.33.25.41.83.1-2.6-3.1-2.62.4%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 18.3%. The dominant macroeconomic risk driver is VWO.US, accounting for 70.1% of variance. Idiosyncratic stock-specific factors contribute 2.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019886.519155548884
2016-05-019758.381380400328
2016-06-0110071.47461084083
2016-07-0110616.672700142155
2016-08-0110808.228188986113
2016-09-0111147.1255639828
2016-10-0110852.419717986526
2016-11-0110513.522342989836
2016-12-0110235.040659738472
2017-01-0110991.528117467353
2017-02-0111295.26210300467
2017-03-0111727.531190125113
2017-04-0111964.18322929267
2017-05-0112439.319423964966
2017-06-0112621.206636234405
2017-07-0113255.538289024078
2017-08-0113485.700663093674
2017-09-0113513.778397803226
2017-10-0114091.976654864602
2017-11-0114151.840504339687
2017-12-0114509.43429545194
2018-01-0115555.61687136336
2018-02-0114596.934405820391
2018-03-0114747.212092850772
2018-04-0114503.739283223114
2018-05-0114456.17047952886
2018-06-0113707.276371438411
2018-07-0113971.211492446384
2018-08-0113661.385168245672
2018-09-0113504.551595044897
2018-10-0112047.180306736009
2018-11-0112770.137828125415
2018-12-0112327.913506449931
2019-01-0113385.486106819004
2019-02-0113437.866975109708
2019-03-0113717.297827065877
2019-04-0114021.95890761719
2019-05-0112774.221460925155
2019-06-0113626.928136892202
2019-07-0113250.086087394156
2019-08-0112746.320315742074
2019-09-0112949.398271188536
2019-10-0113531.260760924271
2019-11-0113599.600907670167
2019-12-0114538.637788392769
2020-01-0113622.800356710844
2020-02-0113517.972399057013
2020-03-0111812.890152485059
2020-04-0112657.517857615865
2020-05-0112792.012855717527
2020-06-0113735.067148167444
2020-07-0114860.9578215916
2020-08-0115440.76745808206
2020-09-0115323.622380956585
2020-10-0115607.578339528684
2020-11-0116870.480411806777
2020-12-0117933.990835003573
2021-01-0118716.525247887548
2021-02-0118942.670210229833
2021-03-0118544.41668064667
2021-04-0118748.554173251985
2021-05-0118878.634433191768
2021-06-0118968.871681220586
2021-07-0117623.987921276388
2021-08-0117816.691242042438
2021-09-0117047.90873853272
2021-10-0117324.911484499855
2021-11-0116718.701713801354
2021-12-0116906.438454135285
2022-01-0116691.793884704697
2022-02-0116072.36197321137
2022-03-0115338.455901180501
2022-04-0114498.242934211574
2022-05-0114655.65042337339
2022-06-0114212.410711920678
2022-07-0113965.957954033747
2022-08-0113752.350848071203
2022-09-0112020.978835745253
2022-10-0111400.730197691975
2022-11-0113698.954590003268
2022-12-0113465.96678351007
2023-01-0114735.866215774742
2023-02-0113607.304625762647
2023-03-0114106.125890673424
2023-04-0113865.014965962368
2023-05-0113470.138711073048
2023-06-0113890.774963136935
2023-07-0114745.88767140221
2023-08-0113710.96267780358
2023-09-0113276.110968858438
2023-10-0112839.140185595594
2023-11-0113675.42403560045
2023-12-0114154.31275771034
2024-01-0113405.882197126888
2024-02-0114003.350786264868
2024-03-0114405.224401140767
2024-04-0114488.133183820868
2024-05-0114915.523985272433
2024-06-0115361.522908076322
2024-07-0115423.417537105875
2024-08-0115581.332721156308
2024-09-0116742.298489276604
2024-10-0116206.636234404936
2024-11-0115835.290533918434
2024-12-0115628.018577218185
2025-01-0115731.941513548833
2025-02-0115950.625568397541
2025-03-0116022.078105547562
2025-04-0115980.932745878841
2025-05-0116769.051802537593
2025-06-0118013.367827154172
2025-07-0118251.01318240815
2025-08-0118721.955375826663
2025-09-0119888.395419267683
2025-10-0120662.38731380842
2025-11-0120202.371597340563
2025-12-0120555.02088171151
2026-01-0122137.704512745353
2026-02-0123530.554402818365
2026-03-0121254.756880369427
2026-04-0123429.015425095142
Annual Return Matrix
YearAnnual Return
20170.4176235129702637
2018-0.1503518844760071
20190.17932671905802966
20200.2335399709401631
2021-0.057296359205376124
2022-0.20350067697337415
20230.051117456716378795
20240.10411708747251369
20250.3152672413427817
20260.13981958762886593
Total Factor Risk
0.18276635353517703
VTI.US Exposure
-0.09841709654970447
VEA.US Exposure
0.10354563914297842
VWO.US Exposure
0.7014796855780006
QQQ.US Exposure
0.058746101107469244
VTV.US Exposure
0.021310351657786965
IJR.US Exposure
-0.009936721756840896
QUAL.US Exposure
0.01937268953651267
SHV.US Exposure
0.20258928967391807
TLT.US Exposure
0.006404286557486068
LQD.US Exposure
0.043317029631519
HYG.US Exposure
-0.03719687055808773
GLD.US Exposure
0.005823494569956382
USO.US Exposure
-0.004075515324875634
VNQ.US Exposure
0.010707360622278318
BTC-USD.CC Exposure
-0.0012927375651543458
CPER.US Exposure
-0.012326861383666758
VIX.INDX Exposure
-0.007432018970445315
UUP.US Exposure
-0.01839197375797064
TIP.US Exposure
-0.004762363289429973
Idiosyncratic Exposure
0.0205362310782703
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
18.3%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+5.2%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+14.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.4% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.94
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares MSCI All Country Asia ex Japan ETF a high-risk investment?

iShares MSCI All Country Asia ex Japan ETF (AAXJ.US) has an annualized volatility of 18.3% and experienced a maximum drawdown of 39.9% over the last 10 years. Its primary macro risk driver is VWO.US.

What is the 10-year return of AAXJ.US?

Over the past 10 years, AAXJ.US has generated a Compound Annual Growth Rate (CAGR) of 9.2%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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