AAXJ vs BTC

Comparison between ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF (AAXJ, ETF) and Grayscale Bitcoin Mini Trust ETF (BTC, ETF).

AAXJ vs BTC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AAXJ(ETF)	BTC(ETF)
Net Assets	$3.70B	$3.70B
Expense Ratio	0.72%	0.15%
Max Drawdown	49.37%	53.30%
Sharpe Ratio	1.24	-0.73
5Y Beta	0.90	1.18
5Y Dividends CAGR	11.41%	N/A

Net Assets

AAXJ

$3.70B

BTC

$3.70B

Expense Ratio

AAXJ

0.72%

Winner

BTC

0.15%

Max Drawdown

Winner

AAXJ

49.37%

BTC

53.30%

Sharpe Ratio

Winner

AAXJ

1.24

BTC

-0.73

5Y Beta

Winner

AAXJ

0.90

BTC

1.18

5Y Dividends CAGR

AAXJ

11.41%

BTC

N/A

AAXJ vs BTC - Historical Returns

Returns include dividend reinvestment.

Period	AAXJ	BTC
1 month	+2.38%	+16.00%
3 months	+2.17%	-0.76%
6 months	+10.11%	+13.71%
1 year	+38.08%	-31.37%
5 years(CAGR)	+8.79%	N/A
10 years(CAGR)	+9.02%	N/A
Max(CAGR)	+6.65%	+8.26%

AAXJ

+2.38%

Winner

BTC

+16.00%

Winner

AAXJ

+2.17%

BTC

-0.76%

AAXJ

+10.11%

Winner

BTC

+13.71%

Winner

AAXJ

+38.08%

BTC

-31.37%

5Y(CAGR)

AAXJ

+8.79%

BTC

N/A

10Y(CAGR)

AAXJ

+9.02%

BTC

N/A

Max(CAGR)

AAXJ

+6.65%

Winner

BTC

+8.26%

AAXJ vs BTC - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	AAXJ	BTC
2026	+21.55%	-14.24%
2025	+32.06%	-10.26%
2024	+12.32%	+44.64%
2023	+3.42%	N/A
2022	-20.91%	N/A
2021	-6.56%	N/A
2020	+21.04%	N/A
2019	+18.74%	N/A
2018	-16.78%	N/A
2017	+40.39%	N/A
2016	+7.84%	N/A
2015	-9.87%	N/A
2014	+6.28%	N/A
2013	-0.52%	N/A
2012	+20.37%	N/A
2011	-21.26%	N/A
2010	+13.23%	N/A
2009	+60.72%	N/A
2008	-32.98%	N/A

AAXJ vs BTC Drawdown Comparison

The maximum drawdown for AAXJ was -49.37%, occurring on Nov 20, 2008. Recovery took 232 trading sessions.

The maximum drawdown for BTC was -53.30%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The current AAXJ drawdown is -6.35%. The current BTC drawdown is -38.67%.

Rank	AAXJ	BTC
#1	-49.37% Aug 15, 2008 - Jul 20, 2009	-53.30% Oct 6, 2025 - Jun 30, 2026
#2	-44.50% Feb 17, 2021 - Oct 20, 2025	-28.14% Dec 17, 2024 - May 20, 2025
#3	-32.99% Jan 26, 2018 - Oct 9, 2020	-17.96% Jul 31, 2024 - Sep 27, 2024
#4	-31.09% Apr 27, 2015 - May 25, 2017	-11.96% Aug 13, 2025 - Oct 6, 2025
#5	-29.50% Apr 21, 2011 - May 16, 2014	-9.11% Sep 27, 2024 - Oct 14, 2024
#6	-15.57% Apr 14, 2010 - Sep 20, 2010	-8.47% Nov 22, 2024 - Dec 6, 2024
#7	-14.94% Jun 22, 2026 - Jul 29, 2026	-8.44% May 22, 2025 - Jul 9, 2025
#8	-14.07% Jan 11, 2010 - Apr 1, 2010	-7.30% Oct 29, 2024 - Nov 6, 2024
#9	-13.66% Feb 25, 2026 - Apr 17, 2026	-5.81% Jul 14, 2025 - Aug 13, 2025
#10	-10.90% Sep 5, 2014 - Apr 8, 2015	-5.48% Dec 6, 2024 - Dec 13, 2024
#11	-9.49% Nov 5, 2010 - Apr 21, 2011	-3.29% Oct 18, 2024 - Oct 28, 2024
#12	-9.25% Jun 2, 2026 - Jun 18, 2026	-2.51% Nov 13, 2024 - Nov 15, 2024
#13	-8.35% Aug 3, 2009 - Sep 10, 2009	-1.50% Oct 16, 2024 - Oct 18, 2024
#14	-8.19% Oct 19, 2009 - Nov 16, 2009	N/A
#15	-6.51% Jul 20, 2009 - Aug 3, 2009	N/A

Correlation

Correlation between AAXJ and BTC is -0.32 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.32

-101